Latest Real Estate News in UAE

Mohammed Bin Rashid Foundation JV Launches Lifestyle Project In Dubai

Sep 30 ,2014, city : Dubai

The Mohammed bin Rashid Al Maktoum Foundation (MBRF) announced that it has signed a joint venture agreement with Nshama, a newly launched developer, to build a lifestyle project in Dubai.

As per the deal, MBRF will extend part of its land bank to Nshama to develop an integrated community project at a central location in Dub... more

Rotana announces hotel project in Istanbul

Sep 30 ,2014, city : Dubai

Hoping to cash in on growing interest among GCC investors in Turkey, Rotana yesterday announced a venture to build a 30-storey hotel, apartment and office tower on the outskirts of Istanbul.

The Abu Dhabi-based hotel chain said that it had agreed to work with the Turkish developer Mar Yapi to build Tri G, a 38,500 square me... more

Dubai may have to spend more in the run-up to Expo 2020, says megaproject expert

Sep 30 ,2014, city : Dubai

In a sense, the UAE has been one big project ever since independence in 1971, a planned exercise in socio-political and economic development that has made the country into a series of interconnected, sophisticated urban centres.

Now, and especially in Dubai, the pace of change has been put into top gear. The megaprojects an... more

Dubai's Mirdif developer says mulling offers for takeover

Sep 30 ,2014, city : Dubai

Dubai Development Co, the company part owned by the government which is responsible for the Mirdif area of the emirate, said on Tuesday it is considering external offers of merger or acquisition.

Following a strategic review and approval from shareholders, the Dubai-listed developer said in a statement that it has already i... more

Dubai Chamber chief hails stability in real estate sector

Sep 30 ,2014, city : Dubai

The head of the Dubai Chamber of Commerce has hailed the current state of the emirate's real estate sector, saying growth is more sustainable than during the previous boom because there is no shortage of housing supply.

Hamad Buamim, president and chief executive of the chamber, said during a wide-ranging interview with... more

Ras Al Khaimah to have new Dh2bn city for Emiratis

Sep 30 ,2014, city : Dubai

A fund created by late Sheikh Zayed bin Sultan Al Nahyan has approved plans to construct a Dhtwo billion city for Emiratis in Ras Al Khaimah within a strategy to build integrated housing areas that include all necessary services.

The Sheikh Zayed Housing Programme will invest Dh2 billion to build the new city that includes ... more

'Everything in Dubai': What Donald Trump Jr wants world to learn from Emirate's rebound story

Sep 30 ,2014, city : Dubai

Dubai’s rebound story is incredible and a great example to the world, a senior executive of US-based The Trump Organisation told Emirates24|7.

“The way Dubai has been able to rebound is just incredible and it’s a great example for the world,” Donald Trump, Jr., Executive Vice-President, The Trump Org... more

Emaar sells Downtown Dubai penthouse for $6.2m

Sep 29 ,2014, city : Dubai

Emaar Properties has sold 72 units in The Address Residence Sky View in Downtown Dubai, which included the sale of a five-bedroom penthouse for $6.2m (AED23 million).

Arabic daily Al Khaleej reported that the average selling price for the luxury units was in the range of AED4,000 per square foot.

The Address ... more

Emaar Malls Group shares to trade at top end of price range on DFM

Sep 29 ,2014, city : Dubai

Demand from global investors for shares in Emaar Malls Group, the UAE retailer that owns the Dubai Mall, has been overwhelming.

The shares will begin trading on Thursday at the top of the price range set by the company and its advisers. At Dh2.9 per share, EMG will have a market capitalisation of Dh37.7 billion on the Dubai... more

Dubai developers focus on affordable home offerings

Sep 28 ,2014, city : Dubai

Usually known for the private beaches, designer interiors, rooftop swimming pools and helipads that come with them, a handful of developers are instead offering Dubai homes to meet a more modest market – ordinary people.

