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invest in Dubai

Beirut’s swanky property market bears economy’s scars

Beirut real estate

Permanently-drawn curtains on the city’s empty luxury high-rises and dust gathering over shuttered storefronts in the Beirut Souks mall offer a glimpse of the economic gloom gathering over one of the world’s most indebted countries. Prolonged conflict in Syria and political divisions at home have hit market confidence. Economic growth has been stagnant for years,…

Average selling price for homes in Dubai dips below 2017 level

Dubai real estate market

Dubai: Property buyers in Dubai seem to be in the mood for bargain picks — average transaction prices during Q3-18 were lower than the 2017 average, according to a new update from the consultancy Cavendish Maxwell. It means that the Q3-18 average deal was in the range of Dh1.2 million for apartments and Dh1.9 million…

The rise of REITs in the Gulf region

Dubai real estate

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…

Short-term lease for smart investors

Dubai property

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…