Thursday 24 July 2014
 
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Residential rents up 20pc in Jeddah

Residential rents have increased 20 per cent in Jeddah due to high prices of building material and real estate, a report quoting experts said. Abdullah Al-Ahmari, a member of the real estate committee at the Jeddah Chamber of Comm

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Prime office rents up 6pc in Saudi Arabia

Office rents in Saudi Arabia witnessed a 6 per cent year-on-year  increase in the first quarter, aided by growth in the finance and business services and public administration sectors, a report said. The best performing marke

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Residential space becoming costly in Dubai

Residential space is becoming expensive in Dubai and while the landlords rejoice on the strengthening of the property market, tenants in the high end localities are eyeing secondary markets for economical rents, said a report. The

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UAE industrial property sector keeps up growth

The UAE industrial property market was bolstered by an improved economic climate, the successful win of Expo 2020, and the launch of passenger services at Al Maktoum International Airport, a report said. “Steady growth follo

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Cairo residential rents remain stable

All sectors of the Egyptian property market remained at or close to the cyclical trough of their cycle even as the Egyptian economy showed signs of improvement in the final quarter of 2013, said a report. The prime rents in capita

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Sharjah residential rents up 33pc

The residential leasing market in the Northern Emirates continues to follow the upward trend witnessed throughout 2013, which was particularly apparent in Sharjah which witnessed a 33 per cent jump last year, said a report. Two ot

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Dubai residential market posts solid growth in 2013

The residential market in Dubai ended 2013 on a strong note, with prices increasing 22 per cent year-on-year on average and rents registering a 17 per cent growth, said a report. The recovery has been broad-based and evident in pr

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Salary proof must to rent Dubai apartments

Dubai has made it mandatory for all residents to provide a statement of income from their employer to landlords before leasing a property in the emirate, said a report. Under the new rules, Dubai Land Department (DLD) has now incl

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Dubai landlords free to hike rents by 20pc

Landlords in Dubai will be able to increase rents by up to 20 per cent under a new decree issued by Dubai ruler Sheikh Mohammad Bin Rashid Al Maktoum, said a report. This new rule overrides the 5 per cent rental cap announced earl

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Apartment prices jump 13pc in Jordan

Although rental rates in Jordan experienced no significant changes during the third quarter (Q3) of 2013, apartment sales prices jumped 13 per cent over the past 12 months, a report said. Increased supply and competition among lan

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