Aldar Properties is undertaking multi-billion Dirham civic projects to help develop Abu Dhabi, the capital emirate of the United Arab Emirates, into an international business magnet and tourist destination. As the Emirate’s premier real estate …
( read original story …)
This service will improve connectivity among major attractions around Yas Island and Abu Dhabi.
This service will improve connectivity among major attractions around Yas Island and Abu Dhabi. Aldar Properties on Monday reached an agreement with Jalboot Marine Network for the launch of the service. Aldar Properties CEO Mohamed Khalifa Al Mubarak said …
( read original story …)
UAE residents share their experiences on losing and finding their prized possessions
In Abu Dhabi, people who lose or find items are advised to visit the nearest police directorate. Unclaimed items are eventually sent to charity, or to related departments such as immigration. In Dubai, handing over lost property within 48 hours is a legal …
( read original story …)
Dubai Property brokers’ commission settles at Dh1.5b previous year
According to DLD report, registered property brokers of Real Estate Regulatory Agency (RERA), the regulatory hand of Dubai Land Department’s (DLD), earned Dh1.5 billion commission last year. It has been announced by DLD that the total value of the …
( read original story …)
Abu Dhabi Global Market attracts dozens of special purpose vehicles
Abu Dhabi Global Market, the capital’s financial free zone … shipping, and technology/intellectual property development,” it said in a statement. “The innovative ADGM SPV regime, benchmarked against leading international jurisdictions in terms of …
( read original story …)
Be a fractional owner of a property in Dubai
A property investment scheme has opened doors for ordinary investors to buy a stake in luxury real estate. Known as the fractional ownership method, the scheme allows a much broader cross-section of investors to become part owners of high-stakes …
( read original story …)
Dubai Properties delivers over 3,000 housing units in 2016
Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012. The developer’s sought after …
( read original story …)
UAE property to get pricier: Here is why
* Raising interest rates typically strengthens a currency and the UAE central bank will mirror any moves by the Fed to maintain the dollar peg A stronger dirham value will likely weigh on the UAE’s real estate sector this year, a Dubai-based property …
( read original story …)
Dubai Properties yields over 3,000 units in 2016
DUBAI Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover …
( read original story …)
Dubai Residential Property Note: “Pundits are overlooking the key risks of 2017”
Today, Phidar Advisory released its Dubai residential research note with December data, which is now reported using a 3-month moving average, as well as 2016 year-end data. The report shows nominal movements, but projects further gradual softening.
( read original story …)
Eshraq Properties : focuses on Abu Dhabi and Dubai projects as construction starts
Eshraq Properties says it is pressing ahead with long-delayed projects in Dubai and Abu Dhabi. The Abu Dhabi-listed developer started initial work on the Dh225 million Jumeirah Rise project in Jumeirah Village Circle in October. It said that construction …
( read original story …)
Dubai real estate market sees $3.2bn of deals in fortnight
Dubai’s real estate market generated transactions worth $3.2bn during the first 15 days of January 2017, according to the latest report issued by Dubai Land Department (DLD). “By studying the index at the end of last year, DLD predicted that the market …
( read original story …)
Dubai and Abu Dhabi named as favoured locations by world’s wealthiest homebuyers
Dubai and Abu Dhabi have both featured on a new ranking of the 50 most important cities for property ownership among the world’s wealthiest people. The Alpha Cities Index has been created by consultancy Wealth-X and is a ranking of the cities that ultra …
( read original story …)
NBAD sees Dubai, Abu Dhabi residential market bottoming
National Bank of Abu Dhabi (NBAD) said in its yearly investment outlook, released Sunday. In the fourth quarter to December 2016, the rate of decline in property prices stabilised in Dubai and certain mid market witnessed a small uptick. New project …
( read original story …)
Apartment prices dip significantly in Dubai and Abu Dhabi in 2016
Read: New units to hit Dubai property market recovery in 2017 Bayut said … Palm Jumeirah and Dubai Sports City. In Abu Dhabi, Bayut said rents fell an average of 6 per cent over the year but prices were down just 1 per cent on average.
( read original story …)
Strong dollar, interest rate rises to impact UAE property market in 2017
The strong dollar and US Federal Reserve interest rate rises will likely impact the UAE’s property market this year, according to listings website propertyfinder.ae The warning comes following a report released by real estate consultancy CBRE yesterday …
( read original story …)
Visas for property investors
Heard stories about the possibility of obtaining a residency visa with the purchase of a property in Dubai but have no idea what this entails? Well, you’re not alone. There is still much confusion around this topic (especially since the rules have …
( read original story …)