The impact of the softening global economy continues to hamper the UAE's office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates.
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years
According to analysts at the recent Dubai Property Show London 2016, British citizens have emerged as the second largest investors in Dubai real estate.
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.
Increased geopolitical unrest and low oil prices are having an effect on the UK, driving private Middle Eastern investors towards London-based property assets.
Abu Dhabi-based Aldar Properties announced this week that since the opening of Yas Mall in November of 2014, they have welcomed over twenty million people; eighteen million of whom visited in 2015.
This week the Council on Tall Buildings and Urban Habitat (CTBUH) has announced that there are now officially 100 supertall (300-plus-meter) skyscrapers in the world following the completion of 432 Park Avenue in New York City.
Dubai-based property portal Bayut.com is reporting that 2015 proved to be a year of recalibration for UAE's real estate sector.
This week the Council on Tall Buildings and Urban Habitat (CTBUH) Awards Jury selected Bosco Verticale in Milan, Italy as the "2015 Best Tall Building Worldwide".
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.
According to UAE property portal Bayut.com, July 2015 saw the Dubai real estate market continuing with price stabilisation, except in the high-end market.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.