DAMAC Properties said it would assess the extent of the damage to reassure residents that all their properties are fully insured, and support stakeholders in thorough assessment and processes where …
Dubai: More developers offer free repairs to rain-damaged homes
More Dubai developers have come forward to support their communities after torrential rains this week caused massive flooding and damage to vehicles and properties. They assured to provide repairs to …
So sheik: inside Abu Dhabi’s most expensive apartment
The Wizard of Oz star Judy Garland had this home built by Californian architect Wallace Neff in 1938, when she was just 16 years old. The estate in the posh Los Angeles enclave of Bel-Air has hit the …
Dubai developer Emaar offering free repairs for flood-damaged homes
A number of property developers in Dubai have said they will repair flood-damaged homes in their communities at no cost to residents. Developers Emaar and Mag said on Friday they would be paying for …
Dubai property developer Emaar announces free repairs for storm-damaged homes
The generous move from the Dubai property developer lifts the financial burden for residents in many of the city’s communities. This week, the UAE suffered its worst ever storm in its history as a …
Emaar announces free home repairs for damage caused by Dubai rains
Dubai property developer Emaar has announced it will repair damage to homes caused by heavy rain in Dubai free of charge. The announcement was made by Emaar’s founder Mohamed Alabbar, who said “Emaar …
Aldar Properties partners with Siemens to make Saadiyat Grove
Aldar Properties has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, …
UAE Property: ‘Does the Rera rent index apply to furnished apartments?’
Question: We rent a new furnished apartment in Dubai. Most residents are coming to the end of their first annual contract and have been informed of a 10 per cent to 15 per cent rent increase. However, …
Dubai real estate: Residential property market surges to $110 bn in Q1, says report
Building upon the record-breaking achievements of 2023, Dubai’s residential market continued its upward trajectory in Q1 2024, with an impressive 37,134 transactions totalling $109.8 billion, a new …
Alpha Dhabi to sell 49% stake in construction unit to ADQ
Abu Dhabi-listed Alpha Dhabi Holding will sell a 49 per cent stake in its construction subsidiary to investment conglomerate ADQ as the UAE capital focuses on growing its infrastructure as it …
residential development
An Abu Dhabi backed property group has bought Westminster Tower – the building which formerly housed Brexit’s Vote Leave headquarters – for £41m with plans to turn the office block into a new …
Rising rents in Dubai: Speculators, holiday home owners opting for long-term rentals of their properties
Speculators and holiday homeowners who used their Dubai properties just a couple of times in a year are increasingly opting to rent for full-year it out to..
Dubai: Flipping virtually non-existent in residential property
Farooq categorises flipping where a property has been sold in under one year. “Most of the buyers are pretty mature and they have a long-term vision and to diversify their investments in Dubai for …
UAE real estate: Ajman property transactions hit $398mn in March
Official statistics show real estate transactions in Ajman totalled 1,169 in March, representing a nearly 50 percent increase compared to the same period last year. The total value of these …
Inside Mukesh Ambani’s son Anant Ambani’s villa worth Rs 640 crore in Dubai
The luxurious villa is spread over 33,000 square feet of land. That has 70-metre-long private beach and is furnished with sober Italian marble. These business magnates are known for owning not just …
Abu Dhabi, Dubai Property Transactions Sustain Momentum in Q1 2024
MENA’s leading property portal has revealed key data from its Market Watch digest report for Q1 2024. While Abu Dhabi recorded spikes in ready property transactions, Dubai sustained a growing interest …
Dubai real estate trends: Best areas for villa and apartment investments revealed; off-plan v ready property sales increases, rental yield hits 7.3%
Dubai real estate is thriving at the start of 2024, but which areas have seen biggest price rises in the past year?