Office tenants, landlords navigate a slow market

Office tenants, landlords navigate a slow market

Dubai rent rates may remain flat in the second half, but better than the previous year Following the subdued results at the start of the year, Dubai’s office sector continued to display little momentum in the second quarter, in the midst of bearish market sentiment, low oil prices and regional uncertainties. “Although quoted rental rates […]

Falling Dubai rents hurt landlords’ profits?

Falling Dubai rents hurt landlords’ profits?

With rents still falling, landlords’ investment returns could be feeling some kind of pressure The days of making a quick buck from Dubai’s buy-to-let market are gone, with landlords now feeling the pressure from rental declines. A new research by Propertyfinder Group indicates that a number of property owners are seeing a slight slump in […]

Dubai Sees Spike in Real Estate Deals

Dubai Sees Spike in Real Estate Deals

Dubai’s real estate market logged a nearly 17% increase in transaction volume in the first six months of 2017 compared to the same period last year—driven by strong activity in posh neighborhoods like the Palm Jumeirah, Burj Khalifa and Dubai Marina. Real estate transactions, which the government defines as both property sales, mortgages generated and […]

Missing analysts’ estimates Damac reports 21 per cent plunge in second quarter profit

Missing analysts’ estimates Damac reports 21 per cent plunge in second quarter profit

Damac Properties, the Dubai-based real estate developer and business partner of US President Donald Trump in the emirate, said second quarter net profit fell 21 per cent, missing analysts’ expectations, on the back of a slowing property market. Net profit fell to Dh704.8 million the three months ended June compared to Dh886.8 m in the same period last year. Revenues fell 11 per cent to Dh1.57b […]

Dubai a ‘rising giant’ of hotel real estate

Dubai a ‘rising giant’ of hotel real estate

Dubai ranks alongside Beijing, Shanghai, Bangkok and Guangzhou as a rising giant of the global hotel real estate sector, according to a new report from professional services firm JLL. The report — The Changing Global Landscape of Hospitality — identifies five groups of major markets offering different risks and opportunities for hotel investors and operators. […]

Dubai billionaire seeks to sell Trump-branded villas abroad

Dubai billionaire seeks to sell Trump-branded villas abroad

During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization mingled with government dignitaries, receiving a presidential reception and visiting the glittering Mediterranean Sea. Hussain Sajwani met with leaders in the two European nations and addressed local journalists, many of whom referred to his ties to President Donald […]

No slowdown in Dubai property market

No slowdown in Dubai property market

Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any slowdown in the local property market, citing a strong regulatory framework that continues to instill confidence […]

Gulf real estate firms bullish on growth

Gulf real estate firms bullish on growth

Real estate professionals in the Gulf have a bullish outlook on growth for their sector, notwithstanding a strong dollar, low oil prices and economic headwinds. Over half of 300 firms surveyed at the recent Gulf Real Estate Awards predicted considerable growth over the next 12 months. On average, 32 per cent of those surveyed expected […]

What to watch out while refinancing your mortgage in the UAE

What to watch out while refinancing your mortgage in the UAE

Have you ever felt the need to change your mortgage lender, knowing there may be better, more affordable mortgage options out there with better terms? This inclination is only natural when you believe now is as good a time as any to refinance your current mortgage. There are numerous benefits to be had through a […]