Category: PROPERTY

Vacant on Transfer (VOT) has become the new market buzzword, while secondary market sales transfers showed an uptick in transactions in 2018, according to an industry expert. The term, mainly used for …
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KG Group, a leading manufacturer and distributor of products for the automotive, logistics and cement and mining industries, has acquired a major stake in Virtue Properties, a Dubai-based boutique rea…
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Several families in Dubai are moving from centrally located communities to secondary areas. These outer lying communities offer lower prices and the appeal of moving to a new property. “We are seeing …
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· Report offers key insights into trends in the residential, office, retail and hospitality sectors · The firm casts outlook for real estate market in 2019, highlighting challenges and opportunities C…
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Sales of apartments in Abu Dhabi fell by 9% on average in 2018 while villas sales were down by 4%, according to the latest residential real estate report for the Emirate. Overall, sales activity for c…
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First Abu Dhabi Bank and Abu Dhabi National Hotels (ADNH) have signed an AED 1.6bn loan facility agreement, which will provide ADNH with the financing capability to acquire Dubai-based hotels. The agr…
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Abu Dhabi National Hotels secured a Dh1.6 billion loan from First … a subsidiary of Dubai’s biggest listed developer Emaar Properties. The value of the deal was not disclosed and the transaction was …
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The performance of both the UAE and Dubai real estate industry in 2019 will depend on how the market responds to the raft of government initiatives and regulations announced to stimulate demand. These …
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and First Abu Dhabi Bank (FAB) have signed an AED1.6 billion loan facility agreement. The agreement will provide ADNH with the financing capability to acquire a number of Dubai-based hotels from Emaar …
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Dubai, United Arab Emirates:Dubai Land Department (DLD) welcomed a US real estate delegation yesterday comprising several governmental and private institutions in response to an invitation sent to bro…
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UAE-based Aldar Properties has announced the launch of its newest Dh2-billion ($545 million) freehold development, Alreeman, located in Alshamkha area of Abu Dhabi. With investment zone status …
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All of this is why I still keep any eye out to see what Radisson is doing outside of the US and the hotelier has just announced the opening of two new properties in Abu Dhabi. The Corniche is one of t…
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Dubai’s residential sector in the final quarter of 2018 witnessed a continuation of the tough trading conditions experienced in previous quarters, according to new research by Chestertons. Average apa…
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R Hotels has appointed Nevil D’souza as commercial director for its Dubai properties. D’souza will be responsible for the overall sales and marketing strategies of the group’s four hotels in the emira…
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The residential prices and rents in the UAE property sector are likely to soften in 2019, however there could be additional demand in the coming months which will help underpin the market as a result …
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Abu Dhabi development giant Aldar Properties has launched $544.5m (AED2bn) mixed-use development, Alreeman, in the Alshamkha area near Abu Dhabi International Airport. Spread over an area of 280ha, th…
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Dubai Land Department (DLD) will receive a US delegation of more than 150 government and private-sector representatives seeking investment opportunities in the UAE emirate. According to Sultan Butti b…
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