Al Basel Real Estate Brokers, a part of the Al Basel Group of Companies, achieved an AED 175-million sales mark for property developer Deyaar’s The Atria, Mont Rose, and Central Park projects in Dubai. Boasting robust partnerships with renowned property firms in Saudi Arabia and Abu Dhabi, the company owed its latest positive performance recorded from January 2016 up to July 2018 to the robust appetite of local, regional, and global investors for luxury, high-end real estate developments in the emirate.
The average cost for buying and selling property in Dubai has decreased from the last quarter of 2018 in most areas, but the price differences have been fairly modest in Q3 as per the real estate market report by Bayut.com.
- Within a year of securing over $1 million USD funding from international venture capitalists, Accel, Facilio has signed contracts with several prestigious clients across the US, India, and the Middle East, accruing a whopping 20 million sq ft of built space under its management
- Facilio is the world’s first IoT and AI-driven facilities management SaaS solution that covers end-to-end building maintenance, operations, sustainability, and tenant experience, across portfolios.
- With this momentum, Facilio is gearing up to expand the engineering team in India and grow the support, sales and marketing teams in the US.
Facilio, an Atlanta-based FM Tech start-up, has already established a strong foothold in Dubai across IoT & AI-driven applications designed to unify building performance in real-time, within its first year of operations in the Middle East.
Abu Dhabi Rent and Sales Price Remain Stable in 2017
UAE- based Egyptians thronged to the Nile Property Expo – Abu Dhabi 2017 being held at the Abu Dhabi National Exhibition Centre (ADNEC), to peruse through attractive and valued investment opportunities from more than 15 exhibitors, on the first day of the three-day exhibition held from December 14 to 16, 2017.
The International Real Estate and Investment Show (IREIS) – dubbed as the longest running property exhibition in Abu Dhabi – ended on 4 November, 2017 with a positive response from property buyers and investors from the UAE. IREIS 2017 showcased more than 300 projects of about 120 reputed real estate and investment companies from the UAE, USA, UK, Canada, Europe, Pakistan, and the Caribbean Islands.
Dubai-based Binghatti Developers has taken the spotlight at the 3rd annual Dubai Property Show in Mumbai, the Dubai Land Department sponsored property exhibition taking place at the Bandra Kurla Complex in Mumbai from November 3 to 5.
The 9th edition of the International Real Estate & Investment Show 2017 (IREIS) will kick off on 2nd November at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi where UAE’s leading developers that include Emaar, DAMAC, Danube, C & Co Real Estate Development, ARADA, Green Valley, and FAM Holding, will open discussion on real estate and investment, and reveal its latest projects at the three-day expo.
The exhibition pays attention to the generational shift in property investment
Investors in Dubai have a good interest investing in the UK. As the UK experiences depreciation following effecting Article 50, will Dubai investors look into investing in the UK as the GBP depreciates as a result of Brexit? Following the Brexit referendum last year, there has been a 16 per cent fall in the value of commercial real estate in the UK. Head of residential at JLL MENA mentioned that “In the Middle East, we find that Gulf-based investors and owner-occupiers have always had a tremendous affinity for the UK as a place to invest and to spend time. The capital largely flows into London from these potential investors, but there has been increasing interest in cities such as Birmingham and Manchester in the last couple of years.”
The International Real Estate & Investment Show 2017 (IREIS) is the one-stop shop for real estate investment opportunities across the world. The 9th edition of the expo will be held from November 2-4 at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi.
UAE Market Report February 2017