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Dubai: Rents in some of Dubai’s busiest residential clusters are under intense pressure, with some landlords willing to cut their demand by 5-7 per cent. For tenants, the best way to access lower rents is seek out locations that have seen more new supply getting delivered or buildings with higher than average vacancy levels.  ...
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A look into the international real estate markets reveals that over the years there has been yield compression. In the United States from the 1960’s yields have declined by 29%, whereas in the Hong Kong from 1999 yields have compressed by 34%. This secular decline (over a longer period of time for the US) reflect...
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Best off-plan projects in Business Bay
Business Bay, situated in the heart of Dubai, is considered as one of the most diverse places in the world to own a property in. Being the concrete jungle of Dubai, it is the corporate hub to international companies as well as home to common people. Business Bay is one of the most popular areas...
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Dubai’s residential, commercial and entertainment district Business Bay has been ranked fifth in the 10 “coolest neighbourhoods to visit right now” list by leading travel guide Lonely Planet. The multi-purpose area by key developer Dubai Properties came ahead of the likes of Sunset Park, New York City and Botafogo, Rio de Janeiro. Business Bay, which...
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Dubai’s property market is establishing and is on track to “bottom out” before the end of 2017, a new report by real estate consultancy Cluttons has found. While prices in the residential market continued to drop in the first quarter of the year, the rate of decline fell from last year. Average residential prices fell...
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The country is also ranked the most safest country in the Gulf region. The UAE is the second safest country in the world behind only Finland, according to a report from the World Economic Forum (WEF). “It is also one of the most secure destinations (2nd), and has a well-developed hospitality and entertainment infrastructure (27th),”...
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Investors who are buying property near the Expo will receive a high return on investment. Here are a few reasons for investors to consider committing to the Dubai real estate sector: Expo 2020 is coming to Dubai Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors...
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Dubai Property transactions
Real estate transactions in Dubai, UAE during the first half (H1) the year reached a value of Dh132 billion ($36 billion), achieved through 35,571 sales, mortgages and other transactions, according to figures released by Dubai Land Department (DLD). DLD’s H1 2017 Transactions Report reveals that the market has achieved a high percentage of growth compared...
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On the surface, Dubai is plowing ahead with the kind of ambitious, eye-catching projects that turned the sheikhdom into the Persian Gulf’s business hub and playground. At the tip of its palm-shaped island, a swimming pool suspended between two towers will hover 170 meters (560 feet) above the ground. Closer to the city center, “water...
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