Despite experiencing a drop in the vacancy rate to 30 per cent, rents for Grade A shell and core offices in Abu Dhabi continued to trend down in the first six months (H1) of this year, falling by 3 per cent, a report said.
Dubai has got the status of the best performing luxury real estate market in the Middle East, while its 6.3 per cent annual price growth of luxury homes is better than the global average recorded during the first half of the year, a report said.
Dubai industrial rents were up strongly during the first six months (H1) of 2014 compared to a year, with seven of the nine major nine districts experiencing double digit growth, a report said.
Class 2 buildings in Dubai Investmen
Bahrain’s office market has been suffering from an oversupply of office stock and weak occupier demand since the 2008-09 global economic turndown, a report said.
Not surprisingly, this has led developers to scale back office
Knight Frank, one of the world's largest global property consultancies, said it has roped in Alex James, a leading capital markets real estate expert, to boost its UAE operations.
James has joined Knight Frank's Capital Ma
Dubai recorded the strongest rate of growth worldwide with prime residential rents rising by 6 per cent in the first three months of the year, followed by Tokyo which saw an increase of 5 per cent, a report said.
In Dubai, prime r
Prime residential prices in Dubai grew by just 1 per cent quarter-on-quarter in the first three months (Q1) of the year, notably weaker when compared to 2013’s average quarterly growth rate of 4 per cent, a report said.
Dubai's hospitality sector registered a 14.2 per cent year-on-year growth in the first nine months of 2013 to hit Dh12.2 billion ($3.32 billion), said a report.
The occupancy rates in its hotel and hotel apartments rose for th
The global house price index has risen for eight consecutive quarters but the rate of price growth slowed in the first three months of 2014.
Although the index saw slower growth in the first quarter of 2014 - rising by 0.6 per cen
Dubai’s office sector made a strong start to the year, with the number of leasing transactions up significantly in both annual and quarterly terms in the first quarter, said a report.
Consistent with Dubai's strong econo