Latest Real Estate News in UAE

Abu Dhabi rents continue to rise

Jan 27 ,2015, city : Abu Dhabi

 Dubai: The cost of renting an apartment or villa in Abu Dhabi went up by three per cent in the last quarter, forcing residents to seek cheaper accommodations on the capital’s outskirts, a new report on Tuesday revealed.

According to the latest CBRE report, rents in Abu Dhabi continued to increase between Q3 and ... more

Dubai’s off-plan market in no mood to slack off

Jan 31 ,2015, city : Dubai

 Dubai: Dubai’s property developers have no intention to go slack on new launches … at least not yet for sure. In fact, all through the last 12 weeks — when overall transaction levels in the market had tailed off quite sharply — there was a steady trickle of new off-plan offerings.

Developers b... more

Dubai’s rental market could take a further 5% dip

Jan 31 ,2015, city : Dubai

 Dubai: For both tenants and prospective property buyers in Dubai, there could be good news ahead.

A new update by Knight Frank, the property consultancy, reckons that property values could decline by between 5-10 per cent, while rentals are in line for an up to 5 per cent dip across the board. Based on its data for th... more

50 Exquisite Gifts for this Valentine’s Day

Jan 31 ,2015, city : Dubai

Valentine Day is just around the corner and now is the perfect time to start planning what you want to buy for your loved one. Now, a dozen roses or a box of chocolates may be appreciated for a while, but if you really want your sweetheart to swoon, here are some low cost Valentine’s Day gifts for all the love... more

Valentine Crafts for Kids

Jan 31 ,2015, city : Dubai

Here you'll find lots of love-filled valentine crafts for kids to celebrate St Valentine's Day and a variety of creative and absorbing ways to have valentines day fun with family and friends.

This section is full of homemade valentine ideas including valentine day wreaths, easy valentine card ideas, i... more

The Best Gadgets You Can Buy This Holiday Season

Jan 30 ,2015, city : Dubai

It's time to get serious about holiday shopping.

Trying to decide on the perfect laptop, tablet, or tech accessory can be overwhelming.

Manufacturers release tons of gadgets all year, so sifting through all of your options to find the best fit can be overwhelming.

Our holiday gift guide is ... more

Bahrain to introduce new tenancy laws

Jan 30 ,2015, city : Dubai

Bahrain plans to introduce new mandatory tenancy registration procedures for the residential real estate market next month, according to Cluttons, which said the regulations should help to mature the sector.

While the exact process by which the registration of tenancy agreements will take place is yet to be revealed, Clutto... more

Dubai Jazz fest

Jan 30 ,2015, city : Dubai

CHRISTINA PERRI
Wed Feb 25, 8:30 - 10:00pm

Her debut single "Jar of Hearts" sold over 3 million copies in the US and was a hit around the world. In 2012, she wrote and recorded "A Thousand Years" for the film The Twilight Saga, selling over 4 million copies in the... more

Dubai Duty Free Tennis Championships

Jan 30 ,2015, city : Dubai

Over the past three decades, Dubai Duty Free has become a highly recognised global brand that has shown considerable sales growth, consistently setting new retail milestones, when it recorded sales figures of US$1.9 billion in 2014. The operation, which is the single largest airport retailer in the world in terms of turnover, is expected ... more

World Education Show 2015

Jan 30 ,2015, city : Dubai

WES 2015 is an Education Show taking a new approach in helping you tackle new challenges head on. We will bridge the gap between the students & Education Institutes. Students will have the opportunity to book appointments prior to visiting the show. This will enable YOU to be better prepared to answer the queries at the show.
<... more

Ladies Day Out

Jan 30 ,2015, city : Dubai

Ladies Day Out is the only event of its kind in the UAE and is set to attract over 10,000 women eager to shop until they drop. Whether it’s a visit to the local mall to check out the latest fashion and beauty trends, a drive to the hairdressers for a new style or a trip to the doctors to get advice on skin issues, visitors can do it... more

Big Pink Ball

Jan 30 ,2015, city : Dubai

Come and experience a party like no other!

Dubai’s Big Pink Ball will be held outside at Emirates Golf Club, Dubai.

About Emirates Golf Club, Dubai

Emirates Golf Club, host of the Omega Dubai Desert Classic and Omega Dubai Ladies Masters,... more

Redfest Dubai

Jan 30 ,2015, city : Dubai

The Middle East’s biggest music festival returns in 2015. Over two days, expect non stop hits with back to back full live festivals sets from Iggy Azelea, The Script, Kid Ink, Bastille and Kiesza amongst others, with many more artists still to be announced. Closing each evening the main stage will become a real party with DJ sets fr... more

Walk for Education 2015

Jan 30 ,2015, city : Dubai

A good walk can help you stay fit, it can help clear your mind, and on February 6th, a good walk can help provide education to children in need.

The Dubai Cares annual Walk for Education will take place at 8 in the morning on Friday, February the 6, at Dubai Creek Park next to Al Garhoud Bridge.  

more

Dubai Food Festival

Jan 30 ,2015, city : Dubai

Events :

   6 - 28 Feb
    Various outdoor locations
    Dubai Food & Film


    Dubai Food & Film is the first festival of its kind in the Middle East that focuses on the role of food... more

OMO Family Carnival at Zabeel Park

Jan 30 ,2015, city : Dubai

OMO brings a day of fun for the whole family at the Zabeel Park.

Date:    Thursday, 5th - Saturday, 7th February 2015
Duration:    3 days
Timings:    10:00 AM - 6:00 PM    
more

UAE NRI alert: To buy or not to buy a property in India

Jan 29 ,2015, city : Dubai

Real estate transactions in Mumbai, India’s financial capital, has declined by nine per cent in 2014, while other major cities have seen fall of 17 per cent, leading to a huge pile up of unsold residential units, according to a new report.

National Capital Region (NCR) witnessed the sharpest fall in sales volume among... more

Expect Dubai rental decline, rent-free periods this year?

Jan 29 ,2015, city : Dubai

Dubai residents can expect rental declines this year, with landlords even offering rent-free periods to their existing tenants, believes a global real estate consultancy.

“We expect Dubai rents and residential prices to fall up to 10 per cent this year. Lower oil prices will have a limited direct impact on the real es... more

Ultra-modern Palm Jumeirah villa gives you loose change from Dh100m

Jan 29 ,2015, city : Dubai

Now we know what Dh100 million will buy you – this house, with Dh5m to spare. Situated next to the tip of Frond O on Palm Jumeirah, this ultra-modern six-bedroom home is called The View because of its uninterrupted skyline aspect of Dubai Marina and open water of the Gulf.

At Dh95m, the new build has been priced as an... more

UAE contributes four towers in record year for skyscrapers

Jan 29 ,2015, city : Dubai

More skyscrapers were built in 2014 than in any other year, a new report has shown.

According to the Council on Tall Buildings and Urban Habitat, developers completed 97 tall buildings of more than 200 metres in height last year.

