Off-plan sales now make up almost half of residential property deals in Dubai Master developers still expect full payment upon handover, but smaller developers offer more generous terms Banks increasingly willing to lend to buyers of late-stage under …
( read original story …)
Aldar Properties : ADX marginally rises at Tuesday’s open
The Abu Dhabi Securities Exchange (ADX) saw a positive performance in Tuesday’s early trades. The main index rose 0.09% or 3.96 points to reach 4,495.25 points by 11:05 am UAE time. The real estate sector grew 0.66% as Aldar Properties went up 0.85%.
( read original story …)
Aldar Properties : Developer Aldar on track with Reem Island projects
Abu Dhabi-based developer Aldar is on track with the construction … which will add to the 5,000 homes already within its leased residential portfolio. [[banner]] Residential properties include The Bridges, mid-market homes featuring studios to three …
( read original story …)
New cluster executive chef to head Rotana properties in Abu Dhabi
Marina Akhmedova, who previously held the role of specialty chef at The Cove Rotana Resort, Ras Al Khaimah has now been promoted to cluster executive chef at Centro Capital Centre and Capital Centre Arjaan. Akhmedova, a Russian national, holds a diploma in …
( read original story …)
Work in Full Swing at Aldar’s Master-Planned Community
UAE-based Aldar Properties said work is moving at a steady pace in its master-planned community on Reem Island, Abu Dhabi, with a 2.4-km canal now open and construction of the Vida Hotels and Resorts set to start this year. The newly-opened canal is …
( read original story …)
Dana Gas shares tumble, most actively traded on ADX
Dubai: Dana Gas shares tumbled on the Abu Dhabi Securities Exchange after rising swiftly for a couple of weeks, making it the most actively traded name on the bourse. Union Properties led gains in Dubai. Dana Gas shares tumbled 4 per cent to close at Dh0 …
( read original story …)
Dubai property renter surprised by ‘random’ last-minute fee on three-bed villa
I am a US expat currently living with my family in a Jumeirah 3 villa, but we are planning to move to a villa in Barsha 1 at the end of June to be closer to the kids’ school. After an extensive (unsuccessful) search of properties listed in the area with …
( read original story …)
Dubai Properties breaks ground on Dubai’s newest…
Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1 billion mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination. Dubai Properties, a leading Dubai-based real estate master …
( read original story …)
MIDEAST MONEY-Property, minority holders keep Dubai stocks down despite positives
* Dubai is worst-performing big bourse in region, apart from Qatar * Economy is strong, valuations low * But heavy exposure to real estate is dampening market * Some disappointed shareholders withdraw from market * M&A, raising foreign limits may spark …
( read original story …)
Hilton announces new Abu Dhabi property on Yas Island
Hilton and Miral announce their newest project, a 641-room room resort located on Yas Island. The new property, Hilton Abu Dhabi Yas Island Resort, will be located on a 3 km stretch of Yas Bay. This 641 room Hilton resort is to become part of the …
( read original story …)
Dubai Properties launches sale of Casa Viva townhouses
Dubai Properties, a leading Dubai-based real estate master developer and asset manager, has launched the sales of its Casa Viva townhouses, marking the third phase of its master-planned, family-friendly Serena community at Dubailand. Inspired by Spanish …
( read original story …)
UAE property market is changing: here’s what you need to know
New research from Allsopp & Allsopp, Dubai-based residential real-estate firm, has revealed landlords are now much more confident accepting four or more rent cheques a year rather than one. As of May 2017, some 33 per cent of tenants who found their ideal …
( read original story …)
Emaar to list UAE property business
June 9 (IFR) – Emaar Properties plans to offer up to 30% of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange since Emaar Malls 2-1/2 years ago. The IPO is the result of an internal review of …
( read original story …)
What a solid property investment in Dubai looks like
I am about to purchase an investment property and would like to hear your opinion before going ahead. The property I am interested in buying is located in the Jumeirah Village Circle area of Dubai. It is a four-year-old, three-bedroom flat spread over …
( read original story …)
Emaar plans IPO of up to 30% of UAE property business
Emaar Properties, the global real estate company, has announced that it plans to offer up to 30% of its UAE real estate development business in an initial public offering (IPO), which will be the largest since the Emaar Malls IPO in 2014. In a statement to …
( read original story …)
Emaar to sell 30% of UAE property business
Dubai: Emaar Properties, the Dubai-based developer, plans to sell as much as 30 per cent of its real estate development business in the UAE in an initial public offering (IPO). The funds raised will primarily be distributed as a dividend to Emaar’s …
( read original story …)
Emaar to sell up to 30% of UAE property business in Dubai IPO
Dubai: Emaar Properties PJSC, the Dubai-based developer of the world’s tallest skyscraper, plans to sell as much as 30% of its real estate development business in the United Arab Emirates in an initial public offering. The funds raised will primarily be …
( read original story …)