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News • UAE • Office • Residential

Why oversupply issues could hit Abu Dhabi's property market in 2021

Consultants Cushman & Wakefield Core predicts a spike in handovers this year with more than 7,000 units set to be delivered

Khaleej Times • 2021-02-09

Why oversupply issues could hit Abu Dhabi's property market in 2021 (image)

News • UAE • Residential

Abu Dhabi Villa Prices Climb for the First Time in Five Years

Villa values rose 2% amid higher demand; apartment prices drop

Bloomberg • 2021-02-08

Abu Dhabi Villa Prices Climb for the First Time in Five Years (image)

News • UAE • Residential

Strong supply to keep rentals, prices under pressure

Cushman & Wakefield Core projects 7,000 units to hit the market this year as compared to 4,500 last year

Khaleej Times • 2021-02-08

Strong supply to keep rentals, prices under pressure (image)

News • UAE • Economy

UAE's GDP contracted 7.7% in 2020

The IIF noted that the UAE could afford a modestly expansionary fiscal stance in 2021 given its large financial buffers

Khaleej Times • 2021-02-08

UAE's GDP contracted 7.7% in 2020 (image)

News • UAE • Residential

Here's how landlord incentives limited 2020 rent drops in Abu Dhabi despite COVID-19

Landlords compensated tenants through monthly payment options and rent deferments

Gulf News • 2021-02-08

Here's how landlord incentives limited 2020 rent drops in Abu Dhabi despite COVID-19 (image)

News • UAE • Office

Dubai office space to remain 'pivotal' in 2021 despite boom in remote working

New research says Dubai businesses will continue to need common spaces to foster innovation, productivity, company culture and teamwork

Arabian Business • 2021-01-23

Dubai office space to remain 'pivotal' in 2021 despite boom in remote working (image)

News • UAE • Office

Even 12-month rent-frees are on offer for office rentals in Dubai

Landlords willing to do so on longer term contracts even as more space hits market

Gulf News • 2021-01-21

Even 12-month rent-frees are on offer for office rentals in Dubai (image)

News • UAE • Office

UAE office market remains tenant-friendly as landlords offer incentives and attractive lease terms

The office market continues to face headwinds with occupancy levels under pressure

Gulf News • 2021-01-20

UAE office market remains tenant-friendly as landlords offer incentives and attractive lease terms (image)

News • UAE • Residential

Fewer Dubai real estate project launches expected in 2021 as developers rethink plans

Dubai apartment prices are set to bear brunt of 2021 declines as oversupply persists

Arabian Business • 2021-01-19

Fewer Dubai real estate project launches expected in 2021 as developers rethink plans (image)

News • UAE • Residential

Dubai to add 39,000 home units in 2021

Secondary sales transactions are expected to be steady as underlying demand is supported by lower capital values

Khaleej Times • 2021-01-18

Dubai to add 39,000 home units in 2021 (image)