Month: February 2014

Dubai Land Department introduces new ‘smart’ system for real estate ownership

Dubai Land Department introduces new ‘smart’ system for real estate ownership

A smart new system for issuance of real estate ownership will provide more sophisticated protection, says Dubai Land Department. Summary Dubai Land Department introduce smart electronic real estate ownership Designed to protect the rights of property owners New system is in line with vision to transform Dubai into a ‘Smart City’ A ‘smart’ new system… Read more »

Only 9% of UK tenants have experienced deposit deductions

New figures show that just 9% of tenants in the UK have had deductions made to their deposit, which is good news for both renters and landlords. A poll conducted by tenancy deposit protection scheme My Deposits has found that just 9% of tenants in the private rented sector have had deductions made from their… Read more »

Office vacancy rate in Manchester city centre drops to five-year low of 15.3%

Office take-up in Manchester city centre soared by 11.7% last year, driving the vacancy rate down to a five-year low of 15.3%. New figures reveal steadily rising interest in city centre-based commercial property in Manchester. According to the Manchester Office Agents Forum (MOAF), office take-up in the city centre jumped by 11.7% last year to… Read more »

Property growth in Dubai experiences 6% slowdown in Q4 2013

Property growth in Dubai experiences 6% slowdown in Q4 2013

Property growth in Dubai slowed by 6% in Q4 of 2013, but estimates for 2014 remain high according to international property firm Knight Frank. Summary Dubai property growth down 6% in Q4 of 2013 Growth in Q4 lower than previous four quarters Estimates for 2014 suggest growth of up to 15% Estimates for the level… Read more »

Dubai to invest $8.8bn to develop World Expo 2020 facilities

Dubai to invest $8.8bn to develop World Expo 2020 facilities

The Dubai government has announced plans to spend $8.8bn on developing facilities to host the World Expo 2020 event. Summary $8.8bn to be spent on facilities for World Expo 2020 Dubai government to supply a “significant amount” of funding 25 million visitors expected at event Dubai will invest $8.8bn to develop facilities for the World… Read more »

UCAS: Applications to UK universities up 4%

Demand for student housing is likely to rise as figures from UCAS reveals applications to UK universities have jumped by 4%. Encouraging figures from UCAS show that the number of applications to UK universities has jumped by 4% compared with this time last year. Some 580,000 people have applied to start undergraduate courses at UK… Read more »

High tourist volumes see Dubai Mall clinch most visited retail destination

High tourist volumes see Dubai Mall clinch most visited retail destination

Dubai Mall has won the title of most visited retail destination in the world for the third consecutive year. Summary Dubai Mall clinches title of most visited retail destination in the world for third time running Tourists accounted for 40% of total visitor numbers to the mall in 2013 Dubai welcoming increasing numbers of tourists… Read more »

Student housing: 98% tenancy rates and 9% assured yields in 2013

Attractive returns, 98% tenancy rates and rising demand from affluent overseas students are boosting investor interest in student accommodation. With exceptionally high tenancy rates, rising demand and attractive returns, investors are increasingly turning to student accommodation. Student housing offered sustainable and assured yields of 7-9% net in 2013, according to Go Global Investments, although the CBRE… Read more »