Sunday 18 November 2018
 
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Abu Dhabi home prices, rents continue fall in Q3

Apartment sales prices in investment zones of Abu Dhabi, UAE, have declined by 2.7 per cent on average over the last 12 months, whereas prices declined marginally by 1.7 per cent over the quarter, a report said. Villa sales prices

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Dubai Water Canal projects Q3 rents stable

The average rents and sale prices of properties in six hand-picked areas located on either side of the Dubai Water Canal witnessed a stable growth for the first three quarters of 2018 compared to the same period last year, said a report.

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Kuwait's prime commercial property rents at new high

Rents for prime commercial properties in Kuwait City have returned to the peak levels, similar to the ones last experienced in 2008, according to the global property consulting firm CBRE. Monthly rates of KD14 per sq m were quoted

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Dubai tops global real estate with 8pc rental returns

Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Fin

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Dubai 'must push more rent-to-own schemes'

Dubai should not foster a rent-forever generation, but instead enable residents to get on the ownership ladder with looser buying requirements supported by robust oversight, said a top real estate expert at an industry event. Zara

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Dubai rents down, yet yields remain strong

Rents in the property market of Dubai, UAE, for apartments are falling faster than sale prices and so the yields are declining. However they still remain very strong and are amongst the best in the world, said Propertyfinder Trends, in its third

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Dubai’s apartment rents down 4pc as new supply hits market

Apartment rental rates across Dubai, UAE, were down four per cent and the sales remained flat during the third quarter as new supply added pressure to the emirate's rental market, said leading real estate consultancy Asteco. H

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Dubai's residential property rents down in Q3

Dubai's residential rents have witnessed a steep drop - 2.8 per cent for apartments and 3.5 per cent for villas/townhouses - in the third quarter mainly due to key factors such as new project handovers of lower priced inventory, as well as r

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Abu Dhabi rolls out new affordable housing plan

Abu Dhabi City Municipality (ADM) has announced an initiative which aims to provide high-quality and affordable accommodation for low-income groups in the emirate. It enables individual landlords, developers and investors to const

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Abu Dhabi's residential market 'under pressure'

Issues of oversupply and ongoing economic uncertainty continue to put pressure on Abu Dhabi’s residential real estate market, according to leading international property company Chestertons Middle East and North Africa (Mena).

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