Builders’ merchant-recently turned developer Danube was a prominent presence at Cityscape la... more

Dubai's liquidity may jump on Emaar Malls IPO refund

Sep 28 ,2014, city : Dubai

Dubai's stock market looks set to see an influx of cash this week when Emaar Malls Group (EMG) returns to investors the surplus funds from subscriptions to its initial public offer, which could boost the prices of other stocks.

EMG, a subsidiary of Dubai's largest listed developer Emaar Properties, closed subscripti... more

Chinese developer launches Dubai development

Sep 28 ,2014, city : Dubai

Chinese real estate developer Apex Real Estate Development is set to launch its first residential project in Dubai’s Mohammad Bin Rashid City.

‘The Royal Gardens’ residential project will have 878 residential townhouses and villas units over six million square feet in the District Eleven master development... more

Emaar's 5-bedroom Dubai penthouse sells for Dh23 million

Sep 28 ,2014, city : Dubai

Emaar Properties, Dubai’s largest developer, has sold 72 units in The Address Residence Sky View in Downtown Dubai, with a 5-bedroom penthouse selling for Dh23 million, according to a media report.

The average selling price for the luxury residences were in the range of Dh4,000 per square feet, according to Arabic dai... more

Plan for $40bn Egypt housing scheme nearly complete: Arabtec

Sep 28 ,2014, city : Dubai

Dubai construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.

Arabtec originally announced in March that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provid... more

Aviation hub status driving Dubai's real estate market

Sep 28 ,2014, city : Dubai

Dubai's increasing popularity as an aviation hub is fueling global investor demand for real estate, which has seen property prices rise at the fastest pace in the world, according to Knight Frank.

“Another point to consider is the growing importance of airports in shaping real estate investment. Dubai’s grow... more

First Chinese developer enters Dubai real estate

Sep 28 ,2014, city : Dubai

Apex Real Estate Development, a private development company in Dubai, will launch 'The Royal Gardens', a residential project in Mohammad Bin Rashid (MBR) City - District Eleven master development, thus becoming the first Chinese real estate developer to enter Dubai.

“The Royal Gardens is our inaugural project ... more

Five technology tools everyone in real estate needs

Sep 26 ,2014, city : Dubai

With new technologies continuing to evolve, it has now become essential for real estate agents, developers, buyers, and sellers to take advantage of the features provided by the innovative apps, devices, and technology that are available to support the process of renting and selling real estate.

Lamudi, a global property po... more

Damac to offer special payment plan, prices for UAE nationals

Sep 26 ,2014, city : Dubai

Damac Properties will be offering preferential prices and payment plans to UAE nationals buying in four of its new projects.

The offer, valid on September 27 and 28, will be available at three venues across the country and include Akoya Oxygen master development, luxury apartments in Akoya by Damac, and luxury apartments in... more

Dubai Properties sees scope for more hospitality projects

Sep 27 ,2014, city : Dubai

 Dubai: Dubai Properties will be expanding its hospitality projects portfolio following the response it generated for the venture that will be managed by Anantara Hotel Resorts & Spa in Culture Village.

More residential projects are also on the anvil as the developer surfs the momentum from the launches of Maram Re... more

Dubai Properties sees scope for more hospitality projects

Sep 28 ,2014, city : Dubai

Upbeat market response to Anantara venture confirms its belief, developer says Dubai Properties will be expanding its hospitality projects portfolio following the response it generated for the venture that will be managed by Anantara Hotel Resorts & Spa in Culture Village.

More residential projects are also on the anvil... more

First Chinese developer enters Dubai real estate market

Sep 28 ,2014, city : Dubai

Apex Real Estate Development, a private development company in Dubai, will launch 'The Royal Gardens', a residential project in Mohammad Bin Rashid (MBR) City - District Eleven master development, thus becoming the first Chinese real estate developer to enter Dubai.
"The Royal Gardens is our inaugural project and our m... more

Aviation hub status driving Dubai's real estate market

Sep 28 ,2014, city : Dubai

Dubai's increasing popularity as an aviation hub is fueling global investor demand for real estate, which has seen property prices rise at the fastest pace in the world, according to Knight Frank.

