Find out how rental prices in Dubai have changed in the first quarter of 2017 and the average annual rates you will pay, according to data provided by Asteco.
DIFC high-end apartments
Studio – from Dh65,000 to Dh85,000
1BR – from Dh80,000 to Dh140,000
2BR – from Dh115,000 to Dh180,000
3BR – from Dh150,000 to Dh250,000
Average change
Q4 2016/Q1 2017: no change
Q1 2016/Q1 2017: down 9 per cent
Downtown Dubai high-end apartments
Sudio – from Dh60,000 to Dh90,000
1BR – from Dh80,000 to Dh130,000
2BR – from Dh110,000 to Dh180,000
3BR – from Dh170,000 to Dh300,000
Average change
Q4 2016/Q1 2017: down 6 per cent
Q1 2016/Q1 2017: down 10 per cent
Dubai Marina high-end apartments
Studio – from Dh45,000 to Dh85,000
1BR – from Dh65,000 to Dh100,000
2BR – from Dh85,000 to Dh160,000
3BR – from Dh12,000 to Dh240,000
Average change
Q4 2016/Q1 2017: down 6 per cent
Q1 2016/Q1 2017: down 11 per cent
Jumeirah Beach Residence high-end apartments
Studio – from Dh75,000 to Dh90,000
1BR – from Dh85,000 to Dh125,000
2BR – from Dh115,000 to Dh150,000
3BR – from Dh140,000 to Dh220,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 4 per cent
Palm Jumeirah high-end apartments
Studio – from Dh70,000 to Dh90,000
1BR – from Dh80,000 to Dh160,000
2BR – from Dh130,000 to Dh200,000
3BR – from Dh140,000 to Dh300,000
Average change
Q4 2016/Q1 2017: down 7 per cent
Q1 2016/Q1 2017: down 14 per cent
Sheikh Zayed Road high-end apartments
Studio – from Dh70,000 to Dh80,000
1BR – from Dh75,000 to Dh115,000
2BR – from Dh110,000 to Dh160,000
3BR – from Dh140,000 to Dh200,000
Average change
Q4 2016/Q1 2017: no change
Q1 2016/Q1 2017: down 7 per cent
Business Bay mid-end apartments
Studio – from Dh55,000 to Dh85,000
1BR – from Dh65,000 to Dh100,000
2BR – from Dh90,000 to Dh145,000
3BR – from Dh145,000 to Dh180,000
Average change
Q4 2016/Q1 2017: down 3 per cent
Q1 2016/Q1 2017: down 12 per cent
Greens mid-end apartments
Studio – from Dh55,000 to Dh75,000
1BR – from Dh70,000 to Dh110,000
2BR – from Dh100,000 to Dh150,000
3BR – from Dh135,000 to Dh215,000
Average change
Q4 2016/Q1 2017: down 5 per cent
Q1 2016/Q1 2017: down 5 per cent
Jumeirah Lakes Towers mid-end apartments
Studio – from Dh45,000 to Dh75,000
1BR – from Dh60,000 to Dh90,000
2BR – from Dh80,000 to Dh150,000
3BR – from Dh120,000 to Dh180,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 4 per cent
Al Barsha affordable apartments
Studio – from Dh45,000 to Dh65,000
1BR – from Dh55,000 to Dh85,000
2BR – from Dh75,000 to Dh120,000
3BR – from Dh100,000 to Dh150,000
Average change
Q4 2016/Q1 2017: down 4 per cent
Q1 2016/Q1 2017: down 6 per cent
Bur Dubai affordable apartments
Studio – from Dh35,000 to Dh60,000
1BR – from Dh50,000 to Dh85,000
2BR – from Dh70,000 to Dh125,000
3BR – from Dh90,000 to Dh180,000
Average change
Q4 2016/Q1 2017: no change
Q1 2016/Q1 2017: down 8 per cent
Deira affordable apartments
Studio – from Dh25,000 to Dh55,000
1BR – from Dh40,000 to Dh80,000
2BR – from Dh50,000 to Dh120,000
3BR – from Dh80,000 to Dh150,000
Average change
Q4 2016/Q1 2017: down 1 per cent
Q1 2016/Q1 2017: down 4 per cent
Discovery Gardens affordable apartments
Studio – from Dh40,000 to Dh50,000
1BR – from Dh55,000 to Dh75,000
2BR – from Dh80,000 to Dh100,000
Average change
Q4 2016/Q1 2017: no change
Q1 2016/Q1 2017: up 3 per cent
Dubai Sports City affordable apartments
Studio – from Dh35,000 to Dh55,000
1BR – from Dh50,000 to Dh75,000
2BR – from Dh75,000 to Dh100,000
3BR – from Dh105,000 to Dh135,000
Average change
Q4 2016/Q1 2017: down 4 per cent
Q1 2016/Q1 2017: down 6 per cent
International City affordable apartments
Studio – from Dh20,000 to Dh40,000
1BR – from Dh35,000 to Dh55,000
2BR – from Dh55,000 to Dh70,000
