Latest Real Estate News

Armani, Versace... now Bulgari: Dubai's super-luxury residential property

Apr 27 ,2015, city : Dubai

Competition in the super-luxury residential market segment in Dubai is set to get hotter with Italian luxury brand Bulgari entering the real estate arena to compete with Giorgio Armani and Gianni Versace-branded properties.

Meraas, a Dubai-based master developer, on Monday launched the residential component of the Bulgari R... More..

Which nationalities bought most Dubai property

Apr 26 ,2015, city : Dubai

Once again, investors from the Indian subcontinent have topped the list of expatriate investors in Dubai’s property market, as total transactions cross Dh64 billion in the first quarter 2015, according to the Dubai Land Department (DLD).
 
Indians topped the list of expatriate property investors, buying properties... More..

UAE's Masdar City unveils 4-bed eco-villas that generate own electricity

Apr 23 ,2015, city : Dubai

Masdar City, Abu Dhabi’s urban innovation ecosystem, this week launched a new concept for sustainable villas that generate enough solar energy to power the homes year-round.

The eco-villas are designed to accommodate future population growth and meet a growing demand for sustainable family homes.

&ldquo... More..

Developers queue up to launch mid-income houses in Dubai

Apr 22 ,2015, city : Dubai

Competition in Dubai’s mid to lower-end income housing market is heating up with Al Mazaya Holding, a regional real estate developer, entering the market with Q Line, a mid-income housing project, in its Dh2.6 billion Queue Point master development in Liwan, Dubailand.
 
“We believe in the UAE [property] mar... More..

Where in Abu Dhabi can you rent one-bed for Dh55,000...

Apr 22 ,2015, city : Dubai

Residential rents in Abu Dhabi are not likely to ease any time this year due to an existing demand-supply mismatch, but renters can still lease one- to two-bed units in Khalifa City and Mohammed bin Zayed City for Dh55,000 to Dh80,000 per annum (pa), latest reports by real estate consultancies reveal.

Rental have increased ... More..

Dubai’s Nshama Awards Dhs22m Deal To Al Naboodah For Town Square

Apr 17 ,2015, city : Dubai

Dubai developer Nshama has announced that it has awarded a Dhs22 million earthwork contract to Al Naboodah Contracting for complete grading works at its mega Town Square development.

Al Naboodah has already commenced grading works at the development, which spans 31 million sq ft.

Nshama, which launched Town S... More..

Dubai rent rise pace slows down in Q1 2015: Report

Apr 17 ,2015, city : Dubai

The pace of rent increase in Dubai has slowed down in the last three months, but still a majority of residents are likely to move apartments when their lease comes up for renewal, according to a new report.

“The survey showed that Dubai residents are still very likely to move homes due to continued rent increases. Six... More..

New Dubai project to transform Deira into JBR-like destination

Apr 16 ,2015, city : Dubai

Dubai Municipality (DM) will commence work on a mega beachfront development set around Al Mamzar Lake in Deira, which will be akin to Jumeirah Beach Residence, according to a senior government official.

“We are working on the project and the concept design has been agreed on. It is going to be a destination like other... More..

UAE's Tasweek in $3bn Morocco investment drive

Apr 12 ,2015, city : Abu Dhabi

Abu Dhabi-based Tasweek real estate development and marketing company and other UAE investors intend to inject nearly three billion US dollars into health and tourism projects in Morocco, its CEO was reported on Sunday as saying.

“These projects will be financed totally by UAE investors.

"Tasweek i... More..

India to establish Dubai's Rera-type regulator to control realty market

Apr 11 ,2015, city : Dubai

Indian government has approved the Real Estate Development and Regulation Bill, which will now pave way to set up a real estate regulatory authority, akin to Dubai’s Real Estate Regulatory Agency (Rera).

The move is aimed at protecting property buyers' by bringing transparency and accountability into the sector wi... More..

Dubai Rent Growth Slows To 3% In Q1 2015

Apr 9 ,2015, city : Dubai

Residential rents across Dubai grew just three per cent in the first quarter of 2015, registering a major slowdown from the 27 per cent in the same period last year, new research has shown.

According to a report from real estate consultancy CBRE, rental inflation in the emirate has been tempered, with rates for apartments a... More..

GGICO Launches New Apartment Complex In Silicon Oasis

Apr 9 ,2015, city : Dubai

Dubai-based Gulf General Investment Company (GGICO) has announced the launch of Topaz Residences, a new freehold apartment complex in Dubai’s Silicon Oasis.

The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892, the company said.

Apartments in the p... More..

Top 10 villa deals in Dubai: Dh60 million in Emirates Hills tops list

Apr 8 ,2015, city : Dubai

Emirates Hills, home to some of the richest in Dubai, has topped the list of the top 10 biggest villa deals for the first quarter 2015, reveals data shared exclusively by Reidin.com with Emirates 24|7.

Five transactions were reported in the upscale community, totaling Dh223 million, with Palm Jumeirah accounting for the rem... More..

Nshama Launches Apartments For Less Than Dhs350,000 In Town Square

Apr 7 ,2015, city : Dubai

Private developer Nshama has launched the first phase of residential apartments in its mega Town Square project in Dubai.

The new Zahra Apartments follow the launch of townhouse communities -Zahra and Hayat-, which saw strong investor interest.

Prices of the apartment units in the latest phase start at Dhs349, ... More..

Dubai Developer Damac Considers London Tower Investment

Apr 6 ,2015, city : Dubai

Dubai property developer Damac will consider taking an equity stake in a project to build a 50-storey mixed-use tower in central London, which would mark its entry into the British market, it said on Sunday.

The second biggest Dubai developer by market value has projects in the United Arab Emirates, Qatar, Saudi Arabia, J... More..

Dubai sets eye on 'mini world' park ahead of Expo 2020

Apr 6 ,2015, city : Dubai

Dubai Municipality will commence work on a ‘Mini World Park’, designed to showcase replicas of famous monuments from all over the world, after it finalises its location, a senior government official told Emirates 24|7.

“The park is on hold, but we are going to restart once we determine a location. There ar... More..

Save on rent: Next six months best time to lease in Dubai

Apr 2 ,2015, city : Dubai

Residential rents in Dubai rose 3 per cent in the first quarter 2015 compared to a decline of 1 per cent reported in the fourth quarter 014, according to report by a chartered surveyor and property consultancy firm.

“Even though the pace of apartment rental increases lost much of its vigour by the end of 2014, quarter... More..

Dubai Ranked Second Globally For Prime Rent Growth In 2014

Apr 2 ,2015, city : Dubai

The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
Dubai ranked second worldwide for prime rental growth in 2014, registering an increase of 8.1 per cent last year, according to Knight Frank’s latest global rental index.

The increase primarily occurred in the ... More..