Sunday 13 July 2014
 
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rental

Dubai property transactions up 38pc

The number of real estate transactions in Dubai surged 38 per cent to Dh61 billion ($16.6 billion) in the first quarter compared to Dh44 billion registered in the same period last year, said a report. A total of 15,694 real estate

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Hertz opens new branch in Ras Al Khaimah

Hertz, a leading car rental company, has opened a new car rental location in Ras Al Khaimah, aimed at capitalising on the increasing number of tourists to the emirate.   The new Hertz UAE branch is inside Al Hamr

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Dubai tops in property rental yield

The gross rental yield in Dubai stands at 6.63 per cent per annum, according to a new report. The index of Dubai’s residential real estate rose by 13.46 per cent in 2013, against a decline of 1.8 per cent in 2011, stated the

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Thrifty opens new car rental outlets in UAE

Thrifty Car Rental, a franchisee of the Dollar Thrifty Automotive Group, has opened new retail locations in the Fujairah City Centre and the Mercato Mall, Dubai With its 44th and 45th locations nationwide open, the car rental comp

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Travelauto platform wins good response

Travelauto, a leading travel and transport provider, said it has been getting a large number of registrations from service providers from across the world, on the release of its marketing and sales platform recently. The car renta

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Seef Properties net surges 56pc to $15m

Bahrain-based Seef Properties yesterday posted a substantial net profit of BD5.96 million ($15.58 million) for the first nine months of the year, a 56 per cent rise on the BD3.82 million for the same period last year. The company&

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Damac offers 24pc rental return guarantee

Dubai-based Damac Properties, in its latest initiative aimed at boosting property sales, is offering a 24 per cent rental return guarantee on all units purchased within its Burjside Terrace serviced apartment development. The Burjside Terr

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N Emirates property market 'remains stagnant'

The apartment and villa rental rates remained broadly unchanged in the fourth quarter of 2011 with limited transaction activity set to continue, according to leading property consultancy Asteco. Asteco in its Q4 2011 report said the rates

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Bahrain rents, sale prices continue to fall

The downward trend office rents as well as sales prices for both villas and apartments, experienced since the middle of 2008 in Bahrain has continued over the last six months, said a report. Overall, average asking prices for property fell

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Seef Properties Q1 net profit hits $3.7 million

Seef Properties has posted a significant profit of BD1.38 million ($3.66 million) for the first quarter of the year and said it was focusing on attracting shoppers back to its malls. Total assets also showed an increase, reaching BD116 mil

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