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Millennials force a rethink of the traditional office

modern office space

It is no surprise that when a proportion of workforce progressively becomes predominant, the occupier preferences and attitudes of that workforce determine building design and asset manager’s strategy. This is evident with millennials expected to represent 35 per cent of the global workforce population by 2020. So, why would an investor include flexible workspace as…

Who buys most apartments in Dubai?

Dubai buildings

Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term. The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s…

New mid-market homes put pressure on Dubai rents

Dubai rental pressure

Downward rental adjustments continue to take place in the Dubai market, says a Q2 2018 report released by property company Chestertons on Monday. This is due to several factors: additional stock being delivered, thus providing more choices, some tenants purchasing their own properties and conservative market sentiment. Average apartment rents are down 4 per cent…

Dubai Land Department adds new payment methods

Dubai Land Department adds new payment methods

The Dubai Land Department (DLD) has announced that its finance department recently activated new smart payment services through the Apple Pay and Samsung Pay applications. The move is aligned with the Dubai Smart Government’s strategy to support outstanding government performance based on the latest technologies. The DLD introduced the service in June and is now…