The Dubai office market witnessed declining prices and rental rates across most locations in 2015 due to weaker oil prices and a rising US dollar. Supply growth moderated to around 5% with notable additions in secondary districts like Business Bay. Rents increased in the prime DIFC location but declined in other prime areas and most secondary districts. The strongest demand was for large, well-managed buildings with single ownership. Overall the market is expected to stabilize in 2016 but further weakness could occur if oil prices and Gulf economies do not recover.
UAE real estate developers profited greatly in 2014 from the hype surrounding Dubai winning the bid for Expo 2020, with many reporting significant increases in net profits from a year prior. However, the rapid growth is seen as unsustainable, and the market has started to stabilize and cool down. While 2014 was positive, the outlook for 2015 is more challenging as prices and sales volumes decline from unsustainable highs. Developers may face losses if the market declines further and are starting to implement cost-cutting measures in preparation.
JetBlue had a very successful 2012, with record revenues and profits. Net income increased 50% to $128 million on revenues of nearly $5 billion. JetBlue opened new routes, expanded into new markets, and improved its operating margin and return on invested capital. Even with Hurricane Sandy negatively impacting operations, JetBlue reported its highest earnings per share since 2003. JetBlue plans to continue profitable growth in 2013 by focusing on key markets like Boston, the Caribbean, and Latin America, while maintaining competitive costs.
The Dubai office market witnessed declining prices and rental rates across most locations in 2015 due to weaker oil prices and a rising US dollar. Supply growth moderated to around 5% with notable additions in secondary districts like Business Bay. Rents declined in oversupplied areas like Sheikh Zayed Road but held steady or increased in prime locations like Downtown and DIFC. Overall, the Dubai office market is expected to stabilize in 2016 but further weakness could occur if oil prices and Gulf economies do not recover.
This document provides an overview of Core Savills, a real estate services company operating in Dubai and Abu Dhabi. It discusses Core Savills' long history and track record in commercial and residential property services in the UAE. It also highlights how the recent partnership with Savills allows Core Savills to offer clients international property advice, combining local expertise with Savills' global network of over 30,000 professionals. The document emphasizes Core Savills' commitment to developing long-term client relationships through transparency, trust and superior customer service.
This document discusses real estate investment opportunities in Dubai. It reports that Dubai offers average annual real estate yields of 7%, which is higher than yields in other major international markets. While luxury home sales have slowed, demand for affordable rental properties remains high. The document examines yields from various property types and locations in Dubai, finding that affordable housing and up-and-coming areas offer the highest yields, ranging from 7-13%. Experts advise that while guaranteed returns may seem attractive, investors should consider factors like potential rent changes after the guarantee expires and actual market yields. Overall, Dubai continues to attract real estate investors due to factors like security, tax benefits, and expectations of high risk-adjusted returns.
- 2014 started strongly for Dubai's real estate market due to increased confidence after winning Expo 2020, but growth slowed in the third quarter
- Residential property prices saw double-digit growth in the first half of 2014 before declining slightly in the second half, while rents continued to rise
- Office and retail markets performed well, with office prices up 45% in Q2 2014 and retail rents increasing 2% in Q4, but hotel occupancy dropped as supply increased
- The outlook for 2015 is for a continued modest correction in the high-end residential sector but moderate price growth of 5-7% in mid-range areas, along with further rent increases across sectors
- The document discusses an investment opportunity to develop Vertex Towers, a residential complex in Dubai with four towers that will house over 1,000 hotel staff.
- It will be located in the International Media Production Zone and consist of studio, one-bedroom, and two-bedroom apartments along with recreational amenities.
- Three cash flow scenarios are presented: developing all four towers for rental income; developing all four towers and selling two in the first year; or developing and selling all four towers.
UAE real estate developers profited greatly in 2014 from the hype surrounding Dubai winning the bid for Expo 2020, with many reporting significant increases in net profits from a year prior. However, the rapid growth is seen as unsustainable, and the market has started to stabilize and cool down. While 2014 was positive, the outlook for 2015 is more challenging as prices and sales volumes decline from unsustainable highs. Developers may face losses if the market declines further and are starting to implement cost-cutting measures in preparation.
