Property News: Leasing

Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was signed in Washington yesterday and this will play a positive role in attracting investments in real estate, say industry experts.

Andrew Cummings, co-founder and managing director of luxuryproperty.com says both the UAE and Israel share many synergies. The … Read more ›

Abu Dhabi Central: This is one of the most lively areas of the city and close to a number of hotspots. Transportation from there to almost anywhere is easy. In a recent report, Asteco found that rentals for high-end properties in this area dropped by 5 per cent while further down the value chain, the decline was by 6 per cent compared to the second quarter last year.

Abu Dhabi Corniche: Located right alongside the main beach, this is one of … Read more ›

The stay-at-home restrictions and surge in employees working from home during Covid-19 have led many people in the UAE to reconsider their living spaces, as they take advantage of a drop in rental and sales prices to upgrade their properties.

The fall in rents and property prices make it the perfect time to negotiate with landlords and brokers to get a good deal on bigger accommodation, according to industry experts.

Average annual residential rents in some areas of Dubai declined by 15 … Read more ›

Residents across the UAE have faced difficult financial decisions in recent months amid the upheaval caused by the coronavirus pandemic.

Among them is whether they could save on what is likely to be the biggest expense in their budget – rent.

But has the market shifted enough to justify the cost of moving? Rents in Dubai and Abu Dhabi have been declining for the past few years on the back of lower oil prices and a property supply glut, although research showed … Read more ›

The UAE has put together a plan to stimulate strategic investment sectors.

The country is pressing on with facilitating an environment that caters to attracting investment as it also proceeds with all approved capital expenditure and development projects, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said on Monday.

“I’ve given directives to continue with all approved capital expenditure and development projects in the emirate, and to take further measures to preserve Abu … Read more ›

Abu Dhabi ranked in the top 15 out of 82 expatriate cities in the world for the third year in a row, a survey from global network InterNations on the best destinations to live and work abroad found.

The list was dominated by Asian cities, with Taipei in Taiwan leading the ranking for the second year in a row followed by Kuala Lumpur in Malaysia, Ho Chi Minh City in Vietnam and Singapore, according to the Expat Insider 2019 study published on Tuesday. … Read more ›