AGP Executive Report
Last update: 10 hours agoUAE Property: CBRE says the market remains resilient, with Dubai and Abu Dhabi office occupancy near 95% and 96%; rents rose 12% and 20% year over year. Emaar also plans a $3.4 billion offer to buy out its construction arm. Distressed Assets: Toronto’s property correction could last into 2027 or 2028 as unsold projects weigh on prices. In Kenya, debt-hit developer Grit plans to sell assets worth about Sh20 billion, including a Nairobi estate and Naivasha mall. Housing and Displacement: Amnesty International says Lagos demolitions have displaced more than 50,000 people and left at least 42 dead, urging the state to halt evictions. New Homes: A £60 million plan for more than 260 homes at a former British army base in south Armagh has been approved, including 56 social homes, despite local opposition. UK Outlook: Britain’s housing recovery is expected to be delayed until 2028, while the latest Budget raises tax rates on savings and property income from 2027-28.
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