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Dubai firm launches Sea Palace Floating Resort

Dubai firm launches Sea Palace Floating Resort.jpg

Dubai is home to a number of landmarks including the Burj Khalifa, the Burj Al Arab hotel, and the Palm Islands. The emirate will soon see the addition of one more landmark – the Sea Palace Floating Resort. Costing Dh600 million, the project consists of a hotel and six floating glass boat houses, each priced…

Real Estate: The Asset Class We Know & The New Asset Class Evolving

Real estate - Revolution

“What do we mean by the evolution of a new asset class?” “Will Real estate, the asset class we know, change?” “Will the old asset class be replaced?” “Why aren’t we there yet?” Let’s answer those questions in the simplest technical terms. Characteristics of Real Estate the asset class we currently know are: Advantages: Tangibility…

Proptech allowing realty to build momentum

Proptech allowing realty to build momentum

Property technology (proptech) will play a key role in enhancing design, construction and operations, while also helping the real estate sector to re-emerge stronger having adapted to the new normal. “Today, we’re seeing a much greater acceptance of real digital transformation where construction businesses are seeking innovation guidance to understand how technology can help them…

Average office rents in Dubai fall in nine months

Average office rents in Dubai fall in nine months

Prime office rents in Dubai fell by an average 6.5 per cent the first nine months of 2020, according to the latest market update by Knight Frank Middle East. Over the first three quarters, Dubai’s office market recorded average prime rents at Dh205 per square feet, average Grade A rents of Dh130 per sq.ft. and…