The real estate sector in Dubai, UAE, ended 2014 on a quiet note as nearly all segments of the market - office, residential, retail and hotel sectors - witnessed subdued growth levels in the fourth quarter, said a report.
A shortage of prime office space in Dubai, UAE, which is being underpinned by robust demand, has created a strong upward pressure on rents across the city, a report said.
This is supported by a rapidly diminishing supply of Grade
Rents across the freehold areas in Abu Dhabi, UAE, rose by just 2.7 per cent during the first nine months compared to the near nine per cent growth recorded last year, said a report.
Abu Dhabi’s drive for economic diversific
The residential rental values in Sharjah, UAE, surged 26.4 per cent in the third quarter compared to the same period last year largely driven by the reverse migration from neighbouring Dubai emirate.
The rents grew 5.3 per cent co
With the general economic restructuring now starting to bear fruit in Sharjah, UAE, the demand for top quality office space in the emirate continues to rise, said a report.
The occupiers are focused on Grade A space, similar to th
Aldar Properties, a leading property development company in Abu Dhabi, UAE, has announced the successful leasing of almost 3,000 units at its major new residential developments - Al Rayanna, Gate Towers and The Arc.
The company al
Dubai’s market dynamics are now prompting a slowing down of growth figures and could herald a softening in demand for competitively-priced residential rental units in the Northern Emirates as Dubai market conditions continue to adjust, sai
The real estate market in Abu Dhabi continues to see a stabilisation of rental and sales prices for completed properties, a report said.
However, majority of released units from key developers were sold on the launch day itself, a
Dubai’s real estate market witnessed further stabilisation and a slowing down of both property prices and rental rates in the third quarter, a far cry from the abnormal price hikes the UAE emirate had experienced in the last 18 months, sai
Average residential leasing and sales prices in Abu Dhabi, UAE, remained relatively steady in the third quarter with the apartment and villa sales year-on-year still offering returns of 28 and 14 per cent respectively, said a report.