South Africa’s largest primary JSE-listed real estate investment trust (REIT), Growthpoint Properties, has added its substantial portfolio of retail properties to the Clur Collective asset management support platform and integral shopping centre index. By sharing its significant data set, Growthpoint is supporting the retail property sector to create better shopping centre experiences for consumers and retailers alike, while simultaneously enhancing its own innovative and sustainable property solutions.   “Growthpoint’s inclusion is a milestone for our index and further enhances its standing as a leading independent industry standard and economic indicator,” says Belinda Clur, founder and managing director of Clur International. “It serves as a measure…

“The impact of the buy-to-let frenzy is especially evident in the Western Cape where rental vacancies recently reached a record low of 3.18%,” shares Grant Smee, managing director of Only Realty Holdings. “The same report cites that investment properties contributed a whopping 31.1% of all applications processed in the region.” However, while demand has skyrocketed, Smee shares that not all investment properties will deliver “astonishing rental returns”. “Property investment can be a successful wealth-creation strategy, but it can also be a costly and time-consuming mistake if you rush into it and don’t do your homework.” The rules of property investment Some of the guidelines for property management: - Determine your…

LONDON- Aviva, Legal & General and M&G are ramping up investments in rental homes in Britain, betting on long-term returns in a market where housing demand far outstrips supply, even though the country's new Labour government could impose tougher regulations. Institutional investment in Britain's rented housing sector is playing catch up, as it accounts for just 2% of the total rented stock, as opposed to more than 35% in Germany and the U.S., according to Savills. The rented sector - which includes student housing and retirement homes - has fared better than the wider commercial property market, which is facing tough conditions after a period of soaring borrowing costs and changing working patterns. "Investors are really keen on all these living sectors, it's a bit like the…

Cape Town's Northern Suburbs has been experiencing a significant squeeze in the rental market as demand for rental properties in areas like Durbanville, Bellville, and Brackenfell has skyrocketed in recent years, leading to a notable shortage of available stock and rising rental prices.According to Rowan Alexander, managing director of the Alexander Swart Property group, the shortage of available rental stock has led to a very competitive market where properties in good condition and realistically priced are often snapped up within days of being listed – if not sooner. “Agents are reporting multiple applications for each property, often on the day of listing, with potential tenants even offering above the asking rental price to secure a desirable…

Dar Global, the Dubai-based luxury property developer listed on the London Stock Exchange, has partnered with The Trump Organization to bring the Trump Tower to Jeddah skyline.   This project marks the second Trump collaboration following last week’s announcement of the Trump International Oman project within the AIDA development, a $500 million mixed-use real estate project. The Saudi project also marks the debut of the company in Jeddah, which has largely operated internationally as the global arm of Saudi Arabia’s biggest developer Dar Al Arkan. According to Dar Global, the Trump development aims to target the luxury Saudi market and international investors. Following its listing on the London Stock Exchange (LSE) last February, Dar Global currently has a portfolio…

Adrak Developers has announced a significant partnership with the Ministry of Housing & Urban Planning for the development of Neighborhood 12 D (NH 12 D), featuring over 300 high-end residential units spread across a land area of 56,166 sq m within Sultan Haitham City in Oman.   A mega development, Sultan Haitham City will come up on a 15-million-sq-m area, featuring 20,000 residential units along with key modern lifestyle amenities as well as ample green space.   The model of Sultan Haitham City features sustainable lifestyles embracing an architectural vision to accommodate all segments of society, giving them access to all social and recreational facilities and earning them a feeling of belonging.   The city will focus on 12 global standards on quality of life…

Global hospitality major Hilton has partnered with UAE lifestyle developer Al Hamra for the launch of its key project - Waldorf Astoria Residences Ras Al Khaimah - in the northern emirate. It is set to open in 2026. This landmark development marks the debut of the first Waldorf Astoria Residences as part of a managed resort in the UAE, setting a new benchmark for luxury living in the Northern Emirates, said a statement from Al Hamra. Located within the award-winning Waldorf Astoria Ras Al Khaimah resort, the branded residences will feature 43 exclusive luxury homes. The RAK developer said the project will redefine prestigious living, with thoughtfully curated furnishings, various private amenities, and signature residence owner benefits. The development’s palatial interiors are…

The real estate sector in Oman is experiencing steady growth, with trading volume in 2023 increasing 6%. This growth is expected to continue in the coming years owing to recent announcements of large projects, particularly Sultan Haitham City. The sector is expected to attract about 70% of the total foreign direct investment (FDI) in Oman in the coming years.   Data from the National Centre for Statistics and Information shows the total value of real estate trading in Oman was close to RO587.5mn in the first quarter of 2024.   Investments from Kuwait were the highest in 2023 amounting to RO26.7mn across 319 real estate deals. India followed with RO12.2mn in 70 transactions and United Arab Emirates investments worth RO5.3mn across 319 transactions.   Younis bin Khasib…

Abu Dhabi's property market recorded resilient growth in the first quarter as the UAE's capital city continues to attract global investors amid a surge in sales prices, particularly in upscale neighbourhoods.   Data from Bayut, a leading property portal in the UAE, shows that sales prices for luxury apartments and villas in popular neighbourhoods have increased by up to six per cent in the first quarter of 2024. Saadiyat Island has seen moderate price hikes, with luxury apartments experiencing a 3.64 per cent surge and premium villas witnessing a 5.53 per cent appreciation.   “The data analysis for the first quarter indicates a steady growth trajectory in Abu Dhabi's real estate market. The rise in property prices, transaction volume and total transaction value…

Dubai had the largest luxury home price growth of 30 cities in 2023 with a 17.4% surge The emirate constituted more than 25% of global super-prime sales last year Dubai, UAE: Teraciel Properties, a super-prime boutique real estate developer that serves discerning clientele who have the highest quality taste, cites that Dubai had the largest luxury-home price growth among 30 global cities in 2023 with values surging 17.4%[1]; with a total of 411 super-prime residential sales (properties valued at $10 million and above), up from 370 in 2022, the emirate constituted for more than 25% of these transactions[2]. Teraciel Properties sheds light on what has made the cosmopolitan city an international leader in this segment, highlighting stability and sustainability among the key…

where every sunrise not only illuminates the sky but also promises a new opportunity in one of Dubai’s most coveted destinations, Dubai Creek Harbour real estate. Here, modern elegance and natural splendor are intricately woven into the fabric of daily life, offering a lifestyle that’s both luxurious and environmentally conscious.   Harmonizing Urban Elegance Valo stands as a beacon of contemporary sophistication, seamlessly blending luxury with a unique urban charm. This architectural marvel emphasizes sustainability alongside sleek, modern aesthetics, reflecting Emaar's commitment to excellence and innovation. Each detail at Valo is meticulously crafted, from energy-efficient designs to elegantly appointed interiors, ensuring a lifestyle that is as responsible as it…

The Discovery Gardens area topped the areas with the highest return on real estate investment in apartments, followed by the Dubai Investment Park area, then Liwan, Remraam, and Al Barari. According to a recent report by the Bayut real estate website, the Discovery Gardens area provides residential properties with floor areas starting from “studio” to three-bedroom apartments, while the average selling price of an apartment in the area is about 457 thousand dirhams, and it offers promising investment returns. Its percentage reaches 10.02%. There are also rental options available with an average rental value of about 43 thousand dirhams annually. This area is located in a distinctive strategic location in the heart of the Emirate of Dubai, within the Jebel Ali area, Sheikh…