Dubai

Samir Salya looks at whether Dubai tenants are getting rent cuts

Dubai Buildings at Night - Samir Salya
With property experts agreeing that Dubai’s housing costs have fallen across the board, reports show that not many tenants are enjoying correspondingly lower rental costs. In fact, only around 10 per cent of the tenants polled are reporting that they are getting any kind of help with their high accommodation costs. Recent survey contradicts market ... Read moreSamir Salya looks at whether Dubai tenants are getting rent cuts

Samir Salya on why the Dubai property market has seen such a positive start to 2017

Dubai Skyline at Night - Samir Salya
Back in 2016, the outlook for the Dubai property market was mixed. Research from real estate consultancy Cluttons showed that average residential property prices in Dubai dipped by 2.6 per cent in the third quarter of 2016, bringing the annual rate of decline down to 7.4 per cent. Looking ahead to 2017, Cluttons suggested a ... Read moreSamir Salya on why the Dubai property market has seen such a positive start to 2017

Samir Salya looks at new wellness venture in Dubai

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The current global trend for wellness has reached Dubai real estate, with the announcement of a themed residential development. It’s a joint venture between Dubai Healthcare City Investments (DHCI) and specialist developer Swiss Property. Together they intend to bring wellness themed residential units, shops, entertainment and facilities to Al Jaddaf. The new units will sit ... Read moreSamir Salya looks at new wellness venture in Dubai

Samir Salya discusses plan for two new islands in Dubai

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As part of an ongoing drive to boost tourism in Dubai, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has announced a tourism project called Marsa Al Arab. The project includes developing two islands, on either side of the Burj Al Aran Jumeirah, attached ... Read moreSamir Salya discusses plan for two new islands in Dubai

What does an owner’s association in Dubai do?

Dubai Buildings at Night - Samir Salya
  An owner’s association (OA), in basic terms, looks after the common areas of a development, building or site on behalf of the owners. This includes dealing with security, maintenance, liaising with statutory authorities and enforcing rules. As it’s such a varied role, an OA management company needs to have lots of different skill bases. ... Read moreWhat does an owner’s association in Dubai do?

All about Dubai’s mega project

  It’s not going to be completed until 2020, but Dubai’s newest multi-billion dirham development has been showcased in a sneak peek video. Costing Dh3.65 billion (£771 million), the Dubai Creek Harbour development was shown off by property developer Emaar in a video, which was titled ‘Fly Through Dubai Creek Harbour’. The idea of the ... Read moreAll about Dubai’s mega project

Luxury real estate demand on the up in Dubai

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  So far in 2017, numbers show that properties valued at Dh1000 and above per square foot are up 35 per cent. This indicates that luxury real estate is back on top in Dubai, and it’s not just applying to off plan property. A report from consultants Reidin-GCP shows that while more expensive properties are ... Read moreLuxury real estate demand on the up in Dubai

Dubai’s property market on road to recovery

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  It looks set to be a slow year for Dubai’s real estate market, according to expert analysts. Recently there has been a lot of noise in the industry about how it seems the market has finally reached the end of its down cycle. Now, there appears to be a general consensus that prices are ... Read moreDubai’s property market on road to recovery

Dubai’s middle market property under pressure?

  In a break from the general consensus from industry experts, rating agency Finch predicts that it will be mid-market properties in Dubai, rather than luxury, that will be subject to rental and price declines. Prevailing thought in recent Dubai residential property forecasts has concentrated on the impact likely to be felt by high end ... Read moreDubai’s middle market property under pressure?

Dubai suburbs rise in popularity

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  While it’d be logical to assume that the high rise, city centre communities remain the most popular neighbourhoods in Dubai, a report by ServiceMarket shows a distinct shift to the suburbs for new residents. ServiceMarket is a platform for moving home in the UAE, and carries out a report showing ‘moving trends’ twice a ... Read moreDubai suburbs rise in popularity
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