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Lower government spending, job cuts and reduced housing allowances have helped steepen declines in property rents and sales prices in Abu Dhabi, analysts said ahead of the capital's Cityscape real estate exhibition which opens this week.
Zawya • 2017-04-19
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Businesses in Dubai are attempting to renegotiate their commercial lease terms in anticipation of a rent spike following the introduction of value-added tax (VAT) in the Gulf Arab region next year.
Zawya • 2017-04-09
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3,100 units delivered in Q1 2017 - phasing of deliveries abates oversupply concerns Contraction in demand from regional and international buyers. Low to mid-segments mark a gradual recovery while prime continues to lag.
Press Release • 2017-04-05
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As one of the most penetrated retail markets in the region, Dubai, despite its modest population has the 2nd highest mall density in the world of 1,214 GLA sqm/1,000 people.
Press Release • 2017-03-06
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UAE developer Meraas held an exclusive preview of its stunning new residences at Bluewaters, a vibrant cosmopolitan island that will also be home to Ain Dubai, the world’s largest observation wheel.
Trade Arabia • 2017-02-28
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Dubai Land Department (DLD) has issued a new set of rules governing how brokers can sell overseas properties in the emirate in a bid to prevent potential investors from being ripped off.
The National • 2017-02-21
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Meraas has appointed CORE as the exclusive agent for the sale of luxury residences at its waterfront destination Bluewaters, a vibrant cosmopolitan island that will also be home to Ain Dubai, the world’s largest observation wheel.
Press Release • 2017-02-16
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The credit rating agency Standard & Poor’s has said that it expects house prices and rents in Dubai to continue to fall throughout 2017 because of the continued fallout from low oil prices and currency woes.
The National • 2017-02-16
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Sales prices to contract particularly in H1 2017 Rental and sales values to revive slowly, expected recovery in the next 12-24 months.
Press Release • 2017-02-01
News • UAE • Office • Economy • Workplace
In the wake of continued contraction in demand anticipated over the next few quarters, Grade A and B office rents in Abu Dhabi are expected to fall by at least 10%-15%, a magnitude similar to 2016 rental drops.
Press Release • 2017-02-01
