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
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.
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 international real estate consultancy Cluttons, demand in Dubai's commercial market remained buoyant in the first six months of 2016.
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 Cluttons, office rents in Dubai's prime free zones held firm during the first quarter of 2016, as occupancy levels remained high in core areas such as Dubai International Financial Centre, Dubai Media City and Dubai Knowledge Village.
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.
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.
According to international real estate consultancy Cluttons, stability in office rents in Dubai's main markets persisted throughout Q1 2016 as a result of continued high demand from both international and domestic occupiers.
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.
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.