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 ...)

Abu Dhabi’s Al Maha Arjaan Rotana completes US$14m renovation

The completed renovation encompasses the property's 288 guestrooms ... Al Maha Arjaan by Rotana has always been an iconic hotel in Abu Dhabi. The renovation project was an important step for our owners and for Rotana to provide new levels of accommodation ... ( read original story ...)

What happens when your rented property gets a new owner?

You may reside in the property until the expiry of your tenancy contract in accordance with Article 28 of Law No. 26 of 2007 regulating the relationship between landlords and tenants in Dubai, which states, "Transferring the ownership of real property to a ... ( read original story ...)

Abu Dhabi index leads regional losses on selling in banks

Dubai: The Abu Dhabi index fell more than 1.5 per cent weighed by selling in First Abu Dhabi Bank and Aldar Properties. The Abu Dhabi Securities Exchange closed 1.65 per cent lower at 4,427.30. First Abu Dhabi Bank closed 3.65 per cent lower at Dh10.55 ... ( read original story ...)

Dubai property marketing permit procedures must be followed

I have a question with regards to the new law recently introduced, mandating that real estate brokers must now obtain a permit prior to advertising any property for rent or sale. Furthermore, my understanding is that the broker must submit a copy of the ... ( read original story ...)