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Showing posts from September, 2022

The real estate sector in Dubai is aiming to attract new investors!

  There are nine major factors that helped increase the value of real estate transactions in Dubai in the first quarter of 2021 and, according to the Brokerage Chairman W Capital, the annual increase was 44 percent.  properties for sale in qatar According to Walid Al Zarouni, the vaccination drive Covid-19, the new visa residence legislation and the upcoming Dubai Expo 2020 event are included. Al Zarouni disclosed that the Dubai Land Department data showed an increase of Dh68.6 billion in the amount of real estate transactions between January and March of this year since 18,526 transactions were carried out. The value of immobilized transactions amounted to Dh47.7 billion, compared with 14,684 in the same period of 2020. Data showed that sales grew annually to Dh24,8 billion by 16 percent, through an amount of 11,658 deals, while mortgage value amounted to about Dh39,5 billion in the same period, with an annual growth of 76 percent and 8,091 deals. In the first quarter o...

In March, real-estate transactions in Dubai rose 43% as sector rebounds!

  RIYADH: In March 2021, real-estate transactions in Dubai jumped to 6,590 percent year on year as investors flooded into the sector.  buying property in qatar Sales amounted to 40% to 22,9 billion dirhams ($6.2 billion) according to the Dubai Land Department (DLD) newsletter WAM reported. The second highest monthly total since February 2017 was the number of transactions. The report revealed that the real estate sector continued to attract new investors with 5,683 in Q12021, representing 64% of the total number of investors in the period. In Q1 2021 the value of the commissions obtained by active real estate couriers reached 392 million dirhams, with 143,374 contracts recorded in Q1 2021, 57% new and 43% renewed. The newsletter highlighted the five most attractive areas for investors. In Q1 2021 Hadaeq Sheik Mohammed Bin Rashid rose to the top, followed by Al Thanyah Fourth, Wadi Al-Safa, Wadi Al-Safa, Nad Al-Sheba, and Wadi Al-Safa, 5. Dubai Marina, Palm Jumeirah, Bu...

The luxury real estate market in Dubai sees an unprecedented increase in sales as the global fleeing pandemic, find new homes!

Christophe Reech had been filled with the city's pandemic lock-downs after almost three decades in London. This spring he sold his luxury city house and threw himself into the Dubai desert cheikhdom to begin a new life with his family.  house for sale He said there was no turning back. The super-rich foreign friends of the French business magnate did the same, driving an unprecedented boom in sales of the most exclusive properties in Dubai. "There is only one strategy in Dubai: business as usual," said Reech, President of an eponymous group of real estate and financial technology firms. The philosophy is simple: "Take care to vaccinate everybody and to keep it all open." "That attracts people like me, of course," he said. With vaccines developing worldwide unevenly, and waves of infections force countries to extend restrictions, Dubai's high-end real estate market, one of the few places on the world that foreign buyers can dine, shop and ...

Property markets in Asia Pacific are expected to outperform the global average.

  According to CBRE's 2015 APAC Real Estate Markets Outlook report, Asia Pacific's economic growth will continue to outpace the global average in the coming years, owing to fast urbanization, demographic expansion, a rising middle class, and increasingly rich families.  properties for sale in qatar These trends result in increased demand for high-quality real estate, particularly suburban shopping complexes and residential homes. In 2015, Asia Pacific will continue to outpace the rest of the world, with Oxford Economics forecasting 4.4 percent economic growth vs 2.9 percent internationally. In the meantime, CBRE predicts that overall investment turnover in Asia Pacific would rise 5% year on year to US$118 billion in 2015. According to Dr. Henry Chin, Head of Research, CBRE Asia Pacific, a number of factors are supporting the region's investment growth, including newly raised private equity real estate funds, an increase in institutional investors' allocations to Asi...

In 2014, Canada was the top global investor in commercial real estate in the United States.

