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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…

First-time realty buyers return to Dubai market

First-time realty buyers return to Dubai market

First-time property buyers have entered the Dubai housing market in a significant manner as increased long-term confidence in Dubai, lower mortgage rates, higher loan-to-value ratio and discounted prices have added to market sentiment. “A significant decline in new project launches has helped maintain off-plan sales numbers at decent levels with a supply reduction, and the…

The future has moved in: Digital Currencies and Real Estate

We have been telling you about how digital currencies are entering our real lives, and how adoption is happening across different areas of business. We have already discussed tech and fashion, so if you’re interested in those worlds, make sure to take a peek. Today, however, we are telling you all about real estate. Real estate and digital…