Saturday 18 November 2017
 
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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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Dubai property prices marginally down in Q2

The property prices across Dubai, UAE, witnessed a marginal drop as fresh supply in the apartment, villa and commercial segments continued to place downward pressure on rental rates and sales prices, according to a report. This tr

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Dubai residential property prices down 3.6pc

The residential property prices in the rental market in Dubai, UAE, plunged 3.6 per cent year-on-year (y-o-y) in March mainly due to a steep fall in apartment and villa prices compared to the same period last year, said a report.

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Saudi real estate prices down for 8 straight quarters

After witnessing a marginal growth in 2014, the Saudi Arabia's real estate prices have fallen to new lows for the past eight consecutive quarters due to weakness in the residential sector, mainly plots and apartments, said a report.

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Saudi Arabia plans new e-network to regulate rents

The Saudi housing ministry has announced plans to launch a national e-network (Ejar or Rent) to regulate the real estate rental market, said a report. The scheme, which is also aimed at supporting poor Saudi nationals who are unab

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Sharjah housing rents 38pc cheaper than 2008

Average rents in the northern UAE emirate of Sharjah are still 38 per cent cheaper than in 2008, as additional supply keeps rates from increasing rapidly, according to a report from leading real estate consultancy Asteco. The prop

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Abu Dhabi rents marginally down in Q3

Rental rates for both apartments and villas in Abu Dhabi have been directly impacted by the current macroeconomic challenges, witnessing declines of up to three per cent in Q3, said a report. Continued cost cutting and downsizing

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