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Consolidation, downsizing rampant in Dubai office market

Dubai’s office market performance continues to soften in 2018 due to increasing supply and a slowdown in new market entrants. This has created an opportunity for existing occupiers, who are looking to take advantage of favourable market conditions, according to a Knight Frank report. Average office rents across Dubai softened by 5.8 per cent year…

How Dubai’s property market has evolved

Dubai is a melting pot, bringing together varied cultures from every corner of the globe. It may seem cliché to say that, but it is one of the defining aspects of the city and certainly one reason why I love living here. In our office alone, we have a mix of people from three continents…

UAE home owners feeling weight of rising mortgage rates

Dubai: Property buyers in the UAE who have taken out mortgages can definitely share one sentiment with President Donald Trump — that the US Federal Reserve should stop hiking interest rates frequently. Because each time the Fed does so, these property owners are staring at the possibility of higher payments on their mortgage exposures. And…

The cost of managing property

As Dubai’s property developments mature, the need for quality building management also increases. According to property management firms, it is common for many owners’ associations (OA) to seek advice on best practice and bring more professional expertise on-board. “There is also a growing emphasis on maintaining investments through planning, implementing sustainable energy savings and ensuring…