Friday 19 December 2014
 
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Knight Frank

Jafza asset value ‘over $4.5 billion’

Jebel Ali Free Zone (Jafza) in Dubai, UAE, represents the largest valuation ever undertaken by Knight Frank globally of a single asset having a value of over $4.5 billion, the real estate consultancy said. The valuation of the fla

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House prices soar in Riyadh despite new supply

The residential prices in Riyadh, Saudi Arabia, have risen by five to seven per cent in the past year and are expected to continue to move in an upward direction in the short- to medium-term, with new supply unlikely to be able to fully o

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Knight Frank brokers penthouse in tallest twisted tower

Knight Frank, a global property consultancy, has announced the release of the penthouse in the world’s tallest twisted skyscraper situated in a key location at the heart of Dubai Marina. Designed by world-renowned Skidmore O

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Dubai prime office rents jump 23pc in Q3

With the level of new supply of office space remaining low, prime rents in Dubai were up 23 per cent in the third quarter (Q3) of the year compared to the corresponding period of 2013, a report said. Although new enquiries for off

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Collectibles investment ‘can better normal assets’

Collectable investments of passion can still outperform more mainstream asset classes, according to the latest results from the Knight Frank Luxury Investment Index (KFLII), which rose by six per cent over the 12 months to June. T

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Abu Dhabi core office rents continue slide

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. This ou

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Dubai luxury home prices growth tops global average

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.

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Dubai industrial rents continue to recover in H1

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

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Oversupply weighs on Bahrain’s office market

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

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Knight Frank makes key UAE appointment

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

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