Monday 29 May 2017
 
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tenants

Residential tenants witness ‘Golden Age’ in Bahrain

Weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry, according to leading real estate consultancy Cluttons.

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Dubai 'recovery may dent tenant's bargaining power'

Residential tenants in the UAE have benefitted from falling rents and a growing willingness by landlords to accept multiple cheques in recent years, but an expected real estate recovery – at least in Dubai – could again spur property

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Abu Dhabi levies new fee on expat tenants

Abu Dhabi’s Department of Municipal Affairs and Transport has imposed a new municipality fee (equivalent to three per cent of the annual rent) on expatriates renting homes in the emirate as it seeks to boost state revenues amid low oil pri

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UAE's mixed-use project welcomes first tenants

Al Forsan Real Estate, a leading UAE-based developer, has welcomed the first group of tenants to its health focused mixed-use development ‘Al Forsan Village’ in the capital Abu Dhabi. Located in the heart of Kha

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Tenants emerge winners in Sharjah as rents stabilise

The stability in rents across the residential property market in Sharjah, UAE, has moved tenants firmly into the driving seat, with many now using the weaker demand as an opportunity to negotiate for little or no increase in rents at renewal, sa

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Bahrain homes to feature facilities for disabled tenants

All new government homes in Bahrain could soon be specially equipped to cater to the needs of disabled tenants. The Housing Ministry would have to instal special toilets, kitchens, doorknobs, lighting and other facilities dependin

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Abu Dhabi property market ‘favouring buyers’

Significant increases in supply across all sectors during a time of relatively weak demand and tight economic conditions are causing rents to correct from the unsustainable highs of the boom years, according to Abu Dhabi Real Estate Market Overv

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$2.7m package for Seef Mall tenants

Seef Properties has announced a BD1 million ($2.7 million) relief package for tenants at Seef Mall in light of recent events which have impacted shopping activity across all shopping centres in Bahrain. The relief package is designed to pr

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ADCP issues fire blankets to tenants

Abu Dhabi Commercial Properties (ADCP), a leading real estate management company in the UAE, has launched a new initiative across its managed portfolio in which it will issue fire blankets to all its tenants. The fire blankets will be issu

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New laws on way to protect Bahrain tenants

A new unified lease law to protect tenants and landlords could be soon implemented in Bahrain, if a Shura Council bill goes ahead. Tenancy terms vary around the country and the new bill would ensure they all follow the same basic rules.

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