JetBlue had a very successful 2012, with record revenues and profits. Net income increased 50% to $128 million on revenues of nearly $5 billion. JetBlue opened new routes, expanded into new markets, and improved its operating margin and return on invested capital. Even with Hurricane Sandy negatively impacting operations, JetBlue reported its highest earnings per share since 2003. JetBlue plans to continue profitable growth in 2013 by focusing on key markets like Boston, the Caribbean, and Latin America, while maintaining competitive costs.
The Dubai office market witnessed declining prices and rental rates across most locations in 2015 due to weaker oil prices and a rising US dollar. Supply growth moderated to around 5% with notable additions in secondary districts like Business Bay. Rents declined in oversupplied areas like Sheikh Zayed Road but held steady or increased in prime locations like Downtown and DIFC. Overall, the Dubai office market is expected to stabilize in 2016 but further weakness could occur if oil prices and Gulf economies do not recover.
This document provides an overview of Core Savills, a real estate services company operating in Dubai and Abu Dhabi. It discusses Core Savills' long history and track record in commercial and residential property services in the UAE. It also highlights how the recent partnership with Savills allows Core Savills to offer clients international property advice, combining local expertise with Savills' global network of over 30,000 professionals. The document emphasizes Core Savills' commitment to developing long-term client relationships through transparency, trust and superior customer service.
This document discusses real estate investment opportunities in Dubai. It reports that Dubai offers average annual real estate yields of 7%, which is higher than yields in other major international markets. While luxury home sales have slowed, demand for affordable rental properties remains high. The document examines yields from various property types and locations in Dubai, finding that affordable housing and up-and-coming areas offer the highest yields, ranging from 7-13%. Experts advise that while guaranteed returns may seem attractive, investors should consider factors like potential rent changes after the guarantee expires and actual market yields. Overall, Dubai continues to attract real estate investors due to factors like security, tax benefits, and expectations of high risk-adjusted returns.
- 2014 started strongly for Dubai's real estate market due to increased confidence after winning Expo 2020, but growth slowed in the third quarter
- Residential property prices saw double-digit growth in the first half of 2014 before declining slightly in the second half, while rents continued to rise
- Office and retail markets performed well, with office prices up 45% in Q2 2014 and retail rents increasing 2% in Q4, but hotel occupancy dropped as supply increased
- The outlook for 2015 is for a continued modest correction in the high-end residential sector but moderate price growth of 5-7% in mid-range areas, along with further rent increases across sectors
- The document discusses an investment opportunity to develop Vertex Towers, a residential complex in Dubai with four towers that will house over 1,000 hotel staff.
- It will be located in the International Media Production Zone and consist of studio, one-bedroom, and two-bedroom apartments along with recreational amenities.
- Three cash flow scenarios are presented: developing all four towers for rental income; developing all four towers and selling two in the first year; or developing and selling all four towers.
Prospects of Property & Facility Management Business in UAE, being majority expatriate population, rental is always an good options for people shifting to UAE, not all can afford to buy apartment in country like UAE, which had very diverse population from all walk of life.
There lies an opportunity to serve landlords & tenants who will be your primary clients, in-line with this there are some other perks you get working with prominent landlords of selling their property, manging their complete portfolio, propose investment deals, etc.
This presentation is self-understanding and if strategies mentioned in them are implemented with talent than their is a lot of scope for success over the time. Networking is the key, from one landlord to second than third and so on, so to make this happen, you need to serve your landlords well so word of mouth brings more business to you.
- In Q2 2015, the Dubai residential market saw a marginal decline of 1.7% overall, an improvement from the 2.3% decline in Q1 2015. Apartment prices declined by 2% while villa prices declined slightly more at 2.4%.
- A total of 24 new off-plan projects were launched in Q2 2015, adding approximately 7,900 new units, most located in secondary areas like Dubai Silicon Oasis and Dubai World Central.
- Rental rates for apartments remained stable in prime areas while declining slightly for villas. Agents surveyed predicted price declines up to 5% in sales for Q3 2015 but stable or slightly lower rents.
The document discusses asset allocation trends among financial advisors in the Middle East based on a survey. It finds that exposure to global developed market equities and structured notes are expected to increase the most over the next year. Emerging markets and GCC stocks are also popular but hedge funds remain less so. Dubai is establishing itself as a leading financial center in the region, having attracted many international asset managers to set up operations there. The developing regulatory environment and growth of the UAE economy are contributing to Dubai's rise.
