Better Homes News
Summer specials in Short-term Rentals
With the extensive summer heat you may need to find yourself a place to hide for the summer so why not do it in luxury. The Short-term Rentals division has just the answer for you. You can save from AED 750 on a one bedroom up to AED 850 on the two bedroom offering per night at Emerald Hotel Apartments, while Emirates Green Lakes is offering savings from AED 1,500 on published monthly rates to AED 500 on weekly rates.
Date posted: August 3rd, 2008
Posted by: betterhomes
Category: Short Stays / Hot Topics, Short Stays
Commercial REview Issue 7, Q1 2008
Although the weakening US dollar has cast a shadow over the global economy, the real estate market in Q1 2008 has remained robust with the UAE continuing to generate significant interest from both local and foreign investors. In the office sector, the Burj Dubai set another milestone for office prices while the Dubai shopping festival gave a boost to the retail sector. Tourism in Dubai is expected to gain momentum with the recent announcements of various leisure and entertainment projects. Abu Dhabi is currently experiencing tremendous growth, with a large number of commercial and residential projects due for completion within the next two years.
Commercial REview Issue 6, Q4 2007
In what proved to be a particularly robust year for commercial space, demand continued to outpace supply in Q4 2007. Moreover, the strong demand in central business districts has a positive impact on the price of secondary locations. With rental rates in primary locations reaching AED400/sq.ft., secondary locations were able to achieve as much as AED265.sq.ft.
Commercial REview Issue 5, Q3 2007
The commercial segment of the real estate market in Dubai has witnessed another quarter of robust sales growth with participation from both speculative investors and end-users in all the asset classes. In the office sector, end users continue to secure completed product in Jumeirah Lake Towers as well as Emaar Business Hub; a sign of continuing maturity. The industrial sector has been affected by the rezoning of traditional industrial areas by the municipality with landlords and market professionals reporting increasing demand, which is fuelling a hike in rental and sales prices. With Dubai Summer Surprises drawing to a close it has been a relatively quiet summer in terms of notable transactions. Within the hospitality sector occupancy rates have been record breaking and an acute shortage of hotel rooms means that revenues have increased.
Commercial REview Issue 4, Q2 2007
As Q2 draws to a close, the Dubai market continues to perform well, surpassing most expectations of growth and development. Although construction is still booming in all sectors, developments continue to struggle with construction capacity constraints, as demand continues to surge past supply and, according to a special report by MEED, aggregate construction costs rose as much as 45% in Q1 2007.
Commercial REview Issue 3, Q4 2006
As 2006 drew to a close, there were a number of things to reflect on in the commercial real estate market. Overall it was another year of high growth in the property sector with continued high levels of interest from developers throughout the region. This was in part fuelled by an underperforming stock market that only served to make real estate plays more attractive for companies and high-net worth individuals.
