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Flat rents make Dubai towers a bargain, Knight Frank says

The emirate’s average fees are seven times cheaper than Hong Kong Dubai’s tower rents have remained flat in the first half of this year, making them seven times cheaper than Hong Kong, the world’s most expensive city for leasing offices in buildings more than 30 storeys tall. The emirate’s tower office rents averaged US$44 per…

Dubai is getting a high-end new district near JLT

Excellent news if you live up this end of town… Another week, another big piece of real estate news. We really do live in Dubai. This time around, the announcement concerns a combined commercial and residential development set to go up right by JLT. It’ll take up 10 million square feet, the Dubai Media Office…

Get your new ‘Address’ along Dubai Creek

Dubai Creek Harbour’s Address Harbour Point, a signature mixed-use project that celebrates waterfront living Dubai Creek Harbour unveiled Address Harbour Point, a signature mixed-use project that celebrates waterfront living, with luxury homes opening to views of Burj Khalifa, the new Dubai Creek Tower and the historic creek. Serving as a visual gateway to the six-sqkm…

Payment plans: Time to tone it down

Developers in Dubai need to exercise restraint on their generosity When the head of a major listed developer in Dubai sounds the alarm over extra generous post-handover payment plans which are a dime a dozen in the market today, it’s time to sit up and pay heed. While the phenomenon of post-handover and back-ended payment…