3BR – from Dh85,000 to Dh105,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 10 per cent
Jumeirah Village affordable apartments
Studio – from Dh35,000 to Dh50,000
1BR – from Dh50,000 to Dh70,000
2BR – from Dh75,000 to Dh120,000
3BR – from Dh120,000 to Dh140,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 8 per cent
Al Barsha villas
3BR – from Dh120,000 to Dh200,000
4BR – from Dh160,000 to Dh250,000
5BR – from Dh180,000 to Dh320,000
Average change
Q4 2016/Q1 2017: down 3 per cent
Q1 2016/Q1 2017: down 12 per cent
Arabian Ranches villas
2BR – from Dh115,000 to Dh165,000
3BR – from Dh125,000 to Dh200,000
4BR – from Dh140,000 to Dh280,000
5BR – from Dh200,000 to Dh400,000
Average change
Q4 2016/Q1 2017: down 9 per cent
Q1 2016/Q1 2017: down 14 per cent
Dubai Sports City (Victory Heights) villas
3BR – from Dh150,000 to Dh180,000
4BR – from Dh160,000 to Dh200,000
5BR – from Dh180,000 to Dh320,000
Average change
Q4 2016/Q1 2017: down 7 per cent
Q1 2016/Q1 2017: down 9 per cent
Jumeirah villas
3BR – from Dh150,000 to Dh230,000
4BR – from Dh170,000 to Dh250,000
5BR – from Dh190,000 to Dh350,000
Average change
Q4 2016/Q1 2017: down 7 per cent
Q1 2016/Q1 2017: down 15 per cent
Jumeirah Park villas
3BR – from Dh170,000 to Dh220,000
4BR – from Dh185,000 to Dh285,000
5BR – from Dh240,000 to Dh320,000
Average change
Q4 2016/Q1 2017: down 3 per cent
Q1 2016/Q1 2017: down 4 per cent
Jumeirah Village villas
2BR – from Dh110,000 to Dh160,000
3BR – from Dh120,000 to Dh200,000
4BR – from Dh125,000 to Dh225,000
5BR – from Dh145,000 to Dh245,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 5 per cent
Meadows villas
3BR – from Dh180,000 to Dh240,000
4BR – from Dh195,000 to Dh285,000
5BR – from Dh210,000 to Dh310,000
Average change
Q4 2016/Q1 2017: down 2 per cent
Q1 2016/Q1 2017: down 6 per cent
Mirdif villas
2BR – from Dh75,000 to Dh110,000
3BR – from Dh90,000 to Dh140,000
4BR – from Dh100,000 to Dh160,000
5BR – from Dh125,000 to Dh180,000
Average change
Q4 2016/Q1 2017: down 7 per cent
Q1 2016/Q1 2017: down 13 per cent
Palm Jumeirah villas
3BR – from Dh275,000 to Dh350,000
4BR – from Dh325,000 to Dh500,000
5BR – from Dh360,000 to Dh1 million
Average change
Q4 2016/Q1 2017: down 3 per cent
Q1 2016/Q1 2017: down 11 per cent
Springs villas
2BR – from Dh100,000 to Dh140,000
3BR – from Dh130,000 to Dh200,000
Average change
Q4 2016/Q1 2017: down 9 per cent
Q1 2016/Q1 2017: down 13 per cent
The Lakes villas
3BR – from Dh170,000 to Dh250,000
4BR – from Dh230,000 to Dh350,000
5BR – from Dh300,000 to Dh350,000
Average change
Q4 2016/Q1 2017: down 1 per cent
Q1 2016/Q1 2017: no change
Umm Suqeim villas
3BR – from Dh125,000 to Dh220,000
4BR – from Dh180,000 to Dh300,000
5BR – from Dh200,000 to Dh330,000
Average change
Q4 2016/Q1 2017: down 3 per cent
Q1 2016/Q1 2017: down 9 per cent
Wonka
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Paul%20King%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ETimothee%20Chalamet%2C%20Olivia%20Colman%2C%20Hugh%20Grant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
The%20pillars%20of%20the%20Dubai%20Metaverse%20Strategy
%3Cp%3EEncourage%20innovation%20in%20the%20metaverse%20field%20and%20boost%20economic%20contribution%3C%2Fp%3E%0A%3Cp%3EDevelop%20outstanding%20talents%20through%20education%20and%20training%3C%2Fp%3E%0A%3Cp%3EDevelop%20applications%20and%20the%20way%20they%20are%20used%20in%20Dubai's%20government%20institutions%3C%2Fp%3E%0A%3Cp%3EAdopt%2C%20expand%20and%20promote%20secure%20platforms%20globally%3C%2Fp%3E%0A%3Cp%3EDevelop%20the%20infrastructure%20and%20regulations%3C%2Fp%3E%0A
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
%3Cp%3EMATA%0D%3Cbr%3EArtist%3A%20M.I.A%0D%3Cbr%3ELabel%3A%20Island%0D%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