The total beat the previous record of 81 completions of buildings in the same he... more

Dubai’s Tecom Investments Launches Phase Two Of Villa Lantana For Sale

Jan 28 ,2015, city : Dubai

Dubai-based Tecom Investments has announced the launch of the second phase of its development, Villa Lantana, for sale to investors, following strong demand for phase one.

The residential development, located in Al Barsha South, features villas set in a landscaped family neighbourhood, and offers 17 different villa designs,... more

S&P adds to bearish voices on Dubai residential property market

Jan 28 ,2015, city : Dubai

Dubai home prices could fall by as much as 20 per cent this year, says a top ratings agency.

Standard & Poor’s expects the property market to suffer from increased supply and weakening investor sentiment triggered by the tumbling price of oil.

It is the latest bearish view on the emirate’s res... more

Buy in Dubai? Property prices to soften but don’t wait too long

Jan 28 ,2015, city : Dubai

I have been living and renting in Dubai for almost five years and am thinking about buying my own apartment this year. My preference and budget is for an area such as IMPZ, Remraam, JLT and so on. Given the oil price crash and the stabilisation of Dubai’s real estate market in the fourth quarter of last year, do you think buying one... more

Saudi's Emaar Economic City says cheap oil may boost growth

Jan 28 ,2015, city : Dubai

Saudi Arabia's Emaar the Economic City (EEC) expects demand for its industrial and residential property to grow this year as companies increase investment despite the plunge of oil prices, a top executive said.

Established in 2006, EEC's operations are an example of the public-private partnerships which Saudi Arabia... more

Bur Dubai rises in popularity, as Downtown falters

Jan 28 ,2015, city : Dubai

As the impact of rising rental levels and the cost of living begins to have an impact, Bur Dubai has risen in popularity among Dubai tenants, while premium areas in Downtown have begun to lose some of their appeal, according to newly released research.

New data from real estate website Bayut.com found that the Dubai Marina ... more

Affected property buyers are yet to see the money

Jan 28 ,2015, city : Dubai

 Dubai: While Dubai has tagged more projects as officially “cancelled” — dating to off-plan launches that took place between 2005-08 — it does not necessarily mean affected property buyers are closer to recovering their monies. (More than 150 projects now stand cancelled as per the Dubai Courts records.)
... more

Abu Dhabi flexes its industrial realty strength

Jan 28 ,2015, city : Abu Dhabi

 With its economic reliance on oil and gas — some 51 per cent of GDP is based on the contribution of the oil and gas-related industries — Abu Dhabi could well see some effects of the lower oil prices, with capacity being cut and other cost-reduction measures.

Ongoing construction activity in the emirate is ... more

Rents In Dubai May Fall Up To 10% In 2015; Rent Index Changes Mulled

Jan 27 ,2015, city : Dubai

Dubai’s residential property market has stabilised, and its price bubble has been deflated, real estate consultancy JLL said on Tuesday.

Average residential prices are expected to see either flat growth or decline by up to 10 per cent this year, JLL said in its ‘Top Trends For UAE Real Estate’ report.
more

Higher provisions eat into Union Properties’ net

Jan 27 ,2015, city : Dubai

 Dubai; Union Properties took a sharp dip on both 2014 revenues and net profit compared with the robust numbers the developer had put out a year ago. Net profit was trimmed to Dh858.57 million from 2013’s Dh1.58 billion, while revenues were down more than 50 per cent to total Dh2.06 billion (from Dh4.66 billion a year ago). Ear... more

Dubai house prices forecast to fall by up to 10% in 2015

Jan 27 ,2015, city : Dubai

Dubai house prices will fall by up to 10 percent in 2015 after rising almost 60 percent in two years, with the emirate's robust economy helping it avoid a repeat of a crash in 2008-9 despite a slump in oil prices, property consultants JLL said on Tuesday.

The real estate sector in Dubai, one of seven emirates in the Uni... more

Deyaar reports 82% hike in full-year profits

Jan 27 ,2015, city : Dubai

Deyaar Development has announced a 82 percent increase in profits for 2014 to $76.7 million, from $42.1 million a year earlier.

The Dubai-based company also reported a 45 percent increase in full-year revenues to almost $300 million.

CEO Saeed Al Qatami said Deyaar had an "outstanding" year, deliver... more

Work progresses on Dh800m Dubai Wharf project in Culture Village

Jan 27 ,2015, city : Dubai

The construction work at its Dh800-million Dubai Wharf development in Culture Village is progressing as per schedule after it commenced in November 2014, while infrastructure work in the master developed will be completed by first quarter 2015, Dubai Properties (DP) said.

Over nine per cent of the total construction work ha... more

Dubai's Dh30bn project with 10,000 affordable expat housing units

Jan 27 ,2015, city : Dubai

Dubai Municipality has allocated 10,000 residential units in its Dh30-billion Desert Rose master development for affordable housing for expatriates, according to a senior government official.

“We will have 30,000 dwellings in the project of which 20,000 will be for Emiratis and 10,000 will be affordable housing for ex... more

Dubai may face housing shortfall by 2020, price drop in short term

Jan 27 ,2015, city : Dubai

Dubai residential property prices are stabilising compared to the growth that the emirate witnessed in previous years, but the market will face price pressure post completion of new off-plan projects, says a real estate analyst with Standard & Poor’s (S&P), a credit rating agency.

“We are all seeing pric... more

Dubai rents and prime property prices set to fall 10% on average this year

Jan 27 ,2015, city : Dubai

Calling the top of the Dubai real estate market yesterday, the property agent JLL predicted that after remaining flat for the past six months, prices and rents in the city will drop this year by an average of 10 per cent.

JLL based its forecast for 2015 on a lack of affordability in the market and the fall in oil prices. more

Dubai Municipality willing to go it alone on financing of Dh30bn Desert Rose sustainable city

Jan 27 ,2015, city : Dubai

Dubai Municipality is capable of financing the planned Dh30 billion Desert Rose sustainable city project on its own, an official said yesterday.

The project, located south of Emirates Road, will house 120,000 nationals and 40,000 expatriates by 2025 in so called affordable housing, said Abdullah Rafia, assistant director ge... more

Valentine's Day for singles in Dubai

Jan 27 ,2015, city : Dubai

Long’s Bar Traffic Light Party
Receive coloured stickers on arrival – red means ‘I’m taken’, orange means ‘call me maybe’ and green highlights that you are unattached.
Free. Long’s Bar, Towers Rotana, Sheikh Zayed Road (04 312 2202).

McGe... more

Want to avoid the clichés on February 14? Try these anti-Valentine dinners

Jan 27 ,2015, city : Dubai

The Gramercy
Their anti-Valentine’s menu features dishes such as Torn Hearts (artichoke hearts with grilled prawns) Don’t Give a Toss pasta, Two Face sea bass, Egg In Your Face steak and chips. The finishing touch? Stabbed In The Back fruit skewers. Genius.

