The residential market in Dubai ended 2013 on a strong note, with prices increasing 22 per cent year-on-year on average and rents registering a 17 per cent growth, said a report.
The recovery has been broad-based and evident in pr
Dubai property sales and rental prices registered solid growth over the past 12 months and is poised for further rise, but the prices are unlikely to hit the 2008 peaks in short to mid-term, said a report.
The rentals are lagging
The residential property prices in Dubai housing market posted solid growth in August rising by 4.8 points, thus registering a 17.9 per cent year-on-year increase, said a report.
The apartment sales prices in the emirate soared 2.
The prime residential market in Dubai has registered strong growth in 2013 with the rents up 15 per cent year-on-year to June 2013 as an increasing number of corporate tenants entered the markets, said a report.
The sector witness
Dubai's prime property sector is set for a strong 2014 following a vibrant 2013, according to top ratings agency Fitch.
Notwithstanding the positive trend, uncertainty remains a concern for the real estate sector in general as sever
There continues to be a distinction between high grade and low grade products within Abu Dhabi’s property sector, with market recovery occurring for prime real estate as performance of lower grade stock continues to decline, a report said.
Dubai-based Emaar Properties has sold one of its prime office buildings near Burj Khalifa, world's tallest tower, for Dh331.6 million ($90.2 million) to an undisclosed buyer, said a report.
The company disposed off the building, known
Leo Sterling, a leading property portfolio manager in the UAE, has prepared a new range of prime investment offerings in the London property market, particularly those catering to investors from the Middle East.
The offering comes from rec