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Real estate developers associating with luxury brands is not new to Dubai. In fact, branded real estate developments have been luring the niche elites in the past several years. Dubai is already home to several prominent brand names in the property sector with projects like Armani Residences, Just Cavalli, Bugatti and Fendi Styled Villas, The…
In comparison to mature markets such as the UK and Canada, rent to own (RTO) has not yet been cemented as a core market concept in Dubai. Although the overall objective is the same, which is to bring housing affordability closer to the end-user, mature markets have either government or private-based RTO offerings encapsulated by…
Institutional interest has been steadily rising in Dubai real estate. These players typically include banks, real estate investment trusts (Reits), insurance companies, etc. Although they have been primarily investing in Grade A office buildings, of late, they have widened their horizons to include industrial units, schools, community shopping malls, medical facilities and hotels. Funds and…
Rent declines for residential properties in Dubai averaged five per cent for the last 12 months and 2.5 per cent on average quarter on quarter, estimates property consultants Cavendish Maxwell. “Declines were more pronounced in International City, The Greens, Discovery Gardens and Al Furjan, averaging a 12-month change of more than six per cent. Rent…
Owning a home is a keystone of wealth… both financial affluence and emotional security.