DAMAC predicts Dubai property supply rise as market turns corner

DUBAI May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group's chief finance officer said. Supply of such properties in ... ( read original story ...)

DHCC, Swiss Property to develop wellness residences

Dubai Healthcare City (DHCC) said it has signed a partnership agreement with Swiss Property, a boutique real estate developer, to increase wellness residential capacity in the free zone’s Phase Two expansion at Al Jaddaf in Dubai, UAE. As per the ... ( read original story ...)

RSG signs with Rotana for new Dubai property ahead of Expo 2020

RSG International has signed a management agreement with Rotana, one of the leading hotel management companies in the region with the hotels across the Middle East, for a new four-star hotel in Dubai. The property will be located at a prime location on ... ( read original story ...)

Outlook for Dubai and Abu Dhabi property markets remains soft

Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by ... ( read original story ...)

Why you should invest in Dubai’s real estate…

It does seem surreal for boundless vistas of desert to co-exist with some of the planet's most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing ... ( read original story ...)

Why you should invest in Dubai’s real estate market

It does seem surreal for boundless vistas of desert to co-exist with some of the planet's most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing ... ( read original story ...)

Abu Dhabi’s Aldar Properties Q1 net profit flat

Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a small drop in first quarter profit on Tuesday but beat analysts forecast. Aldar made a net profit attributable to shareholders of Dhs637m ($174m) in the three ... ( read original story ...)

Aldar scores high on Q1-17 revenue and gross profit gains

Dubai: Aldar Properties pulled out higher revenues (up 28 per cent to Dh1.58 billion) and gross profit (a gain of 39 per cent to Dh753 million) for the first three months of 2017, in a performance markedly different from the slowdown in Abu Dhabi’s ... ( read original story ...)