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Category: PROPERTY

Posted on 18/07/2019

Dubai Property Developer Buys Troubled Fashion Brand Roberto Cavalli

After months of speculation, Dubai-based property developer Damac Properties has emerged as the new owner of Italian fashion house Roberto Cavalli. Last month, Arabian Business reported Damac …
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Posted on 17/07/2019

UAE property: Abu Dhabi tenants happy to negotiate as residential rents soften

The Abu Dhabi real estate review issued by ValuStrat reported that the emirate’s residential capital values in the second quarter of 2019 were 13.3 per cent lower than last year and 3.3 per cent than …
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Posted on 16/07/2019

Challenging market conditions continue in Q2 2019: Cavendish Maxwell UAE property report

Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its UAE Property Market Report for Q2 2019, containing key data and trends for Dubai, Abu …
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Posted on 16/07/2019

Emaar accounted for largest share of all property sales in Dubai in H1 – report

Emaar Properties recorded 4,756 transactions cumulatively worth Dhs13.1bn in the first six months of this year, accounting for the largest share of all property sales in Dubai, a report has found. …
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Posted on 14/07/2019

Dubai-based app connects tenants with property managers

Joe Moufarrej has created cloud-based platform Happy Tenant to keep tenants informed about their rented property, putting them in contact with their managers, property owners and neighbours to help …
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Posted on 14/07/2019

Aldar Properties wins US$1.36bn government contracts in Abu Dhabi

Multiple Abu Dhabi government entities have partnered with Aldar Properties to deliver social, economic and infrastructure projects worth US$1.36bn across a number of major destinations in the emirate …
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Posted on 13/07/2019

Average Dubai property prices now nearly 30% lower than 2014 peak

Average Dubai property prices are now nearly 30 percent lower than their peak in mid-2014, according to new research. Real estate consulting firm ValuStrat said in a new report that citywide values in …
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Posted on 12/07/2019

Aldar Properties wins multiple AUH contracts

Aldar Properties has partnered with several Abu Dhabi Government entities to deliver social, economic and infrastructure projects to the tune of $1.36 billion across multiple key destinations in Abu …
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Posted on 12/07/2019

The Abu Dhabi Edition: The Ultra-Mod Hotel Group Arrives In The UAE

Credit: The Abu Dhabi Edition Started a little over a decade ago by Ian Shrager in collaboration with Marriott, the Edition Hotels brand has taken off in recent years with ten properties opened …
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Posted on 12/07/2019

Dubai property investors win five-year visas after $54m commitment

Dubai Land Department (DLD), in coordination and cooperation with the General Directorate of Residency and Foreigners Affairs (GDRFA), has granted five-year renewable visas to 20 foreign investors …
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Posted on 11/07/2019

Freehold Property vs. Leasehold Property: What makes sense for you?

The introduction of the long-term residency visas for property investors and the much-anticipated launch of the Dubai Expo 2020 on the horizon have significantly boosted interest in the property …
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Posted on 11/07/2019

Dubai realty to remain buyers, tenants’ market for foreseeable future

(MENAFN – Khaleej Times) Property prices and rentals in Dubai continued to decline in the first half of 2019 and this trend will continue in the second half as oversupply will keep the emirate a …
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Posted on 11/07/2019

Dubai real estate: Win-win situation for home buyers and tenants

Dubai’s residential market is expected to remain highly attractive to occupants and buyers thanks to the wide variety of options available at competitive prices. In the short term, however, oversupply …
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Posted on 10/07/2019

Aldar Properties to develop $1.3bn worth of projects in Abu Dhabi

Abu Dhabi’s Aldar Properties is set to appoint contractors to develop $1.3 billion (AED5bn) worth of social, economic and infrastructure projects in three areas of the emirate. Appointed by the Abu …
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Posted on 10/07/2019

Le Méridien Abu Dhabi now a five-star property post renovation

Le Méridien Abu Dhabi has been re-instated as a five-star property by the Abu Dhabi Tourism & Culture Authority, after the hotel recently underwent a renovation. Khalid Anib, chief executive officer …
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Posted on 10/07/2019

Dubai Real Estate Institute signs MoU with Abu Dhabi’s Adveti

Dubai Real Estate Institute, the educational arm of Dubai Land Department (DLD), has signed a memorandum of understanding (MoU) with Abu Dhabi Vocational Education and Training Institute (Adveti) to …
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Posted on 08/07/2019

Dubai property looks to Fed, not Expo for signs of recovery

Dubai property investors once looked to Expo 2020 for a long-awaited rebound. But as prices continue to decline in the emirate, the expected fall in US interest rates may bring more near-term cheer to …
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