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  • The role of an owners' association in Dubai

    The role of an owners' association in Dubai

    By Joel McQueen

    Members of OAs often volunteer their time and experience. Here is what is expected from them, writes Joel McQueen director - head of commercial of Core Savills.

    read more
    Source: Gulf News   Published: April 26, 2017
  • Cityscape Abu Dhabi: experts predict tough times for capital's developers

    Cityscape Abu Dhabi: experts predict tough times for capital's developers

    Core Savills predicted in its 2017 residential outlook that a market recovery was unlikely over the subsequent 12-18 months

    Lower government spending, job cuts and reduced housing allowances have helped steepen declines in property rents and sales prices in Abu Dhabi, analysts said ahead of the capital's Cityscape real estate exhibition which opens this week.

    read more
    Source: Zawya   Published: April 19, 2017
  • Dubai Residential Market Update Q1 2017

    Dubai Residential Market Update Q1 2017

    The real estate market has marginally edged upwards in Q1 2017, although prime areas continue to lag in performance, says real estate adviser Core Savills. While most market players are in consensus over the prices bottoming, a range of economic factors are resulting in contradictory indicators of recovery, according to the firm’s Q1 Dubai residential market update.

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    Source: Press Release   Published: April 05, 2017
  • Overhang of upcoming supply indicates retail market saturation

    Overhang of upcoming supply indicates retail market saturation

    High-street ambience is set to play an increasingly important role, redefining Dubai's retail scene

    “As one of the most penetrated retail markets in the region, Dubai, despite its modest population has the 2nd highest mall density in the world of 1,214 GLA sqm/1,000 people, trailing marginally behind New York” – states the new Dubai retail report by leading real estate outfit Core Savills.

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    Source: Press Release   Published: March 06, 2017
  • Meraas and Core Savills launch Bluewaters in Dubai

    Meraas and Core Savills launch Bluewaters in Dubai

    UAE developer Meraas held an exclusive preview of its stunning new residences at Bluewaters, a vibrant cosmopolitan island that will also be home to Ain Dubai, the world’s largest observation wheel.
    More than 300 special guests who attended the event held on the newly-built bridge that connects the island to Sheikh Zayed Road, were treated...

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    Source: Trade Arabia   Published: February 28, 2017
  • Savills successfully defend championship title at 2017 Zurich Corporate Touch 6s Tournament

    Savills successfully defend championship title at 2017 Zurich Corporate Touch 6s Tournament

    Corporate rivalry at an all-time high at action-packed tournament.

    Core Savills took part in a grueling six matches on Friday, before beating Alec in the men’s final 6-3 to become the first team in the history of the Zurich Corporate Touch 6s to successfully defend their title.

    read more
    Source: Sport360   Published: February 27, 2017
  • Dubai issues new rules for brokers marketing overseas properties in the emirate

    Dubai issues new rules for brokers marketing overseas properties in the emirate

    The new rules follow an earlier scheme introduced in October forcing brokers marketing properties locally to gain permits before advertising homes.
    David Godchaux, the chief executive of Core Savills, said better regulation of the market should be welcomed. He said there were brokers who were abusing their position by "selling international properties that may not exist, or may not exist in the form that they are selling them".

    read more
    Source: The National   Published: February 21, 2017
  • Why UAE is the best place to buy a home

    Why UAE is the best place to buy a home

    Newbies favour it for attractive payment plans, low interest rates and low property prices

    The UAE has been ranked as the best country globally for first-time home buyers, according to MoveHub, which determined the best countries for first-time buyers using data from the Global Property Guide and the Hay's Group Global Salary Forecast.

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    Source: Khaleej Times   Published: February 20, 2017
  • Meraas appoints Core Savills as the exclusive agent for Bluewaters residences

    Meraas appoints Core Savills as the exclusive agent for Bluewaters residences

    Bluewaters, a home to the world's largest observation wheel, Ain Dubai

    DUBAI, United Arab Emirates: Meraas has appointed Core Savills as the exclusive agent for the sale of luxury residences at its waterfront destination Bluewaters, a vibrant cosmopolitan island that will also be home to Ain Dubai, the world’s largest observation wheel.

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    Source: Press Release   Published: February 16, 2017
  • Housing costs continue to fall in Dubai, according to S&P

    Housing costs continue to fall in Dubai, according to S&P

    The credit rating agency Standard & Poor’s has said that it expects house prices and rents in Dubai to continue to fall throughout 2017 because of the continued fallout from low oil prices and currency woes. In a note to investors yesterday, S&P forecasted that property prices and rents in the emirate would fall by between 5 and 10 per cent this year.

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    Source: The National   Published: February 16, 2017
  • A quick turnaround in prices not expected in 2017

    A quick turnaround in prices not expected in 2017

    Prime and mid-prime villa values in Abu Dhabi are anticipated to fall by at least 15% while apartments are anticipated to trail at 7%, a drop close to 2016 levels as similar market conditions persist, according to the latest market outlook for 2017 from leading real estate outfit Core Savills. Mid-market communities, particularly buildings with smaller units are predicted to maintain relative sale and rental price resilience and stay flat.

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    Source: Press Release   Published: February 01, 2017
  • Aligning existing supply with demand to bolster the office market in 2017

    Aligning existing supply with demand to bolster the office market in 2017

    “In the wake of continued contraction in demand anticipated over the next few quarters, Grade A and B office rents in Abu Dhabi are expected to fall by at least 10%-15%, a magnitude similar to 2016 rental drops” – predicts Core Savills. However, despite lower demand from blue chip/large corporates, the current lack of Prime/Grade A+ office stock, exacerbated by growing Grade B stock is expected to keep prime office rents relatively resilient...

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    Source: Press Release   Published: February 01, 2017
  • How landmark projects impact Dubai real estate value

    How landmark projects impact Dubai real estate value

    Iconic projects can enhance the value of nearby properties, but the effect is not always immediate

    “In Dubai, flagship projects appear to create the demand and momentum for the construction of entire districts, in contrast to modern landmarks and recognisable flagships elsewhere, which have been created more organically, often within pre-existing city centres,” David Godchaux, CEO...

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    Source: Gulf News   Published: February 01, 2017
  • Harrods Estates, Emaar Properties team for Dubai real estate showcase

    Harrods Estates, Emaar Properties team for Dubai real estate showcase

    United Arab Emirates’ Emaar Properties is seeking potential real estate buyers through a showcase within British department store Harrods.
    Working with Harrods Estates, a realty affiliate of the retailer, Emaar Properties has constructed a window installation and sales suite to display its 2017 Dubai Property Showcase while a second floor expansion is planned to open Feb. 1. Based in Dubai and established in 2001, Emaar...

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    Source: Luxury Daily   Published: January 26, 2017
  • Dubai property prices have further to fall, Phidar report says

    Dubai property prices have further to fall, Phidar report says

    Property prices in Dubai are due to fall further this year despite a slight uptick in values last month, according to a new report released on Tuesday. The general trend for house prices in Dubai in 2017 will be one of further gradual softening as the strong US dollar, to which the UAE dirham is pegged, an expected increase in interest rates and slow economic growth deter investors, according to property research company Phidar...

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    Source: The National   Published: January 24, 2017
  • Nakheel to add 105km of cycling tracks in its Dubai communities

    Nakheel to add 105km of cycling tracks in its Dubai communities

    Dubai-based developer Nakheel is to spend Dh150 million adding a total of 105 kilometres of cycling tracks around many of its communities in Dubai. The developer said that a series of new, linked routes are being created around Jumeirah Village Triangle, Jumeirah Islands, Jumeirah Park, Discovery Gardens and Al Furjan.

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    Source: The National   Published: January 18, 2017
  • Dubai rent index 2017: Two-beds 14pc cheaper in Marina, 30pc costlier in Arjan

    Dubai rent index 2017: Two-beds 14pc cheaper in Marina, 30pc costlier in Arjan

    No change in rentals in Business Bay, International City and Discovery Gardens

    Rents for two-bedroom apartments in majority of freehold areas across Dubai declined or remained stable, according to a comparative analysis of the official rent index for 2016 and 2017. Dubai Marina registered a 14 percent decline in 2017, with rentals for two-bed units starting at...

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    Source: Arabian Business   Published: January 08, 2017
  • Have cash, will buy off-plan property

    Have cash, will buy off-plan property

    Generous payment plans for off-plan properties are once again making them attractive for end-users

    Once pronounced dead after the global economic slowdown of 2008-2009, consultants and developers now say Dubai's off-plan property market is alive - and kicking - in 2017. Buying off-plan property refers to purchasing property in advance of its completion. In Dubai, the practice was rife...

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    Source: Khaleej Times   Published: January 07, 2017
  • Dubai solar: The low-down on how solar panels will affect your home's value

    Dubai solar: The low-down on how solar panels will affect your home's value

    Buying and installing solar panels may provide an attractive long-term return on investment but it is unlikely to significantly increase the value of your home. David Godchaux, the chief executive of Core Savills, said the "lack of awareness" surrounding sustainability issues in the UAE meant that those who spend money on the technology generally don’t benefit from a boost in their property’s value.

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    Source: The National   Published: January 05, 2017
  • Dubai Harbour scheme wins plaudits for 'joined-up thinking'

    Dubai Harbour scheme wins plaudits for 'joined-up thinking'

    The new Dubai Harbour project has been hailed by experts as a way for Dubai to make use of its existing strengths to create a new offering in the city without starting from scratch. The 20 million square feet project which was unveiled by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai on Monday, will help to create a mass of marina berths in an area adjoining Dubai Marina, as well as bringing cruise tourists into a part of the...

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    Source: The National   Published: January 03, 2017
  • More sub-Dh2m homes convince Dubai residents to buy

    More sub-Dh2m homes convince Dubai residents to buy

    Future rental spikes will finally expand the home ownership base in Dubai

    Cost-conscious home buyers in Dubai better have their funds ready - homes under Dh2 million are not staying unsold for long. And in the home finding rush, former tenants are switching to becoming landlords.

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    Source: Gulf News   Published: January 01, 2017
  • Affordable homes lift UAE economy, survey says

    Affordable homes lift UAE economy, survey says

    More than 80 per cent of business leaders in the UAE believe that the country’s economy would benefit from more affordable residential and commercial property. A poll of more than 500 executives carried out for The National by research company Borderless Access found that 83 per cent agreed that "better affordability in the UAE’s residential and commercial sectors will support businesses and the economy in both the short and...

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    Source: The National   Published: December 31, 2016
  • Looking for a bright spot

    Looking for a bright spot

    Landlords mix and match office offerings to lock in tenants

    Tighter budgets, staff cuts and business consolidation as a result of lower oil prices and global economic worries all have affected Dubai’s office property market. A remarkable number of large companies run their entire Middle East operations from the emirate, particularly in the oil business...

    read more
    Source: Gulf News   Published: December 28, 2016
  • Which way for Dubai property in 2017?

    Which way for Dubai property in 2017?

    The market was fragmented in 2016, with rents holding strong and sale prices dipping

    It's almost time to call it wraps for 2016. The year has been a mixed bag of fortunes for the Dubai property sector, with affordable properties leading recovery while the prime market continuing to feel the pressure both in the sales and rental markets.

    read more
    Source: Khaleej Times   Published: December 27, 2016
  • Dubai tenants to benefit from rent reductions in 2017, says Core Savills

    Dubai tenants to benefit from rent reductions in 2017, says Core Savills

    Core Savills CEO, David Godchaux, says: “We continue to see rents in lease renewals to be market down or at least see no change. The trend of tenants moving out to outer areas, trading connectivity for larger units, exists, however, it is still slow as the cost offset doesn’t match up to the inconvenience and charges incurred.”

    read more
    Source: Press Release, Zawya   Published: December 19, 2016
  • Dubai rents to fall as more homes on cards

    Dubai rents to fall as more homes on cards

    Yet another consultancy predicts that residential rents in Dubai will fall by up to four per cent in the next 12 months

    Core Savills estimates that peripheral communities such as Jumeirah Village and Dubailand will see rents drop by two to four per cent as more supply is delivered. However, rents are likely to remain steady in prime communities in 2017 owing to limited new supply and consistent demand.

    read more
    Source: Khaleej Times   Published: December 19, 2016
  • All depends on 2017 supply for Dubai home rents

    All depends on 2017 supply for Dubai home rents

    If 20,000 units do get delivered, it would bring some welcome relief to residents burdened by high rents

    Dubai: Residents burdened by paying out high rents could be in for some respite in 2017 — 20,000 new homes are to be delivered next year and the majority of them in more affordable locations such as Sports City, Dubailand and Silicon Oasis. The three locations could make up 50 per cent of...

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    Source: Gulf News   Published: December 19, 2016
  • Luxury warms up in a cool market

    Luxury warms up in a cool market

    By Hina Navin, Special to Property Weekly

    Luxury real estate in Dubai was hit, but insiders say it never was seriously threatened by the slow performance that dominated the marketplace in past few quarters. Dubai remains firmly a hotspot for wealthy buyers looking for high-end property, especially with solid combination...

