Abu Dhabi National Hotels chief executive officer Khalid Anib In November last year, ADNH agreed to buy five hotels from Emaar Hospitality, a unit of Emaar Properties for 2.2 billion dirhams. The …
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Dubai sees property deals worth $1.52 during Ramadan 2019, analysis finds
Property Finder’s Research & Data team finds a 51% increase in off-plan property deals for 2019 compared to previous year Property deals cumulatively worth $1.52 billion were transacted in Dubai …
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Dh5.6b property deals transacted in Dubai during Ramadan
(MENAFN – Khaleej Times) Property deals cumulatively worth Dh5.6 billion were transacted in Dubai during Ramadan this year. There were off-plan transactions worth Dh2.63 billion, an increase of 51 …
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Abu Dhabi’s Aldar launches Dhs1.7bn residential project for UAE nationals
Abu Dhabi developer Aldar Properties launched Alreeman II, a Dhs1.7bn residential project in the Alshamkha area, available exclusively for purchase by UAE nationals. Spread across an area of 2.4 …
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Dubai property deals top $1.5bln during Ramadan
Property deals cumulatively worth Dh5.6 billion ($1.52 billion) were transacted in Dubai solely during Ramadan this year, according to analysis by the Research & Data team at Property Finder, a …
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Cityscape chases big property spenders with invite-only day in Dubai
Cityscape Global, the region’s largest real estate event, will mark its 19th edition by launching an invitation-only day on September 25 at Dubai World Trade Centre (DWTC). Designed to engage …
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Average Dubai property prices down 14.5% in last 12 months
Average property prices in Dubai have declined by 14.5 percent in the past year to May, according to new research. Real estate data platform Property Monitor released its Dubai House Price Index for …
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Dubai Expo 2020 to boost real estate business in UAE: experts
Dubai – Mubasher: The real estate companies operating in the UAE are facing major challenges that have slowed down their profits and revenue in the first quarter of 2019, economists told Mubasher. Net …
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Dubai’s luxury home sales see mini-resurgence
Dubai: Dubai’s property market is seeing a mini-resurgence in luxury home sales after a rather dull run last year. And the numbers prove it. In the first five months of this year, the number of …
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Abu Dhabi, Al Ain malls hold 24-hour Eid sales
… eight malls during the round the clock 24-hour sales festive Eid sales in a collaboration between DCT Abu Dhabi and Line Investments & Property. Wajeb Al Khoury, director of Line Investments & …
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Abu Dhabi fund is said to take full ownership of prime Manhattan office tower
The deal would give the Abu Dhabi fund, already the building’s majority holder, full ownership. Vornado on Monday said it agreed to sell its interest in the property as part of a “buy/sell process …
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Dubai offers long-term residence, retirement visas to lure wealthy Chinese to boost slumping property market
Dubai has set its sights on wealthy foreign investors, including the Chinese, by offering sweeteners such as long-term residence visas and retirement options, amid a slump in property prices. Dubai, …
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Dubai is most affordable among expensive cities
Regional financial capital Dubai is the most affordable market for luxury property market among the world’s top 10 cities as the average price declined 84 per cent from its peak level in the last five …
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Long Visas Attracts International Real Estate Investors to Dubai
Dubai witnessed 33 per cent surge in transactions, worth Dh34 billion in first five months of 2019. International investors have shown significant interest in the UAE’s real estate market following …
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Is it legal for Dubai real estate agents to ask for your salary certificate?
I viewed an apartment in Dubai and decided to go for it. However, when I approached the real estate firm, an agent told me that I needed to submit a salary certificate and a three-month bank statement …
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Fund flows will reset Dubai property values: Be patient with real estate price recoveries
Despite Dubai’s property transactions rising for the first five months, the literature on real estate is still replete about prices falling … and of an unquantifiable supply pipeline. It is absurd …
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Dubai’s real estate reforms keep the city vibrant
In Dubai, the real estate sector is usually the topic of discussion during meetings and community gatherings. Many people talk about the sector as if they are experts, big investors or owners of …
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