Samir Salya looks at one Dubai developer with designs on London

Dubai-based Sobha Group is planning to diversify its portfolio and take on developments in London and the Philippines. This will be in addition to its large-scale plans in Saudi Arabia through a partnership with a US based firm. Drive for overseas developments The Sobha Group is known for its premium projects in Dubai, along with ... Read moreSamir Salya looks at one Dubai developer with designs on London

Samir Salya on a new floating development in Dubai

An ambitious developer is planning to recreate Venice just off the coast of Dubai, with plans for a floating hotel. The Dh2.5 billion development will have an underwater floor and is the brainchild of the Kleindienst Group. Plans unveiled The company announced its plans on the first day of Cityscape Global 2017. The project is ... Read moreSamir Salya on a new floating development in Dubai

Samir Salya on the latest price drop for London’s luxury real estate

There has been a 7% slump in the luxury housing market for the UK’s capital, thanks to high stamp duty and the uncertainty cast by Brexit. However, there are signs that the market is bottoming out and better times could like ahead. Average cost down According to real estate experts Knight Frank, the average cost ... Read moreSamir Salya on the latest price drop for London’s luxury real estate

Samir Salya discusses the rise in new home handovers in Dubai

Downtown Dubai at Night - Samir Salya
Figures show that Dubai’s developers have become more committed to faster handover schedules in 2017. The first half of this year shows that 13,315 homes were delivered, against just 5,039 in the corresponding time period in 2016. Data from Reidin-GCP shows that the first half of 2015 was slightly more than 2016 at 8,714 units. ... Read moreSamir Salya discusses the rise in new home handovers in Dubai

Samir Salya discusses London property prices

Official statistics show that London is losing people from every age group, apart from those in their twenties. People from all other age groups are leaving the capital due to the extremely high property prices becoming unsustainable. Five-year high Last year, up to June 2016, people leaving London (net outward migration) reached 93,000 people. This ... Read moreSamir Salya discusses London property prices

Samir Salya looks at a new start-up in Dubai

Finding a niche in the property market isn’t easy, but a new Dubai start-up has done exactly that. The company, called SellAnyHome.com, promises to sell your home within half an hour – a strong claim but one that could be music to many sellers’ ears. An idea borne of experience Founder Omar Chihane tried to ... Read moreSamir Salya looks at a new start-up in Dubai

Samir Salya on London’s build-to-rent boom

Red Phone Box - Samir Salya
A new breed of hotel-style homes for renters in London are springing up due to the affordability crisis surrounding getting on the housing ladder. Property prices are fast outstripping wage increases in London, which has led to many people simply not being able to afford to rent. Developers have come up with a way to ... Read moreSamir Salya on London’s build-to-rent boom

Samir Salya discusses UK Export Finance for UAE projects

Dubai Buildings at Night - Samir Salya
International Trade Secretary to the UK, Liam Fox, announced that UK Export Finance (UKEF) will be supporting UK based construction companies with the projects they are undertaking in the UAE. UKEF (the country’s export credit agency) will be providing more than $600 million to Carillion and Kerr, construction companies that will be delivering three major ... Read moreSamir Salya discusses UK Export Finance for UAE projects

Samir Salya explains why UAE investors are turning to London

London Street and Red Bus - Samir Salya
It seems that not all UAE based investors are concentrating on snapping up off-plan realty in Dubai. Quite a number are heading to London to look out for bargains in the UK. According to research from Cluttons, since Eid there has been a surge of interest in London homes from investors based in Sharjah, Oman ... Read moreSamir Salya explains why UAE investors are turning to London

Samir Salya on the new permit strategy to boost Dubai realty sector

Burj al Arab Sunset - Samir Salya
It looks like investors and developers alike will benefit from the new strategy in Dubai for allocating building permits. The plan is expected to speed up the general approval system needed for securing building permits and therefore boost the real estate sector. Analysts report that they expect the new strategy to simplify the process of ... Read moreSamir Salya on the new permit strategy to boost Dubai realty sector
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