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Category: PROPERTY

Posted on 19/03/2021

Dubai sets up tribunal to resolve inherited property dispute

The members of the tribunal will include legal, financial and real-estate experts and its head will be named by the chairman of the Dubai Judicial Council. The decision authorises the special tribunal …
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Posted on 18/03/2021

Practical tips for property buyers and investors in Dubai

While Dubai’s real estate sector is enjoying an increase in completed residential properties, there are many elements that a new purchaser should be aware of when considering purchasing a property …
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Posted on 18/03/2021

How Dubai’s 2040 master plan will resolve oversupply in property market

The new 2040 Urban Master Plan, which seeks to make Dubai the world’s best city to live in, will finally address the huge housing supply glut in the emirate, according to a property analyst. The …
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Posted on 17/03/2021

Middle East stocks: UAE bourses fall as banks drag, ex-dividend stock hits Qatar

(Reuters) – Stock markets in the United Arab Emirates (UAE) traded lower on Wednesday, dragged down by banking shares, while the Qatari index was pressured by Qatar Navigation trading ex-dividend.
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Posted on 17/03/2021

REFILE-Abu Dhabi asks banks to pay $800 mln for airport project guarantees – sources

It could pressure balance sheets of banks already heavily exposed to the construction sector in the United Arab Emirates, sluggish for years amid a slowdown in infrastructure and property projects.
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Posted on 16/03/2021

DLD’s bulletin highlights resilience of Dubai property sector

In apartment sales, Dubai Marina, Business Bay … Exhibitors at Cityscape Abu Dhabi, the UAE capital’s leading property investment and development event, have identified the emirate’s emerging trend …
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Posted on 16/03/2021

Abu Dhabi asks banks to pay $800 mln for airport project guarantees – sources

State-owned Abu Dhabi Airports has called on almost 3 billion dirham ($816.82 million) worth of guarantees issued by local banks on behalf of contractors working on an airport expansion project …
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Posted on 16/03/2021

After a Down Year, Dubai Sees Few Luxury Building Launches in Coming Months

Dubai’s luxury residential market had a tough year in 2020, as the Covid-19 pandemic upended supply and demand. As a result, the city’s housing prices continued to fall in the past year. The total …
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Posted on 15/03/2021

Abu Dhabi’s Aldar offers to buy majority stake in Egypt’s SODIC

Abu Dhabi real estate giant Aldar Properties has offered to buy a majority stake in Egypt’s Six of October for Development and Investment Company (SODIC), a company valued at EGP 6.6 billion ($420 …
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Posted on 15/03/2021

JC Maclean wins $32.6m contract for interior fit-out of Reem Mall, Abu Dhabi

Reem Mall is being developed by Al Farwaniya Property Developments LLC … along with what’s billed as the world’s first indoor snow park, Snow Abu Dhabi. The total built-up area of the mall is said …
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Posted on 14/03/2021

Urban Master Plan to boost Dubai’s real estate market under Dubai 2040

The plan focuses on using available spaces within the limits of the current city and concentrates on development within existing urban areas …
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Posted on 14/03/2021

Aldar Offers to Buy Stake in Egypt’s Sodic; Shares Climb

The offer values the Egyptian property developer, known as Sodic, at about $420 million. Aldar is seeking a minimum 51% stake in Sodic, with an indicative purchase price of 18-19 Egyptian pounds per …
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Posted on 14/03/2021

UAE: Man ordered to pay Dh465,000 to wife for transferring cash without her consent

The Abu Dhabi Appeals Court has upheld the earlier ruling of the … The wife said she had given the powers of attorney to her husband to manage her properties and bank accounts and stocks. She said …
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Posted on 11/03/2021

JC Maclean International FZCO on the delivery of AED 120 million fit-out contract for Reem Mall, Abu Dhabi

JC Maclean International FZCO, one of the leading holistic interior fit-out companies in the UAE, takes part in delivering a contemporary world-class retail project, Reem Mall, Abu Dhabi as its …
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Posted on 11/03/2021

Mansion Global Daily: Rome Ends the Year on a High Note, Property Transactions up in Dubai, and More

According to Data Finder, Property Finder’s analytics team, real estate transactions in Dubai in February were up 15.6% month-over-month, with the value of those transactions also rising 10.6%, in …
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Posted on 10/03/2021

Billionaire ruler of Dubai’s ‘hideaway’ Scottish estate expands with two new waterfront lodges and building work beginning on a third amid fears for his missing princess daughters

Maktoum, who only visits the Inverinate retreat in Wester Ross a few weeks of the year, is extending the plot to around a quarter of a mile.
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Posted on 10/03/2021

UAE: Tenant steals 12 air conditioners from villa landlord sues for Dh100,000

An Abu Dhabi landlord filed a lawsuit demanding that a tenant pay Dh100,000 as compensation for stealing 12 split-unit air conditioners as well as aluminium staircase bannisters from a villa belonging …
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