The generous move from the Dubai property developer lifts the financial burden for residents in many of the city’s communities. This week, the UAE suffered its worst ever storm in its history as a …
Emaar announces free home repairs for damage caused by Dubai rains
Dubai property developer Emaar has announced it will repair damage to homes caused by heavy rain in Dubai free of charge. The announcement was made by Emaar’s founder Mohamed Alabbar, who said “Emaar …
Aldar Properties partners with Siemens to make Saadiyat Grove
Aldar Properties has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, …
UAE Property: ‘Does the Rera rent index apply to furnished apartments?’
Question: We rent a new furnished apartment in Dubai. Most residents are coming to the end of their first annual contract and have been informed of a 10 per cent to 15 per cent rent increase. However, …
Dubai real estate: Residential property market surges to $110 bn in Q1, says report
Building upon the record-breaking achievements of 2023, Dubai’s residential market continued its upward trajectory in Q1 2024, with an impressive 37,134 transactions totalling $109.8 billion, a new …
Alpha Dhabi to sell 49% stake in construction unit to ADQ
Abu Dhabi-listed Alpha Dhabi Holding will sell a 49 per cent stake in its construction subsidiary to investment conglomerate ADQ as the UAE capital focuses on growing its infrastructure as it …
residential development
An Abu Dhabi backed property group has bought Westminster Tower – the building which formerly housed Brexit’s Vote Leave headquarters – for £41m with plans to turn the office block into a new …
Rising rents in Dubai: Speculators, holiday home owners opting for long-term rentals of their properties
Speculators and holiday homeowners who used their Dubai properties just a couple of times in a year are increasingly opting to rent for full-year it out to..
Dubai: Flipping virtually non-existent in residential property
Farooq categorises flipping where a property has been sold in under one year. “Most of the buyers are pretty mature and they have a long-term vision and to diversify their investments in Dubai for …
UAE real estate: Ajman property transactions hit $398mn in March
Official statistics show real estate transactions in Ajman totalled 1,169 in March, representing a nearly 50 percent increase compared to the same period last year. The total value of these …
Inside Mukesh Ambani’s son Anant Ambani’s villa worth Rs 640 crore in Dubai
The luxurious villa is spread over 33,000 square feet of land. That has 70-metre-long private beach and is furnished with sober Italian marble. These business magnates are known for owning not just …
Abu Dhabi, Dubai Property Transactions Sustain Momentum in Q1 2024
MENA’s leading property portal has revealed key data from its Market Watch digest report for Q1 2024. While Abu Dhabi recorded spikes in ready property transactions, Dubai sustained a growing interest …
Dubai real estate trends: Best areas for villa and apartment investments revealed; off-plan v ready property sales increases, rental yield hits 7.3%
Dubai real estate is thriving at the start of 2024, but which areas have seen biggest price rises in the past year?
UAE president buys £65m Chelsea mansion complete with swimming pool, cinema room and car lift in one of London’s biggest home purchases since the Covid pandemic
which had been linked to Russian property investor Andrey Goncharenko. MBZ, 63, is the third son of Sheikh Zayed bin Sultan Al Nahyan, and became crown prince of Abu Dhabi in 2004 before becoming the …
Existing property transactions sustain momentum: report
Dubai: Data from the Dubai Land Department (DLD) showed a significant surge in total sales transactions in Q1 2024. The number of transactions recorded was the second highest transaction for the …
Dubai real estate: New RERA calculator reset to limit landlord rent hikes, boost transparency, say experts
Dubai landlords could seek a rental evaluation to adjust rental rates based on the outdated calculator’s benchmark …
Dubai real estate: Off-plan v ready property sales figures revealed, 36,000 sales transactions in Q1
Dubai real estate continues to be hot property as investors snap up more than 36,000 homes in first three months of the year …