saudi kuwait property markets \best for investors\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Saudi, Kuwait property markets 'best for investors'

Arab Today, arab today

Arab Today, arab today Saudi, Kuwait property markets 'best for investors'

Kuwait City - Arabstoday

Residential real estate markets in Kuwait and Saudi Arabia are most attractive for investors while Dubai is showing signs of stabilising, investment bank Global Investment House said in a new report.Global's GCC real estate study said it still saw downward pressure on prices and rents in Abu Dhabi while commercial property was still suffering from oversupply across the Gulf region.The report said Dubai apartment rents decreased two percent in the second quarter of the year, following a similar fall in Q1. It added that villa rents maintained their Q1 levels without any significant declines. Selling prices dropped by three percent for Dubai apartments led by Downtown Dubai, which dropped eight percent compared to Q1 and DIFC (down seven percent) on new supply, Global said."In Abu Dhabi, rents of both apartments and villas declined at a fast pace, negatively affected by new deliveries during the quarter," it added.Apartment rents dropped another eight percent in the UAE capital in Q2, while villa rents dropped modestly on selective demand for ready to move in properties.Saudi Arabia's residential segment remained the most lucrative exposure, Global said, as demand significantly outpaced supply on growing population, business activity and an inherent shortage of residential units.According to the Saudi Arabian Monetary Agency’s Q2 inflation report, the index for housing rents and related items surged by 7.2 percent year-on-year after an 8.2 percent increase in Q1. Global said rents in Bahrain remained under pressure in Q2 but demand for affordable housing was still intact.Oversupply of office and retail space continues to exert a downward pressure on rental and selling rates, it said. The report said Kuwait's private housing segment remained active in Q2 amounting for 55 percent of total transactions value although the commercial segment continued to suffer from oversupply with vacancy rates still averaging around 20-25 percent.Oman residential rents continued to decline in Q2 with industry sources putting the year to date average rental decline at 15 percent, Global said.In Qatar, Global said the residential market continued to show signs of stabilisation in Q2 after a mixed performance in the previous quarter. From / Arabian Business News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi kuwait property markets \best for investors\ saudi kuwait property markets \best for investors\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi kuwait property markets \best for investors\ saudi kuwait property markets \best for investors\

 



GMT 11:36 2016 Wednesday ,28 December

UAE Banks Needs Unified Approach To Common Problems

GMT 09:00 2017 Wednesday ,12 April

Colombia forces struggle to root out coca

GMT 21:42 2017 Monday ,06 February

Syria anti-Daesh forces say US sent them armored cars

GMT 18:35 2017 Saturday ,11 November

750,000 march for separatists' release in Barcelona

GMT 21:18 2016 Thursday ,22 September

Nawaz, Rouhani discuss bilateral ties, regional situation

GMT 18:31 2017 Friday ,01 September

Vietnam state oil magnate arrested in major fraud case

GMT 14:18 2017 Thursday ,09 March

CITC governor visits STC booth in Spain exhibition

GMT 04:30 2017 Friday ,10 November

Uber IPO 'target' is 2019

GMT 19:40 2017 Tuesday ,29 August

Mona used stones to decorate ornaments

GMT 13:02 2017 Wednesday ,08 March

Crash test dummies sacrifice lives for car safety

GMT 08:41 2017 Tuesday ,28 November

Beautiful Plants for Amazing Indoor Decoration

GMT 05:01 2018 Monday ,24 September

Bahrain weather forecast
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday