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Category: PROPERTY

Posted on 04/02/2022

Dubai Properties unveils leadership programme

DUBAI — Dubai Properties recently launched the High Potential Leadership Development Programme, incorporating 14 of its future leaders. The programme is part of the company’s strategy to invest in its …
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Posted on 04/02/2022

Property Management Professionals to be in Demand this Year

DUBAI — Demand for property management professionals within the regional real estate sector will rise in 2009, according to Macdonald & Company. In a Press statement issued on Wednesday, the company …
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Posted on 04/02/2022

Emaar offers waterfront properties at Dubai Marina

DUBAI — Emaar Properties is offering a collection of waterfront homes located in Marina Promenade, Marina Quays and Park Island residential projects at Dubai Marina at its central sales centre located …
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Posted on 04/02/2022

Mayfair Launches $50m Distressed Property Fund

DUBAI — Cayman Islands-based wealth management company Mayfair Wealth Management, has launched a $50m Shariah-compliant distressed property fund that seeks to acquire cheap properties in the UAE’s …
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Posted on 04/02/2022

Abu Dhabi prime properties sustain rates

Prime developments in Abu Dhabi sustained rates while old properties witnessed rise in vacancy levels in the third quarter, according to property management company Asteco. Tenants living in Abu Dhabi …
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Posted on 03/02/2022

Abu Dhabi goes digital with ‘Investor Journey’ to ease business set up

Abu Dhabi Econnomic Department brings in digital add ons to speed up business launches Abu Dhabi: Abu Dhabi Department of Economic Development he launched Investor Journey to help with the needs …
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Posted on 03/02/2022

Expo 2020 spurs demand for Dubai South units

Master developer Dubai South Properties handed over almost all its units at The Pulse, an urban mixed-use development comprising 1,400 apartments and 240 townhouses. Due to the project’s success, the …
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Posted on 03/02/2022

Dubai rental market skyrockets into landlord’s favour, experts divided on future

Last year saw property prices make their way upwards following a five year slump that was further exacerbated by the pandemic. Dubai rents see biggest rises since 2014 as villa demand continues “Dubai …
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Posted on 03/02/2022

Renovations revealed at legendary hotel Radisson Blu Dubai Deira Creek

Radisson Blu Dubai Deira Creek has been renovated, bringing a fresh new look and feel to the longstanding property. The hotel opened in 1974 as the first five-star hotel in Dubai. The property’s 288 …
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Posted on 02/02/2022

Up to 2 years’ jail, Dhs20,000 fine for embezzling property pledged as debt security

The UAE Public Prosecution (PP) explained on Wednesday, through a video on its social media accounts, the penalties for the embezzlement of moveable property that is pledged as security for debt.
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Posted on 02/02/2022

Abu Dhabi’s Aldar acquires RAK’s Al Hamra Mall for $111.64mln

Abu Dhabi’s leading developer Aldar has acquired Al Hamra Mall in Ras Al Khaimah for AED 410 million ($111.64 million). The company said in a statement that the 27,000 sq.m. mall, which was completed …
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Posted on 02/02/2022

Dubai prime residential property market records 3rd highest growth in 2021

Alongside a return to offices, education and travel will also deliver growth to all major cities.” Dubai property prices still undervalued Swapnil Pillai, Associate Director, Middle East Research said …
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Posted on 02/02/2022

Outlook: Dubai property market likely to face headwinds in 2022 – CBRE

Dubai’s residential property market is likely to face some headwinds this year compared to past 12 months, but villa and apartment sales will remain strong in a post-pandemic world, according to the …
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Posted on 01/02/2022

Nakheel hires builder for sold-out Dubai homes project

Dubai property prices forecast to close in on 2014 peak this year Launched in May, homes in the Murooj Al Furjan community are set among extensive green spaces, walkways and amenities including …
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Posted on 31/01/2022

UAE’s property market stays strong in 2021 despite pandemic

Despite the uncertainty caused by the onset of a number of Covid-19 variants, the UAE’s property market has seen a marked upturn in performance in 2021, according to leading real estate advisory firm …
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Posted on 30/01/2022

Dubai property sector gains pace as realty deals reach Dhs4.9 billion

A total of 1,724 real estate transactions worth Dhs4.9 billion were conducted during the week in Dubai, according to figures released by the Dubai Land Department.
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Posted on 30/01/2022

UAE: FAB Properties collaborates with Ades to enhance power productivity

FAB Properties, a unit of the UAE’s largest lender First Abu Dhabi Bank, is cooperating with Abu Dhabi Energy Services in order to minimize water and …
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