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    Source: GN Property   Published: December 14, 2016
  • Beirut beckons as Omnicom Media Group moves some jobs out of Dubai

    Beirut beckons as Omnicom Media Group moves some jobs out of Dubai

    The slowdown in the advertising industry has led one of the region’s biggest agencies to transfer some staff from Dubai to Beirut to trim costs.
    Omnicom Media Group is shifting staff from its Dubai Media City regional headquarters to Beirut as big brands slash marketing budgets and corporates across the region cut back on spending.

    read more
    Source: The National   Published: December 04, 2016
  • SME profile: Dubai self-storage strategist likes to think out of the box

    SME profile: Dubai self-storage strategist likes to think out of the box

    It seems appropriate in The Year of Reading to step into Wadih Haddad’s office in Al Quoz and find shelves stacked with business books.
    The chief executive of the self-storage company The Box has copies of lots of business biographies, management manuals and investment guides, with the shelves containing everything from Good to Great by Jim Collins to the appropriately named Never Give Up by Donald Trump.

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    Source: The National   Published: December 03, 2016
  • Dubai Marina location without the stairs for Dh11.5m

    Dubai Marina location without the stairs for Dh11.5m

    Known as a city in which penthouse living is very much in vogue, Dubai’s urbanites have traditionally been drawn towards the tallest towers with the finest city views.
    But high profile building fires such as a blaze which engulfed the Address Downtown Dubai tower on New Year’s Eve last year and a...

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    Source: The National   Published: November 24, 2016
  • Springs and Meadows are not for bargain chasers

    Springs and Meadows are not for bargain chasers

    Two of Dubai's original freehold locations are blowing hot in value gains

    “There are definitely more buyers in this district than sellers, particularly for The Springs due to the lower entry point, a perceived maturity reached by the Emirates Living communities, and a deeper market than in many other smaller developments,” said David Godchaux, CEO...

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    Source: Gulf News   Published: November 23, 2016
  • 'Time to buy property in Dubai is right now', says JLL

    'Time to buy property in Dubai is right now', says JLL

    Dubai residential property prices to rise 4-5% in 2017, particularly in affordable areas such as Silicon Oasis, Discovery Gardens, Motor City

    Dubai’s residential property market is set to rebound next year with prices expected to increase by 4 to 5 percent, Craig Plumb, head of research, MENA, JLL, told Arabian Business.

    read more
    Source: Arabian Business   Published: November 23, 2016
  • Dubai property prices to rise in 2017, but how quickly?

    Dubai property prices to rise in 2017, but how quickly?

    Brokers and analysts are certain that Dubai residential house prices will rise next year but disagree over the speed of the property market’s recovery. Two reports yesterday by JLL and dubizzle and by Core Savills are forecasting that Dubai’s property market will recover much faster than the end of next year, which their rival Cluttons had set as a target on Sunday.

    read more
    Source: The National   Published: November 21, 2016
  • Affordable housing 'accounts for 50 pc of Dubai property searches, sale'

    Affordable housing 'accounts for 50 pc of Dubai property searches, sale'

    Separate research by Core Savills and Propertyfinder.ae reveal low- to mid-market real estate is outperforming other sectors

    Affordable housing in Dubai is outperforming a sluggish real estate market, with almost half of property search enquiries and sales transactions recorded in this sector, new research reveals.

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    Source: Arabian Business   Published: November 21, 2016
  • Bargains emerge in Dubai's luxury properties

    Bargains emerge in Dubai's luxury properties

    Some sellers exit at lower prices in locations such as Downtown and Dubai Marina

    The Core Savills reports holds out a warning that prime luxury realty in Dubai could yet see some declines next year. “We expect prime apartment districts - such as Downtown, Dubai Marina and Palm Jumeirah - to decline 2-5 per cent further until early 2017,” it adds.

    read more
    Source: Gulf News   Published: November 21, 2016
  • Work in Dubai but live in... Fujairah?

    Work in Dubai but live in... Fujairah?

    Hyperloop can entice residents to look at property options in Northern Emirates

    "We have to be very cautious since this is not a transportation means that has been built anywhere else in the world and it's speculative at this stage to say how much it would cost. But it is likely that during the first few years, the very high costs would not appeal to the mass market," said David Godchaux, CEO of Core Savills.

    read more
    Source: Khaleej Times   Published: November 20, 2016
  • Stronger dollar could hold back Dubai property recovery

    Stronger dollar could hold back Dubai property recovery

    The rally in the US dollar since Donald Trump’s election last week risks delaying Dubai’s property market recovery, according to experts.
    The strength of the dollar has been cited as a contributing factor to the decline in Dubai’s property market since mid-2014 as the UAE dirham’s peg to the currency has made homes more expensive for buyers from most countries.

    read more
    Source: The National   Published: November 15, 2016
  • Dubai property gets the Gen Y boost

    Dubai property gets the Gen Y boost

    Millennials account for almost half of Dubai's total population of 2.5m

    With high disposable income, Dubai's millennials make up the bulk of first-time buyers, a fact that holds true more for Western and Arab expats than for Asians, who prefer to make their first property.

    read more
    Source: Khaleej Times   Published: November 13, 2016
  • How will President Trump affect GCC construction?

    How will President Trump affect GCC construction?

    There will be plenty of uncertainty for Middle East construction and property markets now that a Trump presidency is imminent, experts say.

    David Godchaux, chief executive officer of Core, UAE associate of Savills, told Construction Week: "We have to exercise prudence at this stage." Godchaux pointed out that there is always uncertainty after elections, and that this is likely to be more pronounced given the surprise nature...

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    Source: Construction Week   Published: November 09, 2016
  • Visitors to Dubai spend twice as much as tourists in other major cities

    Visitors to Dubai spend twice as much as tourists in other major cities

    Visitors to Dubai are by far the highest spending tourists in the world, splashing out nearly twice the average of 11 other major cities around the world including New York and London, according to new research.
    Savills' latest 12 Cities report found that around 901 million domestic and overseas visitors were attracted to the twelve cities examined during...

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    Source: Arabian Business   Published: November 06, 2016
  • Dubai boasts highest spending tourists worldwide

    Dubai boasts highest spending tourists worldwide

    Tourists in Dubai spend almost twice as much money while visiting Dubai compared to those visiting other major cities, including London or New York, according to the results of a new study released by Core Savills.
    Dubai ranked eighth on Savills’ list of the most attractive cities for tourists in 2015, ranking after Paris and before Mumbai and was only Arab city on...

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    Source: Hotelier Middle East   Published: November 03, 2016
  • Dubai's coolest destination to work has other plans too

    Dubai's coolest destination to work has other plans too

    Dubai Design District will soon be taking decisions on its residential mix

    Dubai: Dubai’s coolest location to work could yet be the place to live as well. And all that with a canal by its side. The developer of Dubai Design District confirmed that a decision on the residential components will be taken once the infrastructure works at the 21 million square feet destination...

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    Source: Gulf News   Published: November 02, 2016
  • Dubai tourists spend nearly twice as much as those visiting other major cities

    Dubai tourists spend nearly twice as much as those visiting other major cities

    Tourists in Dubai spend almost twice as much money while visiting the emirate as those holidaying on other major cities such as London or New York, according to the results of a new study released on Monday. “The research shows the highest spending visitors, by far, are Dubai’s, who spend nearly twice the average of our 12 cities,” said David Godchaux, CEO of Core Savills, the Dubai subsidiary of international real estate agency Savills.

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    Source: Zawya   Published: November 01, 2016
  • Visitors to Dubai outspend tourists across the world

    Visitors to Dubai outspend tourists across the world

    Visitors to Dubai outspend tourists in other major cities across the globe.
    And the huge influx of holidaymakers bolsters the city’s population on average by 10 per cent, which equates to 500 people per sq km. The data was revealed in Core Savills’ 12 Cities H2 report, which lays bare how crucial tourism is to the world’s top cities.

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    Source: 7 Days   Published: November 01, 2016
  • Visitors to Dubai splash far more cash than tourists in other global city hotspots

    Visitors to Dubai splash far more cash than tourists in other global city hotspots

    Visitors to Dubai are "by far" the biggest spenders among tourists to international cities including London, New York, Tokyo and Paris, according to new research by Core Savills.
    Overseas travellers to the emirate spend almost twice the average of 12 cities surveyed by Savills. "The research shows the highest...

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    Source: The National   Published: October 31, 2016
  • Dubai housing rents fall further by 2 per cent in Q3

    Dubai housing rents fall further by 2 per cent in Q3

    One-bed flats post biggest decline, according to latest market data

    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 than in the second quarter.

    read more
    Source: Gulf News   Published: October 30, 2016
  • Overnight visitors spend mega bucks in Dubai

    Overnight visitors spend mega bucks in Dubai

    This has swelled the figures for F&B and retail compared with other cities, says Savills

    DUBAI: Dubai’s hotel and retail sector expansion strategy that overlooks short-term growth concerns is spot on — the city will need all of the extra capacity once the visitor numbers start heading up again, according to a new report brought out by Savills, the real estate consultancy.

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    Source: Gulf News   Published: October 27, 2016
  • International Real Estate and Investment Show 2016 kicks-off tomorrow at ADNEC

    International Real Estate and Investment Show 2016 kicks-off tomorrow at ADNEC

    Free-to-attend International Conference at IREIS 2016 to Highlight Key Global and Regional Real Estate Market Trends and Dual Citizenship Opportunities for Investors

    Abu Dhabi, UAE – The eighth edition of the International Real Estate and Investment Show (IREIS 2016), the only real estate event in Abu Dhabi...

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    Source: Zawya   Published: October 26, 2016
  • Dubai developer expects market recovery in 2017

    Dubai developer expects market recovery in 2017

    Dubai's real estate market might be in a bit of a slump at the moment, but Ali Rashid Lootah, Chairman of Nakheel Properties, remains confident in the prospects for the city. Speaking to PropertyGuru, Lootah shared that the market has already hit the bottom, and is unlikely to continue declining. Lootah also suggests that the dip in prices was brought about by a previous rapid escalation in prices which meant that the market was due for a correction.

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    Source: PropertyGuru Singapore, Yahoo News Singapore   Published: October 23, 2016
  • Some DIFC offices commanding rents 20 percent higher than Dubai average

    Some DIFC offices commanding rents 20 percent higher than Dubai average

    New Core Savills report also says average rentals remained flat across most submarkets during third quarter of 2016

    Smaller offices in Dubai International Financial Centre (DIFC) are commanding a 15-20 percent higher rent than the market average due to a lack of availability of similar unit sizes, according to a new report.

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    Source: Arabian Business   Published: October 21, 2016
  • Banks of Dubai canal will be prime property: Experts

    Banks of Dubai canal will be prime property: Experts

    Developers are sure to leverage the waterfront to add more value to their property portfolios.

    The Dubai Water Canal is all set to start flowing starting November. However, scant details have emerged of the residential, hospitality and other leisure attractions that will flank the banks.

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    Source: Khaleej Times   Published: October 19, 2016
  • UAE: Commercial rents stay low in Q3 2016

    UAE: Commercial rents stay low in Q3 2016

    Average rentals remained low across most submarkets throughout Q3, according to the Dubai Office report from Core Savills.
    After a sharp annual drop of more than 20%, rents have finally reached its lowest in Jumeirah Lake Towers (JLT), with the lower rental range...

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    Source: Construction Week   Published: October 18, 2016
  • Office rents flat or falling in most Dubai submarkets - report

    Office rents flat or falling in most Dubai submarkets - report

    Dubai Design District was the only area to show an increase in rents in the third quarter, with an average 15% rise

    Average office rents in most submarkets of Dubai were flat or fell during the third quarter, according to Core Savills. Rents in six areas – Sheikh Zayed Road, DIFC, Tecom, Business Bay, Deira and DAFZA – were unchanged during the period, the latest Dubai Office Report shows.

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    Source: ME Construction   Published: October 18, 2016
  • Office rents in Dubai continue to fall

    Office rents in Dubai continue to fall

    Office rents in Dubai continued to come under pressure in the third quarter of the year as companies retrenched staff and considered future strategy.
    According to the latest Dubai Office Report from Core Savills, average office rents in nearly half (six) of the submarkets the broker analyses fell during the three months to the end of September including Downtown Dubai, JLT, Bur Dubai and Garhoud.

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    Source: The National   Published: October 17, 2016
  • Dubai's prime office locations are running hot

    Dubai's prime office locations are running hot

    Tecom and D3 continue record high occupancy while JLT is seeing a turnaround

    The clusters in Tecom (now known as Barsha Heights) and the funky Dubai Design District continue to be the top performing office clusters in Dubai, while there is a turnaround in the fortunes of JLT (Jumeirah Lake Towers) during the third quarter.

