Latest Real Estate News in UAE

UAE property gets you Antigua and Barbuda citizenship

Nov 30 ,2014, city : Dubai

A UAE-based developer is offering citizenship of Antigua and Barbuda to those buying properties in its Ajman project, Emirates 24|7 can reveal.

“People who buy four-bedroom villas in our Dh2.5 billion Ajman Uptown master development qualify to apply for citizenship of Antigua and Barbuda with their new... more

Dubai rents rise: Apartments higher than villas

Nov 30 ,2014, city : Dubai

Residential rents in Dubai rose marginally in October, but are up almost 18 per cent in the past 12 months, data reveals.

Apartment rental prices rose by 0.43 per cent on a month-on-month (m-o-m) basis, registering a year-on-year increase of 20.2 per cent. Villa rentals were up 0.29 per cent m-o-m and 6.6 per cen... more

Almost 20% Of UAE Filipinos Mull Property Buy In The Philippines In 2015

Nov 30 ,2014, city : Dubai

Almost 20 per cent of Filipinos living in the UAE are planning to buy a property in the Philippines within a year, according to a new survey.

The study was conducted by New Perspective Media, the organisers of the Philippine Property and Investment Exhibition and polled 1,000 Filipinos living in the UAE.

The ... more

Damac set to open two more Dubai hotel apartments

Nov 30 ,2014, city : Dubai

Damac Properties is set to open two more serviced hotel apartments in the Burj area of Dubai over the coming months, as it continues to expand its hospitality business.

Cour Jardin and Captial Bay will join Canal Views, which opened last month, and Damac Maison – Dubai Mall Street, which started welcoming guests just ... more

Gulf stock markets rattled with further declines expected in oil prices

Nov 30 ,2014, city : Dubai

Stock markets from Dubai to Riyadh tumbled on Sunday as investors braced for a renewed decline in oil prices after Opec ruled out cutting production.

Saudi Arabia’s Tadawul headed for a bear market, while the Dubai Financial Market General Index dropped to its lowest level since October 16.

Opec on Thur... more

Dubai property growth to slow to single-digit levels, says Damac founder

Nov 29 ,2014, city : Dubai

Growth in the Dubai property market will slow to single-digit levels for the foreseeable future, according to Hussain Sajwani, the founder and chairman of Damac Properties, one of the UAE’s flagship developers.

Mr Sajwani, speaking exclusively to The National in an interview, said that the days of 20 to 30 per cent an... more

wasl, Hyatt tie up for Dubai Creek mixed use project

Nov 29 ,2014, city : Dubai

wasl Asset Management Group has announced the launch of a new development that sees it entering Dubai's freehold real estate sector for the first time.

Creek Heights comprises of three components including a fully furnished branded freehold luxury apartment building named Hyatt Regency Creek Heights Residences.
<... more

A CHOCTASTIC Musical Spectacular comes to Dubai this Christmas

Nov 19 ,2014, city : Dubai

Friday 19 December - Saturday 27 December, DUCTAC
Roald Dahl’s timeless story of the world-famous candy man and his quest to find an heir comes to chocolate-covered life.

Roald Dahl's WILLY WONKA follows enigmatic candy manufacturer Willy Wonka as he stages a contest b... more

Songbird Estates says worth $4.4bn, more than Qatar offer

Nov 28 ,2014, city : Dubai

Songbird Estates, the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Property Partners .

The company, in which QIA already has a 28.6 percent stake, re... more

Sharjah’s Rents Soar 23% In First Nine Months Of 2014

Nov 27 ,2014, city : Sharjah

Residential rents in Sharjah surged 23 per cent during the first nine months of 2014 due to a limited supply pipeline and comparative affordability to Dubai, a new report found.

Rents in Sharjah rose 5.3 per cent in the third quarter, marginally lower than 5.7 per cent year-on-year growth recorded in Q2 2014, according to... more

Emirates Hills mansion a dream home – for those who can afford Dh35m

Nov 27 ,2014, city : Dubai

Emirates Hills is one of Dubai’s finest locations, a leafy enclave that sits on the main artery to the city. Its avenues are lined with standalone, individual, mansions that evoke Arabia with this five-bedroom property – a beautiful, spacious, house – a perfect example. All of these attributes come at a premium and the p... more

Doha expats paying 'considerably' more for rent than they can afford

Nov 27 ,2014, city : Dubai

Doha expats are paying “considerably” more for rent than the international benchmark for affordable housing, a new analysis has found.

The average expat, excluding workers with employer-supplied accommodation, spends 34 percent of their income on housing, higher than the accepted definition of affordable housing... more

What factors are driving Sharjah rental surge of 23%?

Nov 27 ,2014, city : Dubai

Though the pace of increase in Sharjah rents has slowed down marginally in third quarter 2014 compared to the second quarter, but overall the lettings market has risen 23 per cent in the first nine months of the year, according to Cluttons latest report.

The increase has been primarily driven by reverse migr... more

Happy 43rd National Day

Nov 25 ,2014, city : Dubai

Witness our 'C' come to life and create your own masterpiece at our hands-on workshop.

Date : 20 Nov, 2014 - 06 Dec, 2014... more

UAE National Day Events at Dubai Mall

Nov 25 ,2014, city : Dubai

Start Date :  27 November 2014
End Date   :  03 December 2014

UAE Flag on the Waterfall
Location: Waterfall Atrium

Face Painters
Location: Mall wide

National Day 2014 at Mall of the Emirates

Nov 25 ,2014, city : Dubai

One of the leading shopping destination, Mall of the emirates with more than 500 shop and brands join the celebration of the This National Day, proudly celebrate 43 years of prosperity at Mall of the Emirates with spectacular performances by talented artists and more.
Date : 25 Nov, 2014 - 04 Dec, 2014


Jumeirah Golf Estates Launches New Residential Units Over Strong Demand

Nov 26 ,2014, city : Dubai

Jumeirah Golf Estates has launched its 15th community at the golf and leisure development, following strong demand for residential units.

The new community will be part of Phase A of development and follows the launch of another residential community Redwood and a clubhouse in the project, the company said in a statement. more

New homes launched at DP World Tour Championship golf estate

Nov 26 ,2014, city : Dubai

Jumeirah Golf Estates on Wednesday said it has launched its 15th residential community, days after hosting the DP World Tour Championship.

Riding on the back of the golf tournament’s success, the developer said the new villas and townhouses had be designed with end-users in mind and would create a new level of entry a... more

Sharjah rents soar on limited supply pipeline: Cluttons

Nov 26 ,2014, city : Dubai

 Dubai: It costs 23 per cent more to rent in Sharjah today than it did at the start of the year, according to property consultants Cluttons.

“Rents in Sharjah continue to face upward pressure, particularly as the supply pipeline remains limited,” the firm said in a statement on Wednesday releasing its Winte... more

Dubai’s impressive skyline, but four towers that we may miss

Nov 26 ,2014, city : Dubai

Dubai’s skyline is ranked among the best in the world, but four tall towers, had they not been put on hold due to the global financial crisis, would have transformed the emirate’s horizon.

