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Category: PROPERTY

Posted on 14/01/2021

Dubai Saw Drop in Sales Prices in 2020

Average sale prices in the city, which have been sinking for half a decade, dropped 8% year over year. But despite last year’s dip, Dubai sale prices are still 20% above where they stood in 2010-11, …
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Posted on 13/01/2021

IHC’s unit acquires 60% of Afkar Financial and Property Investment

Abu Dhabi – IHC Industrial Holding, a wholly-owned subsidiary of International Holdings Company (IHC), has completed the acquisition of 60% of the share capital of Afkar Financial and Property …
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Posted on 13/01/2021

UAE property market to decline further as oversupply hits close to 1mln units

Property buying in the UAE may have picked up in recent months, but the market is set to experience further declines this year due to an oversupply of residential units, which reached nearly 1 million …
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Posted on 13/01/2021

Aldar posts loss as slow sales bite market

Abu Dhabi?s biggest property developer, Aldar, posted a $214.9 million loss for the first half of this year as slow property sales continued to blight the market.
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Posted on 13/01/2021

Dubai developer Seven Tides recorded sales worth $152mln in 2020

Dubai-based property developer Seven Tides International sold properties worth $152 million in 2020 and expects to see even more purchases this year. Russian, British, French and Indian investors were …
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Posted on 12/01/2021

Accor Group announces opening of new property in Deira, Dubai

The Aparthotel Adagio Dubai Deira has opened for business according to Accor Group. Billed as a living concept, the property aims to offer guests an ‘unforgettable home away from home’ experience with …
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Posted on 12/01/2021

UAE portal publishes property transaction data in ‘massive step’ towards transparency

Buyers and sellers in the UAE are being given access to detailed property transaction and trend data for the first time, in what’s being described as a “massive step forward” for the region’s real …
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Posted on 12/01/2021

The full guide to renting a home in Dubai in 2021

With Dubai being an international hub, renting is an important aspect which must be given careful thought and consideration to […] …
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Posted on 11/01/2021

Dubai real estate deals reach near 7-year highs at the end of 2020

Transactions in the secondary market of Dubai’s property sector hit near seven-year highs in the last two months of 2020, according to new research. Data Finder, the real estate insights and data …
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Posted on 11/01/2021

A new 48-storey hotel has opened with sweeping views of Dubai’s Palm Jumeirah

The property includes 264-rooms and suites, and is easily accessible to major business and transport hubs within the emirate.
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Posted on 11/01/2021

UAE stocks gain Dh5.4 billion in market cap

Driven by banking and realty blue chips, the UAE stock markets continued their upward streak Sunday, with Abu Dhabi’s main index touching 5,176 points, up 0.24 per cent over the Thursday session, and …
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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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