Run up to 2020: How Dubai is evolving

The general perception among travelers and tourists about Dubai is that it is always undergoing some sort of change on any given day of the year. To think about it, this belief does carry some weight. The most common sight in Dubai nowadays is that of high rise buildings and heavy construction machinery as the […]

UAE property market is changing: here’s what you need to know

New research from Allsopp & Allsopp, Dubai-based residential real-estate firm, has revealed landlords are now much more confident accepting four or more rent cheques a year rather than one. As of May 2017, some 33 per cent of tenants who found their properties through Allsopp & Allsopp are covering their rental leases in four cheques. […]

Revealed: Top 5 strongest UAE real estate brands

Leading developer Emaar Properties is the strongest real estate brand in the UAE, according to the first-ever global brand health rankings released by YouGov BrandIndex. Data from daily interviews, conducted among UAE consumers over the past 12 months using YouGov’s brand tracking tool, shows Emaar is the leading brand in its industry by some margin, […]

Emaar Properties H1 net profit climbs 15 per cent

Dubai’s Emaar Properties has reported a 15 per cent growth in net profit to hit AED2.837 billion during the first six months of 2017, compared to AED2.475bn during the same period last year. Revenue for the first half of the year rose to AED7.866bn, an increase of eight per cent over H1 2016 revenue of […]

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?

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’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

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 […]