A new report by the Council on Tall Buildings and Urban Habitat (CTBUH) states that 50 buildings of 150 meter or taller are ... more

Damac to soon open new hotels in Burj Downtown district

Nov 26 ,2014, city : Dubai

Dubai-based developer Damac Properties will open two new hotels in the Burj Downtown area as it aims to complete over 10,000 serviced hotel apartments by 2018.

‘Cour Jardin’ and ‘Captial Bay’ will open their doors in the next couple of months, with ‘Canal Views’ already operational, the d... more

Dubai developer ditches 'off plan' sale model

Nov 25 ,2014, city : Dubai

The ‘off-plan’ sales model has often been followed by Dubai developers to fund their newly-launched projects, but Wasl Asset Management Group, a semi-government entity that manages more than 30,000 residential units in the emirate, has ditched the finance model, having self-funded and completed the Dh1.7-billion freehold proje... more

Nakheel leases out 90% of Warsan Souk

Nov 25 ,2014, city : Dubai

Nakheel aims to attract young Emirati entrepreneurs to occupy its latest retail development of more than 1,000 shops and restaurants.

The Palm islands developer yesterday launched and leased 90 per cent of its Warsan Souk project close to its vast International City development.

Spread across eight buildings,... more

Emaar Properties Gets Shareholder Nod For Dhs9bn Special Dividend

Nov 25 ,2014, city : Dubai

Shareholders in Emaar Properties , Dubai’s largest listed developer, approved on Monday a special cash dividend totalling Dhs9 billion ($2.45 billion), it said in a statement.

The dividend, which was approved at the firm’s ordinary general meeting, was related to the flotation earlier this year of a stake in Ema... more

Emaar gets shareholder approval for $2.45bn special dividend

Nov 24 ,2014, city : Dubai

Shareholders in Emaar Properties, Dubai's largest listed developer, approved on Monday a special cash dividend totalling 9 billion dirhams ($2.45 billion).

The dividend, which was approved at the firm's ordinary general meeting, was related to the flotation earlier this year of a stake in Emaar Malls Group (EMG), a ... more

Dh1.8bn Abu Dhabi funding deal for royal residences in London

Nov 24 ,2014, city : Abu Dhabi

Abu Dhabi investors have agreed a Dh1.8 billion financing deal to develop apartments next to London’s Buckingham Palace.

The upmarket property developer Northacre, which last year was acquired by Abu Dhabi Capital Management, plans to convert the Grade II-listed Number One Palace Street complex opposite Buckingham Gat... more

UAE developers to start work on Cityscape projects

Nov 24 ,2014, city : Dubai

UAE developers are no longer merely announcing projects at realty exhibitions; they are now ensuring work starts on them at the earliest.

Union Properties, a Dubai-based developer, will commence construction on phase 3 of Green Community in Dubai Investments Park (DIP) by January 2015 with completion expected by June 2017, ... more

74 Nakheel investors write to Dubai ruler over stalled Palm Jebel Ali

Nov 24 ,2014, city : Dubai

A letter signed by 74 investors in Nakheel’s Palm Jebel Ali project has been sent to the office of Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum, highlighting the uncertainly and negative impact the delay in delivering the project has had on the group.

The letter, addressed to His Excellency Mohammed Al Shaibani,... more

No price hike: Emaar's Dubai Creek towers at Dh1,850 psf

Nov 23 ,2014, city : Dubai

Emaar Properties and Dubai Holding, developers of Dubai Creek Harbor at The Lagoons, did not hike sale prices during the launch of their second and third tower of Dubai Creek Residences, real estate agents have told Emirates 24|7.

“We were expecting a five per cent increase, but prices were not hiked. Units facing uba... more

$3m house adapts to changing seasons: Coming to Dubai?

Nov 23 ,2014, city : Dubai

Imagine living in a house that adapts to the seasons and moves, literally, inside itself.

Now imagine the cost? A whopping Dh11 million ($3 million).

The London-based architects behind the house are not reluctant to bring the concept to the Middle East, though they have plenty of enquiries from the US at pres... more

Save Dh300,000 on staff housing

Nov 23 ,2014, city : Dubai

Dubai: A recent study reveals that an average staff accommodation centre with 1,000 employees consumes 2,500 kWh energy and 51,000 litres of water costing Dh1.5 million annually, as well as producing 2,190 kilos of carbon emissions

UAE-based total integrated facilities management company Farnek has conducted what is thought... more

Damac to release more villas at Akoya Oxygen

Nov 22 ,2014, city : Dubai

Damac Properties will release more villas at its Akoya Oxygen master development during the International Real Estate & Investment Show (IREIS) in Abu Dhabi this week.

The 55mn ft2 luxury green community is set around the Trump World Golf Club, Dubai.

“This is a short-term offer to be one of the ear... more

Emaar To Approve $2.45bn Special Cash Dividend For Shareholders

Nov 23 ,2014, city : Dubai

Dubai developer Emaar Properties has called for an ordinary general meeting (OGM) of its board and shareholders on Monday, November 24, to approve a special cash dividend of Dhs9 billion ($2.45 billion), it announced on Sunday.

The special cash dividend follows the “successful” IPO and listing of the Emaar Malls... more

Depa back in the black thanks to busy Dubai hotel construction activity

Nov 23 ,2014, city : Dubai

Depa returned to the black again yesterday as the company benefited from a flurry of hotel building in Dubai and closed down loss-making parts of the business.

The Nasdaq Dubai-quoted interiors company, which is 24 per cent owned by Dubai’s largest contractor Arabtec, reported a net profit of Dh19 million in the three... more

Dubai ruler in Twitter search to honour 43 Emiratis on National Day

Nov 22 ,2014, city : Dubai

DUBAI // Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, has urged the public to suggest people to be honoured on National Day.

He took to Twitter on Friday to ask for nominations for 43 individuals from different fields to be honoured on the UAE’s 43rd National Day on December 2.
... more

Demand for units in Abu Dhabi’s tallest tower remains strong

Nov 21 ,2014, city : Abu Dhabi

Abu Dhabi: With annual rates starting at Dh110,000 for the lease of apartments in Abu Dhabi’s tallest tower, Burj Mohammad Bin Rashid, demand is strong from residents of various nationalities, according to Talal Al Dhiyebi, executive director of asset management at Aldar Properties.

Aldar is the developer behind the 9... more

Rent scam: He got duped, but here's how you can avoid being cheated

Nov 20 ,2014, city : Dubai

A 'freelance' property agent has duped SK, a newly arrived expatriate, who leased a property in Dubai from the scamster using a leading classified website.

Unaware of the fact that real estate agents in Dubai have to be registered with the Real Estate Regulatory Agency, the regulatory arm of Dubai Land Department an... more

Revealed: Where in India are UAE NRIs buying properties?

Nov 20 ,2014, city : Dubai

The UAE-based non-resident Indians (NRIs) are showing keen interest in buying properties back home, primarily driven by a weakening rupee that makes property investment cheaper for them.

