Real Estate

Bloomberg US new-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects. Residential starts declined 0.9 percent to a 1.25 million annualised rate, the slowest in three months, according to government figures. Permits, a proxy for future construction, dropped 6.1 percent to a 1.22 million rate, also reflecting a ...

Bloomberg London house prices fell less than usual this month as sellers held back in a sign that the market may be stabilising, according to Rightmove. Home values in greater London slipped 0.2 percent, compared with an average 0.6 percent drop for July over the past five years, the property website said. From a year ago, prices slid 1.7 percent ...

DUBAI / Emirates Business Dubai Land Department (DLD) announced the launch of a new real estate initiative known as ‘Real Estate Lawyer’ in partnership with Al Tamimi & Company. The agreement outlining the details of the initiative was drafted to facilitate growth in the real estate market by providing greater support for real estate investors and encouraging further foreign investor ...

Bloomberg Real estate investors from Azerbaijan’s sovereign wealth fund to Blackstone Group Inc and UBS Group AG are cashing in on a surge in demand for prime Milan offices that’s pushing prices to new highs. A lack of development in Italy’s financial capital is driving up rents just as a scarcity of prime real estate in some western European cities ...

DUBAi / Emirates Business As we move into the second half of 2019, the property prices in Dubai continue to be attractive for both tenants and investors as per Bayut’s latest H1 market report. Based on the comparison of prices between H2 of 2018 to H1 of 2019 there is a perceivable shift in interest towards competitively-priced areas when it ...

DUBAI / Emirates Business Chinese investments in the UAE real estate sector is set to surge in the coming months and will grow over 70 percent during 2019, reinforcing the growth potential on offer in the country, according to Fidu Properties, one of the leading Chinese companies in the UAE property market. Chinese investments have gone up 64 percent between ...

Dubai / Emirates Business Damac Properties announced the launch of its new project, ‘Zada’, in Dubai’s Business Bay area. Priced at AED 699,999, the exquisitely designed one-bedroom apartments offer views of the iconic Dubai Canal. The official launch will take place on June 29, and Damac is offering prospective buyers a chance to pay for the property in monthly instalments ...

Bloomberg New home price growth in China quickened last month after government measures to spur demand in smaller cities took effect. The average value of new homes in 70 major cities around Asia’s biggest economy, excluding government-subsidised housing, rose 0.71 percent in May, according to data released by statistics bureau. That’s faster than an increase of 0.62 percent in April ...

DUBAI / Emirates Business The Holy Month of Ramadan has been eventful for the Dubai property market in 2019, both in terms of the volume and value of property transactions concluded. Property deals cumulatively worth AED5.6 billion ($1.5 billion) were transacted in Dubai solely during Ramadan this year, reveals analysis by the Research & Data team at Property Finder, the ...

ABU DHABI / WAM Aldar Properties on Wednesday launched Alreeman II, an AED1.7 billion master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by UAE nationals. Alreeman II follows the success of Alreeman, launched in January 2019 which generated as much as AED1.6 billion in sales. Spread across an area of 2.4 million square metres, ...