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ASSET MANAGEMENT SALES LEASING

VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION

RESEARCH DEPARTMENT

NEWS BRIEF 35 SUNDAY 28 AUGUST 2016

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ASSET MANAGEMENT SALES LEASING

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REAL ESTATE NEWS UAE

GULF INVESTORS MAINTAIN INTEREST IN TURKISH PROPERTY DESPITE TURMOIL

UAE CLADDING FIRMS INVEST IN UPGRADES TO PRODUCE MORE FIRE-RESISTANT

PANELS

THE FIVE IMPORTANT THINGS IN BUSINESS RIGHT NOW

DUBAI

SME PROFILE: BUILDING ENGINEERS FIND THEIR NICHE IN DUBAI

MURRAY & ROBERTS GROUP TO CLOSE ITS CONSTRUCTION FIRM

REGIONS WEALTHY TO CONTINUE DIVERSIFICATION INTO OVERSEAS PROPERTY

HLG CHIEF RELEASED FROM CUSTODY AS HABTOOR EXITS JOINT VENTURE

DUBAIS DRAKE & SCULL SAYS IT HAS NOT HIRED ADVISER TO SEEK INVESTMENT

ORASCOM SECOND-QUARTER PROFIT SLIDES

SCAM ALERT: UAE WARNS RESIDENTS AGAINST FRAUD PROPERTY ADS

DUBAI MUNICIPALITY SUPERVISES 25,000 BUILDINGS UNDER CONSTRUCTION

REVEALED: TOP 5 LOCALITIES TO RENT AND BUY A HOUSE IN DUBAI

HABTOOR LEIGHTON GROUP CHIEF EXECUTIVE ARRESTED IN DUBAI

WOULD YOU PAY DH107 MILLION FOR THIS MINIMALIST PROPERTY

MASTERPIECE? IN PICTURES

NEW MALL AT WORLD TRADE CENTER OPENS FOR MANHATTAN SHOPPERS

DUBAI WATER CANAL, JEWEL OF THE CREEK AND OTHER INFRASTRUCTURE

PROJECTS A BOON FOR CONTRACTORS

IMMINENT RISE IN DUBAI HOUSE PRICES AS CONDITIONS IMPROVE, NEW REPORT

SAYS

DUBAI DEVELOPER NAKHEEL BRINGS AN END TO DEBT RESTRUCTURING SAGA

WITH DH4.4BN PAYMENT

HANDOVER OF DUBAI PROJECTS DELAYED AS AUTHORITIES GET TOUGH ON FIRE

SAFETY

FIRST LOOK INSIDE DUBAI OPERA AHEAD OF GRAND OPENING

DUBAIS DAMAC AWARDS DH967M CONTRACT TO BUILD AYKON LONDON ONE

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REAL ESTATE NEWS TOWER

BROOKFIELD AND DIFC AGREE ON ARBITRATION OVER ALLEGED GATE BUILDING

DEFECTS

DRAKE & SCULL INTERNATIONAL SHARES FALL SHARPLY IN DUBAI AS IT REVIEWS

BUSINESS ACTIVITIES

ABU DHABI

DH2.9 BILLION GRANT TO KICK-START BUILDING OF BAHRAINS NORTH CITY

LOW OIL PRICES CONTINUE TO BITE INTO ABU DHABI HOUSING RENTS

GCC/INTERNATIONAL

LONDONS BBC TELEVISION CENTRE TO BE PITCHED TO DUBAI PROPERTY BUYERS

QATAR INVESTMENT AUTHORITY BUYS 9.9 PER CENT STAKE IN EMPIRE

STATE BUILDING OWNER

TIMING IS CRUCIAL WHEN IT COMES TO LONDON PROPERTY

CHINAS INVESTMENT IN $10.7BN CITY IN OMAN TO PROVIDE BUILDING BOOST

BRITAINS MEDAL HAUL AT THE RIO GAMES ECLIPSES BREXIT AND HOUSE

PRICE WOES

NEW YORK TOPPLES LONDON FROM PROPERTY PINNACLE AS BREXIT DETERS

FOREIGN INVESTORS

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SCAM ALERT: UAE WARNS RESIDENTS

AGAINST FRAUD PROPERTY ADS

Saturday, 27 August, 2016

The UAE Ministry of Interior has alerted residents and citizens of scam operations through fake companies

promoting the sale of real estate abroad through advertisements in the media, according to a report in Arabic

daily Emarat Al Youm.

