Middle East and Africa Residential
Real Estate News

Abu Dhabi Residential Property Market Continues to Soften

Abu Dhabi Residential Property Market Continues to Soften

According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends. Read More »


Trump Election Victory Creating Property Market Uncertainty in Middle East

Trump Election Victory Creating Property Market Uncertainty in Middle East

The recent election of Donald Trump as the 45th president of the United States of America is set to cause further uncertainty for the Middle East's real estate market, at least in the short term. Read More »

Rate of Residential Price Declines in Dubai to Moderate in 2017

Rate of Residential Price Declines in Dubai to Moderate in 2017

Dubai's average residential property value is down 7.4% during the past twelve months, but rate of decline is expected to slow heading into 2017 before reaching a new base towards the end of next year. Read More »

Abu Dhabi's Yas Acres Project Commences Construction

Abu Dhabi's Yas Acres Project Commences Construction

Abu Dhabi's largest property developer announced this week that it has awarded the early works package, valued at AED 155 million ($42m USD), for its flagship golf and waterfront development Read More »


Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated December 5, 2016 12:11 PM ET

Middle East and Africa Residential News

UAE property portal Bayut.com is reporting this week that affordability remained the center of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai.

According to international real estate consultant Cluttons, Gulf Cooperation Council (GCC-based) high net worth individuals are set to continue investing in global real estate for the remainder of the year.

A recent decision by the Bahraini government to allow foreign investors 100% ownership in various sectors of the market is likely to have a positive long term impact.

Global real estate consultancy Cluttons has launched The Next Big Thing, an international competition which invites entrants from the UAE to outline a concept which will help to turn the world's 'slums' into legitimate, sanitary and productive communities.

Abu Dhabi's largest property developer - Aldar Properties - is reporting this week that work is progressing across all aspects of the development West Yas, Aldar's first villa community on Yas Island.

According to UAE property portal Bayut, moving further away from previous year's dormant second half, UAE's real estate market remained stable in the first quarter of 2016.

According real estate consultancy Cluttons, Dubai, Abu Dhabi and Sharjah have emerged as the region's most popular investment destinations amongst GCC High Net Worth Individuals.

Yas Island is steadily evolving from being a pure entertainment and leisure destination into a destination for living.

Despite global economic volatility over the past year, investment appetite among UAE High Net Worth Individuals (HNWI) does not appear to be dented.

Dubai-based property portal Bayut.com is reporting that 2015 proved to be a year of recalibration for UAE's real estate sector.

According to international real estate consultancy Cluttons, Sharjah's residential property market is starting to show signs of softening at the end of 2015.

The lack of affordable housing in Abu Dhabi provides a major opportunity for developers to fill the gap with 'genuine affordable' housing.

According to the Dubai-based real estate company Luxhabitat, the total value of villa transactions are valued at AED 938 million for 61 villas sold between January and October 2015.

According to Cluttons, home price growth in Dubai appears to be slowing, with a bottoming out in the market likely to happen at the tail end of 2016.

According to international property consultant Cluttons, after five consecutive quarters of stability in the residential lettings market, rents across Muscat dipped slightly during Q3 2015.

UAE-based Cityscape Global 2015 event eased many Middle East property investor concerns, and cleared speculative clouds of a purported property demand slowdown in Dubai.

The average rent in Bahrain's prime residential areas dipped by a marginal 0.1% during Q3 2015, after growing for three consecutive quarters.

With a 54% decline in oil prices during the past 12 months, UAE real estate market is beginning to feel the effect with property transaction levels falling.


Page
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO