Month: February 2014

Dubai records 80% hotel occupancy rate and 2,780 new rooms in 2013

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Even after witnessing an influx of almost 3,000 new hotel rooms, Dubai managed to maintain a “healthy” occupancy rate of 80% in 2013. Summary Dubai hotels recorded an occupancy of 80% in 2013 The Emirate welcomed almost 3,000 new four and five-star rooms into the hospitality market in 2013 Mild winter weather largely attributable to… Read more »

Barratt and Taylor Wimpey in line for FTSE 100 inclusion

Two of the UK’s biggest house builders are set for inclusion in the FTSE 100 next month as the property market continues to recover apace. Two house builders whose shares have soared in the past year are expected to be included in the FTSE 100 as Britain’s housing boom continues apace. The index of Britain’s… Read more »

Fall in landlords seeking vacant possession in 2013

Landlords seeking vacant possession of property has fallen by 43% year-on-year, with 14% seeking this option in 2013 compared to 20% a year previously. The number of landlords seeking vacant possession of property has fallen by 43% year-on-year, according to figures from the National Landlords Association (NLA). According to the association’s Quarterly Landlord Panel, 14%… Read more »

Knight Frank: Take-up of industrial units strong in Sheffield and South Yorkshire

Knight Frank: Take-up of industrial units strong in Sheffield and South Yorkshire

A 625,000 sq ft industrial property deal in Sheffield underpinned South Yorkshire’s impressive performance when it came to letting existing units in the second half of 2013. Summary South Yorkshire outstripped the rest of the UK when it came to letting industrial property in the latter half of 2013 A 625,000 sq ft deal in… Read more »

Building on kilometre-high tower set to begin

Material testing as building on kilometre-high tower set to begin

Materials that will be the backbone of the kilometre-tall Kingdom Tower in Saudi Arabia are being quality tested ahead of building work commencing. Summary Materials for use on kilometre-high Kingdom Tower are being tested Building will be the tallest in the world when completed in 2018, overtaking Dubai’s Burj Khalifa Tower part of 5.2 sq… Read more »

ONS: Average UK house price reaches £250,000

With the cost of housing growing across the country and in London in particular, the average house price now stands at £250,000. Official figures from the Office for National Statistics (ONS) have revealed that the average UK house price has reached the quarter of a million mark. The latest figures from the department showed that… Read more »

Dubai property revival sees developer Emaar’s profits top AED2.5 billion

Dubai property revival sees developer Emaar’s profits top AED2.5 billion

A strong recovery in the Dubai real estate market has seen the country’s leading developer report profits in excess of AED2.5 billion for 2013. Summary: Dubai property developer Emaar reports AED2.5 billion profits Fourth quarter profits jump by 48% Annual sales increase by 25% sees strong residential and commercial property returns Quarterly profits at Dubai… Read more »

New Sheffield student housing development on track for approval

A proposal to build hundreds of student apartments and studios in Sheffield is expected to get the green light following a number of alterations in the design. A postponed proposal to construct hundreds of student flats in Sheffield is expected to be approved following numerous changes to the design. Following several amendments to the original… Read more »