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Tag: property

Posted on 18/05/2021

Residential demand drives Dubai property prices to rise for first time in six years

Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project …
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Posted on 18/05/2021

Dubai posted 4,804 property sales during Ramadan 2021

Dubai recorded 4,804 property sales worth Dhs9.99bn during Ramadan 2021, marking a 211 per cent increase in transactions from a year-earlier period and 57 per cent increase compared to Ramadan 2019.
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Posted on 18/05/2021

All historic Dubai Ramadan property sales records broken in 2021 with total transactions reaching AED 10bln

But in 2021 we saw the highest number of transactions historically in the month of Ramadan, 4,804 property sales worth AED 9.99 billion. Ramadan 2015 came closest with 3,870 property sales …
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Posted on 17/05/2021

Dubai gears up for new hotel openings, brand expansions

Several hospitality brands marked their participation at the Arabian Travel Market 2021 exhibition with the announcement of new hotel openings and brand expansions across various segments. Accor, on …
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Posted on 17/05/2021

Dubai ruler dissolves tribunal that deals with property-related disputes

DUBAI – In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (15) of 2021 dissolving the Special …
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Posted on 17/05/2021

SOL Properties Redefines Dubai Leasing Experience With SOL Living

Real estate leader introduces dedicated leasing service, offering long- and short-term lease options to meet Dubai’s residents’ and visitors’ evolving needs

Dubai, United Arab Emirates – …
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Posted on 17/05/2021

Developers upbeat about UAE market

The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property …
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Posted on 16/05/2021

UAE: Real Estate Tycoon Reports Widening Losses as Sales Almost Halve

Damac, the Dubai developer behind some of the emirate’s glitziest property projects, reported a widening first-quarter loss as sales almost halved.
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Posted on 16/05/2021

A mixed bag? How Dubai property rental rates have changed in Q1 2021

Rents for apartments across Dubai have started to increase following months of persistent decline, as sentiment in the market continues to improve, according to a new report. Asking rates for …
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Posted on 16/05/2021

Reportage Properties sales grow 200% in 4 months

Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dh500 million since the beginning of 2021, with a growth rate of more than 200% compared to the first …
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Posted on 16/05/2021

Dubai’s Union Properties announces $1.5m Q1 profit

Developer revealed accumulated losses at almost $545m attributed to twin shocks of real estate market decline and Covid-19 pandemic …
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Posted on 16/05/2021

Dubai’s DAMAC Properties lifts sales but first-quarter loss widens

Dubai developer DAMAC Properties’ on Sunday posted a first-quarter net loss of 189.6 million dirhams ($51.6 million), widening from 106.1 million dirhams a year earlier despite a pick-up in sales.
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Posted on 16/05/2021

Dubai-based DAMAC Properties’ Hussain Sajwani warns of slow market recovery

The recovery of the UAE real estate market from the COVID-19 pandemic will take at least 12 to 24 months, according to Dubai developer DAMAC Properties’ chairman Hussain Sajwani. His firm reported a …
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Posted on 12/05/2021

Dubai’s property market splits as villa and apartment demand diverges

Apartment and villa property markets in Dubai were polarised during the first three months of 2021 as investors sought out larger properties amid the ongoing coronavirus pandemic. According to real …
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Posted on 12/05/2021

At 293 Metres, Address Beach Resort Dubai’s Infinity Pool Is World’s Highest

From Macao having the world’s tallest bungee jump to the Philippines being home to the world’s largest eagle, Asia is no doubt the place for extremes. So if you’re exploring the continent and looking …
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Posted on 12/05/2021

Top Dubai property developer Emaar says net profit rises 8 pct in first quarter

Dubai’s largest property firm Emaar Properties reported an 8 percent rise in first-quarter net profit on Monday.Emaar made 657 million dirhams ($179 …
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Posted on 11/05/2021

Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y

Dubai developer Emaar Properties said on Monday that its group property sales in Q1 2021 were $1.937bn, up 83 per cent compared to $1.058bn it reported in Q1 2020. The developer’s Q1 2021 revenue …
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