About 68.75 per cent of the 22,300 UAE-based NRIs who participated in a survey conducted by Sumansa Exhibitions, the organizers of the Ind... more

Palm Jumeirah to get 15-theatre multiplex

Nov 19 ,2014, city : Dubai

Master developer Nakheel has signed cinema operator Vox Cinemas for Nakheel Mall on Palm Jumeirah, where more than half of the available retail space is now booked, the developer announced today.

Occupying a two-storey, 60,000 sq ft area at Nakheel Mall, Vox Cinemas will feature 15 theatres, including the popular Vox Max bi... more

Dubai’s schools look to leverage their assets

Nov 19 ,2014, city : Dubai

 Dubai: Education has always been big business in the UAE. But with an estimated 77,000 new student positions needing to be added by 2020 in Dubai alone, educational institutions and the businesses backing them are getting quite creative in the way they use their assets — the properties housing the schools — to good use. ... more

Dubai Lagoon Project to be ready next year

Nov 19 ,2014, city : Dubai

 DUBAI The first of the several apartments in the long overdue Dubai Lagoon project by Schon Properties may finally be handed over to investors late next year, a company representative has told XPRESS.

“The first zone of the project is anticipated to be delivered by November 2015 followed by others. The whole pro... more

Sharjah $544m mega project offers 100 year lease to foreign buyers

Nov 19 ,2014, city : Dubai

Sharjah this week launched a new AED2 billion ($544 million) master development, which will be the first project in the emirate to allow foreign investors the right to own properties for up to 100 years.

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, was launched at a V... more

Developer SKAI Says 30% of Viceroy Dubai Palm Jumeirah Completed

Nov 19 ,2014, city : Dubai

Dubai-based property developer SKAI Holdings announced that it has completed just over 30 per cent of construction on its $1 billion Viceroy Dubai Palm Jumeirah development.

The project’s investor and main contractor, China State Construction Engineering Corporation (CSCEC ME), has now begun structural works on level ... more

Does landlord or tenant pay municipality fee on Dubai property?

Nov 19 ,2014, city : Dubai

I live in the UK and own a three-bedroom, 4,200 square foot end terrace townhouse with maids room in the Green Community. I have been letting this to the same tenants for about 10 years. The rent is currently Dh215,000. However, I pay Dh7,992 Emicool declaration load charge and the DEWA surcharge of about Dh800. I have some queries:
... more

Looking to put your child in school? Here are a few general guidelines to follow.

Nov 30 ,2014, city : Dubai

Some people think that you can judge schools by their test scores alone, but schools are about so much more than that.

One of the first things to think about is location. We always encourage parents to consider their local school (or schools) first, for a couple of reasons:

    It is easier to ... more

Come join the fun at the National Day Parade on the Mohammad Bin Rashid Boulevard, 3:00 - 5:00 PM. Everyone is welcome!

Nov 29 ,2014, city : Dubai

Just when you thought it couldn’t get any bigger or better The Parade Downtown Dubai is coming your way this UAE National Day!

Witness Mohammed Bin Rashid Boulevard transform into a stage, where the citizens and residents of the UAE manifest for the celebration of 43 UAE National Day. 

Join Schools, ... more

The ultimate, one stop destination for mothers and children!

Nov 27 ,2014, city : Dubai

Date:    Thursday, 27th - Saturday, 29th November 2014
Duration:    3 days
Category:    Family , Lifestyle    
Venue:    Dubai World Trade Centre
Admission:    Adults- AED 25, Children- AED 15
Telephone:  ... more

The Dubai Property Show takes place 23rd - 28th Nov. Will we see you there?

Nov 23 ,2014, city : Dubai

Date: Sunday, 23rd - Thursday, 27th November 2014
Duration: 5 days
Venue: Dubai International Financial Centre
Admission: Free Admission
Telephone: + 971 4 346 5504

This event is the first of its kind to be held at the Dubai International Financial Centre and is dedicated to the Real Estate marke... more

Do you fear opening your closet because things fall out? Here's a perfect guide for you get organized.

Nov 22 ,2014, city : Dubai

For someone who doesn’t always have the funds to splurge on fashion, I spend an awful lot of time looking at pics of fabulous closets that hold fabulous clothes. So much so that I’ve found what I think are 24 of the best spaces for budgets large and small. And to crank that closet inspiration up a notch, I also wanted to share... more

Remember the fire? 2 years ago today, Tamweel Tower residents lost more than just homes

Nov 18 ,2014, city : Dubai

It is two years ago today that the 34-storey Tamweel Tower in Jumeirah Lakes Towers (JLT) was gutted and its residents stranded on the street in the middle of the night.

On the night of November 18, hundreds of residents lost their homes and they have not returned to what they once called their home in JLT s... more

Sharjah Officially Launches Dhs2bn Tilal City Project

Nov 18 ,2014, city : Dubai

Tilal City, a new mixed-use community being developed over an area of 25 million square feet in Sharjah, is worth Dhs2 billion, its developer said in a statement post its official launch.

The new city is located off Emirates Road, close to the Al Dhaid interchange and will be developed by Tilal Properties.

Ti... more

Sharjah opens up property market to expat buyers for first time

Nov 18 ,2014, city : Dubai

Sharjah is opening its property market to foreign investment for the first time as expatriates are granted the right to buy homes.

Leases of up to 100 years will be granted as the emirate benefits from spillover property demand from neighbouring Dubai.

For the first time in its history, the Sharjah government... more

Damac to release more Akoya Oxygen villas in Dubai at property show

Nov 18 ,2014, city : Dubai

Damac Properties says it will release more villas at its Akoya Oxygen project this week.

A “limited” number of villas at the 55 million sq ft community in Dubai will be available at the International Real Estate & Investment Show in Abu Dhabi from Thursday.

“We have seen an overwhelming ... more

First Shariah-compliant hotel on the Palm

Nov 18 ,2014, city : Dubai

R Hotels, the hospitality management division of the Ajman-based R Holding, has announced plans to invest Dh500 million in a four-star hotel on the Palm Jumeirah.

The hotel is expected to be opened in Q4 2016 launch, which will be a sharia-compliant and four-star resort and spa.

Located on the... more

Dubai's first reserved parking space for green vehicles

Nov 18 ,2014, city : Dubai

We have built a multi-storey car parking building that can accommodate 835 cars. Of these spaces, we have devoted 84 space for green vehicles, mostly electric cars,” Adel Ghafan Saeed, Senior Executive Director, Engineering and Information Communication Technology Division, Dafza, told this website during an interview at the Big 5 e... more

Qatar develops first project in Tajikistan to allow foreign owners

Nov 17 ,2014, city : Dubai

Qatari Diar Real Estate Investment Company, the property arm of the Gulf state’s sovereign wealth fund, has launched its Diar Dushanbe project in Tajikistan, the first development in the Asian country to grant foreigners the right of ownership.

