There was some good news for tenants this week after it was revealed Dubai apartment rents have dropped 15.9 percent in a year, meaning this could be your big chance to haggle for a discount. In fact, …
( read original story …)
Call for intervention sought for Dubai’s hospitality sector as room rates drop below Dh100 a night
Image Credit: Virendra Saklani/Gulf News Dubai: Only drastic cuts to fees and commissions on hotel bookings can ensure the longer term survival of three- and four-star properties in Dubai …
( read original story …)
Cityscape Abu Dhabi: 27 projects approved in Q4
The Abu Dhabi Urban Planning Council (UPC) has approved detailed master plans… Reem Mall among projects to get planning approval by UPC. The Abu Dhabi Urban Planning Council has approved 27 major …
( read original story …)
Address Beach Resort to open in Dubai next month
Emaar Hospitality Group has announced that its premium beachfront property, Address Beach Resort, being developed by Al Ain Holding, is set to open its doors in December.
( read original story …)
Dubai property prices ‘to stabilise in 2016’
Prices set to start rising after declines this year, real-estate firm Core Savills forecasts. Dubai property prices, which have been declining since… Gavin Davids visits the $217.7m mixed-use …
( read original story …)
US President-elect Joe Biden’s win “bullish for Dubai property cycle”
Former US Vice President and current US President-elect Joe Biden’s resounding win in the American presidential elections over incumbent President Donald Trump, as well as news from pharmaceutical …
( read original story …)
Dubai’s billionaire ruler Sheikh Maktoum wins battle with his neighbour to build six-bed lodge for family members at his Scottish Highlands estate
Sheikh Maktoum’s proposal was refused by Highland Council in June but he took his appeal to Scottish government. Last week he gave £30k for local affordable housing.
( read original story …)
Omniyat’s $680mln Dorchester Dubai project 60% completed
Leading regional property developer Omniyat has announced that more than 60 per cent of the work has been completed on its architectural showpiece, The Residences, Dorchester Collection, Dubai, being …
( read original story …)
COVID-19 spurs Dubai-based belly dancer to double up as property agent, digital trader
Brazilian expat says adaptability is the name of the game to survive amid pandemic Dubai: Adaptability is the name of the game during the COVID-19 pandemic and Rafaela Soares, a professional belly …
( read original story …)
Property market activity, consumer confidence gain traction
Property prices continued to decline in Dubai and Abu Dhabi in the third quarter even as market activity and consumer confidence gained traction with the easing of pandemic curbs and hopes of a sooner …
( read original story …)
Dubai’s Emaar Properties receives $11.09bln from backlogs
Dubai – Emaar Properties has received AED 40.758 billion ($11.097 billion) from the sales of backlogs, the company’s CEO, Amit Jain, announced on Wednesday. Jain referred that this amount will be …
( read original story …)
Regeneration plans revealed for historic Abu Dhabi trading hub
A historic part of Abu Dhabi is to be redeveloped with a total overhaul of souks and markets, it has been announced. The Department of Municipalities and Transport (DMT) and Modon Properties have …
( read original story …)
Dubai developers urged to stop delaying property sales registration
Dubai: Developers in Dubai must be made to complete registration of sales deeds in seven days rather than the 60-day window given to them to prevent misuse, according to the head of a brokerage firm.
( read original story …)
Aldar Properties launches $256.13mln residential community
Located in close proximity to Aldar’s flagship Yas Acres, Noya offers residents the opportunity to combine the luxury of living on Yas Island …
( read original story …)
Abu Dhabi unveils comprehensive Mina Zayed renovation plan
The Mina Zayed Wharf is being redeveloped as part of an overall plan to revitalize designated areas in order to elevate its position as one of Abu Dhabi’s iconic landmarks …
( read original story …)
Dubai and Abu Dhabi become more affordable
Dubai and Abu Dhabi became more affordable this year, as the cost of living declined due to a drop in oil prices and deflationary pressure, says a …
( read original story …)
Abu Dhabi government employees must live in the emirate to receive housing, education allowances
Emirati and non-Emiratis who live in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade, including non-Emirati employees who own property in the emirate …
( read original story …)