CBD Noida is arriving up with new commercial project Central Company Region WTC CBD Noida at Sector 132 Noida Expressway. The Project is a dream project not for the developer but also for Delhi/NCR. For more Details Visit: https://www.worldtradecentercbd.com/
The real estate markets in Abu Dhabi and Dubai have seen different trends in recent months.
In Abu Dhabi, the residential market has seen healthy demand and price growth of 11-35% for apartments and 5-30% for villas due to new project launches and government initiatives. However, rental yields have decreased as sale prices have grown faster than rents.
The Dubai residential market has slowed down, with transactions declining and stable or slightly increasing rents. However, office and retail spaces have seen rising lease rates and occupancy due to economic growth.
Both markets are expected to continue growing in 2015, with new project openings supporting the residential and commercial sectors, though increased housing supply may slow price
The document discusses the need for mid-market hotels in Dubai to accommodate a more diverse range of travelers as the city aims to attract 20 million visitors by 2020. While Dubai currently relies heavily on luxury hotels, mid-market hotels that offer affordable accommodations, good wifi, and technology access would appeal more to millennial and budget travelers from emerging markets like India and China. The paper examines factors driving demand for mid-market hotels and outlines challenges to their development, but argues they can be financially viable given lower construction costs per room compared to luxury hotels.
The document provides an overview of Lee & Associates, a commercial real estate services firm with over 870 agents and $12 billion in annual transaction volume. It then summarizes national industrial market trends in the second quarter of 2016, including steady vacancy declines, strong net absorption, and rising rental rates. Finally, it offers a outlook for continued positive industrial market conditions in the short term, followed by a potential slowing of growth in 2017 due to global economic uncertainties.
Property Times eMagazine July 2014 - Dubai No.1 Realty News Magazine. Property Times Magazine Dubai. Read Property News Online. Dubai Real Estate News Magazine Online. Real Estate Market in Dubai.
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
Kolkata Office Market Overview Jan 2015Sachin Sharma
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises, especially in Lagos, Abuja and major cities, supported by the 2017 budget's infrastructure spending and efforts to diversify the economy.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises with an improving economy and population. The 2017 national budget aims to boost infrastructure spending and economic growth, which could pull the real estate sector out of its downturn later in the year through higher property prices, construction activity and consumer demand.
- Office rents in Ho Chi Minh City remained stable in Q3 2015, while occupancy increased to an average of 94% due to new supply. Grade A and B office rents increased to US$40/sqm/mth and US$24/sqm/mth respectively in the city center.
- The retail market saw average asking rents increase to US$59/sqm/mth in the CBD. New shopping centers added over 100,000 sqm of supply. Occupancy declined slightly to 92% for shopping centers.
- Residential sales volumes increased 88% YoY in Q3 2015 to nearly 8,000 units. Average primary prices rose 2.5% while the luxury segment
UAE Realty: How much has changed | Global CitizenHeba Hashem
The real estate market in the UAE experienced a crash following the 2008 global financial crisis, with property prices falling by up to 60%. While many projects were put on hold or cancelled, the market is now recovering to pre-recession levels. Investors have become more cautious since the crisis, relying less on pre-sales. The government has introduced new regulations to improve standards and stability in the market, including stricter valuation standards and higher transaction fees. The recovery is being driven more by cash buyers than external financing to avoid overheating.
The document is a newsletter from Deyaar Development PJSC that provides updates on the company's projects and initiatives. It discusses that Deyaar awarded a AED 600 million contract to build over 1,200 units in its Midtown Afnan and Dania districts. It also launched a charitable initiative called Deyaar Al Khair that provides free maintenance services to underprivileged families. Additionally, it held blood donation drives to boost Dubai's blood collection rates and enhanced its fire safety program with over 300 inspections to ensure resident safety.
Rents and occupancy rates across all office grades in Ho Chi Minh City increased in Q4 2015, with Grade A average asking rents rising 1.5% quarter-over-quarter. While CBD office supply remained unchanged, 30,000 square meters of new non-CBD stock was added. In 2016, Grade B office space will see the largest new supply increase, with nearly 77,000 square meters from 4 new projects. Demand for office space is expected to rise due to economic growth, infrastructure improvements, and new trade agreements.
