Recent events in the Abu Dhabi real estate market have turned the industry sentiment in favor of tenants residing in or heading to the UAE capital. To the joy of renters, average apartment rents in the emirate dropped by 1% in November 2016 when seen against both the month of October and the third quarter of the year 2016. Category wise, there was a MoM drop of 7% in the average rent of studio units in the emirate, 1-bed unit rent decreased by 2%, 2-bed and 3-bed apartments by a 3% and rental price of 4+ bed units dropped by 7%.
Also, an announcement by Abu Dhabi government regarding a reintroduction of the rental increase cap, set at 5%, added to the lessees’ joy. So with rental rates down and protection of the rental increase cap, it’s not hard to be tempted into an apartment upgrade. Check out Bayut.com’s list of popular rental localities of November 2016 to make up your mind for certain. Read more
In a city where superlatives like ‘tallest’, ‘biggest’, ‘largest’ and ‘most expensive’ are norms, a developer has come up with a novel residence concept that is set to be welcomed by residents of Dubai. MAG Property Development (MAG PD), an established name in the UAE real estate market, has teamed up with New York-based international consultancy Delos Signature to offer a residential community focused on the general wellness of inhabitants. Read more
To a great delight of people looking for rental residential spaces in the UAE capital Abu Dhabi, the emirate’s government has reintroduced the annual rental cap after a hiatus of three years. On Tuesday, the Department of Municipal Affairs and Transport announced the re-introduction of a 5% rental increase ceiling for landlords in a move expected to keep rents in the emirate under control. Read more
As the year 2016 draws to a close and Dubai moves closer to Expo 2020, the real estate market in the emirate is readying for an era of heightened activity in both the commercial and residential segments. Several developers have begun work on mega projects in order to deliver them in time for the emirate to house the 25 million visitors expected to head to Dubai over the course of the six-month event.
While new localities and projects coming up in the future will certainly shift the preferences of tenants, Bayut is glad to report the localities that are currently most popular with tenants looking for rental apartments in Dubai. Read more
Real estate brokers must now have written permission (From A) from an owner to market a property
The government of Dubai is always making efforts to improve the quality of life of its citizens and regularly updates laws and regulations to put the planned improvements into practice. The real estate sector has always been subject to a special focus by the emirate’s authorities and the attention has helped the industry steer clear of catastrophes time and again. Read more
At Aston Pearl, providing a service to our clients is not a job but a passion that we have become accustomed to love
Dubai is a competitive global arena that demands the highest standard of quality from service providers. As clients have become rather accustomed to only getting the best of everything there is, it is no surprise they seek nothing short of exceptional service when they foray into the emirate’s real estate sector. And while there are many who claim to be the best in the business, only a few actually live up to the assertions. Read more
On Thursday, November 24th, Bayut hosted the knockout finale of their Football Tournament also known as the ‘Clash of the Real Estate Titans’. It was a very entertaining event that culminated in some of the biggest rivals in the real estate market battling it out for the one-of-a-kind Bayut trophy. Here’s how it all went down in 10 images.
UAE-based real estate developer Azizi Developments has announced the launch of its 15th project in Al Furjan district of Dubai. The project is named Azizi Farishta and features 137 studios, 124 one-bedroom
Last Thursday, 17th November, was one of those glorious November days in trusted online pharmacy Dubai, the sun shining bright and the temperature set at a perfect 31°C. Real estate agents from Dubai’s top agencies arrived at Sportsmania JLT, ready to compete against some of their biggest rivals. There was palpable excitement in the air as the teams went out into the field proudly wearing their agency’s logos. Read more