The main domestic regulations governing insolvency and restructuring matters in UAEs leading financial hub, Dubai International Financial Center (DIFC), comprise the DIFC Insolvency Law. It is …
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MIDEAST STOCKS-Property shares buoy Dubai as major Gulf markets rise
Major stock markets in the Gulf rose in early trade on Wednesday, with the Dubai index leading the gains, boosted by its property shares following a buy out announcement. On Tuesday, Emaar Properties …
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Hilton Abu Dhabi Yas Island Opens To The Public
The Hilton Abu Dhabi Yas Island opened its doors on Yas Bay’s Waterfront, on the island’s southern end. Situated on this waterfront mixed-use development, the Hilton property is near the island’s …
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Dubai real estate to ‘bottom out’ in 2022 after tough year due to COVID-19: Report
Property market in Dubai may “bottom out next year after weathering a tough 2020, according to S&P Global Ratings.“We already had a supply and demand …
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Dubai’s property market slump will continue for 12 to 24 months: S&P
Key sectors in Dubai, particularly real estate… will likely remain under pressure for the next 12 to 24 months,” S&P said in a report released on Monday. “The residential …
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Dubai cat cafe hopes rescues will find purr-fect new homes
The Ailuromania Cat Cafe, which was the Middle East’s first cat cafe when it opened in 2015, hopes the relaxing properties of its 25 rescue and shelter cats will help find them their forever homes.
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UAE: Majority of residents expect rents to stabilise or go up in 12 months
The findings are a sharp turnaround from October last year, when only 31 per cent of those surveyed expected rents to stablise or rise.
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Buhari Appointees Linked To N146Billion Dubai Properties
At least three top officials who served in the current administration of President Muhammadu Buhari have been listed among owners of properties worth N146 billion in Dubai, the United Arab Emirates. D …
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Dubai property market tops Dhs4 billion in realty deals
The real estate and properties transactions valued at Dhs4.31 billion in total during the week. The sum of transactions was 1,445. 145 plots were sold for Dhs527.53 million, 877 apartments and villas …
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Dubai South Properties launch The Pulse Villas, 50% sold out
Located within Dubai South’s Residential District, the villas have a built-up area ranging from 1,894-2,720 square feet.
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Dubai South Properties launches The Pulse Villas
The launch follows the successful selling out of townhouses at the development as well as the surge in demand for villas in the area, which is evident by the fact that 50% of the villas are already bo …
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Dubai Land Department completes 1.4 million digital services in 2020
Registration and renewal of Ejari contracts topped the list of digital services last year Dubai Land Department (DLD) completed over 1.4 million digital services for its customers during 2020 through …
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Citizenship law will spice up UAE’s realty sector
The amendment of the Nationality Law represents a new attested initiative to attract investors, skilled individuals, and talented people of high …
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Ellington Properties Wins International Property Award for Exceptional Design
Ellington Properties, Dubai’s design-led property developer, has won this year’s International Property Awards 2020-21 for delivering elegant and impecc …
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Conrad Abu Dhabi Etihad Towers appoint a new executive team
Conrad Abu Dhabi Etihad Towers is the first property from Hilton’s luxury portfolio to open in Abu Dhabi. The property opened as part of Hilton’s luxury Conrad Hotels & Resorts brand in October. The …
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UAE’s residential sector to see greater stability in 2021
Before addressing the UAE’s residential outlook for 2021, it is important to evaluate the past year and the far-reaching impact of COVID-19 on the economy and, in turn, real estate market performance.
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Emaar Beachfront: Everything to know about Dubai’s luxurious new island community
A 10 million square feet development is taking shape off the shores of Dubai Marina. Part of the huge Dubai Harbour project, Emaar Properties is set to open 27 residential towers in an area called …
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