Tag: property

The UAE’s property market is expected to be a key beneficiary of a new 10-year visa system announced on Sunday, investors and developers said. Trading of property stocks rose in Dubai and Abu Dhabi in early trading on Monday, with Dubai’s Emaar …
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DUBAI, May 21 (Reuters) – Property stocks in Dubai and Abu Dhabi rose in early Monday trading after the United Arab Emirates approved a system to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 4 percent and …
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Upcoming changes to Abu Dhabi’s residency regulations could open the floodgates to the emirate’s property sector, experts have said. Abu Dhabi’s Executive Council and the UAE Cabinet are poised to make a number of amendments to the current residency …
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Dubai Properties has said that its flagship project 1/JBR – taking shape on one of the final plots of land in the Jumeirah Beach Residence (JBR) district – is on track for handover by the end of 2019. The deveoper said in a statement that 1/JBR will “set …
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However, rents are expected to see an uptick in 2019 and 2020. Market observers, therefore, believe now is an ideal time to buy property in Dubai before the US Federal Reserve increases interest rates, forcing mortgage buyers in the UAE to shell out more …
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offering an immediate move-in experience in one of Dubai’s most sought-after areas,” said Ali Sajwani, general manager of operations at Damac Properties. “We are looking forward to adding Tower 108 to our growing portfolio of completed towers that …
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Abu Dhab: HSBC on Tuesday launched home loans for select properties in Abu Dhabi in response to increased demand from customers. Eligible prospective home buyers interested in the Abu Dhabi market will be able to secure home finance with HSBC for completed …
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Leading Chinese real estate group has opened its regional office in Dubai, UAE. The launch of the company’s 8000-sq-ft unit at Emaar Square Downtown, coincides with its prominent participation in Dubai Expo 2020. With this move, Fidu has now officially …
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Off-plan sales played a large role in pushing Dubai’s overall property transactions to a whopping Dh258 billion in 2017, a 10 per cent increase from the previous year. But as we approach the middle of 2018, amidst the launch of several new off-plan …
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UAE. Over the last 6-12 months there has been a reversal of trends from off-plan to ready units as money flows switch from the former to the latter. There has been a slump in off-plan sales, while ready transactions remain relatively stable. This …
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Many parts of Dubai have seen a decline in residential property prices over the last year and the luxury segment was no exception, with prime property prices falling 3.3 per cent last year, according to Knight Frank’s Prime International Residential Index.
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Abu Dhabi’s largest developer Aldar Properties reported a 5 per cent rise in first-quarter profit on Tuesday, beating analysts’ forecasts but mostly due to revenue from a stake sale. The property market in United Arab Emirates remains under pressure as …
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ABU DHABI, May 15 (Reuters) – Abu Dhabi’s largest developer Aldar Properties reported a 5 percent rise in first-quarter profit on Tuesday, beating analysts’ forecasts but mostly due to revenue from a stake sale. The property market in United Arab …
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Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, posted a 45 per cent drop in first-quarter profit from a year earlier although profit rose marginally from the previous quarter. The results came as …
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Dubai matters. The city pulled in the second highest number of international brands (59) after Hong Kong (86) in 2017 and ahead of Taipei (52) and London (49), according to the latest rankings from CBRE, the property consultancy. In 2016, Dubai had …
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In the recent past, this has manifested itself in the form of Dubai Properties’ 1/JBR, Meraas’ Bluewaters Island and Nikki Beach, Sobha Group’s District One and Hartland in MBR City, and the most recent Tilal Al Ghaf announced by the Majid Al Futtaim …
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Eshraq Properties (Eshraq), an Abu Dhabi-based real estate company, has achieved a net profit of Dh7.75 million ($2.2 million) for the first quarter compared to a net loss of Dh950,000 ($258600) for the same period last year. The real estate company listed …
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