best real estate investment
Online property marketplace Blueground will double its presence in Dubai next year to 600 properties, as the New York-based firm completed a new funding round of $12 million. The start-up also intends on becoming Dubai’s largest tenant in 2019. Its investors in this round included Dubai-based Jabbar Internet Group, VentureFriends and Endeavor Catalyst. The company’s…
The Gulf Cooperation Council (GCC) has witnessed significant growth in the number of real estate investment trusts (REITs) across the region, with over seven publicly listed REITs established to date. Since 2006, regulations have permitted REITs in the Dubai International Financial Centre (DIFC), but previous market downturns delayed any real progress within this particular sector…
RAK Properties swung to a Dh22.8 million net loss in the third quarter of this year as the company booked provisions and revenues plunged. The Ras Al Khaimah-based developer had posted a net profit of Dh13m in the same period last year, the company said on Sunday in a statement to the Abu Dhabi Securities…
While a change in government policy in 2016 has opened the lucrative short-term holiday home market to private homeowners, it has also led to a surge in holiday home management companies such as Frank Porter and bnbme that have paved the way for a new wave of investors. “Dubai has only recently legalised the holiday…
Owning a home is a keystone of wealth… both financial affluence and emotional security.