ABU DHABI (Reuters) – Aldar Properties (ALDR.AD) said on Monday it had reached agreement with Abu Dhabi’s Tourism Development & Investment Company (TDIC) to acquire real estate assets worth 3.7 billion dirhams ($1.01 billion), marking further …
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Abu Dhabi property prices continue decline in first quarter – report
Further corrections expected as Chestertons finds overall fall of 3% in rents with sales prices dropping 1-2% The Abu Dhabi real estate market softened further in the first three months of 2018, with sales prices and rents for both apartments and villas …
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Omniyat’s CEO on carving a property niche
For many Dubai landlords, the last 12 months will surely go down as a period to forget amid a wider downturn in the property market. Apartment prices and rents decreased 3 per cent and 2 per cent respectively from Q3 to Q4 2017, according to Chestertons …
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Abu Dhabi’s Aldar acquires $1bn of assets from gov developer
Abu Dhabi developer Aldar Properties has announced an agreement with the development arm of the emirate’s tourism authority to acquire real estate assets worth Dhs3.7bn ($1bn). The company said the deal represented one of the largest real estate …
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Aldar acquires $1bn Abu Dhabi prime real estate assets
Aldar Properties, a leading property development company in Abu Dhabi, UAE, said it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one …
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Dubai real estate: Not just a man’s world
Women buyers are an active part of Dubai’s real estate market and they continue to represent a growing share of total buyers. In Q1 2018, 2,431 female investors participated in 2,780 transactions and invested Dh4.4 billion in the Dubai property market …
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Dubai stocks dive to 27-month low on real estate woes
Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels. The Dubai Financial Market Index ended the day’s trading down 1.83 percent on 2,947.99 points breaching the 3,000-point …
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UAE’s Filipino expats target second property investment
Eighty percent of Filipinos living in the UAE plan to buy at least one property for additional income and retirement fund apart from their residential home, according to a new survey. The poll by the Philippine Property and Investment Exhibition (PPIE …
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Dubai Properties Recognised by Dubai Land Department at Fiabci World Real Estate Congress
Dubai Properties, a member of Dubai Holding, was presented with a commemorative award by the Dubai Land Department (DLD) to recognise its support as strategic partner of the 69th FIABCI World Real Estate Congress, that concluded in Dubai today. The award …
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UK nationals ‘pumped $8.4bn into Dubai real estate’
British nationals have invested nearly Dh31.1 billion ($8.47 billion) in Dubai’s real estate sector during the period from 2014 to 2017, according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest …
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Which Abu Dhabi areas had property sales and rentals dropping in Q1?
The Abu Dhabi property market heavily favoured renters and buyers in Q1 in 2018, with Bayut.com data showing price decreases in all areas. Both apartments and villas across the sales and rental sectors became increasingly affordable in Q1, with the …
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Property platform taps interest for digital…
Imagine if you could buy and sell a real estate asset at the click of a button? This could soon be possible courtesy Evareium, an entity which is launching a $90 million Dubai-focused real estate investment fund where investors can use digital currency to …
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Mayfair Exhibition Promotes Dubai Property to London’s Super-Rich
The prestigious London district of Mayfair is to be the stage for a lavish exhibition promoting the international launch of The 118, Dubai’s most luxurious residential skyscraper. Designed to market the ultra-prime residences to international super-rich …
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Dubai’s Emaar Properties sees profit jump thanks to strong retail market
Dubai’s Emaar Properties reported an 8.5 per cent increase in net profit on Tuesday on the back of strong contributions from its shopping malls business despite a weaker property market. Dubai’s residential property market is showing few signs of …
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Emaar Properties Q1 profit rises on retail revenue jump
DUBAI, May 1 (Reuters) – Dubai’s Emaar Properties reported an 8.5 percent increase in net profit on Tuesday on the back of strong contributions from its shopping malls business despite a weaker property market. Dubai’s residential property market is …
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Damac Properties Dubai PSC : supports the International Real Estate Federation’s 69th Conference to be held for the first time in the Middle East
DAMAC Properties announced its support to the Federation Internationale des Administrateurs de Bien-Conselis Immobiliers (FIABCI) which is hosting its FIABCI 69th World Congress 2018 in Dubai from 30 April – 2 May 2018, at the Dubai World Trade Centre.
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Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1
The Abu Dhabi residential property market heavily favoured buyers and renters in the first quarter with price decreases across the city, according to listings site Bayut.com. The company said rents fell by nearly a quarter in some areas compared to the …
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