real estate

January 16, 2020

SHARJAH, 15th January, 2020 (WAM) -- Arada has announced that its total value of sales rose 33% in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s megaproject, Aljada. The total number of units sold by Arada increased by 86% against the previous year.

Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said, '2019 was a very strong year for Arada. As well as handing over our first homes in Nasma Residences in May, we have also made considerable construction progress at Aljada and strengthened our executive team as we move towards our goal of becoming a major international developer.'

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January 15, 2020

Average apartment prices in Dubai declined by 15% between Q4 2018 and Q4 2019 and villa/townhouse prices were lower by 18%, according to a report.

Over 50,000 new units will hit the market in 2020, with apartments making up majority of supply, said the report by by Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its 2019 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the Northern Emirates.

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January 15, 2020

We are sometimes faced with the question of whether it is the right time to invest in real estate, particularly in a market where capital values are on a decline, assuming of course that sufficient funds to purchase a property are already in hand.

The Dubai real estate market is now likely moving towards the end of a correction phase, with many analysts agreeing that the market cycle may be nearing the bottom within the next 18 months or so. But no one can be certain.

For ready properties, it may make sense to wait for the market to bottom out, however, this may not"...

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January 14, 2020

Current lower property prices combined with favourable interest rates are driving up mortgage enquiries across the UAE, according to new research.

Mortgage Finder, an independent mortgage consultancy which is part of the Property Finder Group, said there has been an approximately 59 percent overall increase in enquiries between 2018 and 2019.

Many of these requests for home finance have been from those on the higher end of the scale but the current property prices have not only led to an increase in interest from those on higher incomes, it said.

The"...

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January 12, 2020

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has issued Law No.1 of 2020 pertaining to leasing in the Dubai International Financial Centre (DIFC).

The law will enhance the DIFC's property market and reflects the centre's commitment to maintaining a legal and regulatory framework aligned with international best practices.

It introduces areas of protection and assurance to lessors and lessees entering into leases at properties based in the dynamic financial ecosystem of the DIFC.

The"...

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January 12, 2020

Property prices in Dubai have bottomed out are now more affordable than in 2005 when the freehold market began in the city, according to broker Fidu Properties.

The Chinese company operating in the UAE property market claimed it is the 'best time to invest' in the Dubai real estate sector – considering current price levels and the lucrative options on offer to investors and end-users.

The company said in a statement that landlords are being more flexible than ever before when it comes to the price points or rental-free periods.

It"...

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January 11, 2020

With its characteristics of stable income and ability to act as a hedge against inflation, real estate continues to be an investment alternative as key macro risks bring uncertainty to global markets, said Invesco, a leader in real estate investment.

“We continue to see an increase in interest for real estate across the risk-return perspective from both core and income-producing investments, through to higher-return strategies. There is a growing appetite higher up the risk curve, and for global diversification,” said Andrew Hills, Managing Director of Global Client Portfolio Management at Invesco Real Estate (IRE), adding that investors are including real estate within multi-asset portfolios"...

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January 11, 2020

The UAE has so far invested Dh1 trillion ($272 billion) in airport infrastructure development projects, the General Civil Aviation Authority's director-general has said.

In a statement released by the UAE aviation authority, Saif Mohammed Al Suwaidi said such investments span development projects across the country and a fleet of 884 commercial aircraft, a Wam news agency report quoted.

The aviation sector"...

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January 9, 2020

Dubai registered a total of 41,988 real estate transactions in 2019, marking the highest number of sales transactions registered annually in Dubai since 2008, said Property Finder, a leading property portal in Mena.

The number of property deals during 2019 also marks a growth of 20 per cent in the volume of registered property sales transactions compared to 34,961 transactions in 2018, according to Data Finder, the real estate insights and data platform under the Property Finder Group.

There were 11,662 property sales transactions registered in Dubai in 2008. The Dubai real estate market has, therefore, grown by 260 per cent in the past 11 years in terms of the volume of transactions. The second"...

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January 9, 2020

Walton Global Holdings Ltd. and its affiliates (collectively Walton), a real estate investment and land asset company with US$3.8 billion under management and administration, has acquired the 245-acre Lee Farms property located at 4300 Wilson Ave. in Loveland, Colo.

The pre-developed land is slated for a single-family residential master planned community of approximately 900 units, offering a variety of sizes and types of homesites. The parcel is located within close proximity to existing and actively selling new-home communities of Meadowbrook Ridge, Mariana Butte and The Lakes at Centerra.

The"...

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