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News related to MiddleEast

Sales and rental markets in Abu Dhabi steady in second quarter of 2014
2014-07-17 11:59:23 [Middle East]
The real estate market in Abu Dhabi has been relatively steady in the second quarter of 2014 with prices and sales seeing little movement, according to the latest residential report from Asteco.Read full article: [Sales and rental markets in Abu Dhabi steady in second quarter of 2014]
 
Prime property price growth slows in Dubai
2014-06-25 09:36:56 [Middle East]
Price growth has decelerated sharply in Dubai with values in the prime residential market increasing by just 1% in the first three months of this year, a new report reveals.Read full article: [Prime property price growth slows in Dubai]
 
Expo 2020 injecting confidence into Dubai’s commercial property markets
2014-05-19 13:37:58 [Middle East]
Occupier demand continues to reflect the confidence injected into Dubai’s commercial property market through the Expo 2020 win and overall increase in economic activity, a new report suggests.Read full article: [Expo 2020 injecting confidence into Dubai’s commercial property markets]
 
Residential rents set to remain high in Dubai despite slowing of growth
2014-05-16 11:05:21 [Middle East]
Average residential rents in Dubai are to remain high despite a slowing in rental value growth, according to the latest report from property firm Cluttons.Read full article: [Residential rents set to remain high in Dubai despite slowing of growth]
 
Property price growth slows slightly in Dubai
2014-04-28 09:21:00 [Middle East]
Property price growth has slowed in Dubai with the latest report showing villa prices up 6% and apartment prices up 3% in the first quarter of 2014.Read full article: [Property price growth slows slightly in Dubai]
 
Rising rents and lack of affordable housing could force people out of Dubai, experts warn
2014-04-21 09:30:44 [Middle East]
Rising rents and a lack of affordable housing in Dubai is starting to cause some concerns according to real estate experts in the emirate.Read full article: [Rising rents and lack of affordable housing could force people out of Dubai, experts warn]
 
Dubai to get mandatory real estate contracts
2014-03-26 17:33:00 [Middle East]
Property contracts in Dubai will become mandatory from 01 May in a bid to clarify the roles of buyers, sellers and brokers, the Dubai Land Department has confirmed.Read full article: [Dubai to get mandatory real estate contracts]
 
Gulf buyers dominating new sales in Dubai’s recovering real estate market
2014-03-04 11:28:07 [Middle East]
Gulf buyers are still the main players in Dubai’s real estate market with the latest figures showing that the largest property purchases are from Qatar, Oman, the United Arab Emirates and Saudi Arabia.Read full article: [Gulf buyers dominating new sales in Dubai’s recovering real estate market]
 
Property prices in Dubai could reach pre crisis levels by end of 2014
2014-02-19 16:07:50 [Middle East]
Residential property prices in Dubai could return to a level last seen at the peak of the emirate’s real estate market in 2008, it is claimed.Read full article: [Property prices in Dubai could reach pre crisis levels by end of 2014]
 
Prime property price growth slowing in Dubai, latest analysis suggests
2014-01-30 10:22:01 [Middle East]
Cooling measures in Dubai have lead to more moderate property price growth in the emirate’s prime real estate market but increases of up to 15% are predicted for 2014.Read full article: [Prime property price growth slowing in Dubai, latest analysis suggests]
 
New rental law sets out higher increases in Dubai
2013-12-24 14:00:47 [Middle East]

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]
 
Property prices in Dubai rising much faster than in Abu Dhabi, latest figures suggest
2013-12-11 16:06:29 [Middle East]
Property prices in Dubai are continuing to rise and the average value of a home is now almost AED2 million higher than prices in neighbouring Abu Dhabi, according to data based on live market statistics from real estate portal property finder.
Read full article: [Property prices in Dubai rising much faster than in Abu Dhabi, latest figures suggest]
 
Improving economy boosting growth in Dubai’s commercial real estate sectors
2013-11-26 09:58:14 [Middle East]
Growth is being recorded across most of Dubai’s key commercial real estate markets as the   emirate’s economy rebounds, creating increased occupier demand.Read full article: [Improving economy boosting growth in Dubai’s commercial real estate sectors]
 
UAE central bank reveals new mortgage rules
2013-11-04 09:13:05 [Middle East]
New lending rules for buying property in Dubai have been issued by the UAE central banks with limits for both nationals and foreign buyers needed a mortgage.Read full article: [UAE central bank reveals new mortgage rules]
 
Nairobi and Dubai lead global prime rental growth, latest index shows
2013-10-14 08:28:02 [Global News]
Prime residential property rents rose by 2.3% on average around the world in the second quarter of 2013, the strongest annual growth for three years, with Dubai and Nairobi leading the way.Read full article: [Nairobi and Dubai lead global prime rental growth, latest index shows]
 
Dubai becomes first property market in the world to adopt new international standards
2013-09-25 14:01:29 [Global News]
Dubai has become the first country to officially support international property measurement standards (IPMS) which aim to stamp out the problems created in the real estate industry by multiple measurement standards.Read full article: [Dubai becomes first property market in the world to adopt new international standards]
 
