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25 March 2020

Oman Property Market Report 2019 – 2020 now released

Dubai, United Arab Emirates Cautious real estate recovery in 2019 presented opportunities for buyers, tenants: Oman Property Market Report by Cavendish Maxwell Between December 2018 and 2019, the total expat population in Oman recorded a year-on-year decline of 2.9%, in turn impacting property prices and rents. Oman’s retail sector is currently witnessing the rapid construction of new malls adding further […]
4 March 2020

Why Dubai’s motor racing hub appeals to families, not just petrolheads

Self-contained suburban community offers pedestrian-friendly lifestyle and great prices. Not many neighbourhoods can boast of its own autodrome. At Dubai Motor City, the Dubai Autodrome, in fact, was the reason the community came to life. Completed in 2004, the Autodrome has become synonymous with the mixed-use community and the kind of lifestyle this motoring-themed suburban district has come to be […]
4 March 2020

House-hunters find big homes, bigger price cuts in Dubai Motor City

House prices to remain favourable to homebuyers and tenants this year, say analysts. It is a car aficionado’s dream community, but Dubai Motor City is just as popular among non-motoring enthusiasts judging by the number of families who have put down roots here. The clincher for these residents, according to property analysts, is a combination of price, size and amenities. […]
4 February 2020

UAE’s first WeWork officially opens in Abu Dhabi

Workspace launched as WeWork x Hub71 in Abu Dhabi Global Market Three-floor workspace offers 1,200 desks for members to innovate, collaborate and connect  Shared office space manager WeWork made its debut in the UAE with the official launch of WeWork x Hub71. The three-floor workspace offering 1,200 desks is located in the heart of the capital’s financial centre at Abu Dhabi Global Market. The […]
27 January 2020

2019 Industrial and Logistics Report now released

Dubai, United Arab Emirates Supply continues to outweigh demand, but landlords align price points with occupier budget: Cavendish Maxwell 2019 Industrial and Logistics Report General trading sector remained the most active, accounting for almost 35% of all enquiries Significantly more enquiries for facilities over 100,000 sq ft built-up-area in 2019 Vacancy levels expected to taper off in 2020 as demand […]
21 January 2020

Sharjah registers property transactions worth AED 24.2 billion in 2019

Total of 61,357 transactions recorded, up 13.4% from a year ago Most Sharjah city transactions recorded in Muwaileh Commercial, Al Khan, Al Nahda and Hoshi Sharjah recorded 61,357 real estate transactions in 2019, up 13.4% compared to 2018, according to data from the Sharjah Real Estate Registration Department (SRERD). The value of transactions at AED 24.2 billion also increased 7.3% […]
14 January 2020

2019 UAE Property Market Report now released

Dubai, United Arab Emirates Prices and rents extend decline but select communities buck the trend:Cavendish Maxwell 2019 UAE Property Market Report  Average apartment prices in Dubai declined by 15% between Q4 2018 and Q4 2019 and villa/townhouse prices were lower by 18%.   Total number of transfers in Q4 2019 was 12,444 for both apartments and villas/townhouses with off-plan transfers […]
2 January 2020

Saudi Arabia’s mortgage loans in 2019 up to November reach SAR 69 billion

Housing loans jumped 254% in terms of number and 167% in terms of volume Residential villas received the largest portion of funding at SAR 7.2 billion A total of 155,893 mortgage loans worth SAR 69 billion were offered in Saudi Arabia by all financing institutions in 2019 up to November, figures from the Saudi Arabian Monetary Authority (SAMA) showed. Housing loans […]
26 December 2019

Emaar Properties denies plans to sell observation deck of Burj Khalifa

Filing by Emaar says it plans to raise financing against cashflows of the tourist attraction Earlier report by Reuters said that Standard Chartered had been hired to advise on the sale Emaar Properties has denied reports that it is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a filing by the company […]
24 December 2019

Emaar Properties plans to sell observation deck of Burj Khalifa – Report

Reuters report says the sale could raise up to AED 3.67 billion for Emaar Properties Standard Chartered reportedly hired to advise on the sale Emaar Properties is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a report by Reuters which quoted unnamed sources. According to the report, Emaar had appointed Standard Chartered […]
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