Building 3, DIFC, 7pm. Tel: (04... more

Valentine's Day in the UAE: Party Dates

Jan 27 ,2015, city : Dubai

VIP Room: Club the night away with your beau at the celeb hot spot, which is hosting Sandy Rivera, a record producer and house DJ best known for his hit Finally. INFO: 10pm, Fri 14 Feb, JW Marriott Marquis, 052 881 8888, www.viproom-dubai.com

XL Beach Club: Put your dancing shoes on and get... more

Valentine's Day in the UAE: Spa Dates

Jan 27 ,2015, city : Dubai

Valentine's Day in the UAE: Spa Dates

Ritz Carlton Abu Dhabi: Treat you and your loved one this Valentine's Day to 2 hour massage and facial. INFO: Dhs1,763 per couple, +9712 818 8888, www.ritzcarlton.com

Sofitel The Palm: Celebrate your Valentine'... more

Valentine's Day in the UAE: Outdoor Dates

Jan 27 ,2015, city : Dubai

Valentine's Day in the UAE: Outdoor Dates

Picante: The Portuguese restaurant will be serving a four-course set menu including a glass of sparkling vino, with a special price offer on the house bev. INFO: Dhs160 per person, 12pm-3pm (lunch), 7pm-12am (dinner), Picante, Mezzanine floor, F... more

The 10 most romantic restaurants in Dubai

Jan 27 ,2015, city : Dubai

Winner – Best Romantic
Time Out Dubai Restaurant Awards 2014

Pierchic, Al Qasr, Madinat Jumeirah
This undeniably romantic venue, perched at the end of a wooden pier that juts out into the sea, benefits from a glittering view of the Dubai shoreline at night and an air of ... more

The Ultimate Valentines With Seawings & Al Maha Desert Resort

Jan 27 ,2015, city : Dubai

ValentineS day special

February is the Valentines month and this year, we’ve put some a little extraordinary together for you and your loved one. This 2015 Valentines Day, allow the Seawings Lifesyle team to take care of absolutely every for you with one of carefully thought out and ultra special Vale... more

Valentine's Day Romantic Dinner Cruise

Jan 27 ,2015, city : Dubai

Romantic Valentines Dubai Dinner Cruise for 2

The all-inclusive rate to enjoy a specially Themed Romantic Dinner Cruise for you and your loved one is:
AED 499/Couple @ Dubai Marina Cruise
AED 299/Couple @ Dubai Creek Cruise
Special group rates apply if you are a group of more than 6 cou... more

Portfolio gains boost Emirates Reit numbers

Jan 26 ,2015, city : Dubai

 Dubai: Helped by a larger portfolio of assets, Emirates Reit (real estate investment trust) recorded a net profit of $48.56 million (Dh178.34) for 2014, which is a 39.3 per cent increase over the year earlier.

Net profit stripped off revaluation gains and IPO costs was up 43.9 per cent to $11.89 million. The Reit oper... more

Dubai property investors look for higher yields

Jan 26 ,2015, city : Dubai

Investors in Dubai’s property sector are demanding higher yields as the oil price drop, weakening economic growth and a strong US dollar soften sentiment towards property deals, industry experts said yesterday.

The rate of growth of property prices in the emirate stabilised in the final quarter of last year and is exp... more

Your property not on Dubai's cancellation list? What next...

Jan 26 ,2015, city : Dubai

Investors in projects that have not been listed with the cancelled real estate projects committee will have to liaise with the Dubai Land Department (DLD) to know when it will be transferred to the committee, according to Dubai Courts.

“Investors should check with DLD about the status of their project and when will it... more

Dubai builder Arabtec wins $152m contracts in Abu Dhabi

Jan 26 ,2015, city : Dubai

Dubai’s Arabtec Holding has won two contracts in Abu Dhabi worth Dh560 million ($152.5m) combined through its Target Engineering unit, the builder said on Sunday.

Abu Dhabi National Oil Company (Adnoc) has awarded a Dh345 million contract to expand a housing complex in Ruwais, near Abu Dhabi, to Target, a fully-owned ... more

Cancelled Dubai property projects list now features more than 150 developments

Jan 26 ,2015, city : Dubai

Ambitious Dubai projects including plans for the region’s first rotating tower and a luxury development on the island of Greece on The World project have been included in a new list of cancelled property projects published on the Dubai Courts website.

The document, which was first published last summer as a list of 18... more

Nakheel to build 4,000 new residences in Jebel Ali

Jan 25 ,2015, city : Dubai

Jebel Ali is set to emerge as Dubai’s latest residential quarter, with as many as 4,000 new apartments to be tendered within months.

Nakheel, the palm islands developer, aims to build 80 apartment buildings on the site of its old Dubai Waterfront project, which ground to a halt after the 2008 property crash. Tenders a... more

Abu Dhabi house prices flat for first time in nearly 2 years

Jan 26 ,2015, city : Abu Dhabi

Residential real estate prices remained flat in Abu Dhabi during the fourth quarter of 2014, the first time no increase has been registered since Q1 2013, according to Jones Lang LaSalle.

Its Abu Dhabi Real Estate Overview report for Q4 said the subdued market was down principallly to the recent decline in oil prices, equit... more

Dubai's Deyaar sees Q4 net profit slump by 43%

Jan 25 ,2015, city : Dubai

Dubai's Deyaar Development fourth-quarter profit fell 43 percent, Reuters calculated based on major shareholder Dubai Islamic Bank's (DIB) financial statement that was published on Sunday.

Deyaar, one of the companies worst hit by Dubai's property market collapse in 2009-2011, made a quarterly profit of 38.7 mil... more

Buyers face battle to recover cash from scrapped projects in Dubai

Jan 25 ,2015, city : Dubai

 Dubai: With more of the shelved projects in Dubai from the late 2000s now officially confirmed as “cancelled”, the original property buyers in these have reached a milestone in trying to recover their investments. But how quickly and how much of those funds they can pull back are still unclear.

“It c... more

Dubai’s rental declines are selective

Jan 24 ,2015, city : Dubai

 Dubai: No one has a problem in agreeing that Dubai’s property sales and value gains have taken a bit of a softening in the last six months. But when it comes to the pricklier issue of whether residential rentals too had gone through a sizeable dip in the same period, the consensus seems to break down.

Market sta... more

Dubai’s realty can navigate past oil price slide

Jan 24 ,2015, city : Dubai

 Dubai: The UAE’s real estate sector has been showing no signs of panic attacks over the collapse of oil prices in recent weeks. There have been no reports of investors suddenly trying to offload their properties fearing an imminent correction, nor are there indications that asking prices are being slashed in the hope of making... more

Nakheel Wins Court Case Against Owner Of Britain Island On The World

Jan 22 ,2015, city : Dubai

Dubai developer Nakheel confirmed on Thursday that it has won a case against investor Safi Qurashi relating to money owned on land at the Dubai Waterfront project.

In a short statement, it said: “Dubai Courts have issued a judgment in Nakheel’s favour against investors Safi Qurashi and his business associates in... more

Dh8m Saadiyat Island villa aimed at the less wealthy

Jan 22 ,2015, city : Dubai

It’s an odd set of affairs when property brokers start telling you that a four-bedroom villa on Saadiyat is “reasonably priced” at Dh8.1 million.