The document discusses the top real estate trends for the UAE in 2014 as identified by Jones Lang LaSalle. The key trends include avoiding another property bubble in Dubai through more measured development, the return of major mega-projects, future areas of growth, limited impact of Expo 2020 in 2014, varied approaches to real estate financing, a two-speed investment market, increased corporate activity driving workplace transformation, more hotel investment sales, sustainability moving from talk to action, and improved valuation and measurement standards. The trends are expected to have differing impacts across major UAE real estate markets like Dubai and Abu Dhabi.
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
Signature Global TITANIUM SPR | 3.5 & 4.5BHK High rise Apartments in Gurgaonglobalsignature2022
Signature Global TITANIUM SPR launched a high rise apartments in Gurgaon . In this project Signature Global offers 3.5 & 4.5 BHK high rise Apartment at sector 71 Gurgaon SPR Road. Signature Global Titanium SPR is IGBC Gold certified, a testament to our commitment to sustainability.
Prospects of Property & Facility Management Business in UAE, being majority expatriate population, rental is always an good options for people shifting to UAE, not all can afford to buy apartment in country like UAE, which had very diverse population from all walk of life.
There lies an opportunity to serve landlords & tenants who will be your primary clients, in-line with this there are some other perks you get working with prominent landlords of selling their property, manging their complete portfolio, propose investment deals, etc.
This presentation is self-understanding and if strategies mentioned in them are implemented with talent than their is a lot of scope for success over the time. Networking is the key, from one landlord to second than third and so on, so to make this happen, you need to serve your landlords well so word of mouth brings more business to you.
- In Q2 2015, the Dubai residential market saw a marginal decline of 1.7% overall, an improvement from the 2.3% decline in Q1 2015. Apartment prices declined by 2% while villa prices declined slightly more at 2.4%.
- A total of 24 new off-plan projects were launched in Q2 2015, adding approximately 7,900 new units, most located in secondary areas like Dubai Silicon Oasis and Dubai World Central.
- Rental rates for apartments remained stable in prime areas while declining slightly for villas. Agents surveyed predicted price declines up to 5% in sales for Q3 2015 but stable or slightly lower rents.
The document discusses asset allocation trends among financial advisors in the Middle East based on a survey. It finds that exposure to global developed market equities and structured notes are expected to increase the most over the next year. Emerging markets and GCC stocks are also popular but hedge funds remain less so. Dubai is establishing itself as a leading financial center in the region, having attracted many international asset managers to set up operations there. The developing regulatory environment and growth of the UAE economy are contributing to Dubai's rise.
CBD Noida is arriving up with new commercial project Central Company Region WTC CBD Noida at Sector 132 Noida Expressway. The Project is a dream project not for the developer but also for Delhi/NCR. For more Details Visit: https://www.worldtradecentercbd.com/
The real estate markets in Abu Dhabi and Dubai have seen different trends in recent months.
In Abu Dhabi, the residential market has seen healthy demand and price growth of 11-35% for apartments and 5-30% for villas due to new project launches and government initiatives. However, rental yields have decreased as sale prices have grown faster than rents.
The Dubai residential market has slowed down, with transactions declining and stable or slightly increasing rents. However, office and retail spaces have seen rising lease rates and occupancy due to economic growth.
Both markets are expected to continue growing in 2015, with new project openings supporting the residential and commercial sectors, though increased housing supply may slow price
The document discusses the need for mid-market hotels in Dubai to accommodate a more diverse range of travelers as the city aims to attract 20 million visitors by 2020. While Dubai currently relies heavily on luxury hotels, mid-market hotels that offer affordable accommodations, good wifi, and technology access would appeal more to millennial and budget travelers from emerging markets like India and China. The paper examines factors driving demand for mid-market hotels and outlines challenges to their development, but argues they can be financially viable given lower construction costs per room compared to luxury hotels.
The document provides an overview of Lee & Associates, a commercial real estate services firm with over 870 agents and $12 billion in annual transaction volume. It then summarizes national industrial market trends in the second quarter of 2016, including steady vacancy declines, strong net absorption, and rising rental rates. Finally, it offers a outlook for continued positive industrial market conditions in the short term, followed by a potential slowing of growth in 2017 due to global economic uncertainties.
Property Times eMagazine July 2014 - Dubai No.1 Realty News Magazine. Property Times Magazine Dubai. Read Property News Online. Dubai Real Estate News Magazine Online. Real Estate Market in Dubai.