“Another point to consider is the growing importance of airports in shaping real estate investment. Dubai’s grow... more

Dubai’s Taj Mahal replica to open in 2017

Sep 22 ,2014, city : Dubai

Dubai’s Taaj Arabia – a 20-storey glass structure inspired by India's Taj Mahal – will open for the public by early 2017, company Director told  Emirates24|7.

“There has been a delay because we haven’t got certain approvals from Dubai Municipality. We are hopeful to getting them soon. ... more

Multibillion dirham projects unveiled on day one at Cityscape

Sep 21 ,2014, city : Dubai

Property developers in Dubai have unveiled projects worth billions of dirhams on the opening day of Cityscape Global despite a slowdown in the city’s real estate sector.

Visitors picked their way between lavish stands displaying videos of computer-generated images, architects’ models of futuristic cityscapes and... more

Work to resume on Nakheel’s Palm Gateway after six years

Sep 21 ,2014, city : Dubai

Nakheel is to resume work on the landmark development at the entrance to the Palm Jumeirah – more than six years after it was first launched.

The original Dh2.5 billion Palm Gateway was scheduled to be completed in 2011 but became a casualty of the 2008 property collapse, when projects ground to a halt across the emir... more

Meraas beachfront development takes the spotlight at Cityscape

Sep 21 ,2014, city : Dubai

Dubai’s Meraas Holding took centre stage at Cityscape yesterday as its impressive beachfront development captured the attention of its competitors.

People from other stands were taking selfies at the architect model of La Mer, a touristic water- themed project.

Spanning across 9.5 million square feet, L... more

Deyaar unveils $952m 'Midtown' mega project in Dubai

Sep 21 ,2014, city : Dubai

Deyaar Development on Sunday unveiled the masterplan of its upscale AED3.5 billion ($952 million) 'Midtown by Deyaar' project which will include a total of 27 buildings.

The 5.5 million sq feet masterplan comprises two hotels on the northern and southern tips, along with 13 separate residential buildings on the east... more

Dubai's Limitless holds 'positive' talks on debt restructuring

Sep 21 ,2014, city : Dubai

Dubai government-owned property firm Limitless has held positive talks with creditors as it seeks to re-negotiate the terms of a $1.2 billion debt facility which has already been restructured once before, its chief executive told Reuters on Sunday.

"We have a revised business plan which we are discussing with creditors... more

Developer says Zen project in Dubai to start in Q1 2015

Sep 20 ,2014, city : Dubai

Developer Indigo Properties has announced that construction on Zen, its 4.5 million square foot project in Dubai will start in the first quarter of 2015.

The $408 million project in Dubai Golf City, which aims to create a Far East-resort feel, will include 346 three- to six-bed villas plus retail areas, clubhouses, several ... more

What To Expect From Cityscape Global 2014 In Dubai

Sep 18 ,2014, city : Dubai

Dubai’s property market is back with a bang, and signs reminiscent of the pre-crash days are clearly visible – the almost continuous stream of new launches by a myriad of developers; off-plan projects selling in out in a single day; and the re-advent of massive “world’s largest/first/biggest” type development... more

Aldar focuses on retail, homes and hospitality

Sep 18 ,2014, city : Dubai

Aldar Properties is pinning its expansion strategy across retail, residential and hotels over the next five years on an improving economy.

“We have 23 projects in the pipeline for sale and lease in residential, retail [and other segments] across the emirate, though most of our land bank is within Abu Dhabi city,&rdquo... more

New cruise terminal at Abu Dhabi’s Port Zayed to celebrate UAE heritage

Sep 18 ,2014, city : Abu Dhabi

The design of the new cruise terminal at Zayed Port in Abu Dhabi will celebrate the UAE’s cultural heritage.

Unveiled at the cruise event Seatrade Med 2014 in Barcelona, the terminal will feature traditional arabic ornaments, colours and shapes combined with modern architecture, with a lattice-work roof taking the UAE... more

Damac inks deal to rename Dubai Metro's Marina station

Sep 18 ,2014, city : Dubai

Dubai developer Damac Properties has become the latest corporate entity to buy naming rights to stations on the Dubai Metro network.

