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 …
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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 …
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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 …
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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 …
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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.
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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.
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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 …
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Revealed: how much Indians have spent in Dubai’s property market
Indian nationals, who form the largest foreign investor group in Dubai’s real estate market, have bought properties worth more than AED83 billion ($22.6 billion) in the last five years, according to new statistics. The spending power – from 2013 to …
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Sales set to launch at luxury Abu Dhabi waterfront project
Al Fahid Property Development, the developer behind an Abu Dhabi waterfront residential development, has announced that it will launch sales of phase one of the project on March 3. Named Al Marsa, phase one of the project is slated for handover by the …
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Dubai property broker acquires mortgage consultancy
Dubai-based real estate firm, Allsopp & Allsopp, has acquired PuzzleWorks, the independent mortgage consultancy to further enhance its mortgage services. PuzzleWorks will now become part of Allsopp & Allsopp’s Mortgage Services division, a statement said …
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Dubai Properties announces official launch of Marasi Marina
157-berth marina will span an area of 40,000sqm and marks the completion of phase one of the mixed-use development Dubai Properties, the quasi-government real estate developer, has announced the official launch of Marasi Marina, the first fully operational …
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