Alabbar says Dubai developer Emaar to ‘tighten its belt’ next year

The boss of Dubai’s Emaar Properties has announced that the developer is set to “tighten its belt” next year as the emirate’s property market continues to stabilise, it was reported on Wednesday. Bloomberg quoted company chairman Mohamed Alabbar as saying that Dubai’s real estate market will see a “rebalancing” between supply and demand into next…

Newer Dubai districts said to offer among best yields in the world

Some of Dubai’s newer freehold districts are offering property investors among the highest yields in the world despite a difficult 2016 for the emirate’s rental and sales markets, according to a new report by Propertyfinder Group. The report also revealed that apartments in most of propertyfinder’s top 20 Dubai neighbourhoods posted small sales price declines…

Dubai real estate regulator announces new system to regulate real estate marketing

The Real Estate Regulatory Agency, the regulatory arm of Dubai Land Department, affirmed that a Real Estate Marketing Agreement is mandatory between owners and real estate brokers which will result in the issuance of permits through its e-service system. There must be a written agreement in which property owners authorise real estate brokers to carry…

Dubai’s Deyaar offers ‘guaranteed’ returns on Business Bay project

Dubai Financial Market-listed Deyaar Development is offering guaranteed returns of 14 percent for a period of two year, or seven percent per annum, on its under-construction project in Business Bay, it said on Sunday. The returns are being offered to investors buying into The Atria, a 30-storey residential tower and four-star serviced apartment tower, to…

Confidence among Bahrain developers rising, says CBRE

Bahrain’s construction sector is showing “robust” growth, with confidence among developers in the market rising, according to a new report by CBRE. Its Q3 20916 Bahrain MarketView said the government is heavily funding infrastructure projects, while real estate transactions have increased by 11 percent in the second quarter of 2016 compared to the year-earlier period.…