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    Source: Gulf News   Published: October 17, 2016
  • Twice as many UAE residents are looking for home loans

    Twice as many UAE residents are looking for home loans

    It's exciting times in the Dubai real estate market. This year, we've had a host of new housing developments come online, and property giants have shown off plans for plenty more projects, which should be ready in time for Expo 2020.

    read more
    Source: Khaleej Times   Published: October 11, 2016
  •  Race on for next world's tallest tower

    Race on for next world's tallest tower

    The race is on to claim the title of the world’s tallest tower, with ground now broken on “The Tower at Dubai Creek Harbour”. The first step in the project’s lifecycle was overseen by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

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    Source: Gulf News   Published: October 11, 2016
  • New property ad regulations will force a rethink

    New property ad regulations will force a rethink

    Dubai: Property related advertising — especially those marketing overseas properties — is in for a period of readjustment brought on by Dubai’s strict new licensing requirements on all such ads. For media buying houses and the many media platforms this could mean a further loss of income from property-driven ad campaigns, at least in the short term.

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    Source: Gulf News   Published: October 06, 2016
  •  Russian developer sails in with AED 40m plus Palm villas

    Russian developer sails in with AED 40m plus Palm villas

    Got Dh40 million and some spare change — for registration fees and related costs — on you? Or how about Dh75 million? If the answers are “yes”, then a developer has got the villas — with private beach access, of course — for you on The Palm.

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    Source: Gulf News   Published: October 05, 2016
  • Dubai property market recovery may already be under way

    Dubai property market recovery may already be under way

    The head of Dubai broker Core Savills believes that the recovery of the emirate’s property market may have already begun. In response to a commentary article in The National by veteran Dubai markets commentator Peter Cooper, which suggested that now is the best time to buy property in Dubai, Core Savills’ chief executive David Godchaux said: "I actually think, and this is not to be provocative, that in many areas the right time to...

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    Source: The National   Published: October 02, 2016
  • Real estate brokers in Dubai now need to gain approval for property ads

    Real estate brokers in Dubai now need to gain approval for property ads

    Dubai property brokers will need approval before issuing advertisements and social media campaigns under new rules. Brokers this week received a circular from the Real Estate Regulatory Agency (Rera) alerting them to the need to apply for permits before issuing "any real estate announcements" – this includes print and radio ads, as well as those posted on social media such as Facebook and Twitter.

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    Source: The National   Published: September 27, 2016
  • Dubai set to gain as prime London home values slide

    Dubai set to gain as prime London home values slide

    Post-UK referendum uncertainty has compounded the impact of successive tax rises on values in London’s prime housing market and will delay the sector’s return to growth while boosting the Dubai market, according to a report by the international property adviser Savills.

    read more
    Source: The National   Published: September 21, 2016
  • Housing The Missing Middle

    Housing The Missing Middle

    When, in February 2015, a relatively rookie developer Nshama launched Town Square, a sprawling 750-acre development in Dubai, investors took note. Oil prices were sliding – although they had yet to touch their record lows - and Dubai’s real estate deals were facing headwinds due to volatility in certain markets.

    read more
    Source: Forbes Middle East   Published: September 15, 2016
  • Post-Brexit, it is about managing investor expectations

    Post-Brexit, it is about managing investor expectations

    There's the Brexit in the perceptions of overseas investors and then there is the reality within London's property market... and right now, it's difficult to merge the two positions. ''Nothing like a downturn is happening in London now,'' said Hugo Thistlethwayte, Director and Head of International Residential (Operations) at Savills. ''But it's a tough sell with investors because their impression is bargains are there for the taking in London."

    read more
    Source: Gulf News   Published: September 14, 2016
  • Plot sales offer silver lining for Dubai developers

    Plot sales offer silver lining for Dubai developers

    Master-developers in Dubai have cottoned on to the best way to overcome the soft demand for high-end property, sell plots instead. A trend that was initially limited to one or two developers is now gaining wider acceptance, and even have them targeting not just the very high net worth investor.

    read more
    Source: Gulf News   Published: September 14, 2016
  • Penalty for delays... Why Dubai's new home owners are not moving in any time soon

    Penalty for delays... Why Dubai's new home owners are not moving in any time soon

    “But where’s my property?” The many who bought into the great off-plan launches Dubai realty saw from 2012 are starting to ask this question of their developers … and probably not getting much by way of a reply. For them, the long wait continues for their properties to be delivered. It is widely estimated that only 60 per cent or so of these launches have gone through the handover process.

    read more
    Source: Gulf News   Published: September 08, 2016
  • Property agents bullish as polls show residents keen to buy

    Property agents bullish as polls show residents keen to buy

    Dubai’s strengthening property market, the struggle for families to secure a home deposit and a new ‘downtown for the desert’ were among the buzzwords on the lips of delegates at the second day of Cityscape Global. The general sentiment among industry figures was that aside from past downturns and a drop in oil prices, the emirate’s property sector is gaining the confidence of potential buyers.

    read more
    Source: 7Days   Published: September 08, 2016
  • Half of Dubai tenants 'want to buy own property'

    Half of Dubai tenants 'want to buy own property'

    Just over half of tenants in Dubai plan to buy their own property, a survey suggests. Core Savills’ Dubai Residential Sentiment Survey, conducted among 700 existing tenants, indicates a growing appetite to own, with 51 percent saying they plan to buy a property in Dubai “in the future” and 27 percent of those saying they intend to buy within the next 12 months.

    read more
    Source: Arabian Business   Published: September 07, 2016
  • Where exactly is the centre of Dubai?

    Where exactly is the centre of Dubai?

    By David Godchaux

    Identifying the boundaries of the centre in any large metropolitan area is an interesting - and often controversial - exercise, as central real estate prices typically command a premium.

    read more
    Source: Arabian Business   Published: September 06, 2016
  • Should the mortgage regulations be relaxed?

    Should the mortgage regulations be relaxed?

    The difficulty to secure finance is the greatest deterrent to potential property buyers. CEO David Godchaux talks more about the latest Core-Savills Dubai Residential Market Sentiment Survey on Dubai Eye.

    read more
    Source: Dubai Eye Business Breakfast   Published: September 06, 2016
  • Dubai home prices set to recover in the next 12 months

    Dubai home prices set to recover in the next 12 months

    CEO David Godchaux chats live on the Dubai Eye's Drive Live show to discuss some of the findings from the recent Dubai Residential Market Sentiment Survey, as part of the weekly Understanding Property feature.

    read more
    Source: Dubai Eye - Dubai Drive Live   Published: September 05, 2016
  •  Prime properties: Dubai Canal set to make waves

    Prime properties: Dubai Canal set to make waves

    It would appear to be the year of the big project once again in Dubai. The Opera House has opened its doors, the IMG Worlds of Adventure Theme Park has blasted off and now the mammoth Dubai Water Canal is set to be unveiled at the end of the year.

    read more
    Source: Gulf News   Published: September 05, 2016
  • New movie studio in the frame at London's largest regeneration project

    New movie studio in the frame at London's largest regeneration project

    The biggest single regeneration project in London, which features a major new film studio, is on show at Dubai’s Cityscape Global this week. The £8.4 billion (Dh41.01bn) Greenwich Peninsula and its latest residential development Upper Riverside consists of prime waterfront real estate surrounded on three sides by the River Thames.

    read more
    Source: The National   Published: September 04, 2016
  • Dubai real estate - which way will it go?

    Dubai real estate - which way will it go?

    After almost two years of declining property prices, Dubai’s real estate industry is hoping a recovery is imminent. However, many people fear the slowdown could continue for a while longer as global economic uncertainty dents investor sentiment in the Gulf. In July, most of the emirate’s biggest real estate consultancies recorded declining sales prices for the sixth consecutive quarter.

    read more
    Source: Arabian Business   Published: September 04, 2016
  • Knight Dragon to launch London's largest single regeneration project during Cityscape Global 2016

    Knight Dragon to launch London's largest single regeneration project during Cityscape Global 2016

    Leading London developer Knight Dragon will showcase exceptional investment opportunities within London’s largest single urban regeneration project at Cityscape Global 2016.Greenwich Peninsula and its latest residential development Upper Riverside are being unveiled to international investors in Dubai for the first time, with opportunities for GCC investors to purchase prime waterfront real estate directly on the River Thames.

    read more
    Source: Zawya   Published: September 03, 2016
  •  Dubai house prices move into positive territory for first time in two years

    Dubai house prices move into positive territory for first time in two years

    House prices in Dubai moved into positive territory for the first time in two years in the second quarter, according to Core Savills. The property consultancy said that after seven consecutive quarterly declines, Dubai’s residential sales market witnessed a 1 per cent marginal quarter-on-quarter growth in the three months to June.

    read more
    Source: The National   Published: September 01, 2016
  • Find out why City Walk is the latest must-live development in Dubai

    Find out why City Walk is the latest must-live development in Dubai

    Manisha Dayaram, Head of Projects at Core UAE, associate of Savills, the realtors of the exclusive City Walk complex, reveals why Meraas’s celebrated project is a unique expat haven.

    read more
    Source: DesignFix   Published: August 31, 2016
  • Wasl's Port Views project in Bur Dubai to contain almost 1,500 apartments, three hotels

    Wasl's Port Views project in Bur Dubai to contain almost 1,500 apartments, three hotels

    Wasl Group has launched a major mixed-use project in Bur Dubai that is set to contain almost 1,500 apartments and three mid-market hotels with a total of 528 rooms and serviced apartments. The organisation said that the Port Views project is being built on a 1 million square feet site close to Port Rashid in Bur Dubai. It will house 1,477 apartments, the three hotels, shops, restaurants, a health club, a mosque and a public park.

    read more
    Source: The National   Published: August 28, 2016
  • Dubai's double-digit property price rises 'gone forever'

    Dubai's double-digit property price rises 'gone forever'

    The era of double digit property price increases in Dubai has gone for good and the market will be much more stable in the run up to Expo 2020, according to industry expert David Godchaux, CEO of Dubai-based Core, UAE associate of Savills.

    read more
    Source: Arabian Business   Published: August 27, 2016
  • Rent in Dubai continues to fall

    Rent in Dubai continues to fall

    The downward trend of apartment rental prices in Dubai continues. According to the latest data from real estate website Bayut, the average rental price for a studio apartment in the city was AED57,000, meaning that it has fallen by six percent since the start of the year.

    read more
    Source: Shortlist Dubai   Published: August 24, 2016
  • Core UAE: Dubai property market reaching maturity

    Core UAE: Dubai property market reaching maturity

    Dubai’s real estate market is likely to reach maturity in the lead-up to Expo 2020, according to David Godchaux, chief executive officer of Core, UAE associate of Savills.

    Speaking ahead of Cityscape Global 2016, which will take place in Dubai from 6-8 September, Godchaux predicted an end to the boom and bust nature of the emirate's pre-crisis real estate market.

    read more
    Source: Construction Week   Published: August 22, 2016
  • Rent 1-bed unit in world's tallest residential tower in Dubai for AED299

    Rent 1-bed unit in world's tallest residential tower in Dubai for AED299

    A Dubai-based real estate brokerage firm is offering a one-bedroom apartment in Princess Tower, the world’s tallest residential tower, for rent at Dh299 a day.

    read more
    Source: Emirates 24/7   Published: August 18, 2016
  • Office demand remains strong in Dubai's free zones

    Office demand remains strong in Dubai's free zones

    Free-zone areas in Dubai continue to maintain strong demand for office space while the economic slowdown seems to curb appetite for office space, the latest research from an international real estate consultancy said.

    read more
    Source: Khaleej Times   Published: August 17, 2016
  • Dubai becomes more affordable

    Dubai becomes more affordable

    Dubai ranks eighth in a list of the world's most expensive cities for companies to accommodate staff, according to the Savills Live-Work Index.

    read more
    Source: Khaleej Times   Published: August 14, 2016
  • Dh114m historic German villa comes with the Berlin Wall in the garden - in pictures

    Dh114m historic German villa comes with the Berlin Wall in the garden - in pictures

    Just 24 kilometres from Berlin’s city centre, the affluent suburb of Potsdam, the former residence of the Prussian kings and the German kaiser until 1918, is again starting to attract the sort of well-heeled European elites that built their mansions there nearly a century ago.

    read more
    Source: The National   Published: August 12, 2016
  • A glimpse on affordable offices in Dubai

    A glimpse on affordable offices in Dubai

    Dubai is one of the most welcoming places in the world for start-up businesses, with a wide selection of free zones and onshore locations offering competitive rents, according to a report by Core Savills UAE.

    read more
    Source: GN Property   Published: August 12, 2016
  • Sluggish trade weighs on Dubai warehouse rents

    Sluggish trade weighs on Dubai warehouse rents

    Weak global trade volumes and oil price volatility have resulted in a fall in rents in Dubai's industrial real estate sector during summer. Despite being the regional logistics hub, Dubai is seeing weak demand for its warehouses, according to Core, the UAE associate of Savills.

    read more
    Source: Khaleej Times   Published: August 10, 2016
  • Dubai remains in top 10 most expensive places to live

    Dubai remains in top 10 most expensive places to live

    Core, UAE Associate of Savills, CEO David Godchaux talks about the latest Live/Work Index report published by Savills.

    read more
    Source: Dubai Eye - Business Breakfast   Published: August 10, 2016
  • Live-Work Index: How expensive is Dubai vs New York, London, Hong Kong

    Live-Work Index: How expensive is Dubai vs New York, London, Hong Kong

    Dubai remains in the list of top 10 most expensive cities to live and work in, despite office and residential rentals softening, according to Savills Live-Work Index.

    read more
    Source: Emirates 24/7   Published: August 10, 2016
  • Dubai holds top 10 spot in world's most expensive cities to live and work

    Dubai holds top 10 spot in world's most expensive cities to live and work

    Dubai is still in the top 10 most expensive cities in the world to live and work, according to a new study. The Savills Live/Work Index placed Dubai in eighth, despite a fall in property and office rents in the past year amid weakened oil prices, which has affected occupier demand.

    read more
    Source: The National   Published: August 9, 2016
  • Industrial rents dry out with summer months

    Industrial rents dry out with summer months

    The average rents in Dubai's Industrial real estate sector have declined over the summer months.

