Average apartment rents in Abu Dhabi fell by seven per cent in 2016 while villa rental rates dropped 10 per cent amid continuing low economic growth, job losses and cost-cutting measures, according to the Abu Dhabi Residential Market Update Year
The pressure is mounting on landlords across Dubai as budget-conscious tenants continue to place emphasis on downgrading to smaller units or relocating to cheaper communities to get better value for money, said a report.
Damac Properties, a leading luxury real estate developer, has launched Akoya Relax, a villa community within the refreshing green spaces of Akoya Oxygen in Dubai, UAE, with a special introductory offer.
Located in the welcoming in
Abu Dhabi General Services Company (Musanada) has launched Packages 3 and 4 of infrastructure works at the Emirati neighbourhood in Madinat Zayed area of the UAE capital, said a report.
The move comes as part of Musanada’s e
The apartment and villa prices fell marginally (under one per cent on average) in the prime UAE markets of Dubai and Abu Dhabi with 12-month declines of six per cent and four per cent respectively, said a report.
The average rents
Staff from the Jumeira Rotana, Rihab Rotana and Villa Rotana took part in an ocean clean up drive as part of World Oceans Day celebrations.
Working in partnership with Dubai Municipality, Emirates Marine Environmental Group and th
Dubco Construction, a leading builder in Dubai, UAE, has been awarded a Dh195-million ($53 million) contract for construction and maintenance of a residential complex in Al Quoz area of the emirate.
The 900,600-sq-m residential project
Dubai-based Green Valley International Real Estate, a leading real estate company, has announced the launch of an iconic project in Marrakech, Morocco, worth Dh500 million ($136 million) and featuring around 350 villas extending over 410,000 sq
The world’s most elite travellers have a new secret hideaway to call home in Dubai, with the launch of Per Aquum Desert Palm’s Layali.
The just-unveiled villa, designed by Isabelle Miaja, takes Arabian luxury into stri
UAE-based Aldar Properties has announced the launch of a golf and waterfront development which will be developed at a cost of Dh6 billion ($1.63 billion) at Yas Island. Yas Acres will be its largest project till date, says the developer.