RELATED ARTICLES: Abu Dhabi rents drop by 2.1% in Q1 2018 | CEO of Abu Dhabi’s Bloom ‘seriously’ eyeing Dubai merger | Has Dubai’s property market finally stabilised? Apartment and villa sales and rental rates in Abu Dhabi have continued to drop in 2018 …
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MIDEAST STOCKS-Property stocks lift Dubai after UAE long-term visa move
DUBAI, May 21 (Reuters) – Dubai stocks climbed to a more than two-week high on Monday, as sentiment for property shares was lifted by a decision of the United Arab Emirates’ government to grant residency visas of up to 10 years to investors and specialists.
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UAE’s visa move boosts Dubai property stocks
DUBAI: 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 per cent and DAMAC Properties …
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Longer Visas Could Prop Up Sickly U.A.E. Property Markets
As homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake the property market out of its long slumber, the government will offer potential buyers something the companies can’t: the right to stick around. A decision to extend visas …
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UAE’s 10-year visa expected to boost property market
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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MIDEAST STOCKS-UAE’s visa move for investors boosts Dubai property stocks
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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Residency changes could open the floodgates to Abu Dhabi’s property sector, say experts
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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Flagship Dubai project 1/JBR set for end-2019 handover
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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Buy or Rent a Home in Dubai?
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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Damac nears completion of Dubai tower construction
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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HSBC launches home loans for Abu Dhabi properties
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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China’s Fidu Properties opens office in Dubai
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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Dubai 2.0 has arrived
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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Dubai real estate market: Arbitrage
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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Luxury property market keeps its shine
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 Aldar sees Q1 profit rise after stake sale
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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UPDATE 1-Stake sale helps lift UAE’s Aldar Properties first-quarter profit
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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