The Middle East has become the global hub for luxury property with a high percentage of real estate developers offering off plan sales to international buyers, said a property expert.
"With its extravagant 2020 city plans, UA
Rents in Manama's luxury property sector have fallen by 20 per cent, plunging five times more than Dubai, according to a global report.
The country recorded the biggest decline in prices among 16 key cities surveyed in the Knight Frank
The demand for property in Dubai is rising at a much faster rate than supply, and concern over supply issues has been greatly exaggerated, said an industry expert.
“For the past 12 months Damac Properties has seen prices increase across th