The Ministry called on people to exercise caution when making an investment in order to not become a victim of

any scam.

The case emerged when residents and citizens told Emarat Al Youm of the proliferation of advertisements in local

online journals promoted the sale of real estate and land in some Arab and European countries.

They questioned the validity and legality of dealing with these companies. They confirmed that when they

communicate with the advertisers asking them to preview the property, they insisted to preview it via the photo

without a preview on the ground.

They emphasised that this raises their suspicion and doubts about the authenticity of such deals and companies.

Lt. Colonel Hammoud Al Affari, Deputy Director of the Law Respect Culture Bureau at MOI, told Emarat Al Youm

that some such individuals have exploited the media through fake advertisements aimed at getting money to

provide services.

He added that some of these ads might be a trap to defraud people and rob their money or make fake deals.

He pointed out that those swindlers adopting very professional manners to trap their victims do not disclose all

relevant information on real estate sales, the right location, or a statement, or being free of obligations, or

exaggerate the real price of the said property.

Al Affari appealed individuals to exercise caution where some of those swindlers resort to using psychological

methods to influence on people and they play on their desire for quick profit.

Al Affari stressed that people must make sure that the company that publishes such ads is registered in the UAE

as per the applicable laws.

Source: Emirates 24/7

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DUBAI MUNICIPALITY SUPERVISES 25,000

BUILDINGS UNDER CONSTRUCTION

Thursday, 25 August, 2016

The Buildings Department of Dubai Municipality is undertaking engineering supervision of 25,124 buildings under

construction in various areas of the Emirate of Dubai.

The engineering supervision process includes inspection and control of all construction works.

Building permits were issued for various kinds of multi-storied buildings, general and industrial buildings, private

villas and investment villas as well as additions, amendments and decoration works.

Khalid Mohammed Saleh, Director of Buildings Department at Dubai Municipality said that the municipality

receives requests for technical audit of all these projects under implementation as per stages of work.

"During the first half of the year, the municipality received 25,419 requests for structural audit, which is a 20

percent increase from the number of last year's requests for the same period," he said.

"We also received more than 3,000 requests for scrutiny for issuing completion certificates and the first half of the

year saw issuance of certificates to 5,837 buildings, whereas the number was 2,906 during the same period last

year," said Saleh.

He pointed out that the increase in the number of requests for technical audit reflects a positive movement in the

labour market especially in the construction sector.

Abdullah Shezawi, Head of Engineering Supervision section at the Building Department said that the section

undertakes regular engineering inspection at all sites under construction by stages of work and also based on the

importance and type of technical and construction risks associated with the work stage.

"The electronic system of the Engineering Supervision section fixes the visit dates specified for each site based on

the risk study carried out by the section and also by checking with the global best practices in the field," he said.

Source: Emirates 24/7

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REVEALED: TOP 5 LOCALITIES TO RENT AND

BUY A HOUSE IN DUBAI

Thursday, 25 August, 2016

With the year moving beyond the first half, Dubai Land Department (DLD) data shows healthy transactional

activity in Dubai.

Investment in Dubais real estate sector in the first half of the year crossed Dh57 billion, and there has been

encouraging news coming out of Sharjahs realty market too, with the city pulling in investment worth Dh12.1bn

in the first six months of the year.

The real estate market in Abu Dhabi, as always, continues to lure investors with high rental returns on investment

and a great promise of capital value appreciation.

Dynamic Dubai

In July 2016, Dubais real estate market remained strong with rental yields going as high as 6.5 per cent in select

apartment categories. Overall, however, apartment rents became more affordable with a total downward

adjustment in July of 2 per cent year-on-year.

Average yield across all bed categories was recorded at 5.6 per cent.

As per Bayuts findings, the average rent for studio apartments in Dubai remained stable at Dh57,000 compared

to the average studio rents in the first half of 2016.

However, the average was dow