Latest Real Estate News in UAE

Dubai to get mandatory real estate contracts

Mar 30 ,2014, city :

Property contracts in Dubai will become mandatory from 01 May in a bid to clarify the roles of buyers, sellers and brokers, the Dubai Land Department has confirmed.

The new contracts are expected to speed up property transactions, make it easier for sales to be conducted without using an agent and promote confidence in the ... more

Nakheel brings two new shopping destinations to Dubai’s Jumeirah Village communities

Mar 29 ,2014, city :

Nakheel has announced two new shopping destinations, a 1 Million square feet regional shopping mall in Jumeirah Village Triangle and a 500,000 square feet mall in Jumeirah Village Circle as part of its growing portfolio of retail projects.

The regional mall, located on Al Khail road, will feature a 15 screen cinema, an 80,0... more

TDIC launches sales of new Saadiyat Beach homes

Mar 26 ,2014, city : Abu Dhabi

Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, has announced the launch of a new block for individual sale at the Saadiyat Beach Residences.
The development compromises six residential buildings in an exclusive gated community and comes fol... more

Aldar sells 100 homes in Alghadeer project

Mar 25 ,2014, city : Abu Dhabi

Aldar Properties has completed the first 2,130 homes at its Alghadeer project close to the Expo 2020 site in Dubai as the developer banks on infrastructure upgrades to help it finally complete the long-awaited master plan.
The company has sold 100 homes at the scheme over the past six weeks for about Dh1,050 per square foot, which ... more

Dubai named world's top performing property market in 2013

Mar 15 ,2014, city : Dubai

Dubai was the world's best performing real estate market during 2013 with price growth nudging 35 percent, Knight Frank has revealed in a new report.

The Knight Frank Global House Price Index showed mainstream property prices in the emirate rose by 34.8 percent during the last 12 months.

Although the incr... more

6 reasons why Dubai's real estate is on the boom

Mar 3 ,2014, city : Dubai

Dubai is experiencing a sound and balanced cyclical economic upswing with the real estate growth not being reminiscent of 2008, according to a Citi report

In mid-2008, the Dubai economy was being increasingly driven by construction activity, with developers building projects based on off-plan sales model, the global bank sa... more