Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion …
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UAE Property Demand Continues to Slow
Demand for commercial property space is continuing to fall in the United Arab Emirates as economic growth slows, according to a report published by the Royal Institution of Chartered Surveyors on Sunday. The professional trade body for the surveying …
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UAE commercial landlords offer tenant incentives as demand falls
LONDON: Commercial property landlords in the UAE have been forced to offer tenants better incentives to stay as occupier demand fell for the seventh consecutive quarter. The claim, made in the latest quarterly report from the Royal Institution of Chartered …
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Dubai real estate projects worth AED21 billion launched in H1 2017
Dubai Land Department, DLD, has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. In a statement, DLD confirmed that 68 real estate projects were registered during H1 2017, representing a value …
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Dubai says 88 property projects launched in the first half
UBAI: The Dubai Land Department (DLD) on Saturday said that a total of 88 property projects were launched during the first six months of the year. The agency also said that 68 real estate projects were registered with the government, amounting to an …
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68 Real Estate Projects Registered in Dubai during H1 of 2017
Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED …
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Al Habtoor City Hotel Collection hires multi-property DOSM
Al Habtoor City Hotel Collection has appointed John Farrelly as multi-property director of sales & marketing for St. Regis Dubai, W Dubai – Al Habtoor City and The Westin Dubai, Al Habtoor City. Farrelly joins from his most recent role with Marriott …
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UAE Developer Eshraq Awards Dhs144m Contract for Abu Dhabi Project
UAE developer Eshraq Properties Company has awarded a contract worth Dhs144m for the main works of its Marina Rise project in Al Reem Island, Abu Dhabi, it announced on Monday. The contract was awarded to Al Sweidi and Shams Contracting, Eshraq said in a …
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ADX loses 8.73 pts at Tuesday’s open
… banks sector retreated 0.20% as First Abu Dhabi Bank and Abu Dhabi Islamic Bank (ADIB) levelled down 0.46% and 0.28%, respectively. The real estate sector decreased 1.43% after RAK Properties and Eshraq Properties levelled down 1.08% and 0.13% …
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Air Arabia bucks trend in weak Dubai index
Damac Properties fell more than 3 per cent to be at Dh3.96 … “People may be waiting for Arabtec and Emaar’s results,” Shurrab said. The Abu Dhabi Securities Exchange general index closed 0.08 per cent lower at Dh4,588.06. “The index is headed …
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Why Indians are investing big in Dubai property
In less than 40 years, Dubai has transformed from a local trading community into one of the most inspirational, exciting and successful cities in the world. It continues to make global headlines as an immensely attractive destination for tourists …
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Real estate transactions in Dubai exceeded Dh390bn in 18 months
Dubai Land Department (DLD) announced that the total value of real estate transactions exceeded AED 390 billion across 95,000 transactions in 18 months (1 Jan 2016 – 31 July 2017). Commenting on the results, His Excellency Sultan Butti bin Mejren …
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Abu Dhabi initiative to provide Dhs700 accommodation for lower earners
Abu Dhabi has announced plans to provide more accommodation options for lower income groups in the capital as the property market continues to weather tough economic conditions. The Department of Municipal Affairs and Transport at the Abu Dhabi City …
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Fäm Properties Tops Aed1.3 Billion In City Walk Residential Sales
One of Dubai’s largest real estate brokerages, fm Properties, has topped AED1.3 billion in residential property sales at City Walk, the new destination developed and managed by Meraas in the heart of Jumeirah. Firas Al Msaddi, the fm Properties CEO …
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1 Bedroom Studio Flat For Sale In Jumeirah Dubai
Benefits: 1) Purchasing property in Dubai = Dubai offers you a residence permit -so if you visit Dubai a lot for work or pleasure means you will save a lot of time bypassing visa and immigration and you have a place to stay 2) As a rental property Dubai …
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Fäm Properties tops $353.9m in City Walk residential sales
Fäm Properties, a leading real estate brokerage in Dubai, has topped Dh1.3 billion ($353.93 million) in residential property sales at City Walk, the new destination developed and managed by Meraas in the heart of Jumeirah, Dubai. Fäm Properties CEO Firas …
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Real estate leads economic activity in Dubai
The real estate sector has grown into a significant component of the economy in Dubai and the number of companies engaged in real estate and related activities in Dubai has now reached 8,011, including more than 680 real estate developers. According to the …
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