But when you start to consider that some of the mansions on the island set to become the home of the new Louvre Abu Dhabi are on the market for around triple tha... more

Nakheel claims court victory against World's GB Island owner

Jan 22 ,2015, city : Dubai

Dubai developer Nakheel said on Thursday that it has won a case against investors Safi Qurashi and his business associates relating to money owed on land in the Dubai Waterfront project.

In a statement, Nakheel said a Dubai Courts judgment ordered Qurashi, the founder and CEO of Dubai-based Q Group which is developing the G... more

Saudi Dar Al Arkan Q4 Profit Falls 26%, Misses Forecasts

Jan 21 ,2015, city : Dubai

Dar Al Arkan, one of Saudi Arabia’s largest property developers, reported a 26.3 per cent fall in fourth-quarter net profit on Wednesday, missing analyst forecasts after it made losses on financial investments and suffered higher expenses.

Arkan made a net profit of SAR115.6 million ($30.8 million) in the three months... more

Nakheel profit soars despite fewer home completions for Dubai developer

Jan 21 ,2015, city : Dubai

Nakheel reported a 43 per cent increase in profit for last year as the developer responsible for some of Dubai’s most ambitious projects delivered more than 1,000 homes to customers.

Net profit at the government-owned developer rose to Dh3.68 billion in the year to the end of December, up from Dh2.57bn a year earlier.... more

Oman looks to make headway in events with Muscat convention centre

Jan 21 ,2015, city : Dubai

Oman hopes to cash in on the region’s growing events industry with a new convention centre in Muscat that is expected to open in the first quarter of next year.

The first phase of Oman Convention and Exhibition Centre (OCEC) comprises 22,000 square metres of exhibition space and 10 meeting rooms to host up to 10,000 p... more

Why the oil price slump could hit UAE property

Jan 21 ,2015, city : Dubai

Top Gun was playing in the cinemas, Madonna was in the pop charts with Papa Don’t Preach and fashion was all about big perms and even bigger shoulder pads.

The year was 1986 and the big news was all about the economy where a collapse in oil prices eventually led to a consumer spending boom in the West.

... more

Dubai resident left bemused by property agent’s demands

Jan 21 ,2015, city : Dubai

Dubai resident left bemused by property agent’s demands
Dubai Marina. Mario Volpi advises a new Dubai resident on how to deal with a problem involving a property agent. Randi Sokoloff for The National

I am new to Dubai and last week agreed to rent an apartment from an agent who told me that the rent would be Dh... more

Dubai's Nakheel sees 2014 revenues plunge by 33%

Jan 21 ,2015, city : Dubai

Dubai developer Nakheel expects to maintain profit growth of 40 percent seen last year in 2015 and 2016, its chairman said on Wednesday, as it benefits from diversifying into the retail and hospitality sectors.

The positive outlook from Ali Rashid Lootah came after the state-owned company reported a 43.2 percent jump in ful... more

Margin boost propels Nakheel’s Dh3.68b net profit for 2014

Jan 21 ,2015, city : Dubai

 Dubai: A focus on cost control and striking favourable contractual agreements was reflected in Nakheel reporting a 43 per cent gain in net profit for 2014, totalling Dh3.68 billion against the previous year’s Dh2.57 billion.

Another boost to the bottom line was the removal of the Dh460 million provision it had b... more

Dubai’s industrial realty trades on its strengths

Jan 21 ,2015, city : Dubai

Dubai: While the global economy is sending out mixed signals, it’s clear that the economic cues from Dubai show the emirate is in robust shape. Dubai’s strengths — trade, tourism and logistics — mean that its diversified economy is likely to emerge more intact as a result of declining oil prices than its GCC peers.... more

Dubai’s developers push on with new launches

Jan 21 ,2015, city : Dubai

Dubai: Dubai’s developers are pressing ahead with off-plan launches seeing more merit in approaching the market head on rather than wait for more favourable circumstances to show up.

Reef Real Estate, on Tuesday, launched the 38-storey Reef Residence, which it says is the first tower project at Jumeirah Village Circle... more

Dubai’s Maze Tower wins a Guinness accolade

Jan 21 ,2015, city : Dubai

Dubai: The Maze Tower in Dubai has been recognised by Guinness World Records as representing the largest vertical maze. The 55-storey structure, completed in January 2012, is located off Shaikh Zayed Road. Its main feature is the maze — the intricate lines of balconies on the front and rear facades are in the shape of a maze —... more

Dubai’s Property Market Will Be Driven By Homeowners – Emaar’s Alabbar

Jan 20 ,2015, city : Dubai

Dubai’s real estate market will see a rise in home-owners and a shift towards affordable housing, according to Mohamed Alabbar, chairman of developer Emaar.

In his exclusive 2015 Gulf Business Power Letter, Alabbar stressed that the emirate’s property market was seeing interest from a different set of investors.... more

UP forays into Dubai's mid-range hotel category

Jan 20 ,2015, city : Dubai

Union Properties (UP), a Dubai-based developer, will be launching a 4-star hotel in Dubai Investment Park (DIP), thus entering the mid-range hotel category that is expected to boom by 2020, ‘Emirates24|7’ can reveal.

“We will be building a boutique hotel, which will consist of 150 rooms and 50 serviced apa... more

UAE company plans $300m project in Indonesia

Jan 20 ,2015, city : Dubai

Tasweek Real Estate Development and Marketing, a UAE-based company, is planning a new joint venture for building a 26-hectare mixed-use housing, retail and hospitality complex in Indonesia.

The $300 million mixed-use development will be built in Bintan, the largest island in the Riau Archipelago of Indonesia, and will inclu... more

DP launches more units in The Villa project

Jan 20 ,2015, city : Dubai



Dubai Properties (DP), the real estate arm of Dubai Properties Group (DPG), has announced sale of additional units in its The Villa master community in Dubailand.

Limited units are available in the Valencia and Mallorca types of villas, comprising five- and six-bedroom Spanish-style courtyard villas. The uni... more

Most Dubai tenants escape contract termination... how?

Jan 20 ,2015, city : Dubai



Whether it was direct negotiation with their landlords or filing a case with the Rental Dispute Settlement Centre (rental committee), majority of Dubai tenants have been successful in avoiding termination of their rental contracts, according to a new report.

“Only 31 per cent of respondents challenged ... more

What ails roads in Jumeirah Village Circle?

Jan 20 ,2015, city : Dubai

Parul Arya and his family moved to Jumeirah Village Circle (JVC) a couple of years ago, persuaded by promises of a well-serviced residential community.

Instead, he says, he faced a barren landscape with hopes that infrastructure development would soon pick up. Two months ago, he moved out.

“The other da... more

Average Palm, Dubai Marina rents rise 14% in 2014, says Dubizzle

Jan 20 ,2015, city : Dubai

Rental values of one, two and three bedroom waterfront in Palm Jumeirah and Dubai Marina increased by an average of 14 percent during 2014, according to new data released by classified ads website Dubizzle.

