A Dubai Court of First Instance heard a 24-year-old Emirati policeman testify that in November 2019, he was patrolling on Jumeirah Road past midnight with his colleague, when he saw a four-wheel-drive …
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Three key Dubai Metro Stations are getting upgraded
Construction at three key stations will improve passenger experience and increase safety during peak hours. Work is being undertaken on the Dubai Metro Red line at stations including UAE Exchange, …
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UAE commercial property market to take a hit as office work is changing
With coronavirus cases still being reported and many offices continuing the work from home (WFH) policy , the commercial real estate sector in the UAE could face some pressure next year, an industry …
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KT Exclusive: Israeli investors eye UAE property deals
Individuals and Israeli institutions are willing to invest in Dubai real estate once the two countries will finalise details to establish diplomatic …
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Dubai Metro Red Line stations upgrade work 40% complete
The scope of works include the construction of an additional Western entrance at Dubai Internet City station and improving the link between Damac Properties station and Dubai Marina Tram station to …
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UAE-Israel treaty will boost trade, drive real estate market
Dubai real estate sector seen to benefit most; more investment set to be attracted from untapped market in region …
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UAE investors rush to snap up real estate in ‘safe haven’ London
UAE buyers are flocking to the London property market as the UK records its highest ever sales. The British capital is attracting Dubai buyers who are looking for a second home to diversify their …
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Developers offers relief for Dubai property owners missing payment installments
Some of the biggest developers in Dubai are starting to offer more flexibility if buyers miss out on their next installments on handed over properties. This means that if payments are missed, the …
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Staycation guests help Dubai hotels close August on a high
Hotels in Dubai and the UAE have scored a hit by pushing hard on staycation promotions, first during the Eid holidays and over the last two weeks of August. Occupancy levels at many of these …
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Developers offer relief for Dubai property owners missing payment installments
Some of the biggest developers in Dubai are starting to offer more flexibility if buyers miss out on their next installments on handed over properties. This means that if payments are missed, the …
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UAE construction rethinks capital spending plans
Covid-19’s impact on consumer spending demand and government finances may lead to greater challenges for the UAE construction sector in 2021 …
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ENBD REIT’s net asset value drops $15mln due to COVID-19, property slowdown
Dubai real estate investment trust ENBD REIT has seen its net asset value (NAV) decline by $15 million in three months due to the property market slowdown and the coronavirus pandemic. Managed by the …
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Millennial OFWs come home amid pandemic, enjoy property investments
While most of the older overseas Filipino workers (OFWs) are coming home amid the COVID-19 pandemic due to job loss with nary enough savings to start over, many millennials are getting cozy with real …
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Dubai and Abu Dhabi developers offer incentives in bid to drive property sales
Real estate developers are offering discounts, fee waivers and other deals as transaction volumes remain soft due to oversupply concerns amid the coronavirus-induced economic slowdown. Dubai South …
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Dubai retail giant sees consumer confidence rebound post lockdown
Steven Cleaver, director, shopping malls, Al Futtaim Group Real Estate says footfall is increasing in Dubai Festival City Mall …
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Four men steal Dh167,000 worth of face masks and nuts in Dubai, jailed
The group of four men who stole Dh167,000 worth of face masks and nuts will be jailed for six months, a Dubai court ruled on Tuesday. The Asian men, between 23 and 41 years old, used a chainsaw to …
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Lootah sees increase of Dubai residents shifting from renters to homeowners
Dubai: Lootah Real Estate Development (Lootah) – one of the region’s most prominent real estate developers – said there has been an increasing number of Dubai residents shifting from renters to …
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