Dubai office rents start to rise as employees return from remote work

The cost of renting an office space in Dubai is starting to rise as employees return from remote work, with rents in some locations now recovering to 2019 levels, according to a new report. Five out of 27 locations tracked in Dubai have seen office rents return to levels prior to the COVID-19 pandemic, real […]

CBRE advises Aldar on Rixos Bab Al Bahr transaction in RAK

Global real estate advisor CBRE has provided valuation and technical due diligence advisory services to leading Abu Dhabi developer Aldar Properties on the purchase of Rixos Bab Al Bahr for $210 million. An upper upscale resort located on Al Marjan Island, Ras Al Khaimah, the 715-key Rixos Bab Al Bahr has been operational since 2014 […]

UAE: Commercial rents return to pre-Covid level in Dubai and Abu Dhabi

Office rents in Dubai and Abu Dhabi have begun to recover to pre-Covid-19 levels as demand for prime space intensifies. According to global real estate consultancy Knight Frank’s analysis released on Monday, five out of 27 locations in Dubai have seen office rents return to pre-pandemic rates. While in Abu Dhabi, the city’s best buildings […]

Azizi announces big Park Avenue I project sales success

Azizi Developments, a leading private developer in the UAE, has announced that it had sold out almost the entire stock of the units in Park Avenue I less than a week of the sale of its 50% units within the development. Now only three unreleased units are left for sale. Park Avenue comprises three buildings […]