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Prime Dubai offices cost less than a third of Hong Kong

Prime Dubai offices cost less than a third of Hong Kong New JLL research reveals Dubai office costs of $94 per sq ft per year compared to world’s most expensive of $323 Premium office space in Dubai is less than a third that charged in Hong Kong, the world’s most expensive market, new research by…

VAT launch to ‘lure more real estate investors’ to Dubai

VAT launch to ‘lure more real estate investors’ to Dubai Dubai brokerage boss says new level of transparency will attract institutional investors The introduction of value added tax (VAT) in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of…

Is there room for more homes?

Is there room for more homes? As developers deliver in time for the Expo-led demand onslaught, we examine the expected supply Market estimates as to how many units will be handed over vary, but analysts agree that the key questions are: location, segment and sentiment. Core areas with sufficient demand for supply that is in…

Property sellers in Dubai need to offer more to close deals

Property sellers in Dubai need to offer more to close deals Right now, developers with off-plan sales are grabbing a dominant share of buyers Property sellers in Dubai have a fight on their hands if they are trying to find buyers now. Because these days, developers with off-plan sales are coming up with more competitive…