the Ruler of Dubai and Vice President and Prime Minister of the UAE, has issued a new decree aimed at regulating the sale of lands and property granted in the city. The new law will provide housing solutions for the beneficiaries of grants, as well as …
( read original story …)
Developing the UAE’s legal framework for innovation
For the UAE to become a true global innovation hub, its intellectual property laws require attention. A key to innovation is a robust intellectual property protection framework. Start-ups need a straightforward registration process for patents and other …
( read original story …)
2018 – A Year of Change for Dubai Real Estate Market
Deloitte the business advisory firm launched the fourth annual Middle East Real Estate Predictions, Dubai, which predicts 2018 will be a year of change for Dubai’s real estate market, from the introduction of Value Added Tax (VAT) to the adoption of …
( read original story …)
Employment slump sinks Abu Dhabi home prices
Abu Dhabi ranked last in Knight Frank’s latest quarterly Global Residential Cities Index assessing nominal residential property price growth around the world. Home values in the emirate collapsed more than 9 percent in the year to Q3 2017, the biggest …
( read original story …)
Sheikh Mohammed issues Decree regulating property sales
The Department of Land and Property in Dubai will issue the title deeds for the buyer only if all the conditions for the transaction are met. The Decree specifies the terms and conditions for selling inherited property, trading properties, purchasing …
( read original story …)
Abu Dhabi’s Millennium Hotels takes over property in Kuwait
Abu Dhabi’s Millennium Hotels and Resorts has announced its takeover of a 169-room property in Kuwait. Copthorne Kuwait City is the company’s third hotel in Kuwait and will open in February. The property includes a business centre with 10 meetings …
( read original story …)
Dubai property correction to continue amid off-plan surge
Dubai residential property prices and rents are expected to continue their decline this year amid a surge in demand for off-plan units, according to Chestertons MENA. The company said there was a 60 per cent increase in off-plan real estate transactions …
( read original story …)
The First Group Signs Landmark Deal to Bring World’s First ‘MasterChef the TV Experience’ Restaurant to Dubai
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dubai-based property developer and fast-growing F&B specialist The First Group has signed a landmark deal with global content powerhouse Endemol Shine Group to bring the world’s first MasterChef the TV …
( read original story …)
Dubai’s Danube says $233m homes sold during 2017
Danube Properties, a Dubai-based property developer, has revealed that it sold new homes worth AED820 million ($233 million) in 2017. This translates to a daily average sale of AED3.10 million and reflects the developer’s ability to sell homes despite …
( read original story …)
Danube Properties Sales Revenue Reaches Dh820 Million in 2017
Danube Properties, a major Dubai-based property developer, has sold new homes worth Dh820 million (US$233 million) in 2017. This translates to a daily average sale of Dh3.10 million per working day throughout the year and reflects the developer’s ability …
( read original story …)
Emerging communities offer Dubai’s best rental yields
Despite the continued decline in property sales prices across most Dubai communities, rental yields are still attractive for investors. Jumeirah Village Triangle (JVT) claims the highest rental yield for apartments in Dubai at 9.2 per cent, in spite of …
( read original story …)
Dubai to launch world’s first ‘MasterChef’ restaurant
Dubai-based property developer and fast-growing F&B specialist The First Group has signed a landmark deal with global content powerhouse Endemol Shine Group to bring the world’s first MasterChef the TV Experience restaurant to Dubai. Based on the hugely …
( read original story …)
Dubai real estate development sector: Survival of the fittest
UAE. Typically, the emergence of a new technology or opening of a new market results in the rapid increase in prices or valuations. This causes a flurry of new players, dominated by the private sector, entering the market in order to capitalize on the …
( read original story …)
Dubai Unveils Dazzling New Attractions
The newest five-star hotel to join Dubai’s luxury hotel scene is the world’s fifth Bulgari Hotels and Resorts property, and it’s now open at the exclusive seahorse-shaped Jumeirah Bay Island, just off the coast of Jumeirah Beach Road. Bringing …
( read original story …)
Abu Dhabi property prices fall most in world
Abu Dhabi’s real estate market saw the biggest decline in property prices in the world in 2017, according to a new report. Knight Frank’s Global Residential Cities Index 2017 ranked the UAE capital 150th out of 150 cities covered, with an annual property …
( read original story …)
Dubizzle Property Sheds Light On Abu Dhabi Real Estate Supply And Demand In 2017
dubizzle Property, the UAE’s biggest and most visited property platform, has revealed the most popular areas for rent and sale in Abu Dhabi. With close to 100K daily visits and around 200K live listings at any given time, the platform shares insights …
( read original story …)
Dubai off-plan property sales hit 9-year high
Dubai property prices are forecast to continue falling this year as the market absorbs additional supply, according to a new report by consultants JLL. JLL’s 2017 Year in Review report said occupancy levels in Dubai would follow a similar trend in 2018 …
( read original story …)