NEW YORK (Reuters) – The Knox Group of Companies, with headquarters in the Isle of Man, announced late on Tuesday it will launch a residential and commercial property development in Dubai valued at 250 million pounds ($325 million), with residences that …
( read original story …)
Emirates Towers Business Park to revive Dubai property market?
The recently announced AED5 billion ($1.36 billion) Emirates Towers Business Park is set to revive Dubai’s commercial property market after it has experienced slow growth over the past six months, according to the latest Dubai Office Market Bulletin for …
( read original story …)
UAE developers reveal property plans ahead of Cityscape
LONDON: UAE developers have revealed plans for a slew of new projects ahead of next week’s annual Cityscape real estate exhibition in Dubai. Nakheel, the developer behind Dubai’s Palm Islands, said it would launch projects worth more than 3.2 billion …
( read original story …)
Rate of Abu Dhabi property price declines gathers pace in H1
The rate of decline in Abu Dhabi residential property prices has increased in the first half of 2017 compared to the year-earlier period, according to Core Savills. Its latest report said that Abu Dhabi’s real estate market is witnessing a period of …
( read original story …)
Abu Dhabi property firms plan merger as market faces slowdown
Two major Abu Dhabi real estate developers, Eshraq Properties and Reem Investments, said on Wednesday they aimed to merge as an economic slowdown in the emirate puts the housing market under pressure. The companies said discussions were at an advanced …
( read original story …)
Abu Dhabi property developers Eshraq and Reem in ‘advanced talks’ for merger
Abu Dhabi real estate companies Eshraq Properties and Reem Investments confirmed that they are currently holding “discussions at an advanced stage” for a potential merger. If completed, the merger will create the second largest listed real estate …
( read original story …)
Abu Dhabi property firms plan merger as market struggles
DUBAI (Reuters) – Two major Abu Dhabi real estate developers, Eshraq Properties and Reem Investments, said on Wednesday they aimed to merge as an economic slowdown in the emirate puts the housing market under pressure. The companies said discussions were …
( read original story …)
Dubai’s property ladder
The lure of Dubai property has always been too good to resist for investors from the Sub-Continent. No surprise then that Indians have yet again topped the list of non-Arab investors pumping in money into Dubai real estate. According to statistics from the …
( read original story …)
UAE nationals top investors in Dubai property market
RELATED ARTICLES: Dubai Land Department adds new updates to Ejari app | Week in review: Back-up gensets at Dubai landmarks | Dubai Land Department and RusBiz ink helpdesk deal Emiratis top the list of nationalities that invested the most in Dubai’s real …
( read original story …)
Dubai real estate market focussing on developing unutilised land in urban areas
Muscat: Development of pockets of unutilised land within developed areas is a growing trend within Dubai’s heavily populated urban areas, signalling the start of a new phase of maturity in the local real-estate market, said an expert. However, this …
( read original story …)
Revealed: who is spending most in Dubai’s real estate market
Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are most active, outperforming all other nationalities.
( read original story …)
Dubai suburbs are becoming popular among tenants
More and more tenants in Dubai are increasingly moving from established communities to suburban areas. Landlords in suburban communities are offering relatively new properties at more competitive rents and terms. These neighbourhoods also deliver in terms …
( read original story …)
Why this luxury home developer thinks Toronto and Dubai real estate is alike
The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
( read original story …)
Abu Dhabi’s Bloom Properties begins work on JVC project
Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
( read original story …)
Bloom Properties Commences Enabling Works of Bloom Towers
Bloom Properties, a Bloom Holding business specializing in the … Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental …
( read original story …)
Trump’s Dubai business associates to build Versace-branded tower block in London
Luxury real estate developer DAMAC International is building a Versace-branded 50-storey skyscraper in London. DAMAC International has developed the Trump International Gulf Club Dubai and Trump-branded luxury villas. The prime central London property …
( read original story …)
Property firm owned by Irishman manages $100m in Dubai assets
A Dubai-based property management firm led by Irish businessman Paul Mallee has achieved a milestone of $100 million (€85 million) worth of assets under management and hopes to manage 500 properties by 2020. Maison Prive, founded by Mr Mallee and his …
( read original story …)