June 9 (IFR) – Emaar Properties plans to offer up to 30% of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange since Emaar Malls 2-1/2 years ago. The IPO is the result of an internal review of …
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What a solid property investment in Dubai looks like
I am about to purchase an investment property and would like to hear your opinion before going ahead. The property I am interested in buying is located in the Jumeirah Village Circle area of Dubai. It is a four-year-old, three-bedroom flat spread over …
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Emaar plans IPO of up to 30% of UAE property business
Emaar Properties, the global real estate company, has announced that it plans to offer up to 30% of its UAE real estate development business in an initial public offering (IPO), which will be the largest since the Emaar Malls IPO in 2014. In a statement to …
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Emaar to sell 30% of UAE property business
Dubai: Emaar Properties, the Dubai-based developer, plans to sell as much as 30 per cent of its real estate development business in the UAE in an initial public offering (IPO). The funds raised will primarily be distributed as a dividend to Emaar’s …
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Emaar to sell up to 30% of UAE property business in Dubai IPO
Dubai: Emaar Properties PJSC, the Dubai-based developer of the world’s tallest skyscraper, plans to sell as much as 30% of its real estate development business in the United Arab Emirates in an initial public offering. The funds raised will primarily be …
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Abu Dhabi’s Al Maha Arjaan Rotana completes US$14m renovation
The completed renovation encompasses the property’s 288 guestrooms … Al Maha Arjaan by Rotana has always been an iconic hotel in Abu Dhabi. The renovation project was an important step for our owners and for Rotana to provide new levels of accommodation …
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Abu Dhabi’s Al Maja Arjaan Rotana completes US$14 million renovation
The completed renovation encompasses the property’s 288 guestrooms … Al Maha Arjaan by Rotana has always been an iconic hotel in Abu Dhabi. The renovation project was an important step for our owners and for Rotana to provide new levels of accommodation …
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To the infinity pool and beyond: New hotel opens in Dubai with the most Instagram-worthy sun-loungers in the city
this marks the first international property for Dukes under the Dukes Collection umbrella.’ Dukes Dubai consists of 279 guestrooms, including 64 suites, a ladies-only Liberty Duchess floor featuring 20 rooms furnished exclusively by Liberty Fabrics …
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Bloom Properties commences main construction works of Soho Square at Saadiyat in Abu Dhabi
Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has commenced the main construction works at its ‘Soho Square’ urban development on Saadiyat in Abu Dhabi. Bloom Properties has …
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What happens when your rented property gets a new owner?
You may reside in the property until the expiry of your tenancy contract in accordance with Article 28 of Law No. 26 of 2007 regulating the relationship between landlords and tenants in Dubai, which states, “Transferring the ownership of real property to a …
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Abu Dhabi index leads regional losses on selling in banks
Dubai: The Abu Dhabi index fell more than 1.5 per cent weighed by selling in First Abu Dhabi Bank and Aldar Properties. The Abu Dhabi Securities Exchange closed 1.65 per cent lower at 4,427.30. First Abu Dhabi Bank closed 3.65 per cent lower at Dh10.55 …
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Dubai property marketing permit procedures must be followed
I have a question with regards to the new law recently introduced, mandating that real estate brokers must now obtain a permit prior to advertising any property for rent or sale. Furthermore, my understanding is that the broker must submit a copy of the …
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Why Dubai is a hotspot for property investors
From its beginnings as a fishing and pearling port, Dubai has morphed into a glittering global marvel today. It has defied the norms and defined the extraordinary to captivate the world. Glamour and grandeur have now been synonymous with Dubai as it builds …
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Buy now, pay later deals spur Dubai property market
Developers have used payment plans as a key tool to reinvigorate the real estate market since 2014, changing from mostly front-loaded to back-ended payment plans. In 2013, more than 80 per cent of launches had payment terms that were front-ended, whereas …
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Bloom begins main works at Soho Square, Abu Dhabi
The main construction phase is now underway at Soho Square, Bloom Properties’ second mixed-use project on Saadiyat Island in Abu Dhabi, according to a statement by the developer. Bloom Properties has appointed Emirates Link Maltauro to carry out the work.
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Best Places To Stay In Abu Dhabi: 8 Hotels And Vacation Rentals
You can reach the Abu Dhabi International Airport within 25 minutes in a car. Here you can enjoy a comfortable stay in the air-conditioned suites of this property, which boast of contemporary interiors that are charmingly done in earthy tones. Other room …
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Dubai real estate fund ENBD Reit buys student housing for Dhs120m
Dubai-listed real estate investment fund ENBD Reit has acquired Dubai’s ‘first purpose-built student residence’ for Dhs120m, it announced on Tuesday. The 424-bed property, Uninest Dubailand, was acquired from Global Student Accommodation (GSA) on a …
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