Real Estate

Airbnb Inc. shares fell after the company gave a disappointing outlook for bookings in the fourth quarter, suggesting that consumer preferences are shifting away from higher cost rentals that thrived during the pandemic and back to urban and the cross-border destinations. The San Francisco-based home-sharing platform said it expects the pace of nights and experiences booked will “moderate slightly” in ...

UK house prices fall the most since the start of the pandemic in October as political and market turmoil sent shock waves through the property market. The average value of a home dropped 0.9% to £268,282 ($309,500), the Nationwide Building Society (NBS) said on Tuesday. It was the largest decline since June 2020 and much sharper than the 0.3% reduction ...

Abu Dhabi / WAM Miral on Wednesday unveiled its new visual identity and first brand campaign, signifying a new chapter of growth. It also announced its portfolio of projects under construction worth over AED13 billion ($3.54 billion) on Yas Island and across the emirate, with three new projects coming soon. The new visual identity was revealed at an internal event, ...

  Dubai / WAM A total of 2,703 real estate transactions worth AED8 billion were conducted during the week ending October 21, according to figures released by the Dubai Land Department. 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion. The top transactions were a land Fourth sold for AED85 million in ...

  Dubai / WAM Dubai real estate market recorded 479 sales transactions worth AED1.65 billion, in addition to 82 mortgage deals of AED406.61 million, and 37 gifts deals amounting to AED137.63 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 437 villas and apartments worth AED1.44 billion, and 42 land plots worth AED210.44 million, while ...

  Dubai / WAM A total of 2,338 real estate transactions worth AED7.3 billion were conducted during the week ending October 14, according to figures released by the Dubai Land Department. A total of 106 plots were sold for AED1.76 billion, and 1,791 apartments and villas were purchased for AED3.81 billion. The top three transactions were two lands sold for ...

  Bloomberg Toronto home prices dipped again in September and have now fallen as much as 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals. The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, ...

Dubai / WAM Dubai real estate market recorded 418 sales transactions worth AED 1.29 billion, in addition to 92 mortgage deals of AED659.9million, and 13 gift deals amounting to AED34.74 million on Thursday, data released by the Dubai’s Land Department (DLD) showed. The sales included 400 villas and apartments worth AED 1.18 billion, and 18 land plots worth AED 113.57 ...

  Dubai / WAM The real estate sector in the emirate of Dubai continued to maintain a sustainable growth in the number and value of sales during the month of August, as it witnessed the registration of 9,720 real estate sales, worth AED24.34 billion. This came in Mo’asher, Dubai’s official sales price and rental performance index launched by Dubai Land ...

  Bloomberg Tremors are continuing to ripple through the UK mortgage market despite the Bank of England’s intervention to calm financial turbulence. Higher borrowing costs for lenders means the average monthly cost of a two-year fixed-rate mortgage will rise by 70% by March from January this year, Bloomberg Economics estimates. The cost of a two-year fixed-rate mortgage on an average-priced ...