Despite the on-going drive for economic diversification in Abu Dhabi, the office market is yet to see any benefit, with weak, but stable demand levels leading to a stagnation in commercial rents, a report said.
With mixed availabi
Increased consumer confidence and demand for office space in the first three months of the year will encourage previously stalled developments to restart in Dubai, a report said.
Despite predictions of price rises, Dubai’s o
The residential villa market in Dubai experienced positive rental rate growth for the first time since 2008/2009, with average lease rates increasing by 3 per cent in Q1 this year from the previous quarter, a report said.
The economic growth in Abu Dhabi offers encouraging outlook for real estate sector as more than 23,000 residential units and 600,000 sqm of office space are set for delivery this year.
Sound economic fundamentals, a solid fiscal stance and
One-third of firms taking part in a recent survey said the biggest obstacle to overseas expansion is the challenge of setting up a physical presence in a foreign country.
Sixty-three per cent of companies also said that property commitment
Maximizing office space now tops the agenda of many of the regional multinational companies in the Gulf despite the softening of office rents, according to Dubai-based interior architect Pringle Brandon.
Trends towards increasing the
Realty Capital has completed construction work on its centrepiece 'i-Rise' business tower project in Tecom Site C.
The developer has revealed that a number of high-profile tenants have already started fit-out works in their respect
Enquiries for leasing office space in Dubai were up 20 per cent in the first two months of 2011, according to the latest figures released from UAE-based property management company Asteco.
The rise is being driven by a number of facto
CB Richard Ellis, (CBRE), the world’s largest commercial real estate services firm, has been appointed as exclusive agents for Capital Plus Tower in Bahrain’s premiere business district, Seef.
The property, which houses 10,000 square meter
The proportion of firms intending to hire more working mothers has slumped by one fifth since the same time last year, said a new report.
Compared to a year ago, when 44 per cent of companies planned to hire working mothers, only 36 per ce