The launch was held at Qatari Diar’s headquarters in Doha and was at... more

Cost of repair to fire-damaged Tamweel Tower soars to $21m

Nov 17 ,2014, city : Dubai

The cost of repairing the fire-damaged Tamweel Tower has reached $21.2 million (AED78 million) according to the latest assessment carried out.

Two years on from the fire that partially gutted the 34-storey tower, the 160-odd property owners are still no further to establishing when the repair work will be carried out, accor... more

Shah Rukh Khan to turn designer for namesake UAE property

Nov 16 ,2014, city : Dubai

Bollywood superstar Shah Rukh Khan will turn designer for the possible re-launch of his namesake ‘Shah Rukh Khan (SRK) Boulevard’ development in Ras Al Khaimah, Emirates 24|7 can reveal.

“SRK Boulevard was supposed to be on Dana Island, but work on the island has not re-started yet. During Shah Rukh’... more

Arabtec Q3 profits fall following company-wide restructuring after Hasan Ismaik departure

Nov 16 ,2014, city : Dubai

Arabtec’s third quarter profit fell by almost a third on costs associated with a companywide restructuring that followed the departure of the former chief executive Hasan Ismaik.

The news drove Arabtec shares down 5.85 per cent in trading to Dh4.02 – 45 per cent lower than its May 14 high when shares reached Dh7... more

Nakheel And Souq Residences Reach Agreement On Palm Jumeirah’s Golden Mile

Nov 16 ,2014, city : Dubai

Dubai developer Nakheel and Souq Residences, which is a joint venture between IFA Hotels & Resorts and Istithmar World, have reached an agreement on the Golden Mile mixed-use development on Palm Jumeirah.

The agreement ends a four-year legal row between Nakheel and Souq Residences, which began with a law... more

Revealed: Where Dubai rents have risen the most

Nov 16 ,2014, city : Dubai

Average rents in Jumeirah Village Circle (JVC) rose the maximum in the last four years, followed by Jumeirah Lakes Towers (JLT) and Dubai Marina master developments, an analysis of Dubai’s official rent index by Unitas Consultancy reveals.

JVC saw rents rising by 68 per cent since October 2010 to November 2014.
... more

Dubai initiative sees 43 stalled projects worth $2.7bn given green light

Nov 16 ,2014, city : Dubai

ai Land Department (DLD), according a senior official.

A total of 43 projects that were stalled have been revived through a DLD initiative called Tanmia, which looks after incomplete projects in difficulty and not progressing, according to Emirates 24/7.

Launched in 2011, the initiative sees DLD play a mediat... more

Dubai restarts 43 projects worth over Dh10 billion

Nov 16 ,2014, city : Dubai

At least 43 stalled projects worth over Dh10 billion have been revived by the Dubai Land Department (DLD) through two of its real estate project revival initiatives, a senior DLD has revealed.

“We have facilitated takeover of 39 projects valued at Dh10 billion by various developers under our Tanmia initiative,” ... more

Dubai’s Drake & Scull profits fall in third quarter

Nov 16 ,2014, city : Dubai

Drake & Scull International (DSI) reported a 16 per cent fall in third quarter profit, dragged down by a drop in revenues in the key market of Saudi Arabia and a legal row over a UAE project.

The contractor reported profits of Dh25.2 million for the three months to September, compared with Dh30m in the same period last ... more

More than half of apartments at Burj Mohammed Bin Rashid tower in Abu Dhabi leased in first week

Nov 15 ,2014, city : Dubai

Aldar Properties, the Abu Dhabi developer, has said that it has already leased 50 per cent of the units at its newly launched Burj Mohammed Bin Rashid tower - the tallest in the capital.

The 474 units across 92 floors came to the market a week ago and have direct access to the World Trade Center Mall, Souk and WTC offices.<... more

Trump golf course to be fully grassed by Q1 2015

Nov 15 ,2014, city : Dubai

Trump International Golf Course in Dubai will be fully grassed by Q1 2015.

And building work on the new clubhouse is expected to start by the end of this year.

The 7,205-yard par 71, 18-hole Championship course, headed by US billionaire Donald Trump, is the focal point of the 42 million square foot Akoya by D... more

Burj 2020: Designing the world's tallest commercial tower in Dubai

Nov 14 ,2014, city : Dubai

 Dubai: The design and identity of the architectural firm for the world’s tallest all-commercial tower in the making — Burj 2020 — could be confirmed in a matter of weeks.

“The competition (for submission of bids) is about to close and only then will details such as the final height would reveal... more

UAE office rents rise on growing occupier demand

Nov 15 ,2014, city : Dubai

UAE commercial real estate sentiment is on the rise, with the growing demand putting upward pressure on rents across the market, according to the Royal Institution of Chartered Surveyors (Rics).

In the UAE, the occupier sentiment index (OSI) fell from +42 to +20, but remains comfortably in positive territory... more

The five day Italian Luxury Interiors Exhibtion kicks off today at the Ritz-Carlton today

Nov 18 ,2014, city : Dubai

The Italian Luxury Interiors Exhibition is set to return with its fourth edition to Dubai on 18-21 November 2014 at the Ritz Carlton, DIFC.

Organized by the Italian Trade Commission, Trade Promotion Office of the Italian Embassy, in cooperation with Confartigianato and CAN – the national Confederation of crafts and SM... more

Hosting your first house-warming party? It may seem intimidating, but with a few tips and tricks, you;ll be on your way!

Nov 17 ,2014, city : Dubai

Hosting your first housewarming party? It can seem a little intimidating at first, but with a few party planning tricks and tips you will be on your way to throwing a stress-free housewarming party!

A casual, outdoor party is a great way to inaugurate your new home, and an even better excuse to meet new neighbors and catch ... more

Did you know? The Dubai World Trade Center was the first high-rise building on Sheikh Zayed Road!

Nov 16 ,2014, city : Dubai

The Dubai World Trade Centre (DWTC)  is a business complex in Dubai, United Arab Emirates, built by Sheikh Rashid bin Saeed Al Maktoum. It is located along Sheikh Zayed Road at the Trade Centre Roundabout. The complex comprises the original tower (built in 1978), eight exhibition halls, the Dubai International Convention Centre and r... more

Lily Allen comes to Dubai for the Emirates' first ever Party In the Park! Check out the link for details!

Nov 14 ,2014, city : Dubai

Welcome to What’s On Party In The Park, a day long festival unlike anything you will have seen before in Dubai.

With multiple stages, award-winning international artists, a party atmosphere and not to mention a famous Dubai brunch by McGettigan’s, the What’s On Party in the Park promises to be a fantastic ... more

The Dubai Racing Season kicks off today, ending with the "world's richest day in racing" on March 28th. Who are you betting on?

Nov 6 ,2014, city : Dubai

In addition to offering the world's richest day in racing, the Dubai World Cup, sponsored by Emirates Airline, Meydan will again offer a full season of racing, November 6 through the Dubai World Cup, March 28.

