Abu Dhabi, UAESunday 25 October 2020

Prayer Times
Weather
Clouds gather above skyscrapers on the skyline in the City of London. The City of London Corporation unveiled a five-year mission to reinvent the capital by 2025 with new start-up hubs, affordable work spaces, digital funds and stock exchange reforms. Bloomberg

Tough challenges facing the City of London's five-year rebrand plan

Economy

Dubai's Damac Properties eyes distressed real estate in prime European cities

Property

Homefront: ‘My landlord refuses to pay for upkeep of the building’

Money

Singapore’s new city will help reduce carbon footprint

Energy

Europe's ski boltholes immune to Covid pandemic as prices in luxury resorts rise

Property
Courtesy LuxuryProperty.com

Property of the week: This Dh22.5m Dubai villa has a Bali-inspired garden
The Downtown Dubai area. Significant shifts in rental rates are yet to be confirmed as the effects of the pandemic are not fully realised.Reuters

Dubai and Abu Dhabi rents: are there bargain deals amid the pandemic?
Dubai rents

Where Dubai property rents have risen and fallen, Q1 2020
The views are stupendous. Courtesy LuxuryProperty.com

'The White House' of Palm Jumeirah: Inside a Dh65 million Dubai villa
Rents continued on a downward trajectory for apartments, villas and townhouses in Abu Dhabi. Ravindranath K / The National

Where Abu Dhabi property rents have risen and fallen, Q1 2020
LuxuryProperty.com

Burj Khalifa: to live inside or view Dubai's giant from the outside
A total of 31,000 residential units were handed over in Dubai in 2019, according to Asteco. Sarah Dea / The National

How Dubai property rental rates have changed over the past decade
Al Bandar at Al Raha Beach in Abu Dhabi. Ravindranath.K / The National

How Abu Dhabi property rental rates have changed over the past decade
A workman lays bricks on a residential construction site in Towcester, UK. The average house price in August was £239,000, £6,000 higher than the same month last year. Chris Ratcliffe/Bloomberg

UK house prices jump 2.5% in August as Rishi Sunak's tax holiday takes hold

Property
Residential property prices in The Netherlands are expected to rise 6.1 per cent in 2020. The National 

Covid fails to derail house price rises across Europe

Property
A property owned and managed by Brookfield Asset Management. The company owns and operates 22 million square feet of office properties in India. Getty Images

Canada's Brookfield buys commercial properties worth $2bn in India

Business
A view of Guoco Tower (right) which houses the Dysons' luxury penthouse at Wallich Residence in Singapore. The most expensive penthouse in Singapore is a three-floor residence with a rooftop terrace, private pool and jacuzzi. AFP

Billionaire James Dyson sells Singapore penthouse for $46m – 16% less than he paid last year

Property
Half of the most expensive properties sold so far this year were in Dubai Hills and District One, according to brokerage Luxhabitat Sotheby's International Realty. Victor Besa / The National

Dh75m Dubai Hills villa the emirate's most expensive property deal

Property
The Almas tower, right, stands above other skyscrapers at the Jumeirah Lake Towers development in Dubai, United Arab Emirates, on Sunday, Dec. 11, 2011. Dubai and its state-owned non-financial companies have $101.5 billion of outstanding debt and may need further financial support to meet those obligations, Moody's said. Photographer: Gabriela Maj/Bloomberg

UAE property market gets more tenant-friendly as rents soften in Q3

Property
It is quite normal for landlords and sellers to use a power of attorney when dealing with sales and rentals of their properties in the UAE as often the owners of these properties reside abroad. Getty Images

Homefront: Can I address my rent cheques to the landlord’s power of attorney?’

Money
Dubai developer Union Properties swung to a profit in the third quarter. Pawan Singh / The National

Union Properties swings to third-quarter profit on investment gains

Business
Sabarrish Srinivasan and his wife, Kinnari Thakkar, purchased a two-bedroom apartment worth Dh1.4 million in Dubai Marina in 2017 after saving for the down payment for four years. Photo: Reem Mohammed / The National

Eight ways to save for your first home down payment

Money
Investcorp completed the sale of its portfolio of seven industrial real estate assets in the UK to Mileway for £53.5 million. Courtesy Investcorp

Investcorp sells UK industrial properties for £53.5m

Business
Dubai investment bank Shuaa Capital has raised more than $140m in the last three months from investors. Pawan Singh / The National

Shuaa launches $200m credit fund for GCC corporates and developers

Economy
The investor was initially promised handover of his property in April 2016, but it was extensively delayed and finally handed over only in March 2020. Photo: Antonie Robertson / The National

Homefront: ‘Can I cancel a property contract because of a delayed project handover?

Money
Read More