    The latest Industrial Market Performance report for summer 2016 from Core, UAE Associate of Savills, reveals the global trade volume and continuing oil price fluctuation is impacting demand for industrial and warehousing real estate.

    read more
    Source: The Big 5 Hub   Published: August 07, 2016
  • New York tops London as most expensive city after Brexit vote

    New York tops London as most expensive city after Brexit vote

    The total annual cost per employee of living and working accommodation in New York is now put at $114,010

    New York now ranks as the world's most expensive city in which to accommodate staff, according to report by real estate firm Savills.
    This is despite recent signs of slowing office rents and elevated use of incentives and concessions to both office and residential tenants in...

    read more
    Source: Khaleej Times   Published: August 06, 2016
  • Industrial rents falling across Dubai

    Industrial rents falling across Dubai

    CEO David Godchaux says: "Many of the existing occupiers are trying to optimize current footprint and evaluate relocation costs while new entrants are generally cautious when undertaking their first phase expansions in the region. This has led to a marginal release in supply, albeit mostly in the Grade B category.

    read more
    Source: Zawya   Published: August 04, 2016
  • Housing decree for low-wage UAE workers will not push up costs, say experts

    Housing decree for low-wage UAE workers will not push up costs, say experts

    A decree issued this month to ensure that workers paid below Dh2,000 per month must be provided free housing by employers is not likely to push up costs of worker accommodation in the UAE, according to experts.
    The decree issued by the Ministry of Human Resources and Emiratisation states that any employer hiring more than 50 workers must...

    read more
    Source: The National   Published: July 30 2016
  • Tenants pay premium to rent top floor units in Dubai

    Tenants pay premium to rent top floor units in Dubai

    Emaar-developed community will receive 4,000 new units by 2020

    Higher floors in tall towers in Dubai Marina command over 20 to 30 per cent premium in the rental and sales market, according to property consultancy Core.

    read more
    Source: Emirates 24|7   Published: July 25, 2016
  • UAE worker housing set to be the next investor hotspot

    UAE worker housing set to be the next investor hotspot

    UAE-based companies with more than 50 staff are now required to provide free housing for workers earning less than $544 per month.

    Worker housing projects in the United Arab Emirates (UAE) are expected to draw increased interest from investors after the government issued a decree last week requiring companies with more than 50 employees to provide free accommodation for those earning less than 2,000...

    read more
    Source: Zawya   Published: July 25, 2016
  • Market favours buyers

    Market favours buyers

    What do you get when prices are low and rents are high? A buyer’s market, which is how industry players have characterised Dubai’s real estate sector this year. Real estate sales prices in the emirate are already considerably lower than in cities such as London, New York, Hong Kong, Paris, Mumbai, Singapore and Sydney, according to Savills World Research, but rental rates here are far more expensive, resulting in one...

    read more
    Source: Hina Navin, Special to Property Weekly, Gulf News   Published: July 20, 2016
  • Land prices along Dubai's Route 2020 likely to surge: Experts

    Land prices along Dubai's Route 2020 likely to surge: Experts

    Land prices in master communities along Dubai Metro's proposed Route 2020 extension could see an upsurge in the lead-up to Expo 2020 as developers take advantage of accessibility afforded by the network, experts opine.

    read more
    Source: Zawya.com   Published: July 20 2016
  • Transactions worth Dh113b posted in first half of 2016

    Transactions worth Dh113b posted in first half of 2016

    Realty transactions worth Dh113 billion were achieved in Dubai in the first six months of 2016 through 28,251 sales, mortgages and other transactions, the Dubai Land Department (DLD) said. This compares to the Dh129 billion registered in the corresponding period of 2015 and Dh113 billion recorded in the same half of 2014.

    read more
    Source: Khaleej Times   Published: July 19 2016
  • Business occupancy falls 3 per cent in Business Bay in Dubai

    Business occupancy falls 3 per cent in Business Bay in Dubai

    According to the latest figures released by Core, UAE Associate of Savills, the official occupancy rates in the Business Bay recorded a fall of 3 per cent during the previous quarter.

    read more
    Source: Top News Arab Emirates   Published: July 18 2016
  • DLD to look at stimulating affordable housing development in Dubai

    DLD to look at stimulating affordable housing development in Dubai

    Dubai Land Department (DLD) is undertaking a study on how to develop the emirate's affordable housing sector and is expected to make policy recommendations this year.

    read more
    Source: Arabian Business   Published: July 17 2016
  • Dubai office rents dragged down amid glut of new supply

    Dubai office rents dragged down amid glut of new supply

    Office rents in some of Dubai’s most established business locations fell in the three months to the end of June as a glut of new office stock drove markets south, according to Core, the UAE associate of property broker Savills.

    read more
    Source: The National   Published: July 14 2016
  • Rents in prime central Dubai offices drop 6%

    Rents in prime central Dubai offices drop 6%

    The upscale office towers on Shaikh Zayed Road are facing intense rental pressures — from the new commercial properties coming just up — and off — Dubai's main highway. So much so, the older offices have seen average rental declines of 6 per cent from the new Grade A supply in Dubai Trade Centre District (DTCD) and Dubai Design District (D3).

    read more
    Source: Gulf News   Published: July 14 2016
  • 6 per cent drop in prime central Dubai office rents

    6 per cent drop in prime central Dubai office rents

    Prime central Dubai, both Downtown and Sheikh Zayed Road, saw a 6% drop in rents in Q2 2016 as they experienced growing competition from the arrival of new Grade A supply at Dubai Trade Centre District and Dubai Design District, coupled with competitively priced stock at Business Bay.

    read more
    Source:   Published: July 14 2016
  • Rent declines likely on new tenancies in Dubai

    Rent declines likely on new tenancies in Dubai

    This summer in Dubai has been one of the busiest yet for expatriates to relocate, say industry watchers. While the summer months of May and June traditionally see several families waiting for the school term to come to a close before they relocate, this year has seen a spike in international moving by expatriates in the UAE.

    read more
    Source: Khaleej Times   Published: July 13 2016
  • Dubai Investment: So far so good

    Dubai Investment: So far so good

    At the macro level, the aftermath of the UK’s vote to exit the European Union seems to be the only latest event to inject a further dose of uncertainty in the global markets. In its World Economic Outlook report in April, Too Slow for Too Long, the International Monetary Fund (IMF) brought down its global growth forecast this year to 3.2 per cent from 3.4 per cent, although growth is projected to strengthen to 3.5 per cent next year.

    read more
    Source: GN Property   Published: 13 July 2016
  • Prime property to outperform market - better days ahead

    Prime property to outperform market - better days ahead

    Prime residential real estate will continue to drive the sentiment-driven market in the second half of the year, analysts say. According to David Godchaux, CEO of Core, UAE associate of Savills, ultra-high-net-worth individuals (UHNWIs) remain attracted to Dubai's ultra-prime property developments.

    read more
    Source: GN Property   Published: July 14 2016
  • Dubai Canal project offers new pathways of prosperity

    Dubai Canal project offers new pathways of prosperity

    The completion of the Dubai Canal project over the next few months could help to transform the city by opening a waterway, currently stranded in Business Bay, for leisure use and by creating swathes of valuable new real estate. The 3.2-kilometre extension of Dubai Canal from Business Bay to the Arabian Gulf is progressing at pace

    read more
    Source: The National   Published: June 30, 2016
  • Brexit: UK property cheaper for Gulf buyers

    Brexit: UK property cheaper for Gulf buyers

    The inevitable has happened. Britain has overwhelmingly voted to leave the European Union (EU). So, what does it imply for investors from the Gulf and Middle East who have invested billions of dollars in the UK property market?

    read more
    Source: Khaleej Times   Published: June 25, 2016
  • Attention expats! You can own land in UAE

    Attention expats! You can own land in UAE

    Gone are the days when expats had to stifle their dreams to own a property in the UAE as wide options are available today for them to invest in plots and apartments across the seven emirates. Dubai remains a popular choice for majority of expatriates who consider the UAE as their second home and prefer to have an apartment in the emirate.

    read more
    Source: Khaleej Times   Published: June 23, 2016
  • Emirates Hills escapes luxury area slump in Dubai

    Emirates Hills escapes luxury area slump in Dubai

    Dubai’s most sought-after areas are seeing a significant slump in sales this year compared to the same period last year, according to a new report. Core Real Estate charted transactions in the first six months of this year when measured against H1 in 2015.

    read more
    Source: 7Days   Published: June 22, 2016
  • Sales of prime villas on Dubai's Palm Jumeirah fall 44 per cent

    Sales of prime villas on Dubai's Palm Jumeirah fall 44 per cent

    The number of the most expensive villas sold on Dubai’s prestigious Palm Jumeirah fell by nearly half in the first six months of 2016 compared with a year earlier as sellers shied away from marketing property in a falling market.

    read more
    Source: The National   Published: June 21, 2016
  • Where will the next big area in Dubai be?

    Where will the next big area in Dubai be?

    CEO David Godchaux chats live on the Dubai Eye Drive Live show with hosts Tim Elliott and Ana Schofield about the latest trends in Dubai's property market as part of the weekly Understanding Property feature.

    read more
    Source: Dubai Eye   Published: June 13, 2016
  • Positive outlook for Dubai's residential market

    Positive outlook for Dubai's residential market

    Dubai's prime residential market is expected to remain buoyant until 2020 according to the latest report from Core, UAE associate of Savills. The in-depth H1 Dubai Investment Outlook report reveals the prime residential market will benefit from limited availability in the few established areas and the steady demand, aided by the growing pool of regional and global investors looking to re-enter the bottoming market.

    read more
    Source: The Big 5 Hub   Published: June 13, 2016
  • How is construction affecting UAE real estate?

    How is construction affecting UAE real estate?

    In late-May, property specialist Core, UAE associate of Savills, announced its Dubai Investment Outlook H1 2016 report noting that residential, office and warehousing locations performed strongest during the first six months of the year, while grade-B secondary location offices, affordable residential developments, and four- and five-star hotels proved less attractive investment options.

    read more
    Source: Construction Week Online   Published: June 12, 2016
  • Reform wage structure of real estate brokers

    Reform wage structure of real estate brokers

    When motivated to "sell for survival", client-orientated selling can become a sequence of contrived, painful-to-watch cavalcades. Remarkably, the dilemma real estate brokers face is not becoming aware of these biases alone, rather it's the ensuing dissonance experienced when the "inner moral compass" conflicts with the necessity to put bread on the table.

    read more
    Source: Khaleej Times   Published: June 7, 2016
  • UAE as a shopping haven

    UAE as a shopping haven

    The UAE’s retail real estate segment has been growing fast and ranked among the world’s most competitive. In its Global Retail Destination Index 2016 report, UK consultancy Savills states: “Dubai is forecast to report the strongest growth in retail sales over the next five years, potentially challenging London’s West End’s current global position.”

    read more
    Source: GN Property   Published: June 1, 2016
  • Risks and returns of Dubai's realty

    Risks and returns of Dubai's realty

    The latest Dubai Investment Outlook H1 2016 report from Core, UAE associate of Savills, reveals a stark contrast in fortunes for real estate sectors in the emirate, with some expected to remain at the forefront, while a struggle is predicted for others.

    read more
    Source: GN Property   Published: June 1, 2016
  • Core UAE on Dubai real estate's winners and losers

    Core UAE on Dubai real estate's winners and losers

    Established prime residential, office, and warehousing locations were among Dubai’s H1 2016 real estate winners, according to Core, UAE associate of Savills. The property specialist’s Dubai Investment Outlook H1 2016 also found that mid-segment hotels and serviced apartments, and international curriculum schools, proved positive investment choices during the first six months of the year.

    read more
    Source: Construction Week Online   Published: May 30, 2016
  • Investors urged to explore 'less visible' opportunities

    Investors urged to explore 'less visible' opportunities

    Opportunities in Dubai’s less visible sectors, such as Education, Hotel Service Apartments and Industrial, are gaining traction among investors. While they may not receive the media attention of the Emirate’s Residential and Office markets, the in-depth H1 Dubai Investment Sentiment report, from Core, UAE associate of Savills, highlights a growing appetite from investors, predicted to remain over the next five years.

    read more
    Source: Press release   Published: May 30, 2016
  • No Dubai property price crash in sight, says consultancy

    No Dubai property price crash in sight, says consultancy

    A study published last week by Core, a UAE associate of Savills, said that there had been socio-economic and geopolitical deterrents to investors putting money into Dubai property. Its Dubai Investment Outlook report also said that although affordable and mainstream homes were offering higher yields for investors than prime units, historically they underperform prime property.

