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Category: PROPERTY

Posted on 17/05/2020

‘Whale’ in Dubai Mall fountain area creates splash on social media

A ‘whale’ in the Dubai Mall fountain area has set social media abuzz. The 10-second CGI video of a whale doing a flip in the Dubai Mall fountain was shared by Emaar, the developer of the property. “,” …
( read original story …)


Posted on 17/05/2020

Property trends: UAE investors, tenants prefer villas amid coronavirus

Demand for villas and townhouses, as well as hotel apartments, in Dubai and Abu Dhabi has gone up in the last few months, as a growing number of UAE residents look to escape crowded buildings and …
( read original story …)


Posted on 17/05/2020

GCC stock markets open higher; Dubai, Saudi lead

Dubai Financial Market index rose above 1,900 points after it gained 0.94 per cent on the first trading day of the week.
( read original story …)


Posted on 16/05/2020

REFILE-Dubai developer Nakheel slashes salaries due to coronavirus crisis

Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters, and its chief executive resigned …
( read original story …)


Posted on 15/05/2020

With Dubai Expo Postponed, Home Buyers to Benefit from Another Year of Price Declines

Now 7% is very much on the optimistic side.” The organization that oversees the world’s fair, the Paris-based Bureau International des Expositions, announced last week that its members passed an …
( read original story …)


Posted on 15/05/2020

Opinion: Is Dubai real estate recovering from lockdown lows?

As estate agencies ease back to work, many of them are capriciously reporting that volumes of instructions, viewings and transactions are climbing off of lockdown lows. This resurgent activity is a …
( read original story …)


Posted on 13/05/2020

Dubai registered record property sales in Q1 2020

Dubai’s real estate sector witnessed the best first quarter in 2020 in the past six years until COVID-19 challenges began during the second half of March, according to a UAE property market report.
( read original story …)


Posted on 13/05/2020

Dubai developer wasl launches property leasing app

Zainab Mohammed, chief property management and marketing officer, wasl properties, said: “The new app is in line with the Smart Dubai 2021 strategy and its objective of promoting technological …
( read original story …)


Posted on 12/05/2020

Al Mazaya Holding unit sells Dubai property for $21m

A major player in the region, Al Mazaya provides a wide spectrum of real estate products and services – from purchasing, apportionment and developing of large areas in select zones to offering …
( read original story …)


Posted on 12/05/2020

Al Mazaya’s unit sells property in Dubai for $21mln

A UAE-based subsidiary of Al Mazaya Holding has signed a contract for the sale of a property in Dubai, with the price value to be paid in cash and in-kind. Upon completion of the sale procedures, the …
( read original story …)


Posted on 12/05/2020

After Impressive Show in Dubai Real Estate, Anthony Joseph Abou Jaoude to Publish First Book

Anyone remotely connected to the Dubai real estate market would be familiar with the name, Anthony Joseph Abou Jaoude. Anthony is the real estate …
( read original story …)


Posted on 12/05/2020

The United Arab Emirates: A key piece in the global money laundering puzzle

A damning new report from the Financial Action Task Force confirms what investigative journalists, anti-corruption activists and whistleblowers have been saying about the United Arab Emirates for …
( read original story …)


Posted on 11/05/2020

Fake Airbnb website scam snares British pilot in Dubai

A British pilot in Dubai has become the latest victim of a sophisticated property rental scam run by cyber criminals using a fake Airbnb website. Less than two months after Indian manager Anamika lost …
( read original story …)


Posted on 11/05/2020

Abu Dhabi announces partial refund for restaurant and tourism property leases

Abu Dhabi has announced a 20% refund on annual commercial property leases for restaurants and for tourism and entertainment facilities, state news agency WAM reported on Monday.
( read original story …)


Posted on 10/05/2020

Dubai property firm fined heavily for violating advertising, escrow account laws

In order to provide the best possible service in a rapid manner and to ensure the comfort and happiness of customers, it has activated a new toll-free call centre number [8004488] for all Dubai Land …
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Posted on 09/05/2020

Coronavirus: how Abu Dhabi’s largest mall is keeping shoppers safe after opening its doors

Abu Dhabi’s largest mall is putting safety first as it welcomes shoppers through its doors once more. Yas Mall reopened last week as part of nationwide efforts to ease restrictions on trade and …
( read original story …)


Posted on 08/05/2020

Dubai clocks 1,824 property sales deals amid Covid lockdown

Despite the Dubai real estate market having to deal with a full lockdown, innovative tools like Live Viewings and Virtual Tours aided in the successful closing of a total of 1,824 transactions worth …
( read original story …)


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