Having bravely negotiated a rather tough 2016, the UAE real estate sector, spearheaded by its two major markets Dubai and Abu Dhabi, appears well geared to make positive strides this year, said a report.
Despite the effects of glo
The rental market in the UAE’s real estate sector will soften further in 2016 due to the widening gap between the demand and supply ratio, said Chestertons, an international property agency.
The company also stated that deve
The UAE is rising rapidly in the global property industry, with $1 trillion in built assets, which is nearly 48 per cent of the Netherlands ($2.09 trillion) and 122 per cent higher than Singapore ($0.82 trillion).
This was reveale
Real estate in the UAE is becoming more expensive with every passing quarter and the sector continues to show signs of a strong seller’s market, according to a study by Bayut.com.
As the cities grow outwards, secondary areas
The new property mortgage cap by the UAE Central Bank, which came into effect this week, will deliver more stability to the property market but further measures to curb the negative impacts of speculation may be required, said top real estate co
Aldar Properties, the second-largest UAE real estate developer by market value, posted a 66.6 percent rise in second-quarter net profit to 456.8 million dirhams ($124.4 million).
Earnings per share in the first six months of the year were