The season will begin with "Racing at Meydan" a showcase of eight race meetings spread over the month... more

The Global Village opens today and looking for a particular stall in an area of 17million sq ft is a daunting exercise unless you know exactly where to go!

Nov 6 ,2014, city : Dubai

Dubai: The Global Village has been an entertainment fixture in winter for UAE residents for 16 seasons. However, plans to turn the Global Village into a year-round venue have been shelved until the world economic outlook improves and the political upheaval in the Arab world stabilises, Saeed Ali Bin Reda, chief executive.

G... more

Do you spend your time in the kitchen when hosting a party? An open kitchen lets you stay in the thick of things while serving!

Nov 4 ,2014, city : Dubai

The idea of the open kitchen has been around since the 1990s and continues to be popular.

For example, in 2006 the American Institute of Architects (AIA) reported that “the integration of kitchens with informal living space (great rooms) remains a popular design.” The report added that more than half of design f... more

Did you know? The slope at Ski Dubai, at 400 meters, is longer than any indoor ski slope in the UK!

Nov 3 ,2014, city : Dubai

Ski Dubai is the first indoor ski resort in the Middle East and offers an amazing snow setting to enjoy skiing, snowboarding and tobogganing or just playing in the snow. The construction covers an amazing 22,500 square meters covered with real snow all year round. Ski Dubai is related to the Mall of the Emirates and is part of Majid... more

The R&A Rules School 3-Day Course for all Golf enthusiasts, 3rd - 5th Nov. Are you interested?

Nov 2 ,2014, city : Dubai

The R&A is an organisation that aims to help those interested in the game of Golf to develop their interest into a full-fledged passion for the sport and inspire them to play using the best possible standards and practices.

This prestigious Golf school, formed in 2004, will be coming to Dubai to hold a three day class f... more

House hunting in Dubai? Let PropertyZaar show you exactly what you're looking for!

Nov 1 ,2014, city : Dubai

Moving to a new country and setting up house can be very challenging and this is especially true if you are trying to find accommodation for a family. Some companies provide accommodation and some provide an allowance as part of the salary to be used for accommodation. Before you sign a contract, make sure you know what kind of a deal you... more

Homing in on design for world’s tallest office tower

Nov 14 ,2014, city : Dubai

Dubai: The design and identity of the architectural firm for the world’s tallest all-commercial tower in the making — Burj 2020 — could be confirmed in a matter of weeks.

“The competition (for submission of bids) is about to close and only then will details such as the final height would revealed,&rd... more

Values remain stable at Jumeirah Golf Estates

Nov 14 ,2014, city : Dubai

Dubai: Prices at the many residential clusters in Jumeirah Golf Estates have been running stable in recent quarters, with individual units ranging from Dh5.5 million to Dh18 million. The latest launch, that of the Redwood collection in September, has been building up market interest and will looking to the DP World Tour Championship this ... more

Spotlight trained on Dubai’s golf communities

Nov 14 ,2014, city : Dubai

 Dubai: Nothing like a round of golf to throw the spotlight back on Dubai’s pristine greens... and its golfing communities. And if the tee-off involves some of the top players in the business, the level of interest generated can scale up quite a bit.

“As Dubai becomes increasingly linked to major cities aro... more

UAE funding $10bn worth projects in Egypt

Nov 14 ,2014, city : Dubai

The Director of the Coordination Office of the UAE-funded Development Projects in Egypt, Rashid Al Dhaheri, has revealed that the UAE is implementing a number of development projects worth more than $10 billion in 18 governorates.

These projects cover key sectors including energy, housing, urban development and food securit... more

Abu Dhabi’s Aldar Properties Q3 Net Profit Up 41%, Beats Estimates

Nov 13 ,2014, city : Abu Dhabi

Abu Dhabi’s largest property developer Aldar Properties reported a 41 per cent rise in third-quarter net profit on Thursday, beating analyst forecasts.

The builder of Abu Dhabi’s Formula One race circuit made a profit of Dhs584 million ($159 million) in the three months ending Sept 30, compared with Dhs413 milli... more

Quarterly profits up at Aldar Properties ahead of Yas Mall opening

Nov 13 ,2014, city : Abu Dhabi

Aldar Properties profits surged 42 per cent in the third quarter, helped by the soon-to-be-opened Yas Mall.

Net profit for the three months to the end of September rose to Dh579.6 million from Dh407.5 million a year earlier as the Abu Dhabi developer benefited from a growing rental portfolio and a valuation gain on the long... more

Half of units at Abu Dhabi’s Burj Mohammed Bin Rashid rented out within a week

Nov 13 ,2014, city : Abu Dhabi

Abu Dhabi's Aldar Properties announced on Thursday it had rented out half of the residential units in the city's tallest tower - Burj Mohammed Bin Rashid - just one week after it was renamed in honour of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The tower... more

Abu Dhabi's Aldar Properties Q3 net profit up 41%

Nov 13 ,2014, city : Abu Dhabi

Abu Dhabi's largest property developer Aldar Properties reported a 41 percent rise in third-quarter net profit on Thursday, beating analyst forecasts.

The builder of Abu Dhabi's Formula One race circuit made a profit of AED584 million ($159 million) in the three months ending September 30, compared with AED413 milli... more

Is house rent consuming 50% of your salary in Dubai?

Nov 13 ,2014, city : Dubai

Professionals, preferring to live in posh localities such as Dubai Marina, the tallest building block in the world, are sharing apartments or moving out of the master community as rising rents are gobbling up almost 50 per cent of their salaries, according to a real estate consultancy.

“The prices for ... more

Dubai Developer Damac To Focus On Gulf As Q3 Profit Jumps

Nov 12 ,2014, city : Dubai

Dubai-based property developer DAMAC will limit new projects to the Gulf due to turmoil in other parts of the Middle East, the firm said on Wednesday after it reported a 166 per cent jump in third-quarter net profit.

Dubai house prices fell by more than half from a 2008 peak due to oversupply and the emirate’s debt cr... more

Libyan denied UAE property residence visa due to lack of title deeds

Nov 12 ,2014, city : Dubai

I am from Libya and bought an apartment in DIFC in 2013 for Dh1.65 million. I moved into my flat in March this year, having paid the full amount plus registration fees of 4 per cent to DIFC. I also received a letter from DIFC approving my ownership. However, when I went to immigration (to arrange my property investor residence visa) I fou... more

Dubai developer Damac reports 166% surge in Q3 profits

Nov 12 ,2014, city : Dubai

Dubai-based property developer Damac will limit new projects to the Gulf due to turmoil in other parts of the Middle East, the firm said on Wednesday after it reported a 166 percent jump in third-quarter net profit.

Dubai house prices fell by more than half from a 2008 peak due to oversupply and the emirate's debt crisi... more

Dubai's Damac sued by investors over DIFC apartment sales

Nov 12 ,2014, city : Dubai

Two investors have launched separate court action against Dubai developer Damac over the sale of residential properties in the Park Towers apartment building in Dubai International Financial Centre (DIFC).

