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Tag: property

Posted on 25/07/2020

Dubai records $19.75bln H1 property transactions despite Covid-19 pandemic

Dubai’s real estate market witnessed transactions worth Dh24.5 billion in the first half of 2020, despite the impact of the global Covid-19 outbreak, according to a report issued by the Dubai Land …
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Posted on 25/07/2020

Dubai records Dh72.5 billion H1 property transactions despite Covid-19 pandemic

In terms of investments, the report states that in Q1 2020, 9,160 investors concluded 11,940 investments worth Dh21.2 billion.
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Posted on 23/07/2020

Positive real estate outlook: Abu Dhabi property sales set to increase in H2 2020

Sales volumes in Abu Dhabi’s real estate market are expected to rise in the second half of 2020, as developers are likely to offer a bevy of incentives to serious buyers, a recent report by global …
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Posted on 21/07/2020

Property in UAE: House prices to drop more due to excess supply, reports Moody’s

Conservative financial policies and strong liquidity will remain a credit strength for the UAE real estate companies while their operating environment continue to deteriorate as the economy slows on …
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Posted on 20/07/2020

Coronavirus to exacerbate Dubai chronic property oversupply -Moody’s

Dubai’s property sector is expected to weaken further as the coronavirus pandemic’s impact exacerbates oversupply, credit ratings agency Moody’s said in a report on Monday. DUBAI, July 20 (Reuters) – …
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Posted on 20/07/2020

Dubai’s property prices soften in H1 amid Covid crisis

Property prices in Dubai’s popular neighbourhoods have softened during the first half as conditions become more favourable for buyers and renters amidst the ongoing Covid-19 crisis, according to a …
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Posted on 19/07/2020

How Dubai Metro’s Route 2020 will impact property prices, rents

Dubai earlier this month inaugurated Route 2020, a 15km extension to the Dubai Metro’s Red Line, linking Jebel Ali, Discovery Gardens, Al Furjan, Jumeirah Golf Estate, Dubai Investment Park and the …
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Posted on 19/07/2020

Abu Dhabi Capital announces Imkan CEO departure

Abu Dhabi Capital Group (ADCG) has announced that Imkan Properties CEO Walid El Hindi has decided to step down from his role to pursue his own interests, after leading the Emirati property development …
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Posted on 19/07/2020

Minor Hotels, Seven Tides unveil new property in Dubai

Located in the Jebel Ali area of Dubai and in close proximity to the Expo 2020 Dubai site, the 396-key property and Ibn Battuta Gate complex are well known for the iconic gate design which has become …
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Posted on 19/07/2020

Seven Tides Appoints Minor Hotels to Manage Ibn Battuta Gate Property

396-key Ibn Battuta Gate property in Dubai. UAE-headquartered upscale residential, hospitality, and commercial property developer Seven Tides has confirmed Minor Hotels will be the new operator of its …
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Posted on 17/07/2020

It’s proving a long wait for some Dubai property owners to get their homes

All good except for the handover…. Ahmed and Hussein Ghannaj are still waiting for their unit handovers to commence. Image Credit: Virendra Saklani/Gulf News Dubai: Buying a property when a project …
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Posted on 16/07/2020

Overseas investor base in Abu Dhabi’s ADX rises by 25% in H1 2020

TAQA is now one of the largest companies on ADX. Property developer Wahat Al Zaweya, Agthia, Abu Dhabi Islamic Bank and Methaq Takaful Insurance raised their limits for foreign investors during H1.
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Posted on 16/07/2020

Abu Dhabi’s ADX expects one IPO and listing of an ETF by end of 2020, CEO says

ADX chief executive Khaleefa Al Mansouri said The Abu Dhabi Securities Exchange expects an initial public offering and the listing of an exchange-traded fund in the second half of the year as the …
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Posted on 15/07/2020

UAE: Ever thought to buy property in Spain? We have the answers!

Spain remains one of the most popular destinations for foreigners to buy property, either for retirement purposes, investment income or as a second home. For Europeans, Spain’s varied climate offers …
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Posted on 15/07/2020

Modon begins work on 15 mosques in Abu Dhabi, Al Ain

Abu Dhabi’s Department of Municipalities and Transport (DMT) has begun work on 15 mosques in Abu Dhabi, Al Ain, and Al Dhafra this month, in collaboration with Modon Properties (Modon), a subsidiary …
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Posted on 14/07/2020

fam Properties goes big on Dubai real estate data

Dubai: A data-focussed property portal and app has been launched by fam Properties, offering trends on Dubai sales and other key info. These are based on data churned out by Dubai Land Department. “It …
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Posted on 13/07/2020

15 new mosques to come up in Abu Dhabi

The development has been started by the Department of Municipalities and Transport, Abu Dhabi, in collaboration with Modon Properties, a subsidiary of ADQ mandated by the Government of Abu Dhabi to …
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