Rents under pressure in UAE northern emirates says report

The Sharjah waterfront. Property sales and rents in the UAE’s northern emirates have come under pressure. (Reuters)
Updated 18 January 2018
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Rents under pressure in UAE northern emirates says report

LONDON: Residential property sales and rents in the UAE’s northern emirates slowed in 2017, according to a report by bayut.com, the Dubai-based property portal.

The findings were based on prices advertised by real estate agencies on behalf of their clients on bayut.com, and not representative of actual real estate transactions conducted.

The report said studios in Naemiyah in Ajman were the most popular area for renting flats, but average annual rents of 20,000 dirhams ($5,444) were down 13 percent on 2016.

In the same area, annual average rents for one bedroom apartments at 27,000 dirhams represented a decline of 3.5 percent, while two bed apartments at 35,000 dirhams were down 12 percent.

Emirates City in Ajman was the top choice for homebuyers, with studios, one and two bedroom apartments going for 202,000 dirhams, 269,000 dirhams and 357,000 dirhams, respectively — down from 2016.

The next most popular area was Al-Sawan, also in Ajman. Studios here underwent the most significant increase of just under 3 percent, for an average asking price of 309,000 dirhams. However, one and two-bedroom properties declined in price by 2 percent to 410,000 dirhams and 577,000 dirhams.


Mo-Salah to raise DHL flag in the MENA region for developmental and charitable causes

Updated 24 May 2018
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Mo-Salah to raise DHL flag in the MENA region for developmental and charitable causes

LONDON: DHL Express, the world’s leading express logistics provider, has signed a strategic partnership with Egyptian football superstar Mohamed Salah to become brand ambassador for the Middle East and North Africa (MENA) region for the next two years.
The new collaboration will see the parties working together on a series of marketing activities and corporate social responsibility (CSR) initiatives that reinforce the synergies between the core values of DHL Express as a business and Mohamed Salah as a sportsman and youth-inspirer.
The announcement made late on Wednesday in northern England comes just weeks ahead of Salah’s campaign to lead the Egyptian national team at the World Cup in Russia.
DHL’s CEO in the Middle East and North Africa, Nour Suliman, told Arab News that he was very proud of collaborating with Salah.
“Our partnership with Mo Salah is unique as it is the first contract with an individual player, but also it is a testament to the synergy of core values DHL Express and Mo Salah share — leadership, commitment, teamwork, precision, agility, determination,” he said.
When asked by Arab News about the meaning of this partnership, Salah said: “I am very proud to be the first player to partner with DHL, and I am happy to collaborate with an international brand.”
DHL did not disclose the funds earmarked for its CSR initiatives to be spent in the MENA region, and its region’s CEO said the initialtives to be developed are still a work in progress.
However, DHL said it has already significantly contributed to the development of the countries they operate in within the MENA region.
The company’s work includes supporting charities, working to help orphans, youth development, care and education among other causes.