    read more
    Source: The National   Published: May 29, 2016
  • Dubai property prices said to fall up to $6,800 in past year

    Dubai property prices said to fall up to $6,800 in past year

    Sales prices in some parts of Dubai have slumped by up to AED25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills. Its latest Dubai Investment Outlook H1 2016 report said that while some of the emirate's ultra-prime areas have shown relative resilience to price drops since Q1 2015, others have not fared so well.

    read more
    Source: Arabian Business   Published: May 28, 2016
  • Dubai's investment strategy reveals winners and losers

    Dubai's investment strategy reveals winners and losers

    CEO David Godchaux chats live on Dubai Eye’s Business Breakfast show about the latest Dubai Investment Outlook H1 2016 research report from Core, UAE associate of Savills.

    read more
    Source: Dubai Eye 103.8   Published: May 26, 2016
  • Dubai developer deploys the power of the guaranteed returns

    Dubai developer deploys the power of the guaranteed returns

    Top of the line apartment buildings on the Palm are holding their own amid the major corrections the rest of Dubai’s property market has been through in recent quarters. “Prices in the secondary market for the Fairmont Residences, Oceana Tiara and the Anantara Residences on the Crescent are currently ranging from Dh1,250 sq. ft. up to Dh2,500,” says David Godchaux, CEO Core, UAE associate of Savills.

    read more
    Source: Gulf News   Published: May 25, 2016
  • Mega transactions on Palm lift Dubai realty

    Mega transactions on Palm lift Dubai realty

    Whatever be the reason, the wealthy are finding rich pickings on the Palm. According to data from Core, the UAE arm of the property services firm Savills, residential deals related to Palm properties have numbered 204 so far this year, with prices ranging from Dh1,145 to Dh4,930 a square foot. The most expensive villa sold during this period was a hefty Dh38 million.

    read more
    Source: Gulf News   Published: May 25, 2016
  • Property Weekly: Alpha City

    Property Weekly: Alpha City

    Dubai has emerged among the top 10 world-class cities based on economic performance and global connectedness and competitiveness, according to a new report by global real estate firm Savills. Describing Dubai as a rising world-class city, Savills’ 12 Cities report aims to capture the best features that make cities powerful and important real estate markets for both investors and occupiers.

    read more
    Source: GN Property   Published: May 18, 2016
  • French Riviera project unveiled to ME investors

    French Riviera project unveiled to ME investors

    The $141m (AED750m) Parc du Cap project on the French Riviera is set to be unveiled to potential Middle East investors at the end of May.
    Real estate consultancy Core, UAE associate Savills, will reveal the full details of the exclusive residential and spa development at their office in Downtown Dubai.

    read more
    Source: Construction Week   Published: May 18, 2016
  • Caudwell Collection to launch the first of its residential projects on the French Riviera to Middle East investors

    Caudwell Collection to launch the first of its residential projects on the French Riviera to Middle East investors

    Exclusive residential and spa development ready for this summer

    Parc du Cap, a prestigious AED 750 million project on the French Riviera by Caudwell Collection, is to be unveiled to potential Middle East investors at the end of May.

    read more
    Source: Press Release - Zawya   Published: May 18, 2016
  • Core Savills is Bayut's April 2016 'Agency of the Month'

    Core Savills is Bayut's April 2016 'Agency of the Month'

    Core, UAE associate of Savills, has received the 'Agency of the Month' award for April from Bayut. CEO David Godchaux said: “We are delighted to win this award based on the quality of our listings and number of leads. This rewards our commitment to bring the very best prime properties to the market."

    read more
    Source: Bayut.com   Published: May 16, 2016
  • Arctic air con and slow lifts top office workers' biggest complaints

    Arctic air con and slow lifts top office workers' biggest complaints

    Slow elevator speeds and freezing conditions are among the major complaints of office workers in the region. A joint study commissioned by the Middle East Council for Offices and the Royal Institution of Chartered Surveyors on office environments and productivity, found that 67 per cent of respondents complained there is at least one factor in their workplace making them less productive, and three-quarters argued they would...

    read more
    Source: The National   Published: May 11, 2016
  • It is not all shell-and-core in demand these days

    It is not all shell-and-core in demand these days

    By Joel McQueen

    As the Dubai office market starts to bottom out and softening capital values reflexively initiate exponential occupier demand, a salient challenge for landlords and owners persists — differentiation of their property in a commoditised office leasing market. The nuances of how to do this...

    read more
    Source: Gulf News   Published: May 11, 2016
  • No. 10 at City Walk: A Breath of Fresh Air for Dubai Freehold

    No. 10 at City Walk: A Breath of Fresh Air for Dubai Freehold

    Sought after community, No 10. at City Walk presents for the first time the unique opportunity to own innovative freehold property in one of Dubai’s most exclusive neighborhoods, as they today announce their acceptance of offers of consideration and expressions of interest.
    The premier luxury lifestyle apartments at City Walk, handled by Core, the UAE associate of Savills, and developed by Meraas, offer an...

    read more
    Source: Eye of Dubai   Published: May 10, 2016
  • UAE landlords need to lower rents for entrepreneurs - report

    UAE landlords need to lower rents for entrepreneurs - report

    Local real estate developers must take into consideration the needs of SMEs, not only large international corporate companies, according to a new report from Core Savills. David Godchaux, CEO at Core Savills, has said that local real estate developers and landlords are increasingly addressing the demand from more than 350,000 locally-based SMEs.

    read more
    Source: Arabian Business   Published: May 10, 2016
  • Developers must help feed Dubai's start-up success story

    Developers must help feed Dubai's start-up success story

    Developers must take into consideration the needs of small and medium-sized enterprises (SMEs), not only large international corporate companies, as the start-up sector is expected to represent 70% of Dubai’s non-oil GDP by 2021. Start-ups and SMEs make up 95% of all firms in Dubai, accounting for 86% of the workforce and currently contributing around 60% to the non-oil GDP generated in the Emirate’s economy.

    read more
    Source: Press Release   Published: May 08, 2016
  • Danube's affordable housing drive to help double turnover

    Danube's affordable housing drive to help double turnover

    Danube Group sought to tap into the largely ignored affordable housing sector in Dubai when it first entered the property market in 2014. After a series of sold-out projects, Tuesday's launch of an $81-million tower is the latest step in the conglomerate's bid to more than double turnover to over 6 billion dirhams ($1.633 billion) by the end of 2016.

    read more
    Source: Zawya   Published: May 04, 2016
  • DED denies penalising anyone for commenting on Dubai economy

    DED denies penalising anyone for commenting on Dubai economy

    Dubai’s Department of Economic Development (DED) has issued a statement denying that it had taken action against anyone for making negative comments about the emirate’s economy. The DED said there was “no truth in rumours" that it had penalised any company or individual for commenting on economic matters, adding that “no government entity is empowered to act against expressing such opinions".

    read more
    Source: The National   Published: May 02, 2016
  • Property Weekly Q&A The Perfect 10

    Property Weekly Q&A The Perfect 10

    Nestled in the heart of Dubai’s prestigious Jumeirah 1 district, No 10 City Walk is seeing strong end-user demand from Emiratis and committed expats ahead of its completion in the second quarter. The building is part of a low- and mid-rise residential development by Meraas and offers buyers a once-in-a-lifetime opportunity to call one of the emirate’s most exclusive addresses home.

    read more
    Source: Gulf Property Weekly   Published: April 27, 2016
  • Luxury prevails in Dubai's retail space

    Luxury prevails in Dubai's retail space

    Despite suggestions to the contrary, luxury retail spending is still rising in the UAE, albeit at a slower pace. Dubai, in particular, is leading the way. In a survey carried out before the World Retail Congress last month, Dubai Chamber said the retail sector in the emirate was expected to grow by 5 percent annually until 2017, by which point it was forecast to reach $55bn in value.

    read more
    Source: Arabian Business   Published: April 30, 2016
  • Dubai developer deploys the power of the guaranteed returns

    Dubai developer deploys the power of the guaranteed returns

    As far as incentives go, ensuring a 10 per cent guaranteed return on investment is no easy task. And more so when it’s being offered over three- and five-year stretches. The details don’t faze Abdullah Bin Sulayem, CEO of Seven Tides, the developer with a portfolio of premium projects on the Palm.

    read more
    Source: Gulf News   Published: April 21, 2016
  • Dubai rents and house prices continue to soften

    Dubai rents and house prices continue to soften

    Dubai property prices are close to bottoming out after almost two years of declines, says a top broker. But David Godchaux, the chief executive of Core UAE, an associate of Savills, said that, while a turnaround in Dubai house prices could take place later this year or early in 2017, it is still too early to state that the market is bottoming out.

    read more
    Source: The National   Published: April 20, 2016
  • Core Savills appears on Dubai Islamic Bank advertisement

    Core Savills appears on Dubai Islamic Bank advertisement

    Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, used the recent affordable housing report by Core, UAE associate of Savills, as part of a radio advertisement, which was aired several times every day over a three-week period on the Dubai Eye radio station, to promote their service across all customer segments and industry sectors.

    read more
    Source: Dubai Eye 103.8   Published: April 20, 2016
  • Is your Dubai rent about to get cheaper?

    Is your Dubai rent about to get cheaper?

    Experts say rent is decreasing, but will residents see a saving?

    Over the last six months there have been numerous reports that the rental value of properties in Dubai is decreasing. According to one report from Reidin, flat rents fell by 5.4 per cent in February 2016 in compared to a year ago.

    read more
    Source: Shortlist Dubai   Published: April 20, 2016
  • Sustainable design will help extend building longevity

    Sustainable design will help extend building longevity

    By Joel McQueen

    Several owners are tasked with retrofitting rapidly depleting buildings built with poor quality materials. There is currently over 9.5 million sq ft of commercial real estate in the DMCC free zone, offering a broad range of sizes, conditions, locations, ownership structures and...

    read more
    Source: Khaleej Times   Published: April 20, 2016
  • Investing in the Arab world

    Investing in the Arab world

    Buy a plot of land. Design a building. To help finance construction, sell units in that building to investors before it is built. Build the building. Repeat. 
    This is a process familiar to anyone involved in the development of residential buildings. 

    read more
    Source: Financial Times   Published: April 18, 2016
  • Dubai to post strongest global retail sales surge

    Dubai to post strongest global retail sales surge

    Dubai Mall ranks higher than Regent Street and Fifth Avenue

    Over the next five years Dubai is forecast to report the strongest growth in retail sales among the seven global cities examined by a study.
    According to the latest Global Retail Destination Index 2016 from Savills, 88.4 per cent of people in a survey said Dubai has the best...

    read more
    Source: Khaleej Times   Published: April 09, 2016
  • Dubai closes in on global retail leadership

    Dubai closes in on global retail leadership

    On key parameters it is already ahead of New York and London

    Dubai: Those 80 million plus visitors who pass through each year certainly made a point — The Dubai Mall ranks higher than London’s Regent Street and New York’s Fifth Avenue in the overall quality of its retail offerings. And, yes, it’s ahead of the Champs-Elysees in Paris, according to...

    read more
    Source: Gulf News   Published: April 08, 2016
  • Dubai retail sales to beat global cities in 5 years

    Dubai retail sales to beat global cities in 5 years

    "Dubai is forecast to report the strongest growth in retail sales over the next five years of the seven global cities examined, potentially challenging London's West End's current global position," the Savills report says.
    The Dubai Mall ranks higher than London's Regent Street and New York's Fifth Avenue in the overall quality of its retail offerings.

    read more
    Source: Khaleej Times   Published: April 08, 2016
  • Dubai is top of the shops

    Dubai is top of the shops

    • ​​Emirate ranks number one for quality of facilities and amenities
    • Overnight visitors to increase by 9.7% between 2016-2020
    • 88.4% of people said Dubai has the best choice and quality of shops in the world
    • Dubai Mall least expensive in terms of indicative prime total occupational costs
    read more
    Source: Zawya   Published: April 07, 2016
  • Affordable still out of reach

    Affordable still out of reach

    Despite the good work being done by the Dubai Government to cater to mid- and low-income earners in the emirate, much remains to be done by the private sector in meeting the housing needs of this segment, according to a research paper from Core, UAE associate of Savills.
    “The current new supply is catering largely to the middle-income segment and affordable living is yet out of reach for the...

    read more
    Source: GNproperty   Published: April 06, 2016
  • Property Weekly: Another day at the office

    Property Weekly: Another day at the office

    A decline in office unit sales at the start of the year notwithstanding, analysts believe grade A office spaces continue to perform well on the back of corporate demand.
    Dubai’s office market witnessed a drop in sales ranging from 3-17 per cent depending on the location in the first quarter this year...

    read more
    Source: GNproperty   Published: April 06, 2016
  • Dubai rents drop further in February

    Dubai rents drop further in February

    Lease rates for flats, villas post 5.5% decline, contrary to claims that market is stabilising

    Dubai: The cost of renting apartments in Dubai continued to slow down in the first few months of the year, contrary to speculations that the property market is heading towards a turnaround.