Its latest real estate report also showed that rents of one, two and three bedroom properties in Business Bay and Down... more

Abu Dhabi to build low-cost housing for UAE residents

Jan 19 ,2015, city : Abu Dhabi

Abu Dhabi General Services (Musanada), a government-owned company, is planning to build hundreds of low-cost houses in Al Manaief City in the Western Region.

As per the project brief issued, the city will have 500 studio units of 25 square meters each, 220 one-bed units of 40 square meters each and four community centres wi... more

Strong response for Meydan freehold villas in Dubai

Jan 19 ,2015, city : Dubai

A semi-detached freehold villa project in Meydan City, Dubai has had an “overwhelming response”.

The development, called Millennium Square, will be developed by G&Co at an estimated value of Dh3 billion.

The villas have a starting price of Dh4,348,750, with a handover scheduled for the last qu... more

Abu Dhabi property developer Aldar to settle Dh1bn of debt

Jan 19 ,2015, city : Abu Dhabi

Aldar Properties, which built the world’s biggest indoor theme park in Abu Dhabi, will repay the remaining Dh1 billion of a Dh4bn loan before the end of this month as it cuts debt.

Abu Dhabi’s largest real estate company will use scheduled cash payments from the government after selling assets to settle the loan... more

UAE real estate firm Al Hamra raises loan value to $340m

Jan 19 ,2015, city : Dubai

Al Hamra Real Estate Development has increased the value of a syndicated loan to 1.25 billion dirhams ($340.3 million) from 850 million dirhams previously, the UAE-base firm said on Monday.

Al Hamra, based in the northern emirate of Ras Al Khaimah, 130 kilometres from the UAE's commercial hub Dubai, signed the seven-yea... more

UAE-Based H Holding Enterprise Launches New Property Arm In The Middle East

Jan 18 ,2015, city : Dubai

UAE-based hospitality firm The H Holding Enterprise has announced that it has diversified into the property business through the launch of Omega Real Estate, a new company specialising in property development and asset management in the Middle East.

The newly launched firm is aiming to establish a real estate portfolio of D... more

Abu Dhabi entity plans hundreds of low-cost housing units

Jan 18 ,2015, city : Abu Dhabi

Abu Dhabi General Services (Musanada), a government-owned company, is planning to build hundreds of low-cost houses in Al Manaief City in the Western Region.

As per the project brief issued, the city will have 500 studio units of 25 square meters each, 220 one-bed units of 40 square meters each and four community centres wi... more

Rents to fall in Dubai? 25k new units likely

Jan 18 ,2015, city : Dubai

Dubai is likely to get 25,000 new housing units in 2015 with the residential property market remaining subdued, according to JLL.

“The residential sector is likely to remain subdued over the next 12 months as the market is expected to absorb 25,000 additional units in 2015,” the consultancy said in Q4 Dubai mark... more

Emaar picks London for 2015 first tower launch

Jan 18 ,2015, city : Dubai

Emaar Properties, Dubai’s largest property developer, is set to commence sales for its first towers of 2015 on January 24, which are the remaining two towers of the six-tower Dubai Creek Residences.

The launch of the towers, part of the multi-billion-dollar Dubai Creek Harbor at The Lagoons master development, will be... more

Home prices flatline in Abu Dhabi and Dubai with slowdown expected to continue

Jan 18 ,2015, city : Abu Dhabi

House prices in Dubai and Abu Dhabi flatlined during the final quarter of 2014, studies showed yesterday.

Reports from both JLL and MPM Properties, the real estate consultancy arm of Abu Dhabi Islamic Bank, revealed that house prices in the two cities did not rise at all in the three months to the end of December.
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Can UAE residency visa be obtained through property purchase if income in wife’s name?

Jan 18 ,2015, city : Dubai

You recently answered a query about obtaining a UAE residency visa if you buy a property. In my case, I live in Pakistan and am considering buying a property in Dubai worth Dh2 million. I have an online business and while the income is well above Dh10,000, it is paid into my wife’s bank account. My question is, can I apply for a pro... more

Dubai's residential property sector peaking, says JLL

Jan 18 ,2015, city : Dubai

Dubai's markets for residential real estate and hotel properties are peaking as lower oil prices dampen sentiment, though strong government spending and the emirate's diversified economy mean a sharp pull-back is not expected, consultants JLL said in a report on Sunday.

The residential market surged early last year ... more

New luxury $816m Meydan project set for Q4 2017 handover

Jan 18 ,2015, city : Dubai

Meydan Dubai, one of the largest integrated racing, business and lifestyle hubs in the world, will hand over homes in Millennium Square, the first-of-its-kind semi-detached freehold luxury villa project in the city, in 2017, it was announced on Sunday.

The project, to be developed by G&Co at an estimated value of AED3 b... more

Dubai rents, prices stabilising

Jan 18 ,2015, city : Dubai

Dubai’s real estate market appears to be stabilizing with the cost of renting and buying apartments registering zero increases in the last part of 2014, a new report suggests.

Property analysts expect the market to remain subdued in the next 12 months, as more residential units are scheduled to open their doors to new... more

Residential rental growth eases in Dubai, but higher charges are still a concern

Jan 18 ,2015, city : Dubai

 Dubai: Rental demands seem to have subsided, or at least they have in some locations of Dubai, but residents will need to keep a close eye out for further pressures on the overall cost of living.

“As government charges increase further in 2015, we remain wary of pressures on the cost of living as inflation regis... more

Dubai residential prices continue to fall in Q4

Jan 16 ,2015, city : Dubai

Residential prices for both apartments and villas in Dubai fell during the fourth quarter of 2014 compared to the previous quarter, according to a new report by Phidar Advisory.

Its Q4 research note also showed that office lease rates in the emirate remained relatively unchanged in the three months to December 31.
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Emirates Hills villa with Montgomerie Golf Club views – a snip at Dh59m?

Jan 15 ,2015, city : Dubai

Emirates Hills has topped the list of Dubai’s most expensive homes since the first residents moved there in 2002.

Perhaps the only gated community in town that does not feature cookie-cutter houses, the luxury community has another five-bedroom villa for sale with a fancy price tag to match.

At Dh59 mil... more

All tenants in Dubai now paying housing charge - municipality

Jan 15 ,2015, city : Dubai

All Dubai expat tenants and property owners are now paying the household charge, Dubai Municipality has confirmed.

First implemented four years ago, every property occupied by expats in Dubai is charged five percent of the rent or rental value (according to rental index issued by Rera) for all general civic services, which ... more

Emaar watching market conditions for hotels IPO

Jan 15 ,2015, city : Dubai

Emaar Properties, Dubai's largest listed real estate developer, is watching the markets closely to make a decision on a time frame for listing its hotels business, the company said on Thursday.

"The timing of the IPO will be dependent on the market conditions. We are watching the markets closely and will take a dec... more

Saudi Housing Minister Says Aiming To Tax Undeveloped Land

Jan 14 ,2015, city : Dubai

Saudi Arabia’s housing ministry is moving to tax undeveloped land, official media quoted the housing minister as saying, in a policy that could help to end a shortage of homes and spur economic growth.

