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Category: PROPERTY

Posted on 10/01/2021

Dubai property sales top $5.99bln in Q4 2020

A record 2,485 secondary and ready property transactions worth 6.12 billion UAE dirhams ($1.67 billion) took place in December, 2020, taking the total value of the fourth quarter sales to over 22 …
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Posted on 10/01/2021

$1.17 billion of real estate transactions in Dubai in a week

Dubai According to the Department of Land and Property in Dubai, 109 plots were sold for AED438.22 million ($119,301,976), 1,035 apartme …
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Posted on 10/01/2021

Dubai’s latest super-tall rises dramatically

Uptown Tower will join an elite group of the world’s highest mixed-use structures Followers of super-tall architecture are no doubt watching the rapid growth of Uptown Tower, destined to be the ‘jewel …
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Posted on 08/01/2021

How Palm Jumeirah is starting to emerge from Dubai’s property price downturn

Both apartment and villa prices on the world-famous Palm have increased in the six months to November despite overall declines in Dubai’s market …
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Posted on 07/01/2021

Transtelecom connects residential complex Abu-Dhabio Residences

Kazakhstan operator Transtelecom has started connecting to its network the residential complex Abu-Dhabi Residences based in the city of Nur-Sultan. Work is carried out under a contract with the …
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Posted on 05/01/2021

Dubai’s residential property prices, rents plummet in Q3

Residential property prices in Dubai declined on average by 0.9 per cent year-on-year (Y-o-Y) in the third quarter of 2020, the UAE Central Bank said in its quaterly report citing data from the Dubai …
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Posted on 04/01/2021

Dubai’s competitive market brings the best out of you, says W Dubai – The Palm’s Peter Katusak Huzsvar

Huzsvar, who swapped Accor’s SO/Vienna for Marriott’s W Dubai – The Palm in August.  Yes, we forgot to mention it was also the height of summer when he moved to the UAE. However, the general manager …
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Posted on 04/01/2021

Dubai’s property market starts 2021 with bumper Dh750m+ deal for Downtown tower

A European fund has bought the Sky View tower in Downtown Dubai for Dh750 million plus from Emaar, further confirming increased buyer activity in UAE’s commercial real estate assets. The Sky View also …
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Posted on 03/01/2021

Why Should Hotel Rooms Be Your Next Property Investment?

When you think about investing in property, the typical property types that would come to mind are houses and apartments or flats. Residential property for sale in Dubai, for example, certainly sounds …
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Posted on 03/01/2021

Aldar to sell The Westin Abu Dhabi Golf Resort & Spa

Aldar Properties has agreed to sell the the Westin Abu Dhabi Golf Resort & Spa and Abu Dhabi Golf Course for US$49 (AED180m). The complex, in the Sas Al Nakhl area of the capital, is being sold to a …
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Posted on 03/01/2021

PROJECTS: Dubai’s DAMAC announces completion of foundation works for Zada Tower

Foundation works at DAMAC Properties’ Zada Tower Project in Business Bay. More than 9,000 cubic metres of concrete and 1,600 tonnes of steel reinforcement were used complete the foundation. Dubai’s …
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Posted on 03/01/2021

Aldar Properties sells Abu Dhabi Golf Complex for Dhs180m

Aldar Properties has agreed to sell the Abu Dhabi Golf Club Complex, including the Westin Hotel and the Abu Dhabi Golf Course, to an undisclosed investor for Dhs180m. The complex, which also includes …
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Posted on 03/01/2021

Dubai’s Al Jaddaf area gets an Occidental property

Dubai’s Al Jaddaf area is one of the most up-and-coming spots in the city, with a number of new hotels opening recently. In November Rotana opened its 35th property there with Marriott introducing its …
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Posted on 02/01/2021

Aldar Properties sells Abu Dhabi Golf Complex including the Westin Hotel for $49mln

Aldar Properties has agreed to sell the Abu Dhabi Golf Club Complex, including the Westin Hotel and the Abu Dhabi Golf Course, to a financial investor for AED 180 million. The sale, which has a …
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Posted on 01/01/2021

Aldar Properties sells Abu Dhabi Golf Complex including the Westin Hotel for AED 180 million

Divestment is in line with Aldar’s asset management strategy to actively pursue profitable investment exits and redeploy capital into growth opportunities …
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Posted on 01/01/2021

Aldar Properties to sell Abu Dhabi Golf Complex for Dh180m

Abu Dhabi’s Aldar Properties made its second major divestment in recent days, agreeing to sell the Abu Dhabi Golf Club Complex, which includes a Westin Hotel and Abu Dhabi Golf Course, to an investor …
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Posted on 01/01/2021

Dubai: How to become an AirBnB host? Earn extra income on your home in 2021

Dubai: Looking to kick-start 2021 by injecting some cash into your earnings? A simple, and relatively easy way to do so is by becoming an AirBnB host. In Dubai, home owners and tenants can put up …
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