Gravity Real Estate

Abu Dhabi

Abu Dhabi property sector takes the steady approach

It has often appeared a tenet of development in this country that slow and steady wins the race – and with new projects announced seemingly weekly in Dubai as the end of 2013 nears, this trend seems more relevant than ever. Dubai’s boom days seem to have returned off the back of rising tourism, but bar a number of significant project launches in the luxury hotel sector

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Aldar ties up with Chalhoub for region’s biggest department store at Yas Mall in Abu Dhabi

Aldar Properties has signed an agreement with the luxury brand retailer Chalhoub Group to create the region’s largest department store, at Abu Dhabi’s soon-to-open Yas Mall. Chalhoub, which opened the world’s largest shoe store – the 96,000 square feet Level Shoe District in The Dubai Mall in 2012 – said that it had signed an agreement

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Rental returns in Dubai, Abu Dhabi raise alarm

In its Financial Stability Report, the Central Bank of the UAE said average residential sale prices had surged by 24 per cent in Dubai and 21 per cent in Abu Dhabi for the year. Rental yields in Dubai and Abu Dhabi have dipped below historical levels as property prices continue to rise, leading the UAE Central Bank to caution that they could indicate a growing imbalance. Rental yields in Dubai and Abu Dhabi have dipped below historical levels as property prices continue

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