Much urban land in the kingdom is owned by wealthy individuals or companies who prefer holding it as a store of value... more

Emaar, Meraas launch new hotel brand

Jan 14 ,2015, city : Dubai

Emaar Hospitality Group and Meraas Holding have announced the launch of Rove, a new hotel brand, and have said that they plan to roll out 10 properties over the next five years.

According to a media statement issued today, properties of Rove Hotels will be rolled out across central locations in Dubai and the region by 2020.... more

Will Fujairah allow foreign property owners?

Jan 14 ,2015, city : Dubai

The Chairman of Al Taif Investment, a Fujairah-based real estate developer, is planning to talk to the government of Fujairah to allow expatriates to own properties on long-term leases in its Dh400-million Fujairah Business Centre.

“We will soon start work on the project and once the project progresses we will talk wi... more

Dubai landlord faces dilemma after tenant’s cheques keep defaulting

Jan 14 ,2015, city : Dubai

I have invested in many properties in Dubai and most are fine except for one asset. I had leased a unit during the recession period in 2011 when the rents were substantially lower. Since 2011 I have renewed the contract with the tenant below the rental index rate. However my dilemma with the tenant is that most of his cheques default. Thi... more

Dubai’s Nakheel issues warning against residents breeding poultry in their villas

Jan 14 ,2015, city : Dubai

Dubai developer Nakheel has issued a circular to homeowners of the Al Furjan residential community warning them that the breeding of roosters and poultry inside their villas is not allowed, after complaints from some disgruntled owners.

“We have been receiving numerous complaints about the disturbance due to breeding ... more

Launch delay has a telling effect on costs

Jan 14 ,2015, city : Dubai

Dubai: A year can be a long time when it comes to project launches ... as one developer in Dubai is finding out.

“The plan was to have the sales launch of the Elite Downtown tower — located in the Downtown area — in January 2014 ... but we could not go ahead with it at the time because there was an issue t... more

Ways and means to build a budget hotel in Dubai

Jan 14 ,2015, city : Dubai

Known globally as a business and tourist destination, Dubai is home to over 80,000 operational hotel rooms and has an average occupancy rate of 76 per cent, the highest of any city in the Middle East. Dubai’s successful bid for the world expo trade convention in 2020 is expected to generate significant economic benefits and attract ... more

Will Fujairah allow foreign property owners long leases?

Jan 13 ,2015, city : Fujairah

The Chairman of Al Taif Investment, a Fujairah-based real estate developer, is planning to talk to the government of Fujairah to allow expatriates to own properties on long-term leases in its Dh400-million Fujairah Business Centre.

“We will soon start work on the project and once the project progresses we will talk wi... more

Expecting your Dubai villa rent to rise? What 2015 Rera index says

Jan 13 ,2015, city : Dubai

The first Dubai rent index update of 2015 saw apartment rents going up by 6 to 25 per cent across various freehold communities, but that’s not the case with the villa segment.

Lease rates have remained stable across freehold villa communities, a comparison by ‘Emirates24|7’ of 2015’s first rent index... more

Dubai land and property deals in slight drop to Dh218b

Jan 13 ,2015, city : Dubai

 Dubai: Overall land transaction levels recorded a marginal drop of 8.25 per cent to total Dh218 billion last year compared with 2013’s tally of Dh236 billion.

The numbers were in keeping with Dubai’s stated goals of “maintaining sustainable” levels of transaction activity while pushing the mark... more

3 hottest areas for apartment sales in Dubai

Jan 13 ,2015, city : Dubai

 Real estate transactions in Dubai last year exceeded Dh218 billion partly due to high investor demand for lands and apartments in the emirate.

A closer look at the 2014 report by Dubai land Department’s annual report showed the top locations that attracted the biggest number of buyers looking to cash in on the c... more

Dubai real estate deals fall 8% to $59bn in 2014

Jan 13 ,2015, city : Dubai

Dubai Land Department said on Tuesday that the total amount of real estate transactions in Dubai exceeded AED218 billion ($59.3 billion) in 2014, down 8 percent from the previous year.

A report released by the state entity's real estate sector development department recorded AED157 billion worth of land mortgages and sa... more

Dubai property deals slow in 2014 after transaction tax hike, mortgage caps

Jan 13 ,2015, city : Dubai

The value of Dubai property deals in 2014 fell 7.6 per cent compared with the previous year, reflecting a slowdown in the emirate’s housing market, official figures show.

Overall property or land sold or mortgaged in 2014 stood at Dh218 billion, down from Dh236bn the previous year, according to Dubai Land Department (... more

Emaar boss uses Eagle Hills property firm to revive push into Africa

Jan 13 ,2015, city : Dubai

The Emaar chairman Mohamed Alabbar is pressing ahead with plans to revive an Abu Dhabi-backed development push into North Africa and the Levant through the private property company Eagle Hills.

The economies of Egypt, Morocco and Tunisia stand to gain from the current fall in oil prices, which have dropped 50 per cent from ... more

Expecting your villa rent to increase? Check what Dubai's first 2015 index update reveals

Jan 13 ,2015, city : Dubai

The first Dubai rent index update of 2015 saw apartment rents going up by 6 to 25 per cent across various freehold communities, but that’s not the case with the villa segment.

Lease rates have remained stable across freehold villa communities, a comparison by ‘Emirates24|7’ of 2015’s first rent index... more

Nakheel Forms New JV Company To Lease And Sell Properties In Dubai

Jan 12 ,2015, city : Dubai

Dubai-based developer Nakheel announced that it has signed a joint venture agreement with German real estate brokerage firm Engel & Völkers to form a new company specialising in selling and leasing properties across Dubai.

The agreement follows a letter of intent, signed between the two companies in 2014, to seek g... more

Dubai’s Damac shares surge on home market listing

Jan 12 ,2015, city : Dubai

Shares in Dubai-based real estate developer Damac surged as they listed on the emirate's bourse on Monday, after the company initially floated global depositary receipts in London in late 2013.

Damac traded at AED3.19, up 14 percent from its London close last Friday. It dominated trading volume in Dubai; the market'... more

Dubai developer targets UAE residents earning Dh9K-Dh15K pm

Jan 12 ,2015, city : Dubai

Dubai developers are turning their attention to ‘affordable’ housing in 2015, with Dubai Properties (DP), the development arm of Dubai Properties Group (DPG), joining the bandwagon.

The developer will be selling units in Remraam project in Dubailand to individuals earning salaries of between Dh9,000 and Dh15,000... more

Bahrain’s Arcapita Sells $1.4bn Stake In Lusail Golf Development

Jan 12 ,2015, city : Dubai

Bahrain-based investment firm Arcapita has sold its 50 per cent stake in the upcoming Lusail Golf Development in Qatar to Barwa Real Estate Company, it announced on Sunday.

Lusail Golf owns the development rights to a 3.66 million square metre plot of land, which has a value of approximately $1.4 billion, the company said i... more

Dubai's landlord-tenant property law found 'most effective'

Jan 12 ,2015, city : Dubai

Residents in Dubai have shown wide support for the existing laws and regulations that govern the real estate in the country.

