The real estate market of the UAE has successfully managed to carry its confident performance into H1 of 2014.
International real estate consulting firm Cluttons reports there is an increased demand in both the residential sales and lettings markets across Muscat that is being underpinned by an increased level of job creation.
International real estate consulting firm Knight Frank is now reporting that their Global House Price Index has risen for eight consecutive quarters.
Real estate in the United Arab Emirates (UAE) is becoming more expensive in 2014
Medinet Nasr for Housing and Development SAE announced its net profit skyrocketed 102.6 percent in 2013.
Dubai luxury property developer Damac announced a 202 percent increase in profit for 2013.
Home prices in Israel are about 25 percent higher than their historical averages.
Emaar Properties received an investment grade rating for the first time in four years, seen as the latest sign of the Dubai property market recovery.
Dubai-based real estate developer Union Properties reported its net profit increased more than eightfold in 2013. The company's net profit jumped to Dhs1.58 billion ($430.2 million) last year from Dhs175.8 million in 2012, Reuters reports.
Luxury home prices in Dubai increased by the slowest pace in more than a year in the last quarter of 2013, amid a "flurry" of cooling measures introduced in the final months of 2013, according to a new report.
According to the "Facts about Omani households" report released recently by the National Centre for Statistics & Information, the average monthly Omani household income has risen from $1,660 in 2000 to $3,050 in 2011.
Dubai home values increased more than 30 percent last year, stirring concerns of a bubble burst repeat. Taking a proactive stance, Dubai is planning to implement new rules to control speculation on properties sold before they are built.
Nakheel, one of Dubai's leading developers, will pay more than half of its bank debt of AED6.8 billion ($1.9 billion) one year before its first due date, according to a company announcement. The company plans to pay AED 2.35 billion during the first quarter of 2014.
Lake Nona Golf & Country Club is a 600-acre private residential golf club community set amidst pristine freshwater lakes and a canopy of tall oaks, pines and native cypress trees.
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