October 2016 - Prestige Real Estate Brokers


October 2016

Dubai housing rents fall further by 2% in Q3

Dubai: Housing rents are still getting cheaper for many tenants in Dubai, according to the latest real estate market data. Rents in the emirate fell by 2 per cent over the last three months to average Dh3,000 less per year…

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Construction of Dh1bn Gate Avenue at DIFC set to begin

Construction will shortly begin on the much anticipated Gate Avenue at DIFC, the new urban premium lifestyle, cultural and entertainment development at the heart of Dubai International Financial Centre that promises to change the face of urban space and living…

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Water released into Dh2b Dubai Canal

Dubai: Dubai Canal is set to open next month with work on the Dh2 billion project moving on schedule, Gulf News can confirm. Water has been released in Dubai Canal for the first time during its three year period of…

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First Avenue mall and hotel on track to open in Dubai

A new shopping mall and hotel are set to open in Motor City early next year as part of an investment worth Dh500m that will drive development in one of Dubai’s most sought-after suburban quarters. First Avenue, based at the…

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Transform Your Home into a Haunted House

Now that we are well into October, the countdown continues as people wait in anticipation for the creepiest night of the year: Halloween. Want to give people the chills as they wander past your house on All Hallow’s Eve? Here…

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Dubai holiday homes give hotels serious competition

Holiday homes in Dubai are giving hotel operators a run for their money following the introduction of new regulations. The Dubai Government started regulating the holiday homes market in 2013, and since then there has been an increase in their…

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Prime areas where rents fell in Dubai and Abu Dhabi

Average rents in Dubai and Abu Dhabi witnessed modest declines during the third quarter of 2016 compared to previous quarter, according to real estate website Bayut.com. Average rents in Dubai fell by two per cent in the quarter while rental…

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Dubai’s mid-market realty gets into overdrive

Dubai: Dubai real estate’s mid-tier is where the action is starting to hot up … and it is happening on prices, locations, and in buyer support. Based on the year-to-September transaction data in Dubai, properties that can be classified as…

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First ever project in Dubai South completed: Damac

Damac Properties on Thursday announced the first ever project to be completed in Dubai South, with the handover of Damac Maison de Ville Tenora hotel apartments. The developer also announced that Damac Maison de Ville Celestia, another hospitality project in…

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