Real time property price index launched in Dubai
2013-09-11 14:05:54 [Middle East]
The first ever real time guide to property prices in Dubai has been launched for both sales and rentals with the data reflecting actual transactions.Read full article: [Real time property price index launched in Dubai]
 
Govt residency rule boosts real estate rents in Abu Dhabi
2013-09-03 11:52:39 [Middle East]
A government requirement for public sector workers to reside in Abu Dhabi has provided a boost to the capital’s real estate sector with a rise in demand, according to the latest analysis from Middle Eastern property experts Cluttons.Read full article: [Govt residency rule boosts real estate rents in Abu Dhabi]
 
Residential property recovery in Dubai gathering pace, says latest analysis from Cluttons
2013-08-26 11:44:34 [Middle East]
Dubai’s residential property market recovery is gathering pace with Sharjah also benefitting, according to the latest Middle East market outlook from Cluttons.Read full article: [Residential property recovery in Dubai gathering pace, says latest analysis from Cluttons]
 
Dubai residential property market seeing a broad based recovery, new report suggests
2013-07-24 09:29:47 [Middle East]
The residential property market in Dubai is experiencing a broad based recovery with prices and rental values picking up in several locations, according to a new report from Jones Lang LaSalle.Read full article: [Dubai residential property market seeing a broad based recovery, new report suggests]
 
Value of property sales in Dubai up by 30% in first half of 2013
2013-07-19 08:01:51 [Middle East]
Property sales in Dubai have increased in the first six months of 2013 compared with the same period a year ago, according to the latest figures from the Dubai Land Department.Read full article: [Value of property sales in Dubai up by 30% in first half of 2013]
 
Property prices in Dubai soaring in popular locations, latest figures show
2013-07-10 14:20:47 [Middle East]
People living in Dubai could be prices out of the market if the emirate’s residential real estate recovery continues at its present pace, it is suggested.Read full article: [Property prices in Dubai soaring in popular locations, latest figures show]
 
Dubai sees second highest global price increases
2013-06-12 12:07:35 [Middle East]
Property price growth in Dubai is the second highest in the world in recent months, only surpassed by price increases in China.Read full article: [Dubai sees second highest global price increases]
 
Middle East and Asian buyers increasingly seeking new build property investment in London
2013-06-03 09:51:20 [Global News]
New build property in London is proving to be a big attraction for foreign real estate investors with demand increasing from Asia and the Middle East, according to property firm Cluttons.Read full article: [Middle East and Asian buyers increasingly seeking new build property investment in London]
 
Rental growth seen in Sharjah as demand outstrips supply
2013-05-28 13:36:00 [Middle East]
The residential property rental market in Sharjah is strengthening with landlords in the Emirate benefiting from the rising residential rents in Dubai and an influx of people who are being priced out of the market accordingly.
Read full article: [Rental growth seen in Sharjah as demand outstrips supply]
 
Middle East developer begins work on luxury Baghdad tower
2013-05-20 14:55:52 [Middle East]

Middle East developer Damac Properties is to build a luxury tower in the Iraqi capital of Baghdad, signalling a leap forward for the country’s real estate market.
Read full article: [Middle East developer begins work on luxury Baghdad tower]
 
Abu Dhabi residency rules impacting on property market, new report suggests
2013-05-10 14:58:11 [Middle East]

The ruling in Abu Dhabi that government employees must live in the emirate to qualify for housing allowances is starting to have an impact on the local property market, according to a new report.
Read full article: [Abu Dhabi residency rules impacting on property market, new report suggests]
 
Increasing interest in integrated tourism property projects reported in Oman
2013-04-19 09:34:21 [Middle East]

The real estate sector in Oman is being driven forward by increased government spending and increasing interest in integrated tourism developments, a new analysis of the market shows.
Read full article: [Increasing interest in integrated tourism property projects reported in Oman]
 
Dubai property market maturing as more tenants choose to buy, according to consultants
2013-04-05 07:55:43 [Middle East]

There is a growing confidence in the residential sales market in Dubai with tenants increasingly choosing to buy, according to a report from consultants.
Read full article: [Dubai property market maturing as more tenants choose to buy, according to consultants]
 
Property prices and rents increase in Dubai
2013-04-02 15:57:48 [Middle East]

Demand for property in sought after locations in Dubai is increasing and pushing up prices, according to the latest research report from property company Asteco.
Read full article: [Property prices and rents increase in Dubai]
 
China, India and Brazil set to drive forward real estate growth in next decade
2013-03-14 13:32:08 [Global News]

India, China, Asia Pacific, South and Central America, Middle East and Africa and parts of East Europe are set to see the most dynamic growth for construction in 2013, according to the Royal Institution of Chartered Surveyors (RICS).
Read full article: [China, India and Brazil set to drive forward real estate growth in next decade]
 