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
Kolkata Office Market Overview Jan 2015Sachin Sharma
The Kolkata office market remained subdued in 2014 with total absorption of around 1.66 million square feet, similar to 2013 levels. Demand was led by the BFSI, IT/ITES, and construction sectors. Limited supply addition of 1.14 million square feet and below-average absorption kept vacancy levels stable. Grade A office rents declined 7% year-over-year across micromarkets except one. Capital values decreased 16% year-over-year in peripheral locations but increased 3% in the CBD due to domestic investor demand. The market is expected to remain stagnant in 2015 until policy level issues are addressed.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises, especially in Lagos, Abuja and major cities, supported by the 2017 budget's infrastructure spending and efforts to diversify the economy.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises with an improving economy and population. The 2017 national budget aims to boost infrastructure spending and economic growth, which could pull the real estate sector out of its downturn later in the year through higher property prices, construction activity and consumer demand.
- Office rents in Ho Chi Minh City remained stable in Q3 2015, while occupancy increased to an average of 94% due to new supply. Grade A and B office rents increased to US$40/sqm/mth and US$24/sqm/mth respectively in the city center.
- The retail market saw average asking rents increase to US$59/sqm/mth in the CBD. New shopping centers added over 100,000 sqm of supply. Occupancy declined slightly to 92% for shopping centers.
- Residential sales volumes increased 88% YoY in Q3 2015 to nearly 8,000 units. Average primary prices rose 2.5% while the luxury segment
UAE Realty: How much has changed | Global CitizenHeba Hashem
The real estate market in the UAE experienced a crash following the 2008 global financial crisis, with property prices falling by up to 60%. While many projects were put on hold or cancelled, the market is now recovering to pre-recession levels. Investors have become more cautious since the crisis, relying less on pre-sales. The government has introduced new regulations to improve standards and stability in the market, including stricter valuation standards and higher transaction fees. The recovery is being driven more by cash buyers than external financing to avoid overheating.
The document is a newsletter from Deyaar Development PJSC that provides updates on the company's projects and initiatives. It discusses that Deyaar awarded a AED 600 million contract to build over 1,200 units in its Midtown Afnan and Dania districts. It also launched a charitable initiative called Deyaar Al Khair that provides free maintenance services to underprivileged families. Additionally, it held blood donation drives to boost Dubai's blood collection rates and enhanced its fire safety program with over 300 inspections to ensure resident safety.
Rents and occupancy rates across all office grades in Ho Chi Minh City increased in Q4 2015, with Grade A average asking rents rising 1.5% quarter-over-quarter. While CBD office supply remained unchanged, 30,000 square meters of new non-CBD stock was added. In 2016, Grade B office space will see the largest new supply increase, with nearly 77,000 square meters from 4 new projects. Demand for office space is expected to rise due to economic growth, infrastructure improvements, and new trade agreements.
The document discusses the top real estate trends for the UAE in 2014 as identified by Jones Lang LaSalle. The key trends include avoiding another property bubble in Dubai through more measured development, the return of major mega-projects, future areas of growth, limited impact of Expo 2020 in 2014, varied approaches to real estate financing, a two-speed investment market, increased corporate activity driving workplace transformation, more hotel investment sales, sustainability moving from talk to action, and improved valuation and measurement standards. The trends are expected to have differing impacts across major UAE real estate markets like Dubai and Abu Dhabi.
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
Signature Global TITANIUM SPR | 3.5 & 4.5BHK High rise Apartments in Gurgaonglobalsignature2022
Signature Global TITANIUM SPR launched a high rise apartments in Gurgaon . In this project Signature Global offers 3.5 & 4.5 BHK high rise Apartment at sector 71 Gurgaon SPR Road. Signature Global Titanium SPR is IGBC Gold certified, a testament to our commitment to sustainability.
36,778 sq. ft. building; Zoning: SE (Suburban Employment): The (SE) District allows numerous commercial site uses; Passenger elevator; Private and common restrooms; Fully sprinkled; Data center with a grounded floor and a specialized HVAC system; 60 KVA back-up generator; Building/pylon signage; Potential to purchase adjacent parcels; Sale Price: $4,413,360
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
Anilesh Ahuja Pioneering a Paradigm Shift in Real Estate Success.pptxneilahuja668
Anilesh Ahuja journey is a testament to the power of vision, resilience, and unwavering determination. As a visionary leader, he continues to inspire and empower others to dream big and challenge the status quo. His legacy extends far beyond the realm of real estate, leaving an indelible mark on the industry and the world at large.
