The research was conducted among over 5,400 millionaires with at least $1 million investable assets (excluding property). The global sample was split across nine markets such as Germany, Hong Kong, Italy, Singapore, Switzerland, Taiwan, the UAE …
( read original story …)
Dubai Financial Market : MAG Robotic Investments and Emaar Properties PJSC join forces to develop a fully automated parking facility at Dubai Marina
MAG Robotic Investments has signed a contract with Emaar, the global property developer based in the UAE, for the development of a fully automated parking facility on a Build Operate Transfer (BOT) basis at Dubai Marina. The automated parking facility …
( read original story …)
Video: World record for largest aerial projection broken in Dubai
UAE property firm Wasl Asset Management has broken the world record for the largest aerial projection screen, the company announced on Tuesday. The screen took to the skies over Dubai in celebration of the Year of Zayed, the country’s commemoration of …
( read original story …)
UAE Intellectual Property Awareness Drive spearheaded by the Japan External Trade Organization
DUBAI, DUBAI, UAE, March 1, 2018 / EINPresswire.com / — The Middle East Intellectual Property Group (ME-IPG) of Japan are conducting an education drive as part of their commitment to the fight against counterfeit goods. The events will be held at Festival …
( read original story …)
LA court dismisses all claims in Viceroy and Five Dubai hotel dispute case
The case was filed in relation to a $1.17bn property on Dubai’s Palm Jumeirah, which remains disputed between the two companies. The judge decided to dismiss the lawsuit as being barred by the California law prohibiting Strategic Lawsuits Against Public …
( read original story …)
Facebook groups edging out property brokers?
With property prices starting to show signs of life in some communities in Abu Dhabi, what is top of mind for real estate executives in the capital? Executives from the UAE capital’s top real estate firms discussed the issue in a forum led by …
( read original story …)
Dubai Property Rebound Fails to Materialise
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20 percent cut on the still vacant property. The broker, Akbar Ladak, wasn’t surprised. More landlords …
( read original story …)
Developers optimistic about rebound in Dubai property market
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20 percent cut on the still vacant property. The broker, Akbar Ladak, wasn’t surprised. More landlords …
( read original story …)
UAE- Making and losing money in commercial property
(MENAFN – Khaleej Times) The sharp rise in US Treasury, British gilt, German Bund and other government bond yields is a disaster for real estate investment trusts (Reits) worldwide, including those in the GCC. In the $1.2 trillion US Reit market, prices of …
( read original story …)
No Rebound for Dubai Property as Slump Drags On
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20 percent cut on the still vacant property. The broker, Akbar Ladak, wasn’t surprised. More landlords …
( read original story …)
Abu Dhabi developer Modon appoints Arabtec for show villas in mega project
Abu Dhabi developer Modon Properties has appointed Dubai’s Arabtec Construction to build a show village in Khalifa City, it announced on Tuesday. It will feature nine show villas targeted at Emiratis and is expected to be ready by the fourth quarter of …
( read original story …)
Dubai among world’s best for FDI in real estate sector
Dubai is among the world’s top destinations for foreign direct investment (FDI) in the real estate market, according to new research from consultants JLL. In a new report entitled “World Cities: Mapping the Pathways to Success”, JLL identified Dubai …
( read original story …)
Dubai’s Ultra-Wealthy Population Poised for Boom
Ultra-wealthy residents of Dubai will grow by 60% over the coming decade, refueling the currently depressed luxury property market there, according to a report released Wednesday by Knight Frank. The city’s ultra-high-net-worth population—those worth …
( read original story …)
Dubai’s Damac issues new tender for Aykon City tower
Damac Properties on Monday said it has issued a new tender for main works for a second tower at its six-tower, premiere luxury master development, Aykon City, overlooking Dubai Canal. The tender will be awarded for the tower construction which includes …
( read original story …)
Dubai Land Dept values properties worth $78bn in 2017
Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over Dh287 billion ($78.1 billion) — the highest value ever recorded — in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate …
( read original story …)
Omniyat’s Dubai Water Canal project to be managed by Dorchester Collection
The property developer also announced that the project was designed by award-winning architectural firm Foster + Partners. Located at Marasi on Dubai Canal, Private Residences will be one of the first in the region to be managed by the London-based …
( read original story …)
A Philippine unicorn is building prefab homes in Dubai’s World Islands
Conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, The World Islands are a project of state-run developer Nakheel Properties. Your browser does not support the video tag.
( read original story …)