Dubai Properties in September celebrated the voyage of the UAE’s first-ever water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay. During the following days, a further eleven homes …
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UAE Property Developer DAMAC Ranks First on Forbes Global 2000 List of Fastest Growing Companies Worldwide
DAMAC Properties, a leading luxury real estate developer in the region, has clinched the number one spot on the Forbes Global 2000 List of Growth Champions, making it the fastest growing company worldwide among the top 2,000 listed by Forbes. The Forbes …
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Dubai property brokers earn over Dhs1bn in commissions
Real estate brokerage commissions in Dubai reached over Dhs1.3bn during the first nine months of the year, the Dubai Land Department (DLD) has announced. The number of active brokers in Dubai’s real estate market currently stands at 6,200. The …
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Dubai property regulator calls for collaboration to identify buildings with non-fire safe cladding
A Dubai property regulator has renewed calls for developers and owners to work together to identify towers where combustible aluminium cladding must be changed and outlined details about a new safety drive to replace the facades. The Real Estate Regulatory …
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Indians again top foreign property investors in Dubai
MUMBAI: Indians bought property worth Rs 42,000 crore in Dubai from January 2016 to June 2017, making them yet again the top foreign property investors in the Emirates, according to the Dubai Land Department. This is an increase of Rs 12,000 crore from …
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Dubai property sits on shifting sands
Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room hotel that will share the building, the 231 top-end homes currently under construction on the …
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First Nine Months of 2017 Show Dubai Real Estate in Recovery
Dubai’s property market continues to show signs of recovery ahead of world Expo 2020, with sales volume the highest in pricey central neighborhoods around the iconic Burj Khalifa building, according to a government release on Monday. The Dubai Land …
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Dubai property deals reached Dh204b in nine months
(MENAFN) In the first nine months of the current year, Dubai property transactions totaled of Dh204 billion through 52,170 transactions, according to the Dubai Land Department (DLD) data released on Monday. This compares to Dh259 billion worth of property …
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Dubai Real Estate Demand High as Expo 2020 nears [Infographic]
Total real estate transactions in Dubai for the first nine months of 2017 hits AED 204 billion (approximately $55.5 billion) According to Dubai Land Department (DLD), the total value of real estate transactions for the first nine months of 2017 reached …
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Dubai real estate trade value tops $55bn
Dubai Land Department (DLD) has announced that the total value of real estate transactions for the first nine months surged to hit Dh204 billion ($55.5 billion). It was achieved through 52,170 transactions. According to DLD report, there were a total of …
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$8 Billion Invested In Dubai Real Estate From Pakistan, NAB Now Trailing The Investors
National Assembly’s Standing Committee on Finance sub-committee has recently instructed National Accountability Bureau (NAB) to probe an investment of $8 billion made by Pakistanis in Dubai real estate. NAB has also been directed to get information from …
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Arab woman arrested for cheating property buyers in Dubai
The Dubai Police arrested an Arab woman who was wanted for duping four property buyers by claiming to be engaged in real estate investments. The woman used different names to conceal her identity and swindle innocent investors. Major General Khalil Ibrahim …
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Emaar chairman expects special dividend pay out from real estate listing by Jan
Emaar Properties Chairman Mohammad Al Abbar said on Tuesday he expects to issue a special dividend in January from the proceeds of the partial listing of the Dubai property developer’s real estate unit. Emaar announced this week it would list up to 20 …
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Dubai Crown Prince orders new 30-year housing plan for Emiratis
Crown Prince Sheikh Hamdan has directed Dubai Municipality chiefs to draft a housing plan that will satisfy the expected property needs of UAE nationals over the next 30 years. In a series of tweets, Sheikh Hamdan said the project will be given “top …
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Abu Dhabi property sale, rent prices ‘fell in Q3’
Apartment and villa sales prices decline 10% and 5% respectively year-on-year, says Asteco report Abu Dhabi property sale prices and rents continued to fall in the third quarter of the year, according to Asteco. The real estate consultancy attributed the …
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Abu Dhabi Real Estate Market Remains Subdued, Says Asteco
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to the Q3 Abu Dhabi Real Estate report by leading real estate consultancy Asteco. Average apartment …
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Abu Dhabi real estate hit by weak job market
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to leading real estate consultancy Asteco. The average apartment rental rates dropped by three per cent …
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