The Roads and Transport Authority (RTA) said the property company has signed an agreement to put its name to the Dubai Marina station on the Red Line.

Abdullah Yousef, CEO of RT... more

Emiratis invest Dh18.4m in Turkish real estate project

Sep 18 ,2014, city : Dubai

Ideal Sapanca, a UAE-Turkish entrepreneurial company, today announced that its FCC Serenity Villa project located in the picturesque Sapanca Lake region in Turkey has received good response from Gulf nationals with the UAE nationals making up to 26% of the buyers and have already invested Dh18.4 million in the project.

The ... more

Abu Dhabi housing rules' checks begin: 3 per room, 1 family per unit

Sep 17 ,2014, city : Dubai

The Municipality of Abu Dhabi has launched the second phase of its campaign of ‘No to Random Housing’, Emarat Al Youm has reported.

The campaign aims at regulating housing in the capital and the municipality said in a statement that the second phase will include the implementation of the rules and inspections to... more

Location, price (or neighbours): No 1 factor for Dubai property buyers?

Sep 17 ,2014, city : Dubai

There are three things that matter in property: location, location, location, and a new survey conducted by a UK-based online estate agent reaffirms it.

The emphasis for property buyers is location and it is more important than the property itself, said in a new survey, stating 74 per cent of the people surveyed... more

New Online Real Estate Auction Platform Launches In Dubai

Sep 17 ,2014, city : Dubai

A new online real estate auction platform, eZayed, has been launched in Dubai, which will allow for both physical and online bidding on regional real estate.

The new platform – – is RERA approved, and will focus on residential property, also auctioning select commercial real estate, a statement sa... more

Saudi Arabia to consider taxing unusued urban land

Sep 17 ,2014, city : Dubai

Saudi Arabia's Supreme Economic Council, a top policy body chaired by King Abdullah, will study whether to tax undeveloped urban land as part of efforts to end a serious housing shortage in the world's top oil exporter.

Many less well-off Saudis cannot buy their homes or afford rising rents. After social discontent ... more

Seven Tides releases luxury Palm penthouses, prices from $5.5m

Sep 17 ,2014, city : Dubai

Dubai-based developer Seven Tides on Wednesday announced the release of 12 ultra-exclusive penthouse apartments at its Anantara Residences Dubai on Palm Jumeirah, with prices starting from $5.5 million.

Occupying prime positions in both the South and North Towers of the five-star residential community, the penthouses will b... more

Dubai’s property buyers chase value in the making

Sep 17 ,2014, city : Dubai

Dubai: Today’s property buyers, especially the end-users among them, in Dubai are more likely to go in for a ‘value’ location than put their funds in the established communities which are already at the top end of their pricing bands.

This shift towards value buying is being reflected in the latest transac... more

Costliest penthouses in Abu Dhabi? 21 units with world's highest bridge structure

Sep 17 ,2014, city : Abu Dhabi

Residents of these penthouses in Abu Dhabi will have access to swimming pools with waterfalls, lap lanes, islands and a lazy river.

These are the 21 penthouses in Gate Towers on Shams Abu Dhabi on Al Reem Island and Aldar Properties.

Abu Dhabi’s largest developer has set a starting price of Dh7.5 millio... more

Mortgage rules buoy Abu Dhabi property buyers

Sep 16 ,2014, city : Abu Dhabi

Abu Dhabi: An easing of restrictions on mortgage lending is helping more Abu Dhabi residents get into the property market. Gradually, the emirate’s realty is turning into a buyers’ marketplace.

“In 2011, most of the [residential] projects were on hold - now that projects are rolling, we have good movement ... more

Deaf fraudsters used funds to buy Dubai property

Sep 16 ,2014, city : Dubai

A deaf British couple who scammed £900,000 ($1,457,276) off government authorities by pretending the funds were for sign language interpreters used the money to buy an investment property in Dubai, it was reported.

