Dubai Land Department (DLD) on Monday announced plans to launch of Dubai Property Festival, a three-day sales and purchase event to be held at the Dubai World Trade Centre on April 9–11. The real estate authority said the festival would coincide with a …
( read original story …)
Dubai Land Department Launches Major Initiative to Spearhead Growth in Dubai’s Real Estate Sector
Dubai Land Department (DLD) announced the launch of Dubai Property Festival (DPF), a three-day sales and purchase event to be held at the Dubai World Trade Centre April 9 – 11, coinciding with a series of events in Dubai aimed at attracting global …
( read original story …)
Revealed: Fixit app aims to help Dubai tenants resolve urgent problems
A Dubai-based real estate broker has devised a new property management system which will give tenants an instant communication channel to resolve urgent maintenance problems. The system, conceived by fäm Properties in Dubai will transform the way real …
( read original story …)
Property shares gain traction on UAE bourses
After buying in banking shares, property stocks were in demand and witnessed a good amount of accumulation on UAE bourses. Dubai index closed above the 50-day moving average of 3,460, instilling further confidence among traders, who were looking to buy …
( read original story …)
Abu Dhabi Residential Rents Decline 2017
According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016). Mohammed Bin Zayed City is the most …
( read original story …)
Revealed: Where Abu Dhabi property rents, prices fell the most in 2017
The Abu Dhabi property market has seen substantial declines in property rents and sales prices over the last year. In an end of year report, property site Bayut.com compiled a list of popular areas that had seen the most substantial decreases year-on-year …
( read original story …)
New tech-driven property management system is talk of Dubai
DUBAI — A new tech-driven property management system conceived in Dubai will transform the way real estate agents and landlords communicate and help tenants resolve issues quickly and more efficiently, its designers say. Devised by fäm Properties, one …
( read original story …)
wasl properties completes final phase on heritage project
wasl properties has confirmed that it completed the wasl district heritage project in Dubai in December. The wasl Asset Management Group subsidiary started work on the residential and commercial property scheme after the launch of the adjoining wasl …
( read original story …)
A ‘Beach Palace’ in Dubai With Amenities Galore
High-end detached villas remain the most popular property for super-rich buyers in Dubai, despite growing numbers of developments of luxury apartments, including those being built near at the Royal Atlantis also on the palm. While the home is still on the …
( read original story …)
Dubai resort, a jewel in Bulgari crown
Bulgari Resort Dubai, a ‘jewel’ in the crown of Bulgari brand, received its first guests last month following the unveiling of the luxury property to a select audience at a gala event. Exclusively situated on the man-made seahorse shaped island of Jumeirah …
( read original story …)
Saudi’s Dar Al Arkan eyes IPO to sell 30% of property subsidiary
An initial public offering (IPO) will be floated to sell the stake in Dar Al Arkan Properties Company. READ: Dar Al Arkan launches $218m project with Roberto Cavalli in Dubai Samba Capital and Investment Management Co has been appointed as the IPO’s …
( read original story …)
Off plan sales dominating residential market in Dubai going into 2018
Off plan sales continue to dominate the residential property market in Dubai which experts believe is partly due to the recent mortgage cap introduced by the emirate’s Central Bank. Many commentators believe that the cap which means expats need a minimum …
( read original story …)
New opening: Marriott leads a Renaissance in Dubai
This is not the first time the Renaissance brand has been active in the emirate of Dubai. In the 1990s, the 281-key Renaissance Deira was located in what was then prime real estate. However on March 1, 2011, that property was reflagged under the Crowne …
( read original story …)
Review: Le Méridien Fairway Dubai — TLDR Not Great, Don’t Do It
As with my stay in Abu Dhabi, I wanted to sample one of Starwood’s more economically-priced properties in Dubai, as the higher-end hotels have been extensively covered by others. The Le Méridien Fairway in Dubai had a very reasonable prepaid …
( read original story …)
Dubai property ROI still strong amid softening prices
Dubai property saw stable Returns on Investment (ROI) in 2017, but suffered lower rent and sales prices across most property types year-on-year, according to a Bayut.com report. Based on 94,000 listings hosted on Bayut.com from November 2016-November 2017 …
( read original story …)
Revealed: Where Dubai property rents, prices fell the most in 2017
The last 12 months have been a period of softening prices and rents across most property types in Dubai, with significant declines in some areas. In an end of year report, property site Bayut.com compiled a list of popular areas that had seen the most …
( read original story …)
Latest Dubai Property Trend Reveals Long-term Residents are Taking Advantage
Jumeirah Village Circle is Dubai’s most affordable villa community to buy (AED 758 per square foot), and one of the few that has experienced a price increase, indicating that demand remains healthy in the affordable villa segment, according to …
( read original story …)