Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018. The emirate was ranked 39th in the Global Residential Cities Index by con…
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Dubai residential market ‘under pressure’ in Q3
Dubai’s property pipeline is expected to exert continued pressure on the residential market with an additional 10,000 units set to be delivered this year and a further 70,000 before Expo 2020 …
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Dubai Land Department signs MoU with Emirates Islamic
Commenting on the MoU, Rashid said, “We at DLD are keen to establish partnerships with the private sector in order to work together in support of the Dubai real estate sector. Emirates Islamic …
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Dubai home prices, rents continue decline in Q3
Meanwhile, rental declines have averaged 1.3 per cent over the same period, added the Q3 2018 Dubai Market Report from Cavendish Maxwell, an independent firm of chartered surveyors and property consul…
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Dubai’s Emaar confirms talks to sell ‘certain hotels’ in portfolio
Emaar said in a filing to Dubai Financial Market … growth plans and renewed digital focus The company’s core businesses focus on property development, retail and hospitality. Reuters reported that A…
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Foreign properties: PM’s sister Aleema Khan submits reply in FIA
According to sources, Aleema contacted FIA Lahore and told the inquiry officer that she has sold the property she owned in Dubai. “I had mentioned the Dubai property in my tax returns and will disclos…
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Aloft Dubai South Opens
Aloft Dubai South, the Aloft brand’s fourth property to open in Dubai this year, has swung open its doors near the city’s Al Maktoum International Airport, and site of the international innovation gat…
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10 years on: the economic impact of The Dubai Mall
The Dubai Mall 10 Year Celebrations will include luxury fashion showcases and special entertainment, plus a host of prizes to win including three apartments from Emaar Properties. The celebrations wil…
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Residential property prices in Abu Dhabi down 8.3% in Q3
Prices in Abu Dhabi’s residential property market were down 8.3 per cent year-on-year in the third quarter of the year, with declines across all areas, according to a new report by real estate …
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Abu Dhabi Investment Office to reveal prospects at IREIS
Residential rents in Abu Dhabi investment zones were also down … to return to the market before making any decision regarding property purchase,’’ said Manika Dhama, associate partner …
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Ex-senator to move SC to explain his wife’s UAE property
ISLAMABAD: Former senator Enver Baig said on Saturday that he would move an application before the Supreme Court to explain that a property shown by the Federal Investigation Agency (FIA) in the Unite…
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MPM Properties Wins Four Awards At African & Arabian Property Awards 2018
ADIB’s real estate advisory subsidiary, MPM Properties, awarded ’Property Consultancy of the Year’ in Abu Dhabi MPM Properties, the real estate advisory subsidiary of Abu Dhabi Islamic Bank (ADIB), ha…
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Imran Khan’s Sister Among 44 Prominent Pakistanis Owning Benami Properties in UAE
She has one property in the UAE, but it has been disclosed in the tax returns filed with the Federal Board of Revenue (FBR). The name of prominent politician Irfanullah Khan Marwat is also on the list …
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Under I-T scanner: 7,500 Indians who own prime homes in Dubai
The Income Tax (IT) department has launched an investigation against at least 7,500 Indians who have bought high-end properties in Dubai in the last few years, sources told The Indian Express. The Int…
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High property management fees ‘deterring UAE residents’ switch to solar’
The head of a Dubai company that seeks to enable the green economy has called for gated communities to stop charging high fees for the installation of home solar energy kits. Ivano Iannelli, chief exe…
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Dubai’s costliest deal in Q3 is Dh90 million villa in Emirates Hills
The most expensive property sold in Dubai in the third quarter of 2018 was an Emirates Hills villa for a whopping Dh90 million. This was followed by a property in Downtown Burj Khalifa which was sold …
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Eagle Hills Abu Dhabi Reaps Three Awards At the 2018 Arabia Property Awards
Eagle Hills, an Abu Dhabi-based private real estate investment and development company, scooped three awards at the 2018 Arabia Property Awards, part of the International Property Awards. Palace Fujai…
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