Shahab Reza and his wife Shehnaz, who are both deaf and live in west London, submitted fake invoices to ... more

Abu Dhabi’s TDIC Launches Mega Residential Project In Saadiyat Island

Sep 16 ,2014, city : Abu Dhabi

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, has launched the first residential development in the Saadiyat Cultural District.

Mamsha Al Saadiyat, meaning ‘Saadiyat Walk’, is a 1.4 kilometre beachfront mixed-use pr... more

Dubai’s Emaar Says First Tranche Of Malls IPO Already Covered

Sep 16 ,2014, city : Dubai

Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched.

Dubai’s largest real estate developer is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from ... more

New Dubai online property auction launches

Sep 15 ,2014, city : Dubai

A new Dubai online real estate auction platform has been launched, with the first auction scheduled for December.

Certified by the Real Estate Regulatory Agency, will primarily feature completed residential properties and will allow both physical and online bidding from anywhere in the world, a statement announci... more

Tenants playing 'stabilising role in UAE rents'

Sep 15 ,2014, city : Dubai

 Dubai: Dubai’s property sales values have already seen a decline in growth rates in recent months, and now it could be the turn of rentals to follow suit.

According to Cluttons, the rise in rents within the city’s freehold clusters was limited to 1.4 per cent during the second quarter, compared with the 1.... more

Dubai beats 53 global cities, remains world's hottest property market

Sep 15 ,2014, city : Dubai

The pace of increase in property prices in Dubai has slowed, but compared to 53 other global cities they are still increasing at the fastest pace in the world, according to Knight Frank.

Dubai continues to top the annual rankings for the fifth consecutive quarter, recording an annual price growth of 24 per cent though it ha... more

Rents fall in prime Dubai areas: JBR down 5%, Downtown 3%

Sep 15 ,2014, city : Dubai

Rents in Dubai’s prime communities are falling.

In Jumeirah Beach Residence (JBR), frequent traffic congestion in has dragged down dragging lease rates by up to five per cent in second quarter compared to first quarter 2014, according to a new report.

“JBR has seen rents eroded in the last three m... more

Arabtec’s ex-CEO to sell stake to Aabar

Sep 15 ,2014, city : Dubai

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday

"Ismaik has finalised the sale of a stake in Arabtec to Aabar," the source told Reuter... more

Dubai’s Property Sector Plots Conservative Growth

Sep 14 ,2014, city : Dubai

After a lull of more than two years, 2013 saw Dubai’s residential property prices rebound strongly with prices in some areas even back to pre-crisis levels. Sales prices soared as high as 30 per cent in 2013, fuelled by optimistic sentiment surrounding Dubai’s World Expo 2020 win.

According to property consultan... more

Qatari Diar reveals new luxury seaside project in Turkey

Sep 14 ,2014, city : Dubai

Qatari Diar Real Estate Investment Company said on Sunday it is embarking on a new seaside residential project in Istanbul, Turkey.

The Sea Pearl Ataköy development, which will overlook the Sea of Marmara, will feature 1,474 luxury apartments and a five-star hotel with high-end boutiques featuring global brands and res... more

Japan's Nikken to showcase $12bn projects in Dubai

Sep 14 ,2014, city : Dubai

Japanese architect Nikken Sekkei said on Sunday it will showcase $12 billion projects including some from the UAE and Saudi Arabia at this year’s Cityscape Global exhibition which takes place in Dubai later this month.

The company said in a statement that its pipeline of projects, including developments in Dubai, Saud... more

Dubai’s developers create freehold in traditional neighbourhoods

Sep 14 ,2014, city : Dubai

 Dubai: With sales momentum in their favour, Dubai’s developers are homing in on locations other than the traditional freehold clusters for their projects. Just weeks after Tecom Investment launched a villa project on the upscale Umm Suqeim Road, Jersey Properties has come out with an apartment cluster in Mirdif.

... more

Dubai property price check: What Dh1 million can buy you on Sheikh Zayed Road

Sep 14 ,2014, city : Dubai

Your options are quite limited now if you are looking to buy an apartment in master communities on Dubai’s arterial thoroughfare - Sheikh Zayed Road (SZR).

