UAE

Dubai property sales down by 24% in third quarter of 2016

Residential property sales in Dubai fell by 24% in the third quarter of 2016 compared to the previous quarter and prices and rents were all down slightly, the latest data shows. Villa and apartment prices both fell by 1% and rents were also down 1% quarter on quarter, according the Dubai residential report from international […] The post Dubai property sales down by 24% in third quarter of 2016 appeared first on PropertyWire . Continue reading

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Job concerns and fall in oil prices impacting property markets in Abu Dhabi

The Abu Dhabi residential real estate market saw a slight slowdown in the first half of 2016, mainly due to the decrease in oil prices since the beginning of 2015, according to the latest analysis report. Overall, residential rental rates decreased by 3% on average with high end property rents down by 4% while there […] The post Job concerns and fall in oil prices impacting property markets in Abu Dhabi appeared first on PropertyWire . Continue reading

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New database will help regulate rent prices in Dubai

A new star rating system for determining rental rates for properties in Dubai is expected to be ready by the end of 2017, it has been confirmed. The Dubai Land Department (DLD) said that the rating system will apply to all residential and commercial buildings completed before 2010. It also announced that it is almost […] The post New database will help regulate rent prices in Dubai appeared first on PropertyWire . Continue reading

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