    read more
    Source: Gulf News   Published: April 05, 2016
  • Nshama to ramp up work at Dubai's Town Square development

    Nshama to ramp up work at Dubai's Town Square development

    Fred Durie, the chief executive of developer Nshama, has said that it is looking to expedite works to complete the centrepiece of its 300-acre Town Square by 2020.
    Mr Durie said that it will look to begin work on the first third of the 37,000 square metre central square in the third or fourth quarters...

    read more
    Source: The National   Published: March 31, 2016
  • Real affordable housing still not available in Dubai, new report says

    Real affordable housing still not available in Dubai, new report says

    CEO David Godchaux talks on Dubai Eye’s Business Breakfast radio show about  Dubai’s affordable housing conundrum.
    The lack of real affordable housing in Dubai is one of the main reasons why residents in Dubai can’t transition from renting to buying property. That’s according to a new report from real estate firm Core Savills, which found that affordable housing options in Dubai...

    read more
    Source: Dubai Eye 103.8   Published: March 31, 2016
  • Report says high rents and long commutes harm quality of living in UAE

    Report says high rents and long commutes harm quality of living in UAE

    A lack of affordable housing for low and middle income earners is leaving more and more people facing long commutes and a poorer quality of life, according to a major study on housing in Dubai.
    A report by Core, the UAE subsidiary of global property consultants Savills, found many residents continue to be priced out of the city.

    read more
    Source: 7 Days   Published: March 30, 2016
  • 'Affordable' Dubai housing still too pricey - report

    'Affordable' Dubai housing still too pricey - report

    Buying property still 'out of reach for the lower income members of society'

    So-called "affordable" housing in Dubai is still too expensive for many low-earners, according to a report by real estate firm Core, the UAE associate of Savills.

    read more
    Source: ME Construction News   Published: March 30, 2016
  • 'Affordable housing' remains overpriced in Dubai - report

    'Affordable housing' remains overpriced in Dubai - report

    The emirate requires more properties targeting the lower income segment

    The existing affordable housing options in Dubai only cater to the middle-income market and remain overpriced for the lower-income segment in the emirate, a new report has found.

    read more
    Source: Gulf Business   Published: March 30, 2016
  • Most Dubai affordable property schemes 'out of reach for lower income households'

    Most Dubai affordable property schemes 'out of reach for lower income households'

    Few of the homes being built by the private sector in Dubai branded as affordable are actually within reach of lower-income families, according to a new study.
    The research paper from Core, the UAE associate of Savills, argues that Dubai Municipality defines affordable housing as living space for...

    read more
    Source: The National   Published: March 29, 2016
  • Why it's not easy building affordable housing in Dubai

    Why it's not easy building affordable housing in Dubai

    Such projects may be burdened by high maintenance costs and low expectations

    Dubai: It’s not only the high cost of land that has Dubai’s developers shy away from going “affordable”.
    The lower level of returns can also be a put off for most of them.

    read more
    Source: Gulf News   Published: March 29, 2016
  • Dubai 'affordable' housing still too pricey, says Savills

    Dubai 'affordable' housing still too pricey, says Savills

    Affordable housing in Dubai is still too expensive for low and middle-income earners, according to a study by real estate consultancy Savills.
    The latest research paper from Core (the UAE affiliate of Savills) says the term ‘affordable housing’ is being used in “a very loose sense” in Dubai – despite steps being taken by the government to increase supply of this type of housing.

    read more
    Source: Arabian Business   Published: March 29, 2016
  • Dubai: 'Affordable housing' still too expensive

    Dubai: 'Affordable housing' still too expensive

    Affordable housing in Dubai is still too expensive for low and middle-income earners, according to research by Core, UAE associate of Savills. 
    The latest study by the real estate consultancy says the term 'affordable housing' is being used in a very loose sense - despite work by the...

    read more
    Source: Construction Week   Published: March 29, 2016
  • World's Expensive Cities: Dubai more affordable than in 2008

    World's Expensive Cities: Dubai more affordable than in 2008

    Cost of living, working in Dubai almost half that in London, New York, Hong Kong: Report

    The cost of accommodating an employee in London is almost double that of Dubai, Sydney, Los Angeles or Chicago, according to Savills latest Live/Work Index.

    read more
    Source: Emirates 24|7   Published: March 27, 2016
  • Analysis: Is the UAE doing enough to make itself watertight?

    Analysis: Is the UAE doing enough to make itself watertight?

    The UAE’s construction sector encountered unforeseen complications earlier this month as a fortnight-long spell of heavy rains took the Emirates by surprise. Whilst most were fortunate enough to enjoy an unexpected spate of cool weather, certain segments of the community – most notably its construction sector – were left hoping for sunshine.

    read more
    Source: Construction Week   Published: March 27, 2016
  • Dubai's industrial realty needs a change of pace

    Dubai's industrial realty needs a change of pace

    By David Godchaux

    Private investors are missing out by not creating new stock for rental opportunities.
    News that the Dubai Government is preparing to construct a new ‘Wholesale City’ next to Dubai South and Jebel Ali Free Zone...

    read more
    Source: Gulf News   Published: March 23, 2016
  • Affordable communities offer best rental yields

    Affordable communities offer best rental yields

    Established areas have scope for capital appreciation

    A one-bedroom apartment in Dubai Marina was the most sought-after property type for sale in 2015, with over six million searches, according to data provided by dubizzle.

    read more
    Source: Khaleej Times   Published: March 23, 2016
  • DMCC 8% YOY rise in office space demand in Q1 2016

    DMCC 8% YOY rise in office space demand in Q1 2016

    The Dubai Multi Commodities Centre (DMCC) achieved 8% year-on-year growth in amount of space transacted during the first quarter of this year. In conjunction with Core, UAE associate of Savills, the free zone succeeded in leasing almost 18,000 sqm (192,000 sqft) of office space to 146 companies during the course of 2015.

    read more
    Source: Construction Week, Xtra Dubai Magazine   Published: March 20, 2016
  • Dubai Property Report: Rent-free months...

    Dubai Property Report: Rent-free months...

    Landlords need to be flexible to protect rate and occupancy levels, says Core

    It is not just likely to happen in the residential housing market in Dubai, but commercial space owners are also contemplating offering freebies to ensure occupancy.

    read more
    Source: Emirates 24|7   Published: March 20, 2016
  • The Dh40m villa with more to offer than an expensive plot

    The Dh40m villa with more to offer than an expensive plot

    Land plots at Emirates Hills have seen a ten-fold increase in values since they were first released on to the market.
    If you’re a buyer looking to invest up to Dh40 million in an Emirates Hills villa, you’ll no doubt do some research into the area. You may even have searched the internet and found a recent article in The National that pointed to a steep decline in values at the cheaper end of the...

    read more
    Source: The National   Published: March 17, 2016
  • Dubai real estate investment to pick up by year-end

    Dubai real estate investment to pick up by year-end

    Low property prices guarantee higher yields for investors.

    The last two quarters of 2016 should see higher demand in the Dubai real estate market, says Ranjeet Chavan, director of SPF Realty, a property brokerage firm.

    read more
    Source: Khaleej Times   Published: March 16, 2016
  • Abu Dhabi reviewing building rules after storm damage

    Abu Dhabi reviewing building rules after storm damage

    New laws could have a cost implication for developers and building owners, say experts.

    Abu Dhabi's move to amend building and infrastructure regulations in response to severe storm damage last week underscores the maturing of the industry, but may have cost implications for the sector, analysts said.

    read more
    Source: Zawya, Construction Week, The Big 5 Hub   Published: March 14, 2016
  •  Iran tops Dubai's average investment list for 2015

    Iran tops Dubai's average investment list for 2015

    In 2015, Iran was Dubai’s fourth largest expat nation by overall investment size and the first by average investment size, according to statistics released by the Dubai Land Department (DLD). 
    The country is likely to further increase its interest in Dubai’s real estate market in 2016/17, according to research conducted...

    read more
    Source: Construction Week   Published: March 13, 2016
  • Dubai office space seen growing 7% in 2016

    Dubai office space seen growing 7% in 2016

    Business Bay is expected to be the focus for more commercial space this year, according to new research.
    Dubai's supply of office space is predicted to grow by 7 percent this year, with the Business Bay area set to be the focus for growth, according to a real estate research report released on Sunday.

    read more
    Source: Zawya   Published: March 13, 2016
  • UAE: Dubai office supply to grow by 7% in 2016

    UAE: Dubai office supply to grow by 7% in 2016

    Office supply in Dubai will grow by 7% in 2016, according to research conducted by Core, UAE associate of Savills. 
    The Dubai Office Market Q1 2016 report revealed that much of this growth is likely to occur in Dubai’s Business Bay area.
    “The growth in [office] supply is likely to be most significant in Business Bay over the next few years as the area seeks to...

    read more
    Source: Construction Week   Published: March 13, 2016
  • Dubai office supply 'to grow 7% in 2016' - report

    Dubai office supply 'to grow 7% in 2016' - report

    Office supply in Dubai will grow by 7 percent in 2016, with most of the growth taking place in Business Bay, according to new research.
    Core Savills’ first quarter 2016 Dubai Office Market report stated: “The development pipeline in Dubai indicates a further 7 per cent prime and secondary sector supply growth in 2016.

    read more
    Source: Arabian Business   Published: March 13, 2016
  • Office tenants can have some leeway in Business Bay

    Office tenants can have some leeway in Business Bay

    Regular new supply and a two-tier submarket is giving tenants a slight upper hand

    Dubai: For those looking for a bargain on their office rentals, they will do good heading for Business Bay.
    Apart from newer supply coming through, and which should help keep demands subdued, Business Bay is also seeing a “two-tier”...

    read more
    Source: Gulf News   Published: March 13, 2016
  • Office rents in prime Dubai sites costly but rates fall elsewhere

    Office rents in prime Dubai sites costly but rates fall elsewhere

    Property developers in Dubai will complete another 460,000 square metres of office towers this year, putting more pressure on rents and potentially giving relief to businesses affected by tougher economic conditions.
    The glut of new stock equates to 7 per cent of the city’s total 6.61 million square metres of primary and secondary office stock, says a...

    read more
    Source: The National   Published: March 12, 2016
  • Iran expected to step up interest in Dubai's real estate

    Iran expected to step up interest in Dubai's real estate

    Middle East neighbour topped average investment size in the emirate in 2015

    Interest from Iran in Dubai’s real estate sector is expected to increase, according to a recent research note from Core, UAE associate of Savills.
    After sanctions were lifted at the start of the year, and following elections in the country last month, experts are predicting a growing...

    read more
    Source: Xtra Dubai Magazine - Press Release   Published: March 09, 2016
  • Winning touch from Core, UAE associate of Savills

    Winning touch from Core, UAE associate of Savills

    Team enjoys trophy success in Sixes competition

    Core, UAE associate of Savills, enjoyed a dream debut in the UAE Corporate Touch 6s – by lifting the trophy! The ten-strong squad won the Men's Grade Cup, defeating a team from Hill International in the final of the competition at Jebel...

    read more
    Source: Core, UAE Associate of Savills - Press Release   Published: March 06, 2016
  • Dubai builds on traditional strengths with Wholesale City

    Dubai builds on traditional strengths with Wholesale City

    Mega development in Jebel Ali creates a land corridor built for trade and logistics

    Dubai: Playing to its strengths, Dubai is creating another mega free zone cluster with the launch of Wholesale City, taking up 550 million square feet in and around Dubai South (with its Al Maktoum International Airport) and Jebel Ali port.

    read more
    Source: Gulf News   Published: March 01, 2016
  • Dubai residential market expected to soften further over 12 months

    Dubai residential market expected to soften further over 12 months

    Dubai's residential market will see further price and rental drops into 2017, according to research by Core, the United Arab Emirates associate of Savills. The property services firm's Q1 2016 Residential report revealed that prices and rentals dropped in 2015 and are expected to soften further throughout the next 12 months.

    read more
    Source: Gulf Business   Published: March 01, 2016
  • Dubai property price decline 'to continue in 2017'

    Dubai property price decline 'to continue in 2017'

    Up to 10,000 units expected to be delivered this year, says Core Savills

    Dubai residential property rents and sale prices are forecast to continue declining this year and next, although there is a “bullish mid-term forecast”, according to Core Savills.

    read more
    Source: MEConstructionNews.com   Published: March 01, 2016
  • Why it's cheaper to buy a house in Dubai than pay monthly rent

    Why it's cheaper to buy a house in Dubai than pay monthly rent

    Dubai has been rated as the most 'affordable' city to purchase a home in, as compared to other major international hubs across the globe, according to Savills World Research. The conclusion is based on a comparison of the emirate with London, New York, Hong Kong, Paris, Mumbai, Singapore and Sydney.

    read more
    Source: Emirates 24|7   Published: March 01, 2016
  • Price and rental fall in 2015 expected to continue  in 2016 and 2017

    Price and rental fall in 2015 expected to continue in 2016 and 2017

    CEO David Godchaux talks to CNBC Arabia about the latest Residential report and the outlook for the remainder of 2016.
    Downward pressure is counter-balanced by high yields and a growing pool of occupiers and investors looking at the best time to re-enter the market.

