Rents on the Rise in New York City

Rents on the Rise in New York City

Key facts for November 2016: Manhattan’s median monthly rent grew 1.9 percent year-over-year to $3,245, led by 6.4 percent growth in Upper Manhattan. Upper Manhattan rentals also had the smallest share of inventory discounted (29.9 percent). Median resale price in Manhattan rose 0.5 percent year-over-year to $979,791, the slowest pace of price growth since January […]

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017

Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017 Cluttons forecast places Paris and Doha alongside UK capital, Toronto the 3rd choice Dubai’s real estate market is set to overtake the international destinations of London, New York and Singapore as the top choice for GCC wealthiest investors next year, a new report reveals. […]

Qatar Sovereign Wealth Fund Invests in Empire State Building

Qatar Sovereign Wealth Fund Invests in Empire State Building

Qatar’s sovereign wealth fund has bought an almost 10% stake in the company that owns New York’s iconic Empire State Building, the official QNA news agency reported Wednesday. “Qatar Investment Authority (QIA) has acquired $622-M in shares in the Empire State Realty Trust,” the news agency said. The investment equates to a 9.9% stake in the […]