Eighteen months ago, Emirates 24|7 compiled a list based on asking prices where you could buy an apartment for less than a Dh1 million on SZR, but compared to the ... more

Dubai among world's second home hotspots for multi-millionaires

Sep 12 ,2014, city : Dubai

Dubai is one of the world's hotspots for multi-millionaires looking to buy second homes, according to a new report published on Wednesday.

The report by New World Wealth, a global wealth consultancy firm, named Dubai as the fifth most popular city, ahead of the likes of Paris, Monaco and Miami.

It said a ... more

Revealed: 3 factors influencing property prices in Dubai

Sep 12 ,2014, city : Dubai

The pace of increase in Dubai’s property prices has slowed down in the second quarter 2014 after having shot up by over 20 per cent in 2013, Colliers International has said.

Last week, the consultancy said the rate of growth in house prices slowed down in Q2, with prices rising only three per cent compared with a five... more

Why some Dubai villa residents went to work without a shower today

Sep 11 ,2014, city : Dubai

Residents in Emaar’s villa communities of The Springs and The Meadows are facing water troubles.

Several residents complained about no or erratic water supply this morning, with some going to work without their morning shower.

Residents in these communities took to social networking websites to voice th... more

Hot property: Dubai real estate offers higher return than stocks

Sep 11 ,2014, city : Dubai

The Dubai Financial Market (DFM) is the clear winner if you compare returns earned on the stock and property market on a quarter-on-quarter basis this year. But, investment in Dubai’s property market on a long term has offered more than double the return over stocks.

An analysis done by Colliers International proves t... more

Park Villas project launched Jumeirah Village Circle

Sep 11 ,2014, city : Dubai

Park Investments, a real estate investments company, on Wednesday launched Dh270 million Park Villas in Jumeirah Village Circle (JVC).

The residential development will comprise 93 four-bedroom (G+2) villas with a lift for each villa. The villa sizes range from 3168 square feet 3322 square  feet with an option for swimm... more

Dubai developers sweeten offers with stretched payments

Sep 10 ,2014, city : Dubai

 Dubai: There is a subtle shift going on in Dubai’s off-plan property sales market — enough developers are now starting to turn their attention to potential end-user buyers rather than concentrate all their energies going after the cash-ready investor.

The payment terms on some of the recent launches also r... more

Park Investments Launches New Dhs270m Villa Project In Jumeirah Village Circle

Sep 10 ,2014, city : Dubai

The Dubai Financial Market (DFM) is the clear winner if you compare returns earned on the stock and property market on a quarter-on-quarter basis this year. But, investment in Dubai’s property market on a long term has offered more than double the return over stocks.

An analysis done by Colliers International proves t... more

Pace of growth slackens further for Dubai realty

Sep 10 ,2014, city : Dubai

 Dubai: With the pace of growth in property values recording another decline in the second quarter, Dubai’s real estate dynamic could be back into a more “sustainable” mode.

According to Colliers International’s latest quarterly update on the local property market, value gains were limited to 3 ... more

Emaar unveils plan for more Downtown Dubai luxury homes

Sep 9 ,2014, city : Dubai

Emaar Properties said on Tuesday it is launching two new residential towers connected by a podium in Downtown Dubai.

The developer announced plans to release BLVD Heights, which features 280 luxury one to three-bedroom apartments.

Sales will be held a first-come first-served basis on September 13 in Dubai and... more

Dubai monitoring property brokers to prevent rampant speculation: Rera chief

Sep 9 ,2014, city : Dubai

Dubai is working to prevent rampant speculation in the property market by closely monitoring brokerage activities, according to Real Estate Regulatory Agency (Rera) chief.

“Our mission to control Dubai’s real estate market involves monitoring property brokerage activities closely; preventing rampant speculation ... more

Deyaar Sells Out Units In First Tower At Newly-Launched Montrose Project

Sep 8 ,2014, city : Dubai

Dubai-based developer Deyaar announced that it has sold out all the residential units in the first tower of its recently launched Montrose project.

The majority of units sold at an average of Dhs1.166 per sq ft, it said a statement.