According to a new survey conducted by legal firm Hadef and Partners, respondents who participated in the study showed widespread support for the existing real estate laws in Dubai with the Escrow Law... more

KEF ready to build schools and hospitals for GCC

Jan 11 ,2015, city : Dubai

Dubai-based KEF Holdings, which specialises in off-site construction, is keen to tap demand in the Arabian Gulf for schools and hospitals amid rising investments from the government and private sector.

The company said it would start supplying prefabricated hospitals and schools to the UAE and Saudi Arabia from the second h... more

Dubai to get luxury floating villas at World Islands project

Jan 11 ,2015, city : Dubai

The Australasia section of Dubai’s ambitious World Islands project could finally get underway with a set of super luxury floating private island villas.

Work on an archipelago of 20 private man-made islands built in the shape of the continent of Australiasia could finally start, property developer Oqyana Real Estate s... more

Bahrain's Arcapita sells stake in $1.4bn Lusail Golf

Jan 11 ,2015, city : Dubai

Bahrain-based Islamic investment firm Arcapita said on Sunday it has sold its 50 percent stake in Lusail Golf Development to Barwa Real Estate Company.

Lusail Golf owns the development rights to a 3.66 million square metre plot of land north of Doha and the total value of the plot is approximately $1.4 billion, Arcapita sai... more

Aldar says broken windows in Gate Towers ‘an oddity’

Jan 10 ,2015, city : Dubai

ABU DHABI // A local developer that had a number of windows shatter in one of its high-rise buildings, says the windows’ installation “outperforms construction norms”.

Residents had voiced concerns about safety after inner panes in two tempered-glass windows spontaneously shattered last week. Aldar said it... more

Jauan Salem Establishment: A storied family enterprise

Jan 10 ,2015, city : Dubai

Humaid Al Dhaheri is a fiercely proud 34-year-old, Emirati. As a bachelor, he has the time to wear two hats. In his day job he has a senior capacity with National Bank of Abu Dhabi looking into the key sectors of the country’s economy such as construction and tourism. And from 4pm he oversees his family’s property business, Ja... more

Etihad Rail awards contract for employee housing in Mirfa

Jan 10 ,2015, city : Dubai

Etihad Rail has awarded a contract to design and build 170 new homes for employees of the new railway in Mirfa in the Western Region as the company pushes ahead with ambitious plans to connect the UAE with neighbouring GCC countries by train.

National Transport & Contracting Company, the local building company awarded t... more

Dubai developer offers 'affordable' housing to UAE residents

Jan 9 ,2015, city : Dubai

Danube Properties, the real estate arm of Dubai-based Danube Group, says it is committed to offer “affordable” housing to UAE residents, primarily aiming to convert renters into homeowners.

“We have ventured into the affordable housing segment as this is the space where we see a huge vacuum in Dubai. We ar... more

Limitless seeks more time after missed debt talks deadline

Jan 9 ,2015, city : Dubai

Dubai-based real estate developer Limitless has asked for a three-month extension to talks with creditors after failing to secure a new restructuring on its $1.2 billion debt pile, four banking sources told Reuters on Thursday.

The company, which has already restructured the debt once before at the end of the past decade, i... more

Dubai Properties says Mudon handovers have begun

Jan 9 ,2015, city : Dubai

Developer Dubai Properties (DP) has announced that it has started the handover process in Mudon, its residential community in Dubailand.

The company said in a statement that a total of 72 townhouses in the first phase of Mudon, called Al Salaam, along with an additional 112 townhouses in Al Naseem, the second phase of the c... more

Transaction levels perk up in Dubai realty

Jan 9 ,2015, city : Dubai

 Dubai: Quite contrary to the popular perception, property and land transactions in Dubai actually perked up nicely in the last two months of 2014. Most pertinently, and which will have an impact on the longer term health of the realty sector, the majority of these transactions took place in the secondary market for completed or near... more

Minimalist style at a maximum price for Al Ghurair debut apartments in Dubai

Jan 8 ,2015, city : Dubai

Walking into Ibrahim Al Ghurair’s offices in Downtown Dubai is a similar experience to entering a minimalist show flat.

Modernist white sofas stand against blank white walls and a sleek kitchen surface devoid of clutter is visible against floor to ceiling windows featuring chrome coloured aluminium finishes.
more

Buying off-plan property in Dubai? Pay 4% registration fee upfront

Jan 8 ,2015, city : Dubai

Developers in Dubai are asking off-plan property buyers to pay the registration fee of 4 per cent of the contract value at the time of booking, Emirates 24|7 can reveal.

“We are asking investors to pay the title registration fee of 4 per cent of contract value, Oqood fee of Dh1,000 along with a knowledge fee of Dh20 a... more

Strata laws would cover shared areas of Abu Dhabi buildings

Jan 7 ,2015, city : Abu Dhabi

Abu Dhabi’s new financial free zone is proposing the introduction of the emirate’s first strata property laws and owners associations.

According to a set of draft regulations published yesterday by Abu Dhabi Global Market, the capital’s first financial free zone on Al Maryah Island will include strata laws... more

Rent factors to consider when moving to Abu Dhabi on Dh50,000 a month

Jan 7 ,2015, city : Dubai

We are a married couple with no children but will be bringing two cats with us from South Africa to live in Abu Dhabi. We intend staying for five to six years and are trying to get a feel for where to stay, what type of accommodation would best suit us, and would ideally like to get it right first time and remain for the whole five years ... more

Control is a good thing for Dubai’s developers

Jan 7 ,2015, city : Dubai

Dubai: With a handful of Dubai’s developers in full control of supply and pricing, the chances of a sudden correction breaking out in the property marketplace is remote, according to the Damac Group chief.

“Three of the government owned or supported master-developers — Nakheel, Dubai Properties and Emaar &... more

Is buying property in Dubai cheaper than renting? Click to know

Jan 7 ,2015, city : Dubai

Buying a property or renting one is a personal decision, but a new research by a UAE-based company suggests that time may be ripe for renters in Dubai to become homeowners.

“Our analysis reveals that many tenants may now be able to purchase a property similar to the one they are renting at a lower monthly cost. This a... more

Handover to begin for Paradise Lakes Towers in Ajman

Jan 7 ,2015, city : Ajman

Sweet Homes Holdings (SHH), a real estate developer, will commence hand over of the first phase of Paradise Lakes Towers project in Ajman.

The project, which is the first freehold development to be fully completed by a private developer in Ajman, has already received certifications from the Municipality of Ajman and the Off... more

Arabtec denies acquisition reports

Jan 6 ,2015, city : Dubai

Arabtec has denied it is undertaking acquisitions after reports that the company was on the lookout for takeover targets.

The UAE’s biggest publicly traded construction company said in a statement issued to the Dubai Financial Market that it is “constantly evaluating available acquisition opportunities with the ... more

Dubai property market will mature further in 2015: Emaar chief

Jan 6 ,2015, city : Dubai

Dubai’s property sector will continue to emerge as a more mature market in 2015, with the real demand now coming from end-users and long-term investors, Chairman of Emaar Properties has said.