Amjad Hafeez claims he was deceived by the developer because the net size of the apartment he bought off the plan for A... more

Damac pulls off 98% gain in nine-month revenues

Nov 12 ,2014, city : Dubai

Damac pulls off 98% gain in nine-month revenues
Dubai: The London Stock Exchange-listed Damac Real Estate Development Ltd recorded a near 100 per cent increase in revenues for the first nine months, to total $1.56 billion (Dh5.7 billion) compared with $792.5 million for the same period last year. The numbers were boosted by sales a... more

Mashreq confirms mortgages for Villa Lantana units

Nov 12 ,2014, city : Dubai

 Dubai: Mashreq will be offering mortgage backing for buyers at the Villa Lantana development. This follows an agreement signed with the developer, Tecom Investments. The project — located at Al Barsha South — is due for completion by late next year.

Benefits from the alliance include loans of up to Dh15 mi... more

Shifting nature of hospitality management contracts

Nov 12 ,2014, city : Dubai

Hotel management contracts have emerged over the years as the prevailing business model arrangement in the hospitality industry. However, they remain largely unknown in the hotel investor community and even more so outside that circle.

Management agreements consecrate the principle of the separation between the hotel’... more

Progress on star rating regime for Dubai properties

Nov 12 ,2014, city : Dubai

 Dubai: The pilot programme to introduce a star rating system for buildings in Dubai — and by which facilities management services can be assessed — is at an advanced stage. With all the elements falling into place, it should soon go live, according to a top industry official.

It was in April last that the ... more

What’s On celebrate 35 year with party on the park.

Nov 13 ,2014, city : Dubai

An entertainment pack multi-stage music festival full days with international artist and lots of Activity for all age group. One of the must attend events to pamper yourself. With multiple stages, award-winning international artists, a party atmosphere and not to mention a famous Dubai brunch by McGettigan’s, the What’s On Par... more

Dubai's Burj Khalifa tops costliest apartment deal in Q3

Nov 12 ,2014, city : Dubai

Burj Khalifa, the tallest tower in the world, registered the biggest property deal in Dubai in the third quarter of 2014, as Downtown Dubai, housing the mega tall structure, witnessed five of the top 10 deals.

An apartment in Burj Khalifa sold for Dh28 million, topping the list of 10 costliest apartment deals for the third ... more

Emaar sells Dubai Creek-facing homes for Dh1,850 psf

Nov 12 ,2014, city : Dubai

Emaar Properties and Dubai Holding, the developers of Dubai Creek Harbor at The Lagoons, sold units in the first tower of Dubai Creek Residences for prices between Dh1,400 and Dh1850 per square foot (psf).

“Units facing the Dubai Creek were sold for Dh1,850 psf, while those without the view were sold for Dh1,400 psf,&... more

Dubai developer Union Properties reports sharp profit drop

Nov 11 ,2014, city : Dubai

Union Properties reported a sharp drop in third quarter profit despite several high-profile project launches during the period.

The developer behind Dubai’s Motor City development said third-quarter profit fell 26 per cent to Dh127.9 million from Dh171.9m for the same period the previous year.

The stock... more

Dubai Parks and Resorts to back IPO with Dh4.2bn loan

Nov 11 ,2014, city : Dubai

Dubai Parks and Resorts, the themed leisure venture, will bolster the proceeds of its forthcoming initial public offering with a Dh4.2 billion loan arranged by the US investment bank Goldman Sachs.

The company, which is planning a Dh10.4bn theme park complex in the emirate by 2016, has confirmed that it will seek some Dh2.5... more

Tram to add long-term value to house prices

Nov 12 ,2014, city : Dubai

With the opening of the first phase of the Dubai Tram network on Tuesday, Dubai’s latest infrastructure project is set to add permanent long-term value to residential units in Dubai Marina, real estate consultants Cluttons said.

The 10.6-km route that takes the Dubai Tram around Dubai Marina and along Al Sufouh road i... more

Former Arabtec chief Hasan Ismaik sells stake worth close to $1bn to Aabar

Nov 11 ,2014, city : Dubai

Hasan Ismaik the former chief executive of Arabtec has sold part of his stake in the construction company in a deal worth almost US$1bn.

Abu Dhabi government-backed Aabar Investments has now raised its holding in Arabtec to 34.93 per cent, the DFM said after the close of the market today.

It is not clear if M... more

Abu Dhabi's Aabar lifts Arabtec stake to 34.9%

Nov 11 ,2014, city : Dubai

Abu Dhabi state fund Aabar Investments raised its stake in Dubai-listed construction firm Arabtec to 34.93 percent from 18.94 percent with an off-market trade on Tuesday, the bourse said in a statement.

The trade, which made Aabar the biggest shareholder in Arabtec, was done at a price of AED5 per share, compared to the sto... more

Dubai Meraas unit plans $689m IPO for theme park project

Nov 11 ,2014, city : Dubai

A Dubai company plans to launch a $689 million initial public offer of shares this month as it builds a $2.9 billion amusement park complex which is key to the emirate's drive to expand as an international tourist destination.

Dubai Parks and Resorts, part of the government-owned Meraas investment group, said on Tuesday... more

Dubai’s International Coffee & Tea Festival 2014 set to showcase the WORLD’s Best Baristas, Coffee and Training

Nov 11 ,2014, city : Dubai

As the only dedicated trade event for the coffee and tea industry in the Middle East, the International Coffee & Tea Festival annually hosts the region's only SCAA-certified coffee training, intended to share a wealth of knowledge, experience and cutting-edge techniques with participating professionals and novices, so that they ca... more

Dubai Tram: Road signs and fines you should know

Nov 9 ,2014, city : Dubai

With less than a week to go before the inauguration of the Dubai Tram, Khaleej Times brings to you a list of road signs and traffic violation fines you must be aware of.

This diagram is in reference to junctions used both by vehicles and trams. A vehicle must not, under a... more

Dubai Tram's 11-11 launch: 11 facts to know

Nov 10 ,2014, city : Dubai

On November 11, Dubai Tram will be officially inaugurated. The date is an iconic one: it will be the 11th of the 11th month. With the inauguration of Dubai Tram, 11 tram stations will be served over a distance of almost 11kms. Dubai Tram launches on Tuesday with an initial fleet of 11 trams.

To add to the list of elevens an... more

Which Dubai office areas have double-digit rent hikes?

Nov 11 ,2014, city : Dubai

Six out of the 13 business districts tracked by Knight Frank, a UK-based real estate consultancy, have witnessed rents rising by double digit in the year to September 2014.

The districts that saw annual increases were Business Bay (35 per cent), Tecom C (31 per cent), Dubai Festival City (26 per cent), Emaar... more

Dubai's Union Properties says board did not approve Q3 report

Nov 10 ,2014, city : Dubai

The board of Dubai real estate developer Union Properties did not approve its third-quarter financial report at a meeting on Sunday, and the company will publish it only after making some amendments, it said in a statement on Monday.

