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Category: PROPERTY

Posted on 01/12/2020

UAE National Day 2020: UAE leaders wish citizens on National Day

UAE leaders marked UAE’s 49th National Day by urging optimism and recalling the nation’s strength on Tuesday. Here’s a look at their messages. President His Highness Sheikh Khalifa bin Zayed Al Nahyan …
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Posted on 30/11/2020

Dubai: Real Estate Sector Signals Signs of Steady Recovery

The Dubai Land Department (DLD) recorded a total of 3,395 sales transactions worth Dh6.93 billion In October 2020, bringing the year-to-date total to 27 …
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Posted on 30/11/2020

Podcast: Sustainability and data drive Abu Dhabi’s real estate in 2020

Real estate investment and advisory firm JLL’s head of research, Dana Salbak on why the capital is a ‘standout’ market for investors …
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Posted on 29/11/2020

Dubai’s real estate sector continues to build momentum

The Dubai Land Department (DLD) recorded a total of 3,395 sales transactions worth Dh6.93 billion In October 2020, bringing the year-to-date total to 27,815 transactions worth Dh57.43 billion, …
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Posted on 29/11/2020

Dubai: Record transactions for ready houses signal strong real-estate recovery

In October 2020, the DLD recorded a total of 3,395 sales transactions worth AED 6.93 billion ($1.89 billion), with 37.2 percent in the off-plan segment and 62.8 percent in the secondary segment. This …
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Posted on 29/11/2020

Modon Properties sets new Guinness World Record with demolition of Mina Plaza towers in Abu Dhabi

Abu Dhabi developer carries out controlled demolition of four high-rise towers as part of redevelopment of Mina Zayed area …
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Posted on 29/11/2020

Top 4 affordable housing developers in the UAE

Dubai South, Jumeirah Village Circle are mainly focused towards serving the needs of the homebuyers, who seek reasonably priced units. Property Weekly lists the top four developers in Dubai who have …
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Posted on 29/11/2020

Ask the Expert: Your property questions answered here

If you plan is to remain in the UAE for the foreseeable future, have a secure job and the funds available, then the time is right for you to buy your first home in Dubai. Many first-time buyers who …
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Posted on 27/11/2020

Meena Plaza demolition: Detours, diversions in Abu Dhabi today

The demolition work on the Meena Plaza Towers in Abu Dhabi will be carried out tomorrow (Friday, November 27) from morning till afternoon (Mina Zayed) will be temporarily closed from 7pm – today …
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Posted on 27/11/2020

I was invincible until I needed a new heart: UAE expat recounts health scare

I always thought I was invincible; I’m young and I’ve always kept in shape. It was very hard for me to accept my diagnosis,” said Al Herani. He had to spend almost two years on an artificial heart …
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Posted on 27/11/2020

Dubai realty deals hit almost Dh4b

Real estate and property transactions were valued at Dh3.9 billion from 1,400 transactions during the week ending Thursday, according to the Dubai Land Department’s weekly report. Sixty plots were …
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Posted on 27/11/2020

UAE- Property market activity, consumer confidence gain traction

Property prices continued to decline in Dubai and Abu Dhabi in the third quarter even as market activity and consumer confidence gained traction with the easing of pandemic curbs and hopes of a sooner …
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Posted on 26/11/2020

$1bln of weekly real estate transactions in Dubai

The real estate and properties transactions valued at AED 3.9 billion in total for 1,400 transactions during the week ending 26 November 2020, according to figures of the Department of Land and …
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Posted on 26/11/2020

Dubai real estate fund ENBD REIT faces ‘significant pressure’; asset value falls

Dubai’s ENBD REIT, a Shariah-compliant real estate investment trust, managed by the asset-management arm of Emirates NBD, has seen a further deterioration in the value of its portfolio due to the …
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Posted on 26/11/2020

New Abu Dhabi creative hub set to create 11,000 jobs by 2031

Abu Dhabi’s media free zone twofour54, home to the regional headquarters of Ubisoft Entertainment and CNN, is aiming to triple the size of the emirate’s media industry over the next decade, as part of …
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Posted on 26/11/2020

New figures show fall in rent prices in Dubai in 2020

There was some good news for tenants this week after it was revealed Dubai apartment rents have dropped 15.9 percent in a year, meaning this could be your big chance to haggle for a discount. In fact, …
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Posted on 26/11/2020

Call for intervention sought for Dubai’s hospitality sector as room rates drop below Dh100 a night

Image Credit: Virendra Saklani/Gulf News Dubai: Only drastic cuts to fees and commissions on hotel bookings can ensure the longer term survival of three- and four-star properties in Dubai …
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