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Tag: property

Posted on 14/02/2019

Abu Dhabi’s Aldar posts $708m profit as 2018 revenues grow 3%

Abu Dhabi developer Aldar Properties has posted $1.7bn (AED6.3bn) in revenues for 2018, up 2% on 2017 figures, boosted by asset acquisition and the collection of final payments. The Abu Dhabi developm…
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Posted on 13/02/2019

Property prices crash in DUBAI: Real estate values fallen by a quarter in four years as demand drops

Property prices in Dubai have fallen by around a quarter in under four years, a new report reveals. The drop in the market of around 25 per cent has been blamed on oversupply of high-end luxury develo…
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Posted on 13/02/2019

Video: Why have property prices fallen by 9.5% in the UAE?

Apartment prices on the Palm Jumeirah, one of Dubai’s most popular places to live, fell by 9.5 percent during 2018. The UAE Property Report by Savills also showed that capital values across Dubai Mari…
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Posted on 13/02/2019

Property Prices Tumble in Dubai

DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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Posted on 12/02/2019

Property Prices Tumble in Dubai, a Mecca for the Superwealthy

DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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Posted on 12/02/2019

Imkan to turn Abu Dhabi park into an open-air green space

UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to help transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional gree…
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Posted on 12/02/2019

Three reasons why Dubai property market will likely rebound after two years

Expo 2020 boost: Real estate investment management experts JLL expect the Dubai property market to hit bottom in 2021, with the city getting a lift from the World Expo 2020, which is expected to host …
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Posted on 10/02/2019

MIDEAST STOCKS-Saudi slides on weakness in blue-chips, UAE hit by property woes

Abu Dhabi shares were hit by selling in Aldar Properties which ended 1.9 percent lower and First Abu Dhabi Bank which dropped 0.9 percent. Dubai was dragged down by DAMAC Properties , which dropped 3. …
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Posted on 10/02/2019

Abu Dhabi sets up new energy company to help develop the water and power sector

The new entity will own the money, property, stakes and shares of all companies of the Abu Dhabi Department of Energy, the statement added. The company will also own all of the assets of the departmen…
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Posted on 09/02/2019

Is it time to allow foreign lenders into the UAE mortgage market?

The UAE is ripe for property investment, with thriving industries and large expat communities. But high deposit rates and restrictions on lending are holding it back. Opening the door to foreign …
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Posted on 09/02/2019

Rents are falling… Who wants to move to a new home in UAE?

Falling rents in the UAE are a good reason to move into a brand-new apartment or villa in a desirable location. However, independent studies and reactions from real estate companies, property builders …
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Posted on 08/02/2019

Dubai property glut on show in worst week for stocks since 2016

Dubai stocks are giving investors an update on the woes confronting the local real-estate industry. The DFM Real Estate & Construction Index has fallen about 7% in the past five days, the biggest week…
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Posted on 07/02/2019

Ups and downs of real estate essential for market maturity

Dubai’s real estate market has always been one of the cornerstones of this country’s success. Whether you’re talking about architectural feats such as the Burj Khalifa or the probability that you boug…
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Posted on 07/02/2019

‘Suits’ star Gabriel Macht features in tongue-in-cheek Dubai real estate advert

A new Dubai Properties advert has landed, starring none other than Suits’ Gabriel Macht aka Harvey Specter. And in the advert, which advertises a new Jumeirah community of luxury homes called Madinat …
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Posted on 07/02/2019

Homefront: ‘What deposit do I need to secure a mortgage in the UAE?’

SM, Dubai At the end of 2013, the UAE Central bank changed its lending criteria which meant an expatriate could secure 75 per cent of a home’s value in mortgage finance for a ready property up to the …
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Posted on 06/02/2019

Affordability key to UAE’s residential property market

Affordable housing is set to gain traction in the UAE as property developers shift their focus to this segment by targeting the middle-income population in a bid to double their share in total real es…
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Posted on 04/02/2019

MIDEAST STOCKS-FAB elevates Abu Dhabi, COMI lifts Egypt

Abu Dhabi closes at highest in more than four years * ADCB reaches its highest in more than 13 years * Property stocks continue to slide in Dubai * Egypt bule-chip index rises for eighth straight day …
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