(MENAFN – Khaleej Times) The sharp rise in US Treasury, British gilt, German Bund and other government bond yields is a disaster for real estate investment trusts (Reits) worldwide, including those in the GCC. In the $1.2 trillion US Reit market, prices of …
( read original story …)
No Rebound for Dubai Property as Slump Drags On
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the homeowner was ready to accept a 20 percent cut on the still vacant property. The broker, Akbar Ladak, wasn’t surprised. More landlords …
( read original story …)
Abu Dhabi developer Modon appoints Arabtec for show villas in mega project
Abu Dhabi developer Modon Properties has appointed Dubai’s Arabtec Construction to build a show village in Khalifa City, it announced on Tuesday. It will feature nine show villas targeted at Emiratis and is expected to be ready by the fourth quarter of …
( read original story …)
Dubai among world’s best for FDI in real estate sector
Dubai is among the world’s top destinations for foreign direct investment (FDI) in the real estate market, according to new research from consultants JLL. In a new report entitled “World Cities: Mapping the Pathways to Success”, JLL identified Dubai …
( read original story …)
Dubai’s Ultra-Wealthy Population Poised for Boom
Ultra-wealthy residents of Dubai will grow by 60% over the coming decade, refueling the currently depressed luxury property market there, according to a report released Wednesday by Knight Frank. The city’s ultra-high-net-worth population—those worth …
( read original story …)
Dubai’s Damac issues new tender for Aykon City tower
Damac Properties on Monday said it has issued a new tender for main works for a second tower at its six-tower, premiere luxury master development, Aykon City, overlooking Dubai Canal. The tender will be awarded for the tower construction which includes …
( read original story …)
Dubai Land Dept values properties worth $78bn in 2017
Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over Dh287 billion ($78.1 billion) — the highest value ever recorded — in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate …
( read original story …)
Omniyat’s Dubai Water Canal project to be managed by Dorchester Collection
The property developer also announced that the project was designed by award-winning architectural firm Foster + Partners. Located at Marasi on Dubai Canal, Private Residences will be one of the first in the region to be managed by the London-based …
( read original story …)
A Philippine unicorn is building prefab homes in Dubai’s World Islands
Conceived by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, The World Islands are a project of state-run developer Nakheel Properties. Your browser does not support the video tag.
( read original story …)
Revolution Precrafted tapped for Dubai project
By Arra B. Francia, Reporter REVOLUTION PRECRAFTED is partnering with a luxury property developer for a $3.2-billion project in Dubai, as the start-up pushes expansion overseas in a bid to be valued at $10 billion by 2020. The company announced on Monday …
( read original story …)
Antonio-led firm bags $3.2-billion Dubai deal
REVOLUTION Precrafted Properties Philippines Inc., a company led by one of the sons of former Ambassador Jose E.B. Antonio, said it bagged a $3.2-billion deal that will supply Dubai-based luxury property developer Seven Tides Ltd. to manufacture and supply …
( read original story …)
A humble tree native to Middle East holds strong anti-colon cancer properties, find Abu Dhabi researchers
The tree Rhus coriaria, which grows in parts of the Arab world including Jordan, has long proved useful to people in this region. Its oil can be turned into candles, its pigments are used as dyes and its fruits are crushed to provide spices. UAE research …
( read original story …)
Dubai Land Department conducts valuations worth $78bn in 2017
The Dubai Land Department (DLD) conducted 8,173 real estate valuations worth more than AED 287 billion ($78.1 billion) in 2017, the highest value ever recorded. According to a report issued by Taqyeem, Dubai’s Real Estate Appraisal Centre, valuations …
( read original story …)
Can I secure life-long residency in the UAE if I buy a property?
I am an Indian citizen and I want to invest in Dubai to secure residency. If I buy property in Dubai, will they give me a lifelong residence visa? What are the criteria to get a visa if I buy an apartment? SS, India It is not possible for any non-GCC …
( read original story …)
Indian Nationals Invested $22.6 Billion in Dubai’s Real Estate in 5 Years
Properties worth Dh83.65 billion ($22.6 billion) were bought by Indian nationals in Dubai from 2013 to 2017, according to statistics compiled by the Dubai Land Department (DLD). Indian nationals, who are the biggest foreign investor group in Dubai’s real …
( read original story …)
Modon Properties Appoints Contractor to Build Five Temporary Mosques in Riyadh City
Modon Properties, an Abu Dhabi master developer building vibrant and sustainable communities and strategic mixed-use developments, today announced that works have started on the construction of five temporary mosques across the northern part of Riyadh City.
( read original story …)
Dubai Properties launches 157-berth Marasi Marina
Dubai Properties has officially launched Marasi Marina, the first fully-operational jetty at the Dubai Water Canal, making it the only marina in the heart of the city. The 157-berth, members-only marina spans an area of 40,000 sq m and is the latest …
( read original story …)