Union Properties did not explain the nature of the required amendments. Dubai's bourse ... more

Most rent rises stay below 5% in Abu Dhabi

Nov 10 ,2014, city : Abu Dhabi

Despite the removal of the Abu Dhabi rent cap, rents in most areas of the capital rose by less than 5 per cent over the third quarter of 2014.

According to data published by MPM Properties, the property arm of Abu Dhabi Islamic Bank, more than half of all the rent increases it agreed in the three months to the end of Septem... more

ADCB to back Gulf Capital with $1bn Al Maryah Central project

Nov 10 ,2014, city : Dubai

Gulf Capital’s US$1 billion development of the retail project Al Maryah Central will be financed largely by Abu Dhabi Commercial Bank, its chief executive said.

Gulf Capital through Gulf Related, a joint venture with New York-based Related Companies, is finalising a loan arrangement with the Abu Dhabi lender for 65 pe... more

Damac Towers by Paramount starts to arrive on Dubai landscape

Nov 10 ,2014, city : Dubai

One of the largest construction projects in Dubai is now heading skywards.

The $1 billion Damac Towers by Paramount resort in the Burj Area is to include more than 1,800 units with 1,000 one, two and three bedroom serviced suites and an 800-room 5-star Paramount Hotel when it is completed in 2016.

And Damac P... more

Jumeirah Beach Hotel expansion to go ahead

Nov 8 ,2014, city : Dubai

 The expansion of the Jumeirah Beach Hotel is set to go ahead with the Jumeirah Group, which operates the hotel, now finalising the necessary permits.

“We expect very soon to be able to submit detailed plans to the municipality regarding building and everything. So subject to the normal permits, we hope to be a b... more

Ajman residents at financial breaking point due to rent rises

Nov 7 ,2014, city : Ajman

AJMAN // Rising rents in Ajman are stretching the finances of long-term tenants to breaking point, with many now fearing they could be priced out of living in the emirate.

Although Ajman remains far cheaper when compared with Dubai or Sharjah, prices have risen by up to 27 per cent since July last year, a report from estate... more

'New Abu Dhabi' sees property prices stabilising in Q3

Nov 7 ,2014, city : Abu Dhabi

Property prices in ‘New Abu Dhabi’ have showed signs of stabilisation in the third quarter of 2014 but city center areas saw some upward trend, according to classified website Dubizzle.

Two-bedroom apartments in Abu Dhabi’s Tourist Club area showed a price increase of six per cent shifting ... more

GCC nationals owned 11,761 properties in UAE, Kuwaitis top

Nov 7 ,2014, city : Dubai

Dubai is an ideal location for a second home, or even a primary home, for some Kuwaitis as they are just 90 minutes away by flight. No wonder, Kuwaitis are one of the biggest investors in Dubai’s real estate sector, compared to other GCC countries.

According to figures released by International Property Show (IPS) 201... more

Nakheel tells Q Group to clear dues to start work on Great Britain island

Nov 7 ,2014, city : Dubai

Dubai’s Nakheel has asked the developer of the Great Britain island in The World project to ‘pay their dues if they want to proceed with the construction of the project’.

“The announcement by Q Group on its plans for Great Britain island at The World is misleading and misguided,&rdquo... more

Almost 65% Of Dubai Residents Forced To Relocate Due To Rent Increases

Nov 6 ,2014, city : Dubai

Around 65 per cent of Dubai residents said that they plan to relocate to a new home upon their next lease renewal owing to large rental hikes, a new survey has found.

According to a poll by price comparison site, which surveyed 300 Dubai residents on their rent costs, around 84 per cent of the respondents saw a... more

All 5,300 shops at Dubai’s Deira Islands Night Souk leased

Nov 6 ,2014, city : Dubai

All 5,300 shops and 96 cafes and restaurants at the Deira Islands Night Souk in Dubai have already been leased, according to the developer Nakheel.

The leasing started on Sunday for the project which features shopping spread along 1.9 kilometres of waterfront and is planned to open in the middle of 2017.

&ldq... more

Dubai has done enough to curb soaring property market, says IMF

Nov 6 ,2014, city : Dubai

The Dubai authorities have done enough to temper the emirate’s soaring property market, an IMF official said six months after the fund warned of an “unsustainable” surge in prices.

The IMF sees no immediate need for officials to take further steps to avert a housing bubble after recent measures helped stab... more

84% of Dubai residents facing rent hikes this year - survey

Nov 6 ,2014, city : Dubai

Around 65 percent of respondents to a new survey said they are planning to move to a new home in Dubai due to rent increases, with nearly half facing increases this year of more than 10 percent.

The analysis by, a Dubai-based comparison site for moving and household service companies, was based on an online sur... more

Kuwaitis make up 59% of GCC property owners in UAE

Nov 6 ,2014, city : Dubai

Being only 90 minutes’ flight away from Kuwait, Dubai is an ideal location for a second home, or even a primary home, for some Kuwaitis. No wonder, Kuwaitis are one of the biggest investors in Dubai’s real-estate sector, compared to other GCC countries.

According to figures released by International Property Sho... more

Homes launched for Indians with Dh1,200 monthly salary

Nov 6 ,2014, city : Dubai

The houses may be small in size, but are affordable for those working in Mumbai, India, for a salary of Dh1,200 per month.

Mahindra Lifespaces Developers, the real estate arm of Mahindra Group, has recently launched an affordable housing project under its 'Happinest' vertical at Boisar, near Mumbai.

&... more

Wedding venue coming up on Dubai's 'The World' island

Nov 6 ,2014, city : Dubai

A Dubai-based developer has signed an agreement with Drydocks World, one of the largest shipyards in Middle East, which will pave way to start construction on the island of Great Britain in 'The World' project in Dubai, which will include a wedding venue.

Drydocks World will provide Q Group, the developer of the Gre... more

75% Dubai residents plan to change homes on lease renewal after rent hikes

Nov 6 ,2014, city : Dubai

Nearly 75 per cent of Dubai residents plan to move to new homes on lease renewal due to rent hikes, according to a survey released today.

The results of the survey, conducted by Dubai-based website, showed that as many as 84 per cent claimed rent increase during 2014.

It said nearly 36 per cent o... more

Emaar launches third commercial tower in Jeddah project

Nov 5 ,2014, city : Dubai

Emaar Middle East has launched its third commercial tower in the Emaar Square commercial precinct in Jeddah Gate, Saudi Arabia following the sell-out investor response to the first two commercial towers.

The third tower features a limited number of premium offices set over five floors. In all, Emaar Square has 63 offices in... more

Does Dubai tenant have to settle chiller charges after moving out?

Nov 5 ,2014, city : Dubai

I rented an apartment in Downtown Dubai from February 2013 until January 2014. I am no longer in Dubai but the landlord has contacted me to inform me that they have received a bill for chiller charges from Emaar during the time I was renting the apartment. Am I liable for these charges as I no longer live in Dubai? My contract stipulated ... more

Bollywood magic is a walk in the park

Nov 5 ,2014, city : Dubai

 Dubai: Bollywood movies and its stars have fascinated and enthralled millions cutting across geographies over the decades. But its magic and its seamless connect with audiences have been built within the confines of movie halls or multiplexes.

