The residential market in Dubai is heading towards a soft landing following a period of restraint in the wake of oil price volatility and negative investor sentiment, said a report by global property expert Knight Frank.
Dubai's residential market witnessed a mixed performance in August, said a report by ValuStrat, a leading consulting firm headquartered in Dubai providing advisory, valuation, research, due diligence and divestment services.
The residential market in Riyadh and Jeddah softened over the first quarter with the sales and rental rates predominantly reporting marginal decreases both through quarter-on-quarter and year-on-year indicators across the villa and apartment seg
The activity in the residential market in Kuwait picked up in May following a lull during the previous month with the sector netting a sales of KD112.8 million ($373 million), up 88 per cent over April sales, said a report.
The residential market in Qatar showed signs of softening during the fourth quarter of 2015 due to falling oil prices and, yet, maintained high levels of demand due to the country’s strong population growth.
The residential property market in Saudi Arabia remained resilient despite pressure from lower oil prices and and reduced government spending, said a report.
The kingdom's prime markets were doing fine with capital Riyadh main
The real estate sector in Dubai, UAE, ended 2014 on a quiet note as nearly all segments of the market - office, residential, retail and hotel sectors - witnessed subdued growth levels in the fourth quarter, said a report.
The residential property market in Cairo, Egypt, showed signs of strengthening in the second quarter of 2014 due to the new projects that had been announced recently, said a report.
The apartment and villa sale prices in the Egypt
With freehold transactions falling by almost one third in total during the third quarter of the year, Dubai’s off-plan residential sales market is still buoyant and continues to attract regional and international investors, a report said.
The awarding of the Expo 2020 to Dubai in November capped a year of extraordinary growth in the emirate’s real estate market, with the residential market expanding rapidly, recording its strongest growth in five years, said a report.