Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company’s plans to boost its recurring revenue. Abu Dhabi’s largest listed property developer said on Monday in a …
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Property market in Dubai stabilises but still declining in Abu Dhabi
The residential real estate market in Dubai is showing signs of having bottomed out with the latest sales and price figures moving into positive territory in February. The Dubai residential property sales price index from ReidIn increased by 0.3 points, an …
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DIFC WPR set for Dubai property show debut
The DIFC Wills & Probate Registry (WPR), a public entity of the Dubai government, is set to take part for the first time in the International Property Show (IPS), which kicks off in Dubai, UAE, next month. The WPR provides legislative certainty that a …
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Perception that Dubai properties are expensive is wrong: Sanjay Sachdev, MD – sales & marketing, Sobha Group
Property market in Dubai is seeing lot of interest from Indian buyers. Sanjay Sachdev, MD – Sales & Marketing, Sobha Group says that interest from Indian home buyers have inched up considerably due to demonetization and a slowdown in the property market in …
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Real Estate sector dominates Abu Dhabi Foreign investment
19.03.2017: Property laws and regulations increase investor confidence as developers prepare to launch new projects at Cityscape Abu Dhabi Property laws and regulations increase investor confidence as developers prepare to launch new projects at Cityscape …
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Teens jailed for dangerous stunt with stolen pickup
Abu Dhabi: The public prosecution in Al Ain has ordered imprisonment for two Emirati teenagers who performed a dangerous stunt on a stolen pickup and damaged public properties near Al Ain Airport. They put the lives of motorists, pedestrians and other …
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How UAE's property sector may be impacted by 5% levy
The UAE’s Ministry of Finance has yet to issue specific guidance in relation to VAT on residential and commercial property. A five per cent value-added tax (VAT) on property transactions is expected to impact only big-ticket investors and those dealing …
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Aldar Properties : Water taxis available for Abu Dhabi beach festival visitors
Abu Dhabi: Water taxis will be put in place to help facilitate alternative access for visitors to a beach festival in Abu Dhabi’s Al Muneera area, Aldar Properties has announced. Aloha Festival, a five-day free beach lifestyle festival that will be held …
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Dubai Properties’ versatile 22,000+ unit residential leasehold portfolio responds to Dubai Market Dynamics
Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager’s leasehold portfolio continues to address market demand through its wide ranging built-to-lease communities comprising more than 22,700 residential units.
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Dubai issues new law on real estate fees
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 …
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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 …
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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 …
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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 …
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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
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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 …
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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 …
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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.
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