The units are set to be delivered by December 2016.

The recent... more

Crystal giant Swarovski launches 'Sparkle Towers' Dubai project

Sep 8 ,2014, city : Dubai

Dubai-based property developer Tebyan said on Monday it has signed a partnership agreement with crystal giant Swarovski to create Sparkle Towers at Dubai Marina.

Branded as "space marveled by Swarovski", the ultra-luxurious resort-style residential project will feature "exquisite crystal-themed innovations&qu... more

Limitless awards $5.3m contract for Downtown Jebel Ali infrastructure

Sep 8 ,2014, city : Dubai

Dubai master developer Limitless has awarded a $5.3 million contract for infrastructure design and supervision services at Downtown Jebel Ali, its 200 hectare mixed-use community in Dubai.

The developer has appointed Dar Al-Handasah to review and enhance the existing infrastructure design and to oversee infrastructure const... more

Meraas unveils plans for Dh10bn Dubai Parks & Resorts project

Sep 7 ,2014, city : Dubai

Meraas Holding, a Dubai-based development company, on Sunday unveiled the blueprint for Dubai Parks & Resorts project which is coming up in Jebel Ali.
Launched under the directive of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Dubai Parks &am... more

Dubai lays the foundations for mega theme parks

Sep 7 ,2014, city : Dubai

 Dubai: Three theme parks — including one where inspiration will be drawn from India’s Bollywood — will make up the first phase of the Dubai Parks & Resorts master-development in Jebel Ali. For the younger generation (between two to 12 years), there will be the Middle East’s first Legoland park, which is a... more

Dubai’s Limitless Awards Dhs19.5m Contract For Downtown Jebel Ali

Sep 7 ,2014, city : Dubai

Dubai-based developer Limitless has awarded a contract worth Dhs19.5 million for infrastructure design and supervision services at Downtown Jebel Ali, the company announced on Sunday.

The developer has appointed Dar Al-Handasah to review and enhance the existing design and to oversee infrastructure construction, which will ... more

Deyaar plans to build Sharia-compliant hotel in Dubai

Sep 7 ,2014, city : Dubai

Deyaar Development is planning to build a Sharia-compliant hotel and furnished apartment tower in the Al Barsha area of Dubai.

The company confirmed the project, estimated to cost around AED450 million ($123 million), in a statement to the Dubai Financial Market.

Deyaar owns two adjacent plots of land in Al B... more

The World's GB Island resort plans to be unveiled soon

Sep 5 ,2014, city : Dubai

The company behind the Great Britain island on The World Islands, Dubai said on Monday it will shortly unveil plans to turn the island into a luxury resort.

Q Group said the island will feature luxury hotels, private villas and water villas, as well as hotel serviced apartments.

The development plans also inc... more

Dubai’s Amlak Shareholders To Meet Sept 21 On Restructuring Plan

Sep 3 ,2014, city : Dubai

Dubai mortgage lender Amlak Finance said on Wednesday that it would hold a shareholder meeting on Sept. 21 to discuss its restructuring plan and a proposed issue of equity-linked bonds.

Creditors of the company, whose shares have been suspended since late 2008 after it was hit by a local real estate crash and the global fin... more

Danube Properties to launch next phase of Dreamz project in Q4

Sep 4 ,2014, city : Dubai

Danube Properties, the real estate arm of building materials supplier Danube Group, plans to launch a second phase of the ‘Dreamz by Danube’ before December this year, following the rapid sell-out of its debut development project in June, the company's founder and chairman Rizwan Sajan told Arabian Business.

... more

Chestertons chases UAE investors for $223m UK development

Sep 4 ,2014, city : Dubai

Chestertons, the international property agency, is to chase investors in the UAE when it unveils The Landau, an AED821 million ($223.5 million) luxury UK development at an exhibition in the emirate next week.

A boutique collection of just 89 new apartments in the heart of Fulham, the project is scheduled to be completed by ... more

Dubai developers insist lessons learned from 2008 crash

Sep 3 ,2014, city : Dubai

Dubai’s developers and contractors have learned lessons from the recent housing bust which will help to avoid the same mistakes being made again, according to a panel at Construction Week’s Leaders In Construction 2014 event.

