MC Companies wants to clear the air once and for all about their smoking policy – No Smoking! As multifamily owners, investors, and managers for over 34 years, MC Companies is no stranger to the negative impacts smoking has on apartment communities and their residents – no more. MC is known for providing excellent service and […]
US housing starts spiked 18.6% in January, as builders ramped up construction of single-family houses to the fastest pace in 8 months. The Commerce Department said Friday that January ground breakings occurred at a seasonally adjusted annual rate of 1.23-M. Home construction rebounded sharply from December, when the annual rate was just 1.04-M. The lion’s share of […]
Rents Decline for Every Apartment Size in Manhattan Rents fell last month for Manhattan apartments of all sizes, the 1st across-the-board price decline in at least 4 years, as a construction boom brought more buildings to market and allowed some tenants to leave for bigger or newer units. For studios, which held their own last year […]
Abu Dhabi Rents to Dip in 2017 on New Supply Thousands of new apartments and potentially decreased housing allowances are expected to weigh on the market Average apartment and villa rents in Abu Dhabi are expected to weaken further this year after declining in Y 2016 due to new supply and uncertainty related to state […]
September Housing Performance Weaker Than Expected Homebuilders pulled back on construction for a 2nd month running in September, with a dive in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the nation except the Midwest. Construction dove 9% in September to a seasonally adjusted annual rate of 1.05-M units, […]
Dubai Rents Fall 6%, Brexit Hits Investor Confidence Regional security and political issues such as Europe usher in wave of uncertainty The price of apartment rents in Dubai fell by 6% in 1-H of Y 2016 as global and political issues hit investor and buyer confidence, a report by real estate website Bayut.com has found. Dubai’s […]
Dubai Real Estate: Residential Property Prices Drop 1.1% in Q-2 ValuStrat said there were signs of an early recovery in some areas Residential property prices in the Dubai real estate market showed a 1.1% annual decline in Q-2 of Y 2016, according to ValuStrat’s Price Index. The firm said its data indicated an early recovery […]
Dubai Property Plateau Suggests End to Down Cycle The monthly ValuStrat Price Index indicates the ‘bottoming-out’ of Dubai residential real estate prices Dubai residential real estate prices may have bottomed out after plateauing in May 2016, according to the property consultancy firm ValuStrat.The company said prices stabilised in April and May after almost 2 years […]
Dubai Buildings to be Given Star Ratings The new Star system being developed by the Emirate’s land department aims to simplify rental and service charge calculations Properties in Dubai will be subject to a new Star rating system under plans announced by the Emirate’s land department, a DLD statement confirming the move. It said Dubai’s buildings […]