His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council issued Executive Council Resolution No. (5) of 2017 pertaining to the refund of fees collected for exceptions from planning and …
( read original story …)
How Expo 2020 will boost Dubai's property market
Dubai world expo 2020 will be the first large-scale international event to take place in the Middle East. The UAE should be proud of it. Dubai authorities have already pledged to organise it in a manner befitting of an international-level event. The six …
( read original story …)
Damac Properties Dubai PSC : mandates banks for US dollar debts – Agency
Dubai – Mubasher: Damac Properties has mandated banks for the sale of a US dollar-denominated debt, Reuters reported on Monday. The company has a $100 million sukuk issue maturing on 21 March and a $650 million sukuk issue maturing in 2019, the news agency …
( read original story …)
wasl Launches Karama Bazaar
wasl Asset Management, one of the largest real estate development and management companies in Dubai, has announced the launch of wasl Karama Bazaar, which will provide free stalls for Emirati small business owners. The event will be hosted at the Karama …
( read original story …)
Claims the design of new iconic skyscraper, the Dubai Frame, was stolen
“What do you do when the independent government agency trusted by the ruler of Dubai to regulate and monitor the real estate developer’s performance actually participates in a cover-up operation that deprives investors of their rights?” Oye sai
( read original story …)
Noor Bank partners with DAMAC Properties to offer home financing on select luxury residential units
The real estate industry represents one of the main pillars of the … on 4 February at an exclusive event at the DAMAC Hills Sales Center in Dubai. In addition to preferential pricing, the bank offered personalised service, discounted processing fees …
( read original story …)
Danube Properties unveils $82m project in Dubai
Dubai-based developer Danube Properties launched today its new $82m (AED300m), G+4 realty project called ‘Resortz’. The development project, planned for Dubai’s Arjaan neighbourhood, will consist of 444 units – 25 of which will be retail shops …
( read original story …)
DAMAC Properties Dubai (DAMAC:DU) Heffx Trading Outlook
Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 2.87. The projected lower bound is: 2.66. The projected closing price is: 2.76. A big black candle occurred.
( read original story …)
Dubai Real Estate News: Jumeirah Central
Jumeirah Central, Dubai’s new urban mixed-use district, will make its international debut at MIPIM 2017, the annual gathering of the world’s most influential international property players. Master planned by Dubai Holding, the global investment holding …
( read original story …)
Aldar Properties : TAQA, Aldar drag ADX down at Monday’s open
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) opened Monday’s trading session in the red, pressured by the fall of five stocks led by TAQA and Aldar Properties. The general index fell 0.06% or 2.79 points to reach 4,433.64 points by 10:50am …
( read original story …)
Dubai Real Estate Assets Returns Topped 120% Over a Decade
Nearly 10 years have passed since the World Financial Crisis, which commenced with a collapse in the sub-prime mortgage market in the USA. It later developed into a full blown international banking crisis causing equities, commodities and real estate …
( read original story …)
Abu Dhabi Financial Group to maintain growth strategy
The Abu Dhabi Financial Group (ADFG), an alternative investment company with US$5 billion in assets, will maintain its growth strategy this year after a busy 2016 that included investments in banking and property. The company doubled its revenue last year …
( read original story …)
Abu Dhabi tenants in limbo over Tawtheeq system
ABU DHABI // Property agents say they have hundreds of tenants left waiting without power because of a fault in the Tawtheeq housing registration system. More than three weeks after the latest computer system was introduced, residents are still spending up …
( read original story …)
Dubai Frame Approaches Completion Amid Allegations of Stolen Intellectual Property
The Dubai Frame is scheduled to open later this year. Image via Instagram user bachir_photo_phactory Dubai’s newest mega-attraction, a 150-meter-high, 93-meter-wide picture frame structure dubbed the “Dubai Frame” is approaching completion after a …
( read original story …)
Surprise Return of Abu Dhabi Rent Cap
The cap was first applied in 2006, but was abolished in late 2013, a move that helped spark steep rent rises as a broader rebound in the UAE property sector took hold in Abu Dhabi. Values are again in decline after Abu Dhabi’s government reined in …
( read original story …)
UAE- Invest wisely in off-plan property to reap good returns
(MENAFN – Khaleej Times) Dubai is the most populous city in the UAE. Once a major transport hub for passengers and cargo, the city is now powered by tourism, real estate and financial services. Though the city started its early development based on oil …
( read original story …)
Dubai real estate agent’s Dh5,000 renewal fee is far higher than normal
I am about to renew my tenancy for a two-bedroom villa in Mirdif. I received the renewal notice from the real estate agency stating that I need to pay Dh95,000 for the annual rent and Dh5,000 for the agency fee. Are they allowed to charge such a high …
( read original story …)