Abu Dhabi’s Bloom Properties begins work on JVC project

Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in ... ( read original story ...)

Bloom Properties Commences Enabling Works of Bloom Towers

Bloom Properties, a Bloom Holding business specializing in the ... Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental ... ( read original story ...)

Property firm owned by Irishman manages $100m in Dubai assets

A Dubai-based property management firm led by Irish businessman Paul Mallee has achieved a milestone of $100 million (€85 million) worth of assets under management and hopes to manage 500 properties by 2020. Maison Prive, founded by Mr Mallee and his ... ( read original story ...)

Bank financing for UAE property increases 6.2% in H1 2017

DUBAI: Bank financing provided to the property and construction sector in the UAE increased by $4.4bn (AED16.5bn) during H1 2017, about 6.2% from the end of 2016. The total bank credit channelled to the sector by the end of June reached $77bn (AED281.2bn ... ( read original story ...)

Bank financing to UAE property sector tops USD76bn in H1

(MENAFN) Bank financing offered to the property and construction sectors in the #UAE reached USD76.5bn amid the first half of the year, growing by Dh16.5bn. Accordingly, funding offered to the sectors covered 19.3 percent of the whole credit channeled to ... ( read original story ...)

Job losses, income cuts weaken property demand in Abu Dhabi

Contractions in household incomes and workforce redundancies in both the public and private sectors have weakened real estate demand in Abu Dhabi, a new report by consultancy Core Savills has found. The residential sales market in the UAE capital has seen ... ( read original story ...)