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Older office buildings feel the heat in Dubai

Older office buildings feel the heat in Dubai

An abundance of new supply, especially of Grade A stock, is making things difficult Dubai: Mid-tier office properties in Dubai are feeling the squeeze as local businesses, especially the smaller ones among them, prefer to stay put rather than shift to new premises. So far, landlords holding new leasing stock have not made sharp cut…

Who wants branded real estate?

Who wants branded real estate?

Branding of real estate developments has long been used to add prestige and enhance value in Dubai Developers partner with globally recognised brands to use their name and service standards. In this setup, the developer benefits from a stronger standing in the marketplace, while the third-party brand enjoys widened name awareness and direct revenue streams….

Revealed: how Dubai compares to world’s priciest property markets

Revealed: how Dubai compares to world's priciest property markets

New global ranking shows prime real estate prices in emirate are less than a fifth that of Monaco Prime residential prices in Dubai are less than a fifth those found in the world’s most expensive property market, according to a new report. New World Wealth’s Global Wealth Migration Review showed that top-end real estate in…

Palm Jumeirah project sales reach $30m in two months

Palm Jumeirah project sales reach $30m in two months

New beachfront homes Alef Residences show demand for ultra-luxury living, say Luxhabitat Sales at Alef Residences development on the Palm Jumeirah have reached $30 million (AED 110m), showing a solid demand for niche ultra-luxury properties in Dubai, according to the realtor. The 104 beachfront apartments, located on the western crescent of the Palm-tree shaped island,…