(MENAFN – Khaleej Times) Prolonged economic headwinds have meant that Abu Dhabi’s real estate market has continued to stagnate during 2017, with the majority of sale and lease activity driven by affordability and incentives being offered by landlords and …
( read original story …)
Gemini Property Developers Begins Construction of 29-Storey ‘Symphony’ Luxury Project at Business Bay
Gemini Property Developers, a Dubai-based boutique real estate developer, today broke ground and began construction of its 29-storey ‘Symphony’ tower in Dubai’s Business Bay. The tower is the second of a series of high-end luxury residential projects …
( read original story …)
Dubai Among Top 30 Global Cities for Commercial Real Estate
Dubai breaks into the Top 30 Global Cities ranking for the first time, according to JLL’s annual Global Cities Ranking, ‘Global300’ survey focused on evaluating 300 cities that are centered around commercial real estate activity. Ranking 27th place …
( read original story …)
UAE oil major looks to build regional ‘credibility’ with IPO
Carey also told reporters the group would look to expand its fuel stations into Dubai and Saudi Arabia next year … shortly after the bell versus an IPO price of 2.50 dirhams per share. ADNOC’s fuel-distribution IPO is set to become the first of many …
( read original story …)
UAE FMA launches Emiratisation programme
The UAE Financial Markets Association, UAE FMA, has announced the launch of the ‘Emiratisation Optimal Performance Scheme’ to encourage and support the local banking industry in implementing efficient nationalisation strategies. The programme launch in …
( read original story …)
Affordability, incentives driving Abu Dhabi real estate
The rental market has been relatively more buoyant than the sales market, with higher levels of activity compared to this time last year, stated Cluttons in its Winter 2017/18 Abu Dhabi Property Market Outlook report. A lot of demand stems from households …
( read original story …)
Dubai’s Amanat eyes $490m spend on healthcare, education
Amanat Holdings has about 1.8 billion dirhams ($490 million) to spend on acquisitions in healthcare and education as the Dubai-based investment firm expands across the Middle East. The company is looking “at a couple of acquisitions” and “the pipelin …
( read original story …)
Developers go all out to woo property buyers
The promoters behind City Properties, which was launched in 2016, have over 20 years’ experience in property management in Dubai and handle over 90 buildings and 5,500+ properties in the city. The average sales price at Al Haseen Residences is Dh1,000 …
( read original story …)
Yep, The UAE Is Adopting Tech Faster Than The West
An HSBC Study has found that the UAE is embracing digital adoption faster than West in all areas of life including financial services. HSBC’s new global research report, Trust in Technology, which includes research from over 12,000 people in 11 countries …
( read original story …)
A Roaring Success: Dubai Technology Entrepreneur Centre (DTEC)
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. November was a busy month for Dubai Technology Entrepreneur Centre (Dtec), a tech startup hub developed by Dubai Silicon Oasis Authority (DSOA), the regulatory body …
( read original story …)
Dubai’s new Al-Khail bridge to open in Jan 2018
The project, contracted to UAE property giant Emaar, is in the final stages of completion in preparation for opening, RTA officials said. The new bridge aims to accommodate a huge influx of traffic from a massive expansion of Dubai Mall undertaken by Emaar …
( read original story …)
Dubizzle Reveals Popular Properties in Close Proximity to Dubai Water Canal
dubizzle Property has revealed the average rental and sale prices of properties in six hand-picked areas located on either side of the Dubai Water Canal, which recently completed its one-year anniversary. Inaugurated in November 2016, Dubai Water Canal is …
( read original story …)
International Property Show 2018 Set To Drive International Sales Through Its Country Pavilions
The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is set to take place in Dubai from 9th to 11th April 2018 at the Dubai World Trade Centre, where it will be driving …
( read original story …)
Meliá Hotels Announces ME Dubai Hotel
ME by Meliá has announced its debut property in the Middle East with the launch of ME Dubai at the end of 2018. Designed by late architect, Zaha Hadid, ME Dubai is set to become a legacy hotel. It is the only hotel project where she personally designed …
( read original story …)
Solar power reaches Dubai’s chickens
A new solar power plant has been installed at Emirates Modern Poultry (Al Rawdah) farm in Dubai, providing power for more than 45,000 birds. The poultry farm, located 40 kilometres from Dubai, spans 538 hectares and is the UAE’s first such facility to …
( read original story …)
Cluttons: Affordability And Favourable Payment Terms Driving Activity In Abu Dhabi Real Estate Market
Residential Market Cluttons Winter 2017/18 Abu Dhabi Property Market Outlook report indicates that the rental market has been relatively more buoyant than the sales market, with higher levels of activity compared to this time last year. A lot of demand …
( read original story …)
Business Confidence in Dubai Improves on Stronger Demand
Businesses in Dubai are more upbeat about the final quarter of 2017 compared to the previous quarter, driven by increased demand during the winter months. The quarterly survey of Dubai Economy showed the composite Business Confidence Index (BCI) in the …
( read original story …)