The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Dubai's prime residential market witnessed deals worth of Dh8.7 billion in Q3 2018, which is 13.9 per cent lesser than the previous quarter.
The top three areas in terms of sales volume were Jumeirah (Dh1.3 billion), Downtown Dubai (Dh1.2 billion) and MBR City (Dh1.06 billion). Dubai Creek Harbour has also received healthy sales volumes of Dh655 million this quarter. These numbers are comparable with Dubai Marina, which received a sales volume of Dh662 million.
Jumeirah is emerging as a top area in Dubai's prime residential market and featuring strongly in investor choices. The opening of the off-plan market in Jumeirah through projects such as Madinat Jumeirah Living, Jumeira Bay, Port de la Mer and other areas has led it to become the top selling area in Q3, with over Dh1.3 billion in sales and over 152 units sold.
"Jumeirah has traditionally been a leasehold area, complete with plots and villas, mostly owned by GCC nationals and rented by well-to-do expats. With the launch of freehold projects like Port de La Mer and Madinat Jumeirah Living, it holds a lot of promise for the Dubai real estate residential market to pick up. There's been an overwhelming demand for apartments in these projects. These projects also have a relatively reasonable price tag and have been a major success," said Brigitte Tenbergen, associate director at Luxhabitat.
Among prime residential areas, Jumeirah Lakes Towers offers the top gross rental yield of 7.52 per cent, followed by DIFC at 6.29 per cent and Dubai Marina at 6.2 per cent.
Ryan Kasper, luxury rentals director at Luxhabitat, said: "This quarter has seen a continued drop in rents throughout Dubai's prime residential areas. However, landlords are using more creative means to lure tenants. This includes offering a 13-month rental contract, renovating and upgrading older properties as well as more owners furnishing and renting their properties on a short-term basis. Demand for high-end luxury properties [renting on average for over Dh400,000] has been maintained and is expected to continue throughout the next quarter."
- deepthi@khaleejtimes.com
The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Fallen crypto hero offers apology to his former FTX colleagues
Sector’s GDP contribution is expected to have nearly doubled this year from 2021 to 36.1%
Rice is grown on 416,000 hectares across Europe and total production amounts to 2.8 million tonnes per year
Investigators say the attackers had received significant amounts of cash and cryptocurrency from Ukraine
Complete breakdown of the positions, along with instructions for job seekers on where to submit their CVs
The company aims to capitalise on technology by connecting its cars with its phones and home appliances
After a five-decade-long career, Juergen Hasenkopf, 73, says he can continue to travel around the world for 10 more years