News
This is the penthouse that shows how Dubai’s property sector has come of age. Penthouses no longer have to ostentatiously flout their superiority, their selling point simply has to be their view, location and desirability. This uptown penthouse in the Old Town district of Downtown Dubai is the Middle East’s answer to Manhattan. Whereas the…
ABU DHABI // People are paying higher rents on Reem Island, despite reports from property agencies that prices are falling. Two agencies reported drops of up to 6 per cent in the Shams development – including the Gate and Sun & Sky towers – on Reem as new housing came online and expatriates left because…
Residential rental yields in Dubai are among the highest in world Residential rental yields in Dubai are among the world’s highest, but a new investment category can fetch investors up to 20 per cent. The new asset class, according to Cluttons, a property consultancy, is worker accommodation. “The variety of investment options available in Dubai…
Starwood Hotels & Resorts Worldwide is looking to expand its footprint in the United Arab Emirates (UAE) hospitality market with plans to open a Four Points by Sheraton in Ras Al Khaimah. The project will be developed in collaboration with Hamarain Real Estate. The hotel will become Starwood’s first property in the emirate of Ras…
Owning a home is a keystone of wealth… both financial affluence and emotional security.