Latest Real Estate News in UAE
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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, eMoov.co.uk said in a new survey, stating 74 per cent of the people surveyed... more
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 – www.ezayed.com – is RERA approved, and will focus on residential property, also auctioning select commercial real estate, a statement sa... more
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
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
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
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
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
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
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
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
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, eZayed.com will primarily feature completed residential properties and will allow both physical and online bidding from anywhere in the world, a statement announci... more
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
more
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
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
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
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
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
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
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
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