Property investors worldwide have poured in a generous AED 57 billion in emirate’s real estate sector during the first six months of 2016, so naturally everyone was curious about the performance of Dubai’s realty in the following month (July). Property analysts at Bayut observed some interesting trends in UAE’s smartest portal’s database and have developed the following report. Read more
Despite detractors trumpeting about the slowdown in Dubai’s real estate market, project launches in the emirate continue to speak louder than mere claims. The latest project to have been announced in Dubai is by noted realty developer Azizi Developments.
Azizi’s latest project will be built on one of the most exclusive addresses in the world, The Palm Jumeirah, and will cost an upward of $204 million (AED750 million). Read more
Who said Dubai’s real estate market was going slow in 2016? Aziz Developments has just sold 85% of Royal Bay Residence project in Palm Jumeirah and many other developers are planning to launch new projects in the emirate. The truth is, this time around, the market is driven by genuine demand and there are not just investors, but actual buyers planning to become permanent residents of Dubai. After all it’s the shopping capital of the world and the most advanced city in the entire Middle East. Read more
With its opening only a few months away, the Dubai Water Canal is certainly becoming a hotspot for investors looking to get their hands on prime real estate. Spaces along the upcoming icon of Dubai are being acquired at a rapid pace by individual investors and mega developers, making the locality’s worth rise in a short span of time. Read more
Residential rents in Dubai have seen adjustments over the last few months, becoming more and more affordable for tenants. Many in the industry opine that the rents have bottomed out and the market will see a reversal in rental trends in the coming months. While the rent debate continues, there are still parts of Dubai that are witnessing increases in rental values, a certain welcome news for investors. Read more
Aiming to benefit from the growing prosperity of UAE’s capital, people from around the world travel to Abu Dhabi in pursuit of better jobs and quality lifestyle. If you are among the many new entrants looking to rent spaces in Abu Dhabi’s most in-demand areas, here is a comprehensive report revealing popular renting localities during July 2016. Read more
One of our blog’s upcoming features are exclusive ‘House of the Week’ articles that will focus on our website’s finest listings. These short pieces will aim to bring you closer to your next property, or at least offer you some weekly inspiration. This is why we went to Olga from one of our favourite agencies Engel and Völkers who have been in the business of high-end real estate for over 30 years. E&V operate on five continents around the globe and their Dubai office is particularly packed with high-end real estate files. Read more
Deira Islands, a collection of man-made islands currently under development by Nakheel Properties, are all set to welcome a new development guaranteed to delight fun seekers in Dubai. The world’s shopping capital hosts millions of tourists each year, encouraging more and more property developers to focus on tourism and hospitality offerings. Read more
With affordability in Dubai’s rental market becoming all the more common, the ongoing year has left prospective tenants much spoiled for choice. While many on the lookout for rental accommodations are finding larger spaces now within their budgets, there remains a segment that still hunts for properties that can be rented for the lowest cost. Read more
With much of the summer behind us, real estate activity in the UAE capital is starting to pick up.