Living green residential tower could be built in Dubai
2013-03-13 11:28:56 [Middle East]

An idea for a skyscraper covered in trees and plants are to be unveiled later this month in Dubai which would create the impression that residents are surrounded by a forest.
Read full article: [Living green residential tower could be built in Dubai]
 
Saudi property market to be opened up to foreign lenders
2013-03-08 12:34:46 [Middle East]

The residential property market in Saudi Arabia is set to be transformed with the country’s central bank allowing foreign companies to provide mortgages, it is claimed.
Read full article: [Saudi property market to be opened up to foreign lenders]
 
Developers in Dubai announce a rash of new projects
2013-03-07 16:23:20 [Middle East]

In yet another sign that the property market in Dubai is recovering, developer Nakheel has announced it will build 170 new apartments on its flagship Palm Jumeirah project.
Read full article: [Developers in Dubai announce a rash of new projects]
 
New man made island in Dubai will have world’s tallest ferris wheel
2013-02-22 09:15:16 [Middle East]

Plans for a new US$1.6 billion island project featuring the world’s largest ferris wheel at its centre has been approved in Dubai.
Read full article: [New man made island in Dubai will have world’s tallest ferris wheel]
 
Abu Dhabi rental rates coming down as new stocks pushes out older properties
2013-02-19 14:57:12 [Middle East]

Thousands of new homes in Abu Dhabi are bringing down rental rates and the market is set to divide as people seek out newer properties rather than old stock, it is claimed.
Read full article: [Abu Dhabi rental rates coming down as new stocks pushes out older properties]
 
UAE mortgage limits on hold for up to six months, officials confirm
2013-02-05 14:45:54 [Middle East]

Proposals to limit mortgages for foreign buyers in the United Arab Emirates have been put on hold while further discussions get underway.
Read full article: [UAE mortgage limits on hold for up to six months, officials confirm]
 
Real estate industry opinion divided over new mortgage curbs in UEA
2013-01-11 12:38:58 [Middle East]

Opinion is divided over whether the proposal by the UAE Central Bank to cap mortgage lending to expats to 50% of a property’s value will help or hinder Dubai’s recovering real estate market.
Read full article: [Real estate industry opinion divided over new mortgage curbs in UEA]
 
Residential property and sales in Dubai showed a marked improvement in 2012
2012-12-10 14:25:27 [Middle East]

Residential rents have increased in Dubai by an average of 17% in the last 12 months, bringing much needed stability to the market.
Read full article: [Residential property and sales in Dubai showed a marked improvement in 2012]
 
Ritz-Carlton to operate new luxury holiday homes in Israel
2012-11-26 15:48:15 [Middle East]

Luxury holiday homes are being introduced in Israel with the launch of a Ritz-Carlton development in Herzilya near Tel Aviv on the Mediterranean coast.
Read full article: [Ritz-Carlton to operate new luxury holiday homes in Israel]
 
Confidence growing in the property markets in Sharjah, latest report from Cluttons suggests
2012-10-30 09:12:49 [Middle East]

Residential market landlords in Sharjah are once again moving to increase rents and restart stalled projects, indicating confidence in the market place, according to the latest outlook report from Cluttons.
Read full article: [Confidence growing in the property markets in Sharjah, latest report from Cluttons suggests]
 
Property rental values stabilise in Oman, latest real estate report indicates
2012-10-18 12:39:48 [Middle East]

Rental values for residential properties in Oman have stabilised to some degree, save for key popular residential developments which are experiencing some price increases due to a shortage of supply, the latest real estate market report from Cluttons shows.
Read full article: [Property rental values stabilise in Oman, latest real estate report indicates]
 
Cityscape more positive in Dubai as property recovery gets underway
2012-10-05 09:01:25 [Middle East]

The annual Cityscape property expo and event in Dubai is more upbeat this year with developers unveiling billion dollar projects as optimism returns to the emirate’s real estate markets.
Read full article: [Cityscape more positive in Dubai as property recovery gets underway]
 
Property and rent prices set to fall in UAE due to over supply
2012-09-27 09:40:10 [Middle East]

New properties coming on stream are expected to keep house prices and rents in the United Arab Emirates subdued and under pressure, it is claimed.
Read full article: [Property and rent prices set to fall in UAE due to over supply]
 
Online property auction launches in UAE to attract foreign buyers
2012-08-22 10:56:31 [Middle East]

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]
 
UK based RICS working with Israel to improve real estate standards
2012-07-17 15:54:09 [Middle East]

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]
 
New mortgage law approved in Saudi Arabia
2012-07-03 10:48:58 [Middle East]

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]
 
Indian developer announces two new property projects for Dubai
2012-06-19 10:18:51 [Middle East]

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]
 
Kuwait property sales rise by almost 50% as banks demand to be able to offer mortgages
2012-06-08 14:52:16 [Middle East]

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]
 
Dubai’s Princess Tower named as tallest residential building in the world
2012-05-30 09:23:34 [Middle East]

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]
 



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