    read more
    Source: CNBC Arabia   Published: February 29, 2016
  • Dubai property values, rents to continue to fall over next 12 months

    Dubai property values, rents to continue to fall over next 12 months

    The downturn in Dubai’s property market will continue throughout the course of this year, pushed by worsening investor sentiment, a local property consultancy has warned. Research from Core Savills said that falling oil prices, a strong pipeline of new homes, the dirham’s peg to the strong US dollar and regional uncertainty were all contributors to recent declines...

    read more
    Source: Arabian Business   Published: February 29, 2016
  • Dubai residential prices will continue to soften

    Dubai residential prices will continue to soften

    Sales and rental prices within Dubai’s residential sector will continue to soften in 2016 and 2017, but stabilising factors will support a more bullish mid-term outlook. These are the findings of the latest research conducted by Core, UAE associate of Savills. Core UAE’s Q1 2016 residential report shows that prices and rentals fell last year, and...

    read more
    Source: Construction Week   Published: February 29, 2016
  • Taxing reality for London's prime housing investors

    Taxing reality for London's prime housing investors

    Although there is no such thing as a surefire winner when it comes to investments, owning a house in prime central London has been about as close to it as it gets over the past five years. According to Knight Frank, property prices rose by an average of 8.5 per cent during the five years to January 2015.

    read more
    Source: The National   Published: February 28, 2016
  • Dubai's villas suffer more rental erosion

    Dubai's villas suffer more rental erosion

    Those for apartments in comparison managed to hold their own, says report

    Dubai: Rents for apartments in Dubai’s freehold clusters have remained resilient all through the current downturn compared to their villa counterparts, which have seen declines of 3-12 per cent since Q1-15.

    read more
    Source: Gulf News, Zawya   Published: February 28, 2016
  • Dubai's developers push ahead with high-profile launches

    Dubai's developers push ahead with high-profile launches

    Dubai Properties unveils Spanish-themed Serena community at Dubailand

    Dubai: Dubai's developers are certainly not letting the soft market conditions get in the way of planned launches. The Dubai Properties Group has announced an 8.2 million square feet master-development in Dubailand, which is to be...

    read more
    Source: Gulf News   Published: February 21, 2016
  • Damac pays Dh1.2bn for site overlooking extended Dubai Canal

    Damac pays Dh1.2bn for site overlooking extended Dubai Canal

    Damac's Dh1.2 billion purchase of a prime area of land overlooking Dubai's still under-construction canal is just the first of what is likely to be a string of deals, with developers looking for ever-popular waterfront sites, according to property experts. Damac announced that it had bought a 4 million square feet patch of land next to Dubai Canal "on the eastern...

    read more
    Source: The National   Published: February 18, 2016
  • Smart project planning will make UAE more livable

    Smart project planning will make UAE more livable

    By James Morgan

    I’ve been living in the UAE since 2013, and despite the myriad plus-points that have convinced me to call this country my home, there remain a number of factors that – on occasion – make me long to return to my old life in the...

    read more
    Source: Construction Week   Published: February 14, 2016
  • Dubai: Logistic, industrial sectors to grow in 2016

    Dubai: Logistic, industrial sectors to grow in 2016

    The outlook for both the logistics and industrial sectors in Dubai during 2016 looks likely to continue to be steady, according to Core UAE - associate of Savills. The Dubai Industrial Market Q1 2016 report highlights the strength of both industries, despite increasing economic uncertainty and falling oil prices. The report states: "Unparalleled connectivity, stable...

    read more
    Source: Construction Week   Published: February 14, 2016
  • Industrial rents stay firm in Dubai

    Industrial rents stay firm in Dubai

    Demand for industrial property in Dubai has held up over the past year despite falling oil prices and uncertain economic conditions, according to new research. Consultancy Core Savills' first-quarter 2016 industrial market update shows industrial rents "were broadly stable" across many established industrial areas of Dubai, while newer areas such as...

    read more
    Source: Arabian Business   Published: February 14, 2016
  • Dubai realty builds around industrial and logistics

    Dubai realty builds around industrial and logistics

    Free zones and industrial hubs emerge among the best performing real estate categories

    Dubai: Investors and developers will do well to follow Boeing’s lead in Dubai. Or even Ikea’s for that matter. The aircraft manufacturer and the Swedish DIY (do it yourself) retailer last year confirmed major commitments at Dubai South's...

    read more
    Source: Gulf News   Published: February 13, 2016
  • Demand for Dubai industrial property outperforms housing and office sectors

    Demand for Dubai industrial property outperforms housing and office sectors

    Demand for industrial property in Dubai is holding up despite the slump in both residential and commercial markets. A new report by the consultancy Core Savills found that industrial rents "were broadly stable" across most of the estab­lished industrial areas in the city throughout last year, while some of the newer parks such as Dubai South, Dubai Investment...

    read more
    Source: The National   Published: February 13, 2016
  • Core UAE: Dubai can handle more megaprojects

    Core UAE: Dubai can handle more megaprojects

    Dubai's real estate market has the capacity to accommodate additional megaprojects, according to David Godchaux, CEO of Core UAE, an associate of UK-based Savills. However, Godchaux warns that it will be important for the Emirate to strike the right balance between legacy developments and 'livable' projects.

    read more
    Source: Construction Week   Published: February 09, 2016
  • Property agents bait Dubai homebuyers with distress deals

    Property agents bait Dubai homebuyers with distress deals

    A number of agencies in Dubai are marketing properties as “distress sales” in Dubai in a bid to drum up interest in what remains a sluggish market. Last week, The National received an email blast from the Dubai-based agency Homes4-Life marketing a town house in phase 2 of Dubai Properties’ Mudon project.

    read more
    Source: The National   Published: January 09, 2016
  • Is there any rent relief in the UAE

    Is there any rent relief in the UAE

    Having weathered double-digit rental hikes, tenants in Dubai felt relief when rents appeared to have stabilised in the past quarter. For investors, the promise of high rental yields of about 6 per cent has not impacted the market enough to prevent a general slowdown.

    read more
    Source: GN Property   Published: December 09, 2015
  • Kanoo launches new Dubai villa project

    Kanoo launches new Dubai villa project

    The Kanoo Group, a diversified business conglomerate operating across the GCC, has partnered with property services firm Core Savills to launch its villa project in Jumeriah area of Dubai, UAE. Available to lease from this month, the Kanoo...

    read more
    Source: Gulf Digital News Online, Arabian Business, Gulf Business, Reidin.com, Construction Week, Dubai.com, Dubainews.net   Published: November 30, 2015
  • After a couple of years of market ups-and-downs what's on the cards as we move ahead

    After a couple of years of market ups-and-downs what's on the cards as we move ahead

    Experts in the real estate market are predicting apartment and villas prices in Dubai will stabilise during 2016 and return to growth later in the year or in 2017. According to research by real estate firm Core Savills people have reason to be optimistic about the outlook for the Dubai real estate market, despite a few blips in 2015.

    read more
    Source: PropertyTrader.ae   Published: November 27, 2015
  • IREIS Conference: UAE Property Market in Phase of Optimistic Consolidation

    IREIS Conference: UAE Property Market in Phase of Optimistic Consolidation

    The conference at the annual IREIS (International Real Estate & Investment Show) at the ADNEC centre in Abu Dhabi is typically stacked with high calibre speakers and thus gives investors a unique opportunity to gain valuable insights into property markets, both international, regional, and local. Tor Svensson from CFI.co was there as a rapporteur.

    read more
    Source: cfi.co (Capital Finance International)   Published: October 30, 2015
  • Focus on real estate market trends at Abu Dhabi event

    Focus on real estate market trends at Abu Dhabi event

    The seventh edition of the International Real Estate and Investment Show, or IREIS 2015, currently underway at the Abu Dhabi National Exhibition Centre, hosted an international conference to highlight key global and regional real estate market trends by convening panelists and experts from leading real estate firms across the region.

    read more
    Source: Khaleej Times, Yahoo Maktoob News, Bloomberg   Published: October 30, 2015
  •  The UAE and USA Top Rankings for Residential Investments

    The UAE and USA Top Rankings for Residential Investments

    The USA and the UAE are ranked number one and number two, respectively, in the world for their residential real estate investment potential according to the World Residential Investability Rankings. These rankings were developed by Savills, international real estate developer, and are based off of key economic characteristics and variables, such as...

    read more
    Source: Ambassador Yousef Al Otaiba's Blog   Published: October 28, 2015
  • Turkish Housing Industry Meets Investors from the Gulf

    Turkish Housing Industry Meets Investors from the Gulf

    There has been great interest in the ‘Turkish Housing Industry Meets Investors from the Gulf Region’ event being organized by KONUTDER (Housing Developers and Investors Association) between 12-14 October. So far the participation of around 35 companies from Saudi Arabia, Dubai, Qatar and Kuwait have been confirmed, and it is aimed that 50 companies...

    read more
    Source: Real Estate News Turkey   Published: October 14, 2015
  • Core Savills' Chief Exec Maintains Optimism about Dubai Property Market

    Core Savills' Chief Exec Maintains Optimism about Dubai Property Market

    In an interview with Dubai Eye 103.8, Core UAE associate of Savills CEO, David Godchaux commented on residential price and rental levels in Dubai, while prices have seen more significant softening over the past 12 months. Godchaux remains overall bullish for the next five years. He also explains different reasons why rental levels have not seen the same decline.

    read more
    Source: Dubai Eye 103.8   Published: October 13, 2015
  • Adapting 'pedestrian-friendly' approach for Dubai Real Estate

    Adapting 'pedestrian-friendly' approach for Dubai Real Estate

    Dubai may need to alter its zonal development strategy in order to attract more global tech occupiers, according to a new report by international real estate advisor Savills. The firm said that while 2012 to 2014 saw a boom in Dubai office supply delivery, a year-on-year increase in available space was recorded at 13 percent in 2014, mainly among out-of-town business zones.

    read more
    Source: CNBC Arabia   Published: October 12, 2015
  • 90 per cent of Gulf real estate investments abroad directed to Europe

    90 per cent of Gulf real estate investments abroad directed to Europe

    Saudis and Emiratis come at the forefront of GCC nationalities that invest

    Core Savills Company forecasts a drop in housing unit prices in Dubai during the coming months, under pressure of a decline in demand in some areas.

    read more
    Source: Emarat Al Youm via AMEInfo.com   Published: October 12, 2015
  • Experts: Dubai property must evolve for tech firms

    Experts: Dubai property must evolve for tech firms

    Dubai might have to change its zone development strategy to attract more global tech occupiers, according to a report by international real estate advisor Savills.

    The firm said that while 2012 to 2014 saw a boom in Dubai office supply delivery, a year-on-year increase in available...

    read more
    Source: ConstructionWeekOnline.com   Published: October 11, 2015
  • Dubai needs a more pedestrian-friendly approach to urban schemes to attract more global tech occupiers

    Dubai needs a more pedestrian-friendly approach to urban schemes to attract more global tech occupiers

    Dubai may need to alter its zonal development strategy in order to attract more global tech occupiers, according to a new report by international real estate advisor Savills. The firm said that while 2012 to 2014 saw a boom in Dubai office supply delivery, a year-on-year increase in available space was recorded at 13 percent in 2014, mainly among out-of-town...

    read more
    Source: Arabian Business   Published: October 10, 2015
  • Dubai to alter zonal development strategy to boost global occupier demand to attract more tech firms

    Dubai to alter zonal development strategy to boost global occupier demand to attract more tech firms

    Dubai may need to alter its zonal development strategy in order to attract more global tech occupiers, according to a new report published today by international real estate advisor Savills.

    The firm states that whist 2012 to 2014 saw a boom in Dubai office supply delivery, a year-on-year increase in...

    read more
    Source: Zawya.com   Published: October 07, 2015
  • Dubai must overhaul business parks to attract global technology companies, Savills says

    Dubai must overhaul business parks to attract global technology companies, Savills says

    Dubai’s string of glass-fronted, out-of-town business parks is becoming too outdated for the digital age, a new report from the property broker Savills warns. If it wants to attract the next big global economic driving force – a new generation of global technology companies – the city needs to change the way that it zones its property developments and...

    read more
    Source: The National   Published: October 07, 2015
  • Rack up the walk score

    Rack up the walk score

    Properties close to transportation networks attract more tenants and homebuyers. Consequently, transport hubs add a premium on the values of nearby homes and communities. However, while access to motorised transport is an advantage, providing easy access to non-motorised modes of transport and pedestrian- friendly walkways is an...

    read more
    Source: Gulf News   Published: September 30, 2015
  • Shopping for bargains in Dubai

    Shopping for bargains in Dubai

    Prices are falling again in the emirate. The brave see this as the time to invest, reports Carol Lewis.

    When the bubble burst in Dubai, it did so in spectacular fashion with property prices halving between 2008 and 2009. Now, once again, the prices of homes on the sands of the emirate are shifting downwards.