“The concerted efforts of the Dubai government have helped manage the supply pipeline, and at the current trends of popul... more

Abu Dhabi’s ever-changing skyline: a look at the capital’s iconic buildings

Jan 5 ,2015, city : Abu Dhabi

Buildings are a city’s boldest statement and Abu Dhabi is certainly finding its voice with eye-catching, breathtaking constructions. Towering ambition hints at the grand designs yet to come.

Barely registering on the current panorama of the city skyline is the 185-metre tall Abu Dhabi Investment Authority tower on the... more

$16.3m Burj Khalifa sale tops Dubai’s most expensive property list in 2014

Jan 5 ,2015, city : Dubai

Burj Khalifa was home to the most expensive property sale in Dubai last year, with an apartment in the world's tallest tower selling for $16.3 million, according to data compiled by Reidin.com.

The Downtown Dubai area accounted for five of the top ten most expensive property sales during the last 12 months, according to... more

Nakheel launches office and retail space at Golden Mile

Jan 4 ,2015, city : Dubai

 Dubai: Nakheel will begin leasing office, retail and dining space at Palm Jumeirah’s Golden Mile in Dubai on Monday as part of its rapidly expanding retail development portfolio.

The Golden Mile will have around 70 outlets and the first are expected to open in April 2015. Around 400,000 square feet of office and... more

Nakheel set to start leasing Golden Mile space on Palm Jumeirah

Jan 4 ,2015, city : Dubai

Nakheel will start leasing shops on Palm Jumeirah’s Golden Mile today with the first of them expected to open by April.

The developer took over the ownership of Palm Jumeirah’s Golden Mile retail and office units in November.

Spinney’s, the supermarket chain, will be among its first tenants.... more

Indian developer plans to build world's tallest tower

Jan 3 ,2015, city : Dubai

An Indian developer is planning to build the world’s tallest tower in Gujarat, according to media report.

A Mumbai-based developer Harihara Mahapatra has proposed the tower in the upcoming “Dream City” project at Khajod, Surat, with the tower being as high as 1.2 kilometre, Times of India reported.
... more

The Smurfs - Live on stage !

Jan 2 ,2015, city : Dubai

Date: 16th - 19th  January 2015

It’s every Smurfs favourite time of year: Spring! Which means it’s time for the annual Spring Parade. But which Smurf will be chosen as the Leader of this year’s Parade? If Gargamel has his way, there won’t be a parade at all. He comes up with a p... more

Dubai Auditions for the broadway musical "Annie"

Jan 2 ,2015, city : Dubai

Seeking all aspiring actors to audition for hit musical "Annie"

Date:    Friday, 16th - Saturday, 17th January 2015
Duration:    2 days
Category:    Arts / Culture / Theatre, Family , Live Entertainment&nb... more

Market Outside the Box

Jan 2 ,2015, city : Dubai

Market outside the box is back again for Dubai Shopping Festival.

Date:    Thursday, 15th - Saturday, 24th January 2015
Duration:    10 days
Category:    Lifestyle    
Venue:&n... more

Carpet & Arts Oasis 2015

Jan 1 ,2015, city : Dubai

Find amazing floor coverings and antique souvenirs at this annual event.

Date:    Thursday, 1st January - Sunday, 1st February 2015
Duration:    1 month 2 days
Category:    Arts / Culture / Theatre    ... more

Romeo & Juliette – Les Ballets De Monte-Carlo

Jan 2 ,2015, city : Dubai

Madinat Arena, Madinat Jumeirah
15th – 17th January 2015
8.00pm – 11.00pm


The official National Ballet Company of Monaco, and most acclaimed ballet company in Europe, take the stage to perform the classic tragic tale of Romeo and Juliet. This magical performance of... more

Dubai Shopping Festival 2015

Jan 1 ,2015, city : Dubai

The largest shopping and entertainment extravaganza in the Middle East.

Date:    Thursday, 1st January - Sunday, 1st February 2015
Duration:    1 month 2 days
Category:    Community, Family , Lifestyle   &... more

Dubai’s Emaar Eyes Strong Growth As It Revamps Organisational Structure

Jan 1 ,2015, city : Dubai

Dubai-based developer Emaar has announced a major rehaul in its organisational structure in order to tap into the industry’s growth over this year.

Under the new structure, the company will focus on carrying out professional project management, ensure timely delivery of all projects and improve its customer service, a... more

Where to rent in Dubai and Abu Dhabi in 2015

Jan 1 ,2015, city : Dubai

There is finally some good news for those wanting to rent property in the UAE – but only if you know where to look. After years of skyrocketing rents, prices began to stabilise last year, in a trend some expect to continue this year.

Rents in Abu Dhabi’s freehold areas, for example, were up by just 2.7 per cent ... more

Banana Island, the Arabian Gulf’s latest man-made island

Jan 1 ,2015, city : Dubai

Dubai chose to build its man-made islands in the shape of palm trees complete with fronds. Then there’s the World Islands shaped, well, like the world.

Qatar meanwhile has given architects rather more food for thought with its new addition to the man-made island landscape in the Arabian Gulf - Banana Island.
more

How Arabtec ended 2014 on a downward spiral

Jan 1 ,2015, city : Dubai

Arabtec, the UAE’s largest listed builder, started last year in buoyant mood.

The company was in expansion mode after the Abu Dhabi government-owned fund Aabar increased its stake in the company in 2012 and took seats on the board, indicating to the world that it was putting its considerable financial weight behind th... more

2015 forecast: What's in store for the global real estate sector?

Jan 1 ,2015, city : Dubai

Foreign ownership restrictions relaxed, increasing interest from international investors, property industries going mobile - these are just some of the developments that are on the cards for frontier real estate markets in 2015.

As 2014 draws to a close, global property portal Lamudi looked at five key trends to watch out f... more

Cost-conscious tenants should eye Barsha/Tecom zones

Jan 1 ,2015, city : Dubai

 Dubai: Cost-conscious tenants looking for office spaces in Dubai should keep an eye on developments in the Barsha/Tecom zones.

“These are upcoming areas from a leasing perspective and still reasonably priced,” said Robin Teh, Counter Manager – UAE at Chestertons MENA. But prospective tenants are bett... more

UAE’s office rentals better off with slower increases

Jan 1 ,2015, city : Dubai

 Dubai: Dubai and Abu Dhabi did not make it to the Top 10 rankings of cities with the highest growth rates on rentals for prime office space during 2014… and that can only be a good thing. In fact, Abu Dhabi just about made it to the 50th spot in rankings - compiled by the consultancy CBRE - that were dominated by Dublin (with... more

Dubai rents fall: Was November the best time for renters?

Jan 1 ,2015, city : Dubai

Residential rents, which rose marginally in October, retreated in November, Reidin.com data reveals.

Apartment rents declined 0.66 per cent on a month-on-month (m-o-m) basis, but year-on-year (y-o-y) increase stood at 17.7 per cent. Villa rentals fell by 0.32 per cent m-o-m while annual increase was at 5.1 per cent.
... more