Can the essence of Bollywood then be transplanted into the brick-and-mortar... more

Earning Dh9K-Dh15K in Dubai, how much rent can you really afford?

Nov 5 ,2014, city : Dubai

Whether you’re new to the city, have spent a few years here, or have been in the emirate for the proverbial forever, rental levels in Dubai impact most of the city’s residents.

Whether you’re a tenant or landlord, the subject is close to everyone's heart in the city. And while most residents would main... more

Ride the Dubai Tram for Dh3

Nov 3 ,2014, city : Dubai

 Dubai: Tickets for the Dubai Tram will cost Dh3, irrespective of the distance travelled.

The 10.6-km tramway, which is on track to open on November 11, is connected to Dubai’s automated fare collection system, Nol.

The Roads and Transport Authority (RTA) had earlier said that the fare for the tram... more

Global Village 'bigger and better' this year

Nov 4 ,2014, city : Dubai

 Dubai: Global Village, the region’s largest outdoor family destination and theme park, is even bigger this year in time for its opening on Thursday, officials said on Tuesday.

Global Village’s 19th season will open this Thursday and run for 157 days until April 11, 2015. It has 70 participating countries f... more

Are rents in Dubai falling? Statistics show otherwise

Nov 4 ,2014, city : Dubai

Contrary to popular belief, rents in Dubai and Abu Dhabi are still edging up, and they increased modestly in September 2014 according to data released by Reidin.

Even as most recent reports published by research houses claim a slow deterioration in Dubai rental rates, statistics and public opinion seem to contradict those c... more

Investors looking beyond Dubai’s residential space

Nov 4 ,2014, city : Dubai

 Dubai: Residential property is no longer the only asset class that wealthy Middle East investors want to park their funds in. These days, they are just as likely to look out for commercial realty or hospitality-specific properties. It all has to do with yields, or to be more precise, the lower growth rates residential investments in... more

GFH Capital sells $25m property in top London postcode

Nov 4 ,2014, city : Dubai

GFH Capital, a subsidiary of Bahrain-based Gulf Finance House has signed an agreement to sell a $25 million prime property in one of London's most prestigious postcodes, it said on Tuesday.

The investment firm said it has sold the Queen’s Gate Gardens property that it had acquired last year. The property is a Grad... more

Emaar has 'project plans for the next 150 years', says Alabbar

Nov 4 ,2014, city : Dubai

Dubai developer Emaar is planning project to last for up to the next 150 years, it’s chairman Mohamed Alabbar told reporters as he emphasised the company’s long-term vision.

Last week, Burj Khalifa developer Emaar Properties and investment firm Dubai Holding launched its latest multi-million project known as Dub... more

UAE Remains Top Pick For Middle Eastern Property Investors – Survey

Nov 4 ,2014, city : Dubai

The UAE’s residential market remains the top pick for investors from the Middle East and North Africa (MENA) region, according to the latest Real Estate Investor Sentiment survey from property advisory firm JLL.

However, the survey also found that the UAE’s residential sector is expected to perform less strongly... more

Removal of rent cap sees housing costs increase across Abu Dhabi

Nov 4 ,2014, city : Abu Dhabi

ABU DHABI // Property prices for newer developments in the capital have stabilised, but they have increased in some city-centre neighbourhoods by almost a quarter, data shows.

There was no rent rise for one-bedroom properties in Mohammed bin Zayed City from the end of June to the end of September, figures from online classi... more

Dubizzle reveals most popular Abu Dhabi property searches

Nov 4 ,2014, city : Abu Dhabi

The Dubizzle website on Tuesday released a list of its most popular Abu Dhabi property searches from the year’s third quarter.

The capital region’s top rental property searches were: over 500K monthly searches for studio apartments in Khalifa City A; Over 200K monthly searches for one bedroom apartments in Moham... more

How surging UAE house prices are creating new millionaires

Nov 4 ,2014, city : Dubai

Property prices in the UAE control many a fortunes, and some of the most prestigious addresses in the country have made individuals millionaires and multi-millionaires.

According to the latest Global Wealth Report 2014 by Credit Suisse, property prices in the UAE shot up the most in the world (among the coun... more

Abu Dhabi’s Tallest Building Named After Dubai’s Ruler Sheikh Mohammed

Nov 3 ,2014, city : Abu Dhabi

The tallest building in Abu Dhabi, rising 382 metres high, has been named after the UAE VP and PM and Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum, official news agency WAM reported.

The directive from President Sheikh Khalifa bin Zayed Al Nahyan, ordered by General Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi... more

Dubai residents ‘pushed to the brink’ by shortage of affordable housing

Nov 3 ,2014, city : Dubai

A dearth of affordable housing is hitting lower and middle income earners in Dubai and harming the city’s competitiveness and ability to attract new residents, a new report from the real estate firm Colliers shows.

A shortage of two-bedroom properties priced between Dh32,000 and Dh54,000 means that a majority of Dubai... more

Dubai needs new homes fast as population grows steadily

Nov 3 ,2014, city : Dubai

 Dubai: With occupancy levels across all available homes in Dubai at a significant 87 per cent, the city will need new homes — and fast.

An estimated 51,000 new homes are likely to enter the market by 2020, but with population growth running at 5 per cent annually, there could soon be a situation where there is n... more

Abu Dhabi housing rents and values will stabilise, says Cluttons head

Nov 2 ,2014, city : Abu Dhabi

Name: Will Neill

Position: Head of Cluttons

Based: Abu Dhabi

Years in industry: 11

What is the asset class and geography you are focused on?

I currently oversee all of the service ... more

Dubai’s Nakheel To Lease 5,000 Shops At Deira Islands Night Souk

Nov 2 ,2014, city : Dubai

Dubai developer Nakheel announced that it is now leasing retail and restaurant spaces at Night Souk, its new shopping destination within the 15.3 square kilometre Deira Islands development.

The Night Souk, stretching 1.9 km along the project’s waterfront, will include 5,000 shops and 96 quayside cafes and restaurants.... more

Developer hires builder for $217m Dubai Wharf project

Nov 2 ,2014, city : Dubai

Dubai Properties has announced the appointment of Engineering Contracting Company as main contractor for its AED800 million ($217.8 million) Dubai Wharf project, part of the Culture Village development.

The real estate developer said in a statement that construction on Dubai Wharf is underway with completion slated for the ... more

Rents in Ajman, UAQ, RAK three times lower than Dubai

Nov 2 ,2014, city : Dubai

Rents in Ajman, Umm Al Quwain (UAQ) and Ras Al Khaimah (RAK) are almost two to three times lower than Dubai’s most affordable communities, according to a new report.

Though Asteco, a real estate consultancy, had stated earlier that rents in Dubai were falling, it said in a new report that the Northern Emirates are wit... more