The hospitality arm of Dubai-based developer Damac is looking to increase the number of hotel rooms it has in its pipeline. Hussain Sajwani, chairman of Damac, said Damac Hotels & Resorts intends to go beyond the current 13,000 keys being developed …
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Dubai Land Department supports economic diversification strategy
… a number of new initiatives aimed to support the emirate’s economic diversification strategy by establishing Dubai’s real estate sector as the world’s leading property destination. The initiatives will see DLD developing a new mortgage and …
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Average Abu Dhabi property prices fall 1% during Q1
Average residential sale prices in Abu Dhabi declined by around 1 percent in the first quarter of 2018 and by 5 percent annually, according to consultants CBRE. Its Abu Dhabi Market Overview report said secondary market transactions in particular suffered …
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Expo 2020 Dubai: building a legacy
This leads to questions on the real estate impact of World Expo 2020 in Dubai, an event that has generated an estimated $50 billion (Dh183.62 billion) in direct and indirect investments, with $8 billion being allocated to transport and infrastructure …
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Dubai Developer Offers 24 Percent Guaranteed Rental Returns to Attract Realty Investors
Gemini Property Developers, a Dubai-based boutique real estate developer, has announced a 24 percent guaranteed rental returns for the first three years to investors of the Dh300 million Gemini Splendor at MBR City, with handover of the apartment in just …
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RAK Properties sets new benchmark of excellence in Ras Al Khaimah
Arabian Business hosted the Arabian Business Real Estate Awards in Dubai to honour businesses and business leaders who are visionaries and pioneers in real estate. The awards recognise outstanding achievements and accomplishments in the sector which is one …
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Five things to know about Dubai real estate projects completing in 2018
The city’s latest building boom is resulting in a number of projects that will be handed over this year The city’s latest building boom is resulting in a number of projects that will be handed over this year 2 of 6 1. Burj Vista Apartments: Developed by …
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Nakheel to sell 1,150 apartments near Dubai’s Dragonmart
MADRID: The property developer Nakheel is set to begin selling about 1,150 apartments in a major tower development to be built at its Dragonmart retail complex on the outskirts of Dubai. The Palm Islands developer is tendering the project, which was …
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Aldar to launch $2.7bn mega project near Dubai-Abu Dhabi border
Aldar Properties has announced the launch of a new AED10 billion ($2.7 billion) masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, which sits close to the border of Abu Dhabi and Dubai.
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Kerzner plans new One&Only property in Dubai
Dubai does it again – One&Only hotel will be part of the One Za’abeel development which has the world’s largest cantilever – it ‘floats’ 100 metres above ground… The group will launch a hotel within the One Za’abeel development, seen as Dubai’s …
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Emaar Properties : Mega-malls? Think ‘village squares and parks,’ says Emaar boss
Mohammed Alabbar, chairman of the Dubai-listed Emaar real-estate company: ‘You should update your business as often as your phone.’ (AFP) The nature of entertainment was also changing fast, he said. “We are designing malls now with parks, music …
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Abu Dhabi’s Aldar Properties eyes new acquisitions
Aldar Properties plans more acquisitions as it sees opportunities in a slowing property market, its chief executive said on Tuesday. Late last year the Abu Dhabi-based developer bought an office tower in the emirate for Dhs658m ($179m). Read: Abu Dhabi’s …
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Closing The Gap: Bayut.Com Is Making Its Presence Felt In the UAE Property Tech Race
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Haider Ali Khan, CEO of properties portal Bayut.com, believes that his enterprise can be considered as a “driver of change” in its sector- and that’s a …
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No politician on FIA list of UAE property owners
To the surprise of many, the Federal Investigation Agency (FIA), on the directive of the Supreme Court, recently compiled a list of Pakistanis who own property in the United Arab Emirates. The list does not carry the name of a single politician, despite …
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Caesars Entertainment to bring its first non-gaming properties on a Dubai man-made island
In late 2018, Dubai-based Bluewaters Island is expected to become home to Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai — both of which will represent Caesars Entertainment’s first non-gaming resorts . Situated along the beachfront on a …
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Developer Nakheel plans new malls outside of Dubai
MADRID (Reuters) – Property developer Nakheel expects to sign more deals to build shopping malls outside its base of Dubai, its chairman told Reuters, as its home market matures and development picks up in other parts of the United Arab Emirates.
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FIA ‘finds’ no politician with property in UAE
The Federal Investigation Agency (FIA), on the directives of the Supreme Court (SC), recently compiled a list of Pakistanis who own property in the United Arab Emirates (UAE) and the list does not carry the name of a single politician, despite the widely …
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