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Gulf’s rich elite seen shifting investments to commercial property

Commercial property has become a more attractive investment for ultra-high net worth individuals (UHNWIs) in the Middle East as volatility in residential markets affects demand, a new survey has revealed. Findings from Knight Frank’s 2016 Attitudes Survey conducted in conjunction with Wealth-X, shows that commercial real estate is expected to become an established component of…

We want everyone to help build happier future: Mohammed

‘We want societies to innovate developmental solutions to build a better and happier future for people’ His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has said innovative endowment is a developmental tool to support economy and social development. Sheikh Mohammed added, “We want societies…

How to visit Legoland, Bollywood Parks, Motiongate in Dubai this week

Dubai Parks also plans to take the destination viral before its launch Dubai Parks and Resorts is set to open in October this year, but Dubai residents and visitors will this week get an interactive look-and-feel of the various theme parks, including Motiongate Dubai, Bollywood Parks Dubai, Legoland Dubai, Legoland Water Park, Riverland Dubai and…

Top 5 residential hunting grounds for Dubai tenants are…

Apartment rents drop 3 per cent in Q1 2016 Residential apartment rents are three per cent down in the first quarter 2016 compared to first quarter of 2015, according to real estate portal Bayut. But a comparison done on a quarter-on-quarter basis by the portal reveals a different picture, showing average rentals had increased three…