The office market in Dubai, UAE, continues to see strong demand for good quality, efficient, and well located accommodations, resulting in declining vacancy rates in key sub-markets, according to global real estate consultancy firm CBRE.
Following a period of strong growth, the office property market in Dubai, UAE, is showing signs of stabilising, with average rents remaining virtually unchanged across all the city’s major submarkets and free zones, said a report.
Higher levels of demand for office properties in Riyadh and Jeddah in Saudi Arabia during the first half (H1) of the year were offset by new office completions, leading to stable vacancy rates over the period, a report said.
The retail sector in Bahrain continues to thrive with newly delivered and upcoming developments announced in the past year, including destination malls such as The Avenues opposite to the Bahrain Bay on Manama Corniche and Seef Mall Muharraq whi
The retail sector in Bahrain continues to thrive with newly delivered and upcoming developments announced in the past year, including destination malls such as The Avenues under construction opposite the Bahrain Bay on Manama Corniche and Seef M
The ongoing drive for economic diversification in the UAE capital Abu Dhabi is helping to underpin growth in the emirate’s property market despite a backdrop of low oil prices, according to a report.
In the residential marke
The third quarter of the year saw increased confidence in Cairo’s real estate market against an improving economic backdrop, and demand remained relatively active across all segments, a report said.
Developers are moving for
The UAE’s property market experienced improved stability during the first six months (H1) of 2014, with the rate of expansion steadying and the slowing down of growth in residential rents and values in Abu Dhabi, Dubai and Sharjah, a repor
The real estate market in Abu Dhabi is stabilizing after six months of rising values, which resulted in yields being eroded, lower loan to value ratios and limited availability of quality apartments, a report said.
As a significant volume of new prime office space starts to enter the Riyadh market and the occupancy rate starts to rise, rental rates have started to edge downwards and incentives have started to become more widespread, a report said.