RERA
Living in a townhouse or villa is the ultimate dream for many expat families in Dubai. With rents falling in the mid to upper segment of the Dubai residential market over the past year, tenants who were living in two or three-bedroom apartments can now afford townhouses or villas for the same rental value. Another…
The UK real estate consultancy Savills has “completed” the acquisition of Cluttons’ Middle East operations. Cluttons, which has had a presence in these markets for more than 40 years, operates seven offices in the Gulf and a staff of 190. The value of the deal has not been divulged. Post the acquisition, Cluttons will be…
The introduction of the Dubai Land Department’s Real Estate Self Transaction (REST) platform by 2020 will result in more streamlined and efficient property transactions as well as a consolidation in the brokerage business, experts say. A Dubai 10X initiative, the digital platform will automate all property transactions between the buyer and seller as well as…
The Address Downtown has re-opened to hotel guests, nearly three years after a fire engulfed much of the building on New Year’s Eve 2015. Emaar, the hotel’s owner, says that the refurbishment brings with it new restaurants, additional rooms and suites, and a spa. Olivier Harnisch, chief executive officer of Emaar Hospitality Group, said in…
Owning a home is a keystone of wealth… both financial affluence and emotional security.