Rents for luxury apartments in world’s tallest tower slashed by as much as 40% – Better Homes
Tenants
Rents & Renting
Office supply glut could force rent-free deals
Dubai landlords may be pushed to offer free tenancies, to avoid service charge burden
Real Estate
Dubai property prices, rents to fall further-report
Oversupply and tight liquidity hamper recovery; weak interest from foreign investors, says report
Rents & Renting
Qatari consumer prices fall for eighth month on rents
Consumer prices fall an annual 2.1%; rents decline 14.3% – Qatar Statistics Authority
Tenants
Saudi Arabian landlords prefer expatriate tenants
JCCI suggests a payment system that deducts rent directly from tenant’s salaries.
Rents & Renting
Dubai house prices stable in Q2, rents decline further
New Asteco report says Palm Jumeirah remains most expensive at AED1,800 per sq ft.
Tenants
Emaar names and shames first service fee dodgers
Lists of residents failing to pay their dues go up in Emaar project in Dubai.
Dubai Marina
Marina still most popular for Dubai home seekers
Propertyfinder.ae says location was top choice in Q2 for both buyers, tenants.
Real Estate
Abu Dhabi apartment rents down 7-15% in Q2
New Asteco report also says rents for larger villas in expat areas fall by up to 20%.
Tenants
Supply to further pressure UAE house prices in 2010
Dubai house prices may fall 10% more in ’10; Abu Dhabi house prices to drop 13% more.
Tenants
Qatar’s Energy City to see first tenants in 2011
Infrastructure on the $2.6bn development due to complete this year – CEO.
Tenants
Dubai occupancy rates up 30% in 2010 – gov’t official
Hotel rates rise from below 50% to 80% as Dubai ‘regains vitality’ for investors – DED.
Tenants
Dubai chases housing fee non-payments
Municipality chiefs say residents of about 300,000 units will have to pay up by Jan 1.
Tenants
New law to give more protection on service fees
Dubai regulator says developers must now get RERA clearance before collecting fees.
Real Estate
Dubai landlords hold back recovery with price hopes
Investors keen to come to Dubai but only for prime properties at distressed prices.
Tenants
No protection for tenants who fail to register lease
All rental leases must now be registered online with Rera’s new Ejari portal.
Tenants
Abu Dhabi property law to give landlords more control
New legislation will remove tenants’ right to renew leases for five years – report.