Latest Real Estate News

Dubai Land Department says no hike in property fees

Jun 30 ,2015, city : Dubai

Dubai Land Department director general Sultan Butti Bin Mejren has confirmed that there will not be any hike in real estate fees.

“A number of market players are talking about alleged reports that Dubai Land Department will be increasing real estate registration fees from 4 per cent to 8 per cent,” said Bin Mejr... More..

Dubai’s Limitless to pay Dh2bn to creditors as backing grows for its debt repayment plan

Jun 29 ,2015, city : Dubai

Dubai-based Limitless has made progress on its debt repayment.

The developer plans to repay Dh2.07 billion, or 42 per cent of its outstanding debt, and has won the approval of 90 per cent of banks involved on a revised deal to restructure its debt by extending the remaining payments to 2018, its chairman said yesterday.
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Dubai Land Department denies increase in property registration fees

Jun 29 ,2015, city : Dubai

The developer Nakheel has awarded a Dh387 million contract to the Dutch dredging contractor Van Oord to deliver 23.5 kilometres of coastline for its Deira Islands project.

The work involves shaping 8.5km of new beaches, 3.5km of quay walls, 9.5km of rock edges and 2km of breakwaters. It will be completed under a two-year co... More..

Dh70m off-plan Palm Jumeirah villa sold to mystery Briton

Jun 29 ,2015, city : Dubai

DUBAI : A mystery British businessman has paid Dh70 million for an off-plan villa on The Palm Jumeirah.

The luxury three-storey M. State villa will have a panoramic view of the sea, Dubai Marina and the Palm’s crescent, once completed later this year.

It is the biggest sale of the year so far and is bel... More..

Limitless to pay banks, trade creditors Dh2.07b

Jun 29 ,2015, city : Dubai

Dubai: The Dubai Government-owned developer Limitless will pay Dh2.07 billion immediately towards its debt obligations to banks (Dh1.9 billion) and trade creditors (Dh176 million) as part of a restructuring proposal it has put up. Ninety per cent of its creditors have already agreed to the plan and the rest could soon follow as the detail... More..

Dubai’s Nshama awards Safi and Zahra construction contracts to Unec

Jun 29 ,2015, city : Dubai

Dubai-based private developer Nshama has awarded construction contracts for two of the apartment projects in its Townsquare development to construction firm Unec.

Under the deal, Unec will build Zahra Apartments and Safi Apartments within the mega development.

The developer did not disclose the value of the c... More..

Damac launches Paramount Residences in Dubai

Jun 28 ,2015, city : Dubai

Damac Properties has announced launch of Paramount Residences at the Paramount Tower Hotel & Residences in Dubai.

The scheme features an 826-room hotel and hotel residences tower on Sheikh Zayed Road.

The 64-storey project has a private Paramount Pictures screening room, a rooftop infinity pool, while eac... More..

Saudi cement firms begin to cut production to shore up prices

Jun 28 ,2015, city : Dubai

Cement production in Saudi Arabia declined by the steepest levels on record last month as producers sought to run down stocks in a bid to shore up ­prices.

In a report on the country’s cement market, the Saudi investment bank NCB Capital said that production of clinker (a raw form of cement) fell by 12 per cent ye... More..

Middle East construction disputes surge

Jun 28 ,2015, city : Dubai

Construction disputes in the Middle East rose to their highest level last year since 2011, when the fallout from the global financial crisis was at its most severe.

The average value of the disagreements jumped 88 per cent to $76.7 million last year, according to data from the Arcadis building consultancy.

On... More..

Dubai property has lifestyle appeal for world’s super-rich

Jun 28 ,2015, city : Dubai

Dubai has been highlighted as a hot spot for the super-rich looking to invest in property.

A new report by Sotheby’s International Realty and the research firm Wealth X into the property market in Europe, the Middle East and Africa, found that while London remains the prime hub for those looking to buy, Dubai is one o... More..

The returns on buy-to-let property ‘no longer add up’

Jun 28 ,2015, city : Dubai

Residential property investment, as opposed to buying a home for your own use, no longer really stacks up in my view. The rental yields are generally too low for the large amount of capital at risk, and many hidden costs undermine your total rental return.

I am not just talking about UAE property here but generalising acros... More..

Damac launches Paramount-branded tower

Jun 28 ,2015, city : Dubai

Dubai: Damac Properties has announced its latest hospitality project in collaboration with Paramount Hotels & Resorts.

The company has launched ‘Paramount Residences at the Paramount Tower Hotel & Residences’, an 826 key luxury hotel and hotel residences tower on Sheikh Zayed Road