  According to CBRE, Canada is the most active global investor in U.S. real estate, with approximately $10 billion in direct investments in 2014, far outpacing Norway, China, Japan, and Germany.  buying property in qatar In 2014, global direct investment in US real estate totaled $41 billion, accounting for roughly 11% of overall investment in US property assets. When compared to 2013, this indicates a 6% rise in worldwide investment. Last year, Canada was the leading global buyer of U.S. real estate, accounting for 26% of all direct foreign investment, or $9.7 billion. As of mid-January 2015, Canadian investors have already transacted $2.75 billion in US real estate. After U.S.-to-U.K. and Hong Kong-to-China capital flows, Canadian real estate investment in the United States was one of the world's greatest cross-border capital flows in 2014. Norway was the second-largest foreign investor in U.S. real estate in 2014, with $14.4 billion in direct foreign investment, a 120...

Domestics will drive office demand in Asia in 2015, while multinationals will be wary.

  Domestic and Asia-regional enterprises, according to CBRE Asia, will drive leasing markets in APAC in 2015, aggressively growing in core central business districts and outside their home markets. Japanese and South Korean businesses will continue to expand in Southeast Asia's rising markets, while Hong Kong will serve as a stepping stone for Chinese businesses looking to expand farther into Asia. Companies will be concerned about rising occupancy expenses, while landlords will prioritize tenant retention.  house for sale Manish Kashyap of CBRE stated, "Landlords are finding it difficult to retain excellent tenants as many cities expand core business centers beyond conventional central business districts and there is a broad flight to quality movement among tenants. Domestic and Asian-based companies are increasingly establishing themselves as tenants in core areas, displacing many multinationals who have relocated to more cost-effective places. Landlords who are losing ten...

Property investment in Europe is at its highest level in five years.

Commercial property investments in Europe climbed 17.7% year over year in the third quarter, marking the best third quarter in the market in five years.  properties for sale in qatar According to Cushman & Wakefield, quarterly commercial real estate investments grew 5.1 percent to €35.9 billion ($48.5 billion), while annual volumes increased 20.4 percent to €149.3 billion. "The market is already shifting gears swiftly," said Jan Willem Bastijn, Cushman & Wakefield's EMEA head of capital markets. "For starters, demand was shifting into second-tier core areas. Then there was demand for better quality secondary properties in top cities in previously ignored areas such as southern Europe, and today there is demand for better quality secondary assets in top cities." France, the United Kingdom, and Germany continue to attract investors, accounting for 65 percent of total investment in the third quarter, up from 57 percent in the second. However, as confidence ...

Allianz invests €295 million in shopping malls in France.

For 395 million euros ($535 million), Allianz Real Estate has agreed to buy a share in five shopping complexes in France from Paris-based developer Altarea Cogedim.  buying property in qatar According to a business announcement, the portfolio comprises Bercy Village, Toulouse Gramont, the Gare de l'Est shops, Espace Chanteraines in Gennevilliers, and the Toulon - La Valette development project, with a total asset worth of more than 800 million euros. The malls will be owned by the Allianz Group, Europe's largest insurer, which will own a 49 percent stake. "This equity investment is our most significant investment in Europe this year, and we are happy with this long-term cooperation with a leading commercial real estate operator," said Olivier Piani, CEO of Allianz Real Estate. The portfolio "has the asset profile we're looking for and improves our real estate exposure in France," according to the company. The properties in the portfolio will be managed a...

The Office Tower was purchased for $326 million by Deutsche Bank.

CBRE Global Investors Inc. has sold the WestendDuo office skyscraper in Frankfurt to Deutsche Bank for roughly €240 million ($326 million).  house for sale   Bloomberg says that the bank also paid €104 million for an office development project in Paris named In Situ. The 30,000 square meters of lease area in the 26-story WestendDuo tower. Vinci Immobilier and Nexity Enterprises sold the project in Paris. It is scheduled to be finished in 2015. Both properties were purchased for the Grundbesitz Europa investment fund by Deutsche Asset & Wealth Management. According to Bloomberg, the Grunbesitz Europa fund has 48 buildings worth almost €4 billion. For $408 million, Allianz will purchase a German shopping mall. According to Bloomberg, Allianz Real Estate plans to purchase the Koe Galerie shopping mall in Dusseldorf from Blackstone Group for €300 million ($408 million). Bloomberg says that Allianz Real Estate Investments, the real estate arm of Europe's largest insurer, will b...