Slowdown hits demand for Dubai offices

Slowdown hits demand for Dubai offices – Cluttons

Lack of rental growth to last for six to nine months, with free zone areas the only bright spot, says report. The...

Abu Dhabi developer Aldar refinances $490m in bank loans

Developer has also seen its corporate credit ratings upgraded by S&P. Aldar Properties, the Abu Dhabi-based developer, has announced the successful refinancing...

Abu Dhabi property yields ‘stable at 5%’ despite flat market

Chestertons report finds yields as high as 8.8%, while rental rates and sales prices register declines. Abu Dhabi property investors are seeing...

Qatar rents ‘fall by 10-20%’ in prime areas

Summer lull and ‘expat exodus’ to blame for decline, while rents hold up in more affordable areas – report. A combination of...

UK property inquiries from GCC ‘up 25% after Brexit’

DTZ reveals 24% fall in cost of buying real estate for overseas buyers thanks to currency moves and price drop – report....

Dubai-listed Damac Properties reports 37% fall in Q2 profits

Second-quarter revenues also dropped by 24% to $462.8m. The Dubai-listed developer Damac Properties has reported a 37% slide in second-quarter profits compared...

Dutch developer plans floating residences in Dubai

New Living on Water says it will generate $100m in sales per year with floating residences. A Dutch developer has said that...

Dubai rent drops spread to non-freehold areas

Drops in rental rates now seen in high-density locations following declines in prime freehold markets, says CBRE. Rental declines are starting to...

Dubai’s Damac plans sale of Akoya land plots, Tower 108 units

Developer plans sales event for $163k Akoya Imagine plots and serviced hotel apartments located in Jumeirah Village Circle. Damac Properties plans a...