Bishoy Azmy, CEO of Dubai-based Al Shafar General Contracting, said: “I think it&... more

Dubai’s brokerage firms feel the squeeze

Sep 3 ,2014, city : Dubai

For the many independent — big and small — real estate brokerage firms in Dubai, they have a fight on their hands. It could be a tussle where many of them will find they are not favourably placed.

Of late, Dubai’s leading developers are showing an inclination to sell direct through their in... more

No such thing as a stalled project in Dubai

Sep 3 ,2014, city : Dubai

The wave of new off-plan launches may be occupying centre stage in Dubai, but stalled projects that are now in revival mode are managing to get a bit of attention too. Rufi Properties, which during the downturn had as many as 14 projects on hold, has plugged into the ongoing momentum to make progress with five of them and another three on... more

Dubai mega-projects are back but laced with realism

Sep 3 ,2014, city : Dubai

 A number of us who have been in the region over the past decade associate the UAE and, more specifically Dubai, with mega-projects, some really successful and some not. Development activity has returned to the UAE over the past 18 months initially starting with Dubai, then Abu Dhabi and, more recently, in the northern emirates.

Housing applications for Saudis abroad suspended

Sep 2 ,2014, city : Dubai

he Ministry of Housing announced the temporary suspension of more than 11,000 housing support applications submitted by Saudis who are outside the Kingdom for more than 90 days until applicants account for their absence.

This stipulation comes scarcely days after the ministry announced housing support for almost 621,000 app... more

Asteco to lease premium office space in Al Saqr Business Tower

Sep 2 ,2014, city : Dubai

 Sean McCauley, Director – Agency, Asteco Property Management.

Al Saqr Property management appoints Asteco as sole agent for blue chip office space in rebranded business tower in prime Sheik Zayed Road location.
Asteco one of the region's leading real estate consultancy and property management firms, h... more

Looking to move into Dubai villa? Latest Rera index reveals where rents are dropping

Sep 2 ,2014, city : Dubai

5-bedroom Palm villas down 23%, 3-beds in Springs fall 25%
A comparison of the final update of Dubai's official rent index reveals a mixed bag for villa communities with Palm Jumeirah and Springs witnessing decline, but the Al Furjan community showing an increase.

The average rent for five-bedroom villas on the P... more

Rents falling by up to 12% in some areas of Dubai

Sep 2 ,2014, city : Dubai

Rents in some areas in Dubai are falling, according to the latest Real Estates Regulatory Agency’s (Rera) rent index.

Figures compiled by Emirates 24/7 show that the rents, when compared to the last update in May, have fallen in Downtown Dubai, where rates are dropping by between 6 percent (for studios) and ten percen... more

Nakheel Opens Its First Community Retail Mall

Sep 1 ,2014, city : Dubai

Dubai developer Nakheel has officially opened Jumeirah Park Pavillion, the first of five community retail malls being built by the company across Dubai.

Jumeirah Park Pavilion, also the first new project to completed by Nakheel post-restructuring, is a 10,600 square metre retail and dining facility that will cater to reside... more

Dubai's Meraas seeks $4bn to fund mega projects

Sep 1 ,2014, city : Dubai

Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday.

Dubai has bounced back rapidly from a debt crisis in 2008, when property prices fell by more than half, and sta... more

Deyaar launches Montrose project

Sep 1 ,2014, city : Abu Dhabi

 Abu Dhabi: Real estate developer, Deyaar Development, announced on Monday the launch of ‘Montrose’, a three-tower project comprising a hotel apartment and two residential towers.

The residential units will be open for sale on Saturday at Deyaar’s new sales and service centre in Dubai’s Business... more

Dubai property firm Meraas seeks up to Dh14.7bn loan

Sep 1 ,2014, city : Dubai

Meraas Holding, a property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion (Dh14.7 billion), sources aware of the matter said on Monday.

Meraas has launched a number of projects in recent months, including a complex that will house five theme ... more