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    Source: The Times   Published: September 25, 2015
  • Dubai developers used Cityscape to gauge investor sentiment

    Dubai developers used Cityscape to gauge investor sentiment

    In a reassuring sign, several developers announced infrastructure upgrades to existing projects - Nakheel's Palm Promenade in Palm Jumeirah and Premier Inn Hotel in Dragon City being a case in point.

    After all the euphoria of Cityscape Global 2015, it's back to business now for the real estate industry.

    read more
    Source: Khaleej Times   Published: September 16, 2015
  • Bringing a European design feel to UAE's living spaces

    Bringing a European design feel to UAE's living spaces

    New generation of buyers are prompting developers to create a live well design sensibility

    One of the most interesting aspects of this evolution in investment preferences of a new generation of Arabic buyers, is that we are witnessing a growing interest from them to come back and buy properties at home that offer the kind of lifestyle...

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    Source: Gulf News   Published: September 10, 2015
  • UAE residential realty ranks second globally

    UAE residential realty ranks second globally

    It follows the US as to where investors should be looking

    The current weak spell in the UAE’s residential property market may be just the ideal moment for investors to come back in.

    read more
    Source: Gulf News, ArabianBusiness.com, Yahoo Maktoob News, Zawya.com, Khaleej Times, Bloomberg, Arabian Gazette, Dubai Chronicle, Realty Today, Taktical Realty   Published: September 08, 2015
  • UAE top country for property investment

    UAE top country for property investment

    Wealth creation, increasing demographic and regional demand put Emirates in top group

    DUBAI: The United States of America (USA), the United Arab Emirates (UAE) and Singapore have been ranked respectively as the top the countries for residential investability on the basis of economic growth and market recovery, according to a report published by international...

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    Source: The Gulf Today   Published: September 08, 2015
  • US and UAE lead in ranking

    US and UAE lead in ranking

    Savills report also says Dubai has best outlook outside US

    The UAE has the best property investment prospects outside the United States, according to a new report from Savills. The findings came after a raft of other data showing further weakening in the housing market.

    read more
    Source: The National   Published: September 09, 2015
  • Focus: When will Dubai rents start dropping? The correlation between house prices, rental rates

    Focus: When will Dubai rents start dropping? The correlation between house prices, rental rates

    Residential rents are continuing to rise in many areas of Dubai, despite the ongoing drop in house prices, new research reveals. Data compiled exclusively for Arabian Business by estate agency Better Homes suggests there is little correlation between rental rates and house prices. As the graph below illustrates, average house prices started to soften in the second quarter of 2014, yet average rents have risen steadily since the...

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    Source: Arabian Business   Published: September 08, 2015
  • Gulf investors have a natural affinity for UK realty

    Gulf investors have a natural affinity for UK realty

    Subsequent to the financial crisis and the real estate slump in 2008 and 2009, residential and commercial property markets across the globe have been bouncing back over the last five years. Gulf investors have been using this opportunity to increase their exposure to overseas property markets. Most of this overseas investment is being channelled in to European locations — in particular, London...

    read more
    Source: Gulf News   Published: September 08, 2015
  • UAE more attractive than other markets

    UAE more attractive than other markets

    Safe haven status and quality of life make the country a highly investable destination

    With GDP growth uncertain, stocks dancing about the charts and gold obstinately refusing to shine, real estate has emerged as a strong investment choice. Half of all ultra-high-net-worth individuals in the UAE are thinking of buying property this year, according to...

    read more
    Source: Gulf News   Published: September 07, 2015
  • UAE ranked second best country for residential investment potential

    UAE ranked second best country for residential investment potential

    Singapore and UK took 3rd and 4th place respectively in the Savills survey

    A report published on Monday by international real estate advisor Savills has ranked the United States of America (USA), the United Arab Emirates (UAE) and Singapore respectively as the top three countries for residential investability on the basis of economic growth and...

    read more
    Source: The Gulf Time   Published: September 07, 2015
  • Dubai offers healthier return on investment

    Dubai offers healthier return on investment

    The real estate market in Dubai offers an average yield of 7 per cent, about 2-3 per cent above the average yield in international property markets, especially when compared to the modest yields that mature markets like London, Paris or New York offer.
    Traditionally, investors have been attracted by the possibility of high returns from properties in Dubai, in addition to the absence of...

    read more
    Source: Gulf Property   Published: August 27, 2015
  • More Dubai real estate agents to close, merge, brokers warn

    More Dubai real estate agents to close, merge, brokers warn

    More Dubai real estate agencies are expected to merge or close down before the end of the year as intense competition puts pressure on margins, industry members have told Arabian Business.
    The slowdown in sales volumes as the market stabilises has caused margins to decline by as much as half, as brokers...

    read more
    Source: ArabianBusiness.com   Published: 26 August 2015
  • Dubai World Central's move 'South' to boost efforts to develop residential

    Dubai World Central's move 'South' to boost efforts to develop residential

    Dubai World Central’s decision to rebrand the 145 square kilometre city based around the new Al Maktoum International Airport to “Dubai South” should help the city to establish itself as a residential community, according to business chiefs.
    The “Dubai South” name “will become instantly recognisable for years to come”, said Sheikh Ahmed bin Saeed Al Maktoum...

    read more
    Source: The National   Published: August 20, 2015
  • Professional Speak: Realty market expected to stabilise

    Professional Speak: Realty market expected to stabilise

    With most market researches hinting at a drop in prices of properties in Dubai, is it the right time to invest? Or, should one tread cautiously? Is it the right time to sell, or should you ask your tenant for a rent hike? According to the latest property market update prepared by Core, UAE associate of Savills based on the first six months of the year, property prices will witness a decline. It will stabilise in early

    read more
    Source: GN properties   Published: August 02, 2015
  • Dubai property will return to growth path as of next year

    Dubai property will return to growth path as of next year

    Declining apartment and villa prices in Dubai will stabilise during 2016 and return to growth later in the year or in 2017, a leading realty company said. According to Core, UAE associate of Savills, recent data suggests that Dubai’s real estate market peaked in...

    read more
    Source: ArabianBusiness.com, Al Bayan; Al Khaleej; Al Ittihad; Al Watan; ma7room.com; al-iqtisad.net   Published: July 27,2015
  • Dubai property market to boom in 2016-17

    Dubai property market to boom in 2016-17

    A recent survey by Core, UAE associate of Savills shows that Dubai's housing market should increase in 2016-17, as it peaked in 2014 at higher levels than those in 2008 and had levelled out with an average of 1.2% a month for flats and 0.7% for larger homes.
    Growth is expected to rise in time for Expo 2020 and the current small drop in price is a sign of a healthy market.

    read more
    Source: mydubaimycity.com   Published: July 12,2015
  • Dubai real estate prices to continue softening until 2016

    Dubai real estate prices to continue softening until 2016

    Firm expects market to return to growth in 2016-2017 as Dubai gears up to host EXPO 2020 - says price declines will be temporary
    Research shows market peaked in Oct. 2014, at levels higher than 2008 boom
    Prices in office sector to remain stable - with steady growth opportunities

    read more
    Source: thearabianpost.com; Zawya.com   Published: July 11,2015
  • Dubai rents to continue to decline

    Dubai rents to continue to decline

    Dubai real estate prices to continue softening until 2016, says latest research by leading property firm Core UAE Associate of Savills

    Dubai rent prices have dipped by a marginal 0.3 per cent a month in the first-half of the year, after seeing double-digit increases over the last three years, says report.

    read more
    Source: Thebig5hub.com   Published: July 09,2015
  • Dubai realty market on sound track

    Dubai realty market on sound track

    DUBAI: Core, UAE associate of Savills, the largest commercial lease transaction and one of the leading international real estate companies in the UAE, is optimistic on the outlook for the Dubai real estate market.
    Research released on Wednesday by the firm has suggested declining apartment and villas prices in the emirate.

    read more
    Source: Gulftoday.ae   Published: July 09,2015
  • Dubai property will return to growth path in 2016-17

    Dubai property will return to growth path in 2016-17

    Drop in prices is a healthy market adjustment, says report

    Dubai: Declining apartment and villa prices in Dubai will stabilise during 2016 and return to growth later in the year or in 2017, a leading realty company said.

    read more
    Source: Khaleej Times; Yahoo Maktoob; ArabianBusiness.com   Published: July 09,2015
  • Dubai rents resilient to sharp corrections

    Dubai rents resilient to sharp corrections

    Dubai: After steep double-digit increases in each of the last three years, average apartment rents in Dubai may have dipped - but only by a marginal 0.3 per cent a month in the first-half of the year.
    This contrasts quite markedly with the rental gains of 17 per cent, 26 per cent and 15 per cent annually during 2012-14, according..

    read more
    Source: Zawya.com; Yahoo Maktoob; Gulf News   Published: July 08,2015
  • Dubai residential property investors who want out advised to sell now

    Dubai residential property investors who want out advised to sell now

    Investors who bought into Dubai's residential property market after the property crash and who are looking for an exit should consider doing so now, according to Core, UAE associate of Savills' chief executive, David Godchaux.
    Its latest report states that average prices for apartments and villas reached their highest point in the third quarter of...

    read more
    Source: The National   Published: July 08,2015
  • Commercial properties in Dubai's Business Bay poised for decline after bull

    Commercial properties in Dubai's Business Bay poised for decline after bull

    Commercial property owners in the Business Bay area of Dubai should brace themselves for a fall in the value of their properties after a bull market in recent years, according to Core, UAE associate of Savills.
    Property prices and rents in the area have rebounded over the past three years, gaining from its proximity to the...

    read more
    Source: The National   Published: July 08,2015
  • Dubai house rents to fall by 4 Percent in 2015 report

    Dubai house rents to fall by 4 Percent in 2015 report

    Dubai is unlikely to see a steep growth in rents as the market stabilises, a new report says

    Apartment rents in Dubai are expected to see a steady decline of 3 to 4 per cent this year while villa rents are set to fall marginally by 1 to 2 per cent, according to a new report by real estate firm Core, UAE associate of Savills.

    read more
    Source: Gulfbusiness.com; Ahlanlive.com   Published: July 08,2015
  • Greek investment opportunities are multifold

    Greek investment opportunities are multifold

    Dubai: Apart from a chance to pick up cheap assets that could have long term - very long term - upside possibilities, there could be other reasons why Greece realty holds value for overseas investors.
    "If you want to retire or have a long term (plan) in place to stay in Greece, the coming period could offer a good..

    read more
    Source: Gulf News   Published: July 04,2015
  • Mall in the neighbourhood

    Mall in the neighbourhood

    Community shopping centres are affecting property values positively, say analysts

    A well-thought-out urban design policy is in effect to residential neighbourhoods where community malls are springing up. Last year's results show that the return on investment of these community mall developments more attractive and positively affecting property values.

    read more
    Source: Property Weekly   Published: June 17, 2015
  • Greece's asset stripping can lure UAE investors

    Greece's asset stripping can lure UAE investors

    Dubai: Some UAE and Gulf travellers are drawing up plans for short visits to Greece this summer, but not necessarily to catch the scenery or the sun. Instead, they will be on the lookout to pick up choice real estate assets on the cheap.
    Valuations on Greek realty are down to "10 cents to the dollar" from their 2007 peaks as the country sinks further into 

    read more
    Source: Gulf News   Published: July 04,2015
  • An overview of Dubai commercial real estate

    An overview of Dubai commercial real estate

    With several new industrial clusters coming up, fresh stock in the market and the slide in petrol prices, the commercial real estate market in Dubai is expected to witness changes. David Godchaux, CEO of Core, UAE associate of Savills, shares his opinion on the trends in the office market and industrial rentals.

    read more
    Source: Gulf News   Published: May 2, 2015
  • Off hours Dubai real estate chief reaches for the stars

    Off hours Dubai real estate chief reaches for the stars

    David Godchaux is chief executive of the real estate provider Core, UAE associate of Savills, a tie-up between the UK-based Savills and Dubai’s Core Real Estate. Mr Godchaux, 35, from France, can speak several European languages – from English and French to German, Portuguese, Russian and Spanish. Before his current position

    read more
    Source: The National   Published: April 23, 2015
  • A new investment landscape

    A new investment landscape

    A growing population, proactive government legislation, sustained investment in new developments and a forward-thinking urban planning authority are some of the important factors that are putting Abu Dhabi's property market on the right track for growth. Demand for residential property, in particular, is expected to rise, overcoming an anticipated 

    read more
    Source: Property Weekly & GN properties   Published: April 22,2015
  • Capital strength A glimpse on Abu Dhabi real estate

    Capital strength A glimpse on Abu Dhabi real estate

    Sales and rental property prices in Abu Dhabi have decreased or remained constant compared with previous months but have registered healthy growth year-on-year, according to latest statistics. But experts believe growth can be subdued this year, although the emirate is on course to perform better overall compared with other emirates.

    read more
    Source: GN properties   Published: March 25,2015
  • UK estate agent Savills forms Gulf partnerships

    UK estate agent Savills forms Gulf partnerships

    The UK-based high-end estate agent Savills has announced a series of new partnerships in Dubai and the wider Gulf region, as luxury property prices in some parts of London show signs of cooling...

    read more
    Source: The National   Published: September 15, 2014