Residential rents in Dubai look set to increase in 2014 with new laws giving landlords the right to increase rents by up to 20% in some circumstances.Read full article: [New rental law sets out higher increases in Dubai]
Real estate consultants Asteco Property Management is to launch an online property auction website in a bid to lure more international investors to the United Arab Emirates.Read full article: [Online property auction launches in UAE to attract foreign buyers]
The UK based Royal Institution of Chartered Surveyors, the mark of property professionalism worldwide, is working to introduce international standards, transparency and consumers’ confidence to the Israeli property market.Read full article: [UK based RICS working with Israel to improve real estate standards]
Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom for the first time, the state news agency has confirmed.Read full article: [New mortgage law approved in Saudi Arabia]
The decision by India based developer Pacific Ventures to launch two new real estate projects in Jumeirah Village in Dubai is yet another sign that confidence is returning to the emirate’s real estate market.Read full article: [Indian developer announces two new property projects for Dubai]
The value of real estate transactions in Kuwait rose by nearly half, year on year in the first three months of 2012, according to a report from Kuwait International Bank (KIB).Read full article: [Kuwait property sales rise by almost 50% as banks demand to be able to offer mortgages]
Princess Tower in Dubai has been confirmed by Guinness World Records as the tallest residential building in the world.Read full article: [Dubai’s Princess Tower named as tallest residential building in the world]
The price of villas in Dubai increased by 3% in the first quarter of 2012, in a sign that the emirate’s beleaguered real estate market is back on track.Read full article: [Residential property prices up in Dubai in the first quarter of 2012]
Dubai property investors are set to get a full refund if developers default on handover under a proposed new Investor Protection Law that could be in force by the end of June 2012.
The commercial property sector in Oman has seen some significant developments, particularly in the retail market, according to the Oman quarter one 2012 report from Cluttons which has been operating in the sultanate for 25 years.
The office property sector in Dubai remains highly competitive due to the high levels of supply in the Emirate, touching on 60million square foot, with an additional 10 million anticipated by the end of the 2012, according to the latest analysis report from Cluttons.
There has been an upturn in the number of new expats settling in Bahrain, specifically in the oil and gas industry, which has resulted in companies taking on multiple villas and driving down prices, according to the latest real estate report from Cluttons.Read full article: [Unrest in Bahrain keeping the real estate market subdued in certain locations, it is suggested]