Prime Dubai real estate surged 70.3% 12 months to September Represents highest growth among all of the surveyed countries Source – Knight Frank Global Index (tracks top 5% of homes by value) – compares to just 2.5% in London Dubai continues to grow while most of the rest of the world enters a property slowdown Mukesh Ambani revealed as buyer of AED 600 million villa Indian billionaire...
Real Estate
US Inflation rose more than expected in September Inflation was 8.2%, coming in higher than most forecasts Most worryingly, ‘Core’ inflation was 6.6% which is the highest since 1982 Makes it almost certain that rates will increase by 75 bps in November, and more likely that the Federal Reserve will make the same 75 bps increase in December Direct impact on mortgage rates here in the...
• Co-Habitation Rules o Tenants are now required to register all the co-habitants in their property. o This includes all family members and domestic helpers, but also includes shared accommodation (since 2020 the UAE now permits co-habitation of unmarried couples or unrelated housemates). o It applies to anyone who is staying in a property who is in the UAE on a visit visa for longer than one...
We anticipate an increase in the number of Russian nationals moving to the UAE in Q4 due to the mobilization / conscription that was announced by Vladimir Putin last week. Flights from Moscow to Dubai were somewhere between $5,000 - $10,000 in the days following this announcement. KP View - This is likely to have a positive impact on the Dubai market, especially for sea-facing...
Dubai Real Estate Market News: Dubai property prices up 8.8% year on year Apartments up 7.7% Villas up 15.8% Biggest month-on-month increase – Palm Jumeirah (1.9%) Biggest month-on-month decrease – Jumeirah Islands (-3.4%) Dubai rents up 24.8% year on year Average annual rent for a villa now AED 263,000 per year Highest average annual rental location – AED 935,000 Al...
The coronavirus pandemic has had a far-reaching impact on almost every aspect of life in 2020. Once of the biggest industries impacted is the real estate industry. The various curfews and lockdowns put in place, combined with social distancing regulations and companies embracing work from home policies has transformed the demand segment of this industry and perhaps these changes will never return to the...
The coronavirus pandemic has been a wakeup call for all of us. Surrounded by constant news of mortality and the fragility of life, we’ve all had time this year to reassess and focus on what is important, spending more of our valuable time with those we love. So what are tenants and buyers currently faced with when search for properties in Abu Dhabi? Delays in scheduling viewings and...
Kennedy Property has been operating in Abu Dhabi for 10 years. We offer the full range of real estate services: Property Sales Property Rentals Property Management Property Valuations Property Maintenance Every decision we make as a business values time above everything else. We are constantly looking for waves to save time for all our major stakeholders - Property Owners,...
Real estate agents must adapt their processes to put their customers at the forefront of everything they do. They must view the whole process from the customer's perspective and see which elements of that process are convenient for them, and more importantly which processes are inconvenient for them. Acquiring Real Estate Should be an Enjoyable Process The idea of buying real estate is an exciting idea....
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