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
Why is Revit MEP Outsourcing considered an as good option for construction pr...MarsBIM1
Outsourcing MEP modeling services require effective collaboration and coordination amongst multiple engineering trades. The engineers and the designers often change the details of the MEP projects, but the work of Revit MEP drafting services is having the master plan and model of the complete project. To have proper coordination and installation, there is a need to execute the project effectively. Hence, the work of Revit family creation facilitates the MEP engineers.
Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
1. An International Associate of Savills
core-me.com 01
Market in Minutes
Dubai Office Market Q1 2016
SUMMARY
Overview
Core Research
Dubai Property
Middle Eastern real estate economies are typically volatile and
sensitive to both oil price movements and political events.
However, as the region’s real estate markets mature and their
economies move away from such reliance on this sector, it is
anticipated that such volatility will become less evident. Leading
this progress towards greater stability, Dubai has now passed
through its first real estate cycles and is displaying the charac-
teristics of a maturing market with rational investor behaviour
driving developer and end user activity.
Nevertheless, the role of oil price movements cannot be ignored
even in Dubai, and the sharp downward movement of oil prices
during 2015 has resulted in significantly less liquidity amongst
the investment and business sectors throughout the Middle
East. The UAE Dirham’s peg against a strengthening US Dollar is
also providing an increasingly challenging environment for
developers as Dubai real estate becomes increasingly expensive
for international buyers. Source: Core Savills Research
Movement of Currencies Relative to the US Dollar
GRAPH 1
EURGBPINR
0.5
0.7
0.9
1.1
1.3
1.5
1.7
1.9
0.000
0.002
0.004
0.006
0.008
0.010
0.012
0.014
0.016
0.018
0.020
Jan-13
M
ar-13
M
ay-13
Jul-13
Sep-13
N
ov-13
Jan-14
M
ar-14
M
ay-14
Jul-14
Sep-14
N
ov-14
Jan-15
M
ar-15
M
ay-15
Jul-15
Sep-15
N
ov-15
1GBP/EUR=XXUSD
1INR=XXUSD
2. 02
Market in Minutes | Dubai Office Market
Source: Core Savills Research
GRAPH 3
Source: Core Savills Research
By year end 2015, Dubai’s office market supply
reached an estimated 8.4 million square metres, of
which approximately 2.4 million square metres (28%)
is located in the prime areas of DIFC, Downtown
Dubai, Sheikh Zayed Road (Trade Centre to First
Interchange), Dubai Internet City and Dubai Media
City, while the bulk of total supply (4.2 million square
metres – 51%) is in secondary office locations such
as Business Bay, Deira, Bur Dubai, Dubai Healthcare
City, Tecom C and Jumeirah Lake Towers.
Despite the global economic downturn, prime and
secondary stock growth was extremely rapid in the 5
years until 2011 but moderated to 7%, 3% and 5% in
2012, 2013 and 2014 respectively.
Prime and secondary supply growth fell further in
2015 to around 5% with notable additions in Deira,
DIFC and TECOM, although Business Bay saw the
bulk of secondary office space completions, with
approximately 318,000 square metres of new stock in
2015.
The development pipeline in Dubai indicates a further
7% prime and secondary sector supply growth in
2016, primarily in Business Bay.
The growth in supply is likely to be most significant in
Business Bay over the next few years as the area
seeks to establish itself as one of Dubai’s premier
business districts. Given the rapid growth in supply,
office sector sale prices in this area remain under
slight downward pressure, at least for the moment.
In more general terms, the context of a strengthening
dollar, growing supply and weakening oil economies
across the Middle East are causing some downward
pressure on Dubai office space at present and this
will likely continue in the short term although naturally
this creates a yield opportunity compared to compet-
ing ‘global cities’.
GRAPH 2
Dubai Office Supply by Location Type (2015) Prime and Secondary Office Supply – Dubai (2005 to 2019)
21%
28%
51%
SecondaryPrimeSecondary CBDPrime CBDTertiary
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016e 2017e 2018e 2019e
“The office sales market witnessed a drop in
prices across almost all locations with secondary
districts such as Business Bay, Tecom C and JLT
seeing a higher year on year decline.”
