U.A.E. (Dubai) Real Estate News
U.A.E. (Dubai)
Much of the World's Housing Market in a Price Bubble in 2021
International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
Exploding Global E-commerce Growth Requires 1.5 Billion Square Feet of New Distribution Space
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
Dubai Property Market Re-Emerging from Pandemic Outbreak
According to GlobalData, Dubai's construction sector is showing early signs of a long-awaited recovery in 2021. Government-controlled real estate developers are planning new projects in response to rising property prices buoyed by the emirate's recovery from the economic impact of the COVID-19 pandemic.
Global Commercial Property Investment Down in Q1
According to new research by international property consultant JLL, global commercial real estate transaction volumes declined by 13% year-on-year in the first quarter of 2021.
