Rental Rates in Dubai’s International City Set to Be Squeezed Even More

The state backed developer Nakheel is set to release another 26 buildings to buyers in Dubai’s International City, totaling around 1,663 units, and this is likely to push rents in the beleaguered development even lower, according to a report in Arabianbusiness.com.   International City is a project aimed at low and middle income groups, and

Read More »

Cancelled and Delayed Projects Increase in UAE

The value of delayed or cancelled construction projects in the UAE grew to $170 billion in the month just gone, in a strong indication that the country’s real estate industry has far from recovered. The 13% increase from projects that were delayed or cancelled in July was revealed last week in a report issued by

Read More »

Gulf Developers to Build More Affordable Homes

After years of building luxury homes which now languish on the market, property developers in the Gulf are finally to start building more affordable homes. Their main motivation is obviously to sell more property, but they are also being encouraged by their governments, who are trying to improve living standards throughout the region, as the

Read More »

RealtyBizNews: Real Estate Marketing & Beyond