3. Tecom C
Tecom C
Downtown
Downtown
Business Bay
Business Bay
JLT
JLT
DIFC DIFC
0
500
1000
1500
2000
2500
3000
Q1, 2014 Q2, 2014 Q3, 2014 Q4, 2014 Q1, 2015 Q2, 2015 Q3, 2015 Q4, 2015
Market Performance
Key issues for large scale international tenants remain
property management and the ability to expand or
contract across multiple floors, requirements that are
difficult to satisfy in buildings sold on a strata title
basis. This issue is particularly problematic in areas
such as Business Bay and has resulted in a two tier
market, with buildings in multiple ownership
commanding lower rents and slower absorption rates
than single ownership buildings.
In areas of lower cost and older stock, such as Bur
Dubai, enquiries for space during 2015 were steady,
with rents remaining more of less around the AED
100-110 per sq. ft. per annum mark. Landlords were
flexible during negotiations but price-sensitive
prospective tenants appeared reluctant to move
when this represented just a marginal change in rental
costs. As a consequence, most tenant enquiries
resulted in no movement but, despite this, occupancy
levels in these traditional areas remain high due to the
captive nature of this micro market and limited
supply. Similarly, occupancies are especially high in
Deira, which has seen marginal increases in rental
values since demand is high for the few available
units.
At Dubai Healthcare City (DHCC), average rents have
remained more or less stable at around AED 120-125
per sq. ft. In TECOM C, rents remained steady
through 2015 with marginal increases noted close to
the metro station.
Rental rate movements in prime locations were varied
in 2015, despite landlord flexibility, with rents declin-
ing in Sheikh Zayed Road due to the increase in
supply. In Downtown, rental rates remained broadly
static with Emaar-owned properties in particular
continuing to command strong levels of demand and
rates.
The strongest performing prime location was DIFC
where rental rents rose by around 7%. Emirates
REIT, which owns 18 out of the 25 floors in Index
core-me.com 03
Q1 2016
Tower is successfully leasing smaller
units at premium rates while landlords
in strata-owned properties in DIFC are
achieving rapid absorption rates and
rental rate premiums by offering fit-outs
and other incentives. While demand for
office space is expected to continue to
be strong in DIFC through 2016, some
downward pressure is expected in
future due to competition from the
Trade Center Free Zone.
The office sales market witnessed a drop
in prices across all locations with
secondary districts such as Business
Bay, Tecom C and JLT seeing a higher
year on year decline at 9%, 13% and
17% respectively. The fact that Down-
town (4% decline yoy) and DIFC (3%
decline yoy) are outperforming the
secondary locations indicates that
strong investor demand exists for
quality Grade A commercial products
that are well managed, with sufficient
parking and lifts, large floor plates and
high profile tenants.
Source: Core Savills Research
GRAPH 5
Dubai Prime and Secondary Office Rents (Q4 2014 vs Q4 2015)
Q4, 2014 Q4, 2015Q4, 2014 Q4, 2015
SecondaryPrime
AEDperSqFt
0
250
200
150
100
50
Downtown SZR DIFC DIC JTecom C LT Business Bay Bur Dubai Deira DHCC
Source: Core Savills Research
GRAPH 6
Rental Growth - Q4 2015 vs Q4 2014
GRAPH 7
-6% -4% -2% 0% 2% 4% 6% 8%
Downtown
DIFC
SZR
DIC
Tecom C
JLT
Bur Dubai
Deira
DHCC
Business Bay
The secondary locations saw marginally
higher rents even though sale prices
continue to decline indicating a rising
yield and declining investor interest in
favour of more established locations.
However, in these secondary locations,
investors may find long term investment
opportunity in fundamentally superior
properties such as Almas Tower in JLT.
Given regional uncertainty arising from
hydrocarbon price movements,
landlords will need to be particularly
flexible in 2016, increasingly offering
fit-outs, rent-free periods and other
incentives to protect both rate and
occupancy levels. With Expo 2020-re-
lated businesses increasingly seeking
office space and supply growth in Dubai
moderating, it is likely that the market’s
internal dynamics will drive stabilisation
through 2016 and a bounce in oil prices,
when it comes, will support further
growth thereafter.
Dubai Office Average Transaction Prices (2014-2015)
Source: Core Savills Research
Tecom C Downtown Business Bay DIFCJLTSecondaryPrime
2%
7%
1%
4%
-4%
-4%
3%
7%
-1%
-0%