and is expected to accommodate 200,000 UAE citizens and occupy 45 percent of Abu Dhabi’s total residential land area. The new city was announced alongside a series of new housing initiatives in the capital, including the launch of a new property management …
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An oasis of culture: Forget sun and sand, Abu Dhabi is all about fine food and fantastic art
Abu Dhabi has been busy rebranding itself and now wants to be … There are seven restaurants in this luxury property and both Tori No Su and Ray’s are bafflingly empty. Were these London restaurants, one would struggle to get a table.
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Dubai property hunters have an average of 6% negotiating power
New data from dubizzle Property suggests an increased demand for the mid-market segment and highlights a gap between actual transaction prices and advertised amounts. By comparing advertised sales prices in mid-market communities advertised on the dubizzle …
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Dubai Property Seekers Have an Average Negotiating Power of 6%
dubizzle Property, the UAE’s biggest and most visited Property platform, advise UAE residents on the power of bargaining, following insights from the latest co-authored report with JLL. The report revealed an increase in demand for properties in the mid …
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UAE- Watch out for indirect VAT costs on property deals
(MENAFN – Khaleej Times) With the value added tax (VAT) kicking in on January 1, 2018, end-users in Dubai are confused whether to pre-pone their property purchase decision or to continue paying rents and wait for sales prices to bottom out. As per the VAT …
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When off-plan sales dominated Dubai property
With 2018 just a month away, it’s time to do a recap of the year gone by. Off-plan sales and generous payment plans by developers were the dominant themes in the Dubai property market. The popularity of off-plan sales, however, came at a price, with the …
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How the year 2017 panned out for Dubai property
Dubai witnessed an upsurge in both ready and off-plan sales this year, with overall property transactions until September totalling to more than 50,000, according to the Dubai Land Department (DLD). Heightened off-plan sales, lower priced inventory …
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Fresh push to involve NAB in Dubai investment probe
The FIA director also informed the committee that the agency has shared a list of 100 people who own properties in Dubai with the Federal Board of Revenue. All the investments in Dubai’s real estate are illegal, as State Bank of Pakistan has already …
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Buildings in Dubai will soon be charged for waste collection
the Dubai Municipality has announced that it will be outsourcing its waste management system by the middle of next year, with a tipping fee charged per ton of waste disposed. This means that owners or property management companies of commercial or …
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Dubai’s Emaar Development falls on listing
Shares in Dubai real estate firm Emaar Development fell on their debut on Wednesday in the emirate’s first major listing since 2014, reflecting sluggish Dubai property prices and geopolitical jitters. Dubai’s real estate market, a magnet for foreign …
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Dubai launches 2nd round of real estate awards
The Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), and Awards International has announced the launch of the second edition of the Gulf Real Estate Awards. The awards programme aims to reward innovation in the real …
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Property prices and rents in both Dubai and Abu Dhabi down considerably year on year
It has not been a good year for residential property markets in the United Arab Emirates with the latest index figures showing that both prices and rents have fallen considerably compared to a year ago. Both Dubai and Abu Dhabi are seeing a downturn in …
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Formula 1 poised to unveil new logo at Abu Dhabi Grand Prix
Several new logos have been registered at the European Union Intellectual Property Office, with one set to be used from the start of 2018. It is understood a sneak peak of the logo will be revealed after the Abu Dhabi season finale, potentially featuring …
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MAG Property inks International Property Show deal
Dubai-based MAG Property Development (MAG PD) has signed up as a strategic partner for the 14th edition of the International Property Show (IPS), one of the Middle East’s biggest property sales platforms for local and international real estate markets …
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Dubai off-plan property sales ‘at new high’
With property prices across Dubai registering a steep decline for the past three and a half years since its mid-2014 peak, the off-plan sales are at a high, according to an industry expert. The building boom in Dubai is being matched by a buying rush …
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Watch out for indirect VAT costs on property deals
With the value added tax (VAT) kicking in on January 1, 2018, end-users in Dubai are confused whether to pre-pone their property purchase decision or to continue paying rents and wait for sales prices to bottom out. As per the VAT regulations, developers …
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Financing completed for Abu Dhabi’s $1.2bn Reem Mall
Al Farwaniya Property Developments, the consortium behind Abu Dhabi’s Reem Mall, on Tuesday announced that financing for the $1.2 billion project is now complete. Reem Mall, located on Abu Dhabi’s Reem Island, will offer 2 million sq ft of leasable …
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