UAE property developer secures Dhs1bn loan for mega-project

Arada, a newly-created UAE-based property developer, has secured a Dhs1bn ($272m) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will help pay for the Dhs24bn Aljada, a ... ( read original story ...)

Bank, property stocks buoy Abu Dhabi index

First Abu Dhabi Bank buoyed the Abu Dhabi index, which surged more than 1 per cent, while Dubai bourse witnessed selective buying. The Abu Dhabi Securities Exchange general index closed 1.15 per cent higher at 4,369.40, nearing the key resistance level of ... ( read original story ...)

Dubai property suffering oversupply amid growing competition

RELATED ARTICLES: Bloom CEO says UAE property market region's top performer in 2017 | JLL: Potential oversupply for UAE residential market | Cluttons: Abu Dhabi residential market stagnant in 2017 With demand for property stabilising over the past year ... ( read original story ...)

Making dreams come true – best property listings in UAE

Estate still holds its first place among most favorable types of assets today, thanks to a mature market and stable economy in UAE. Many investors are looking at dynamically developing Emirates, as country’s economy has successfully coped with recent ... ( read original story ...)

It’s now or never for property buyers in Dubai

While off-plan was king in the Dubai real estate market in 2017, secondary market sales are likely to take centrestage next year, say market stakeholders. Buyers are unlikely to see too much of the sales incentives and attractive payment plans that were ... ( read original story ...)

Explained: Dubai’s new off-plan property purchase law

Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and ... ( read original story ...)

UAE property firm Awtad celebrates DFM listing

UAE-based property investment firm Awtad has celebrated the listing of company’s shares on Second Market of Dubai Financial Market (DFM) where investors can trade on private firms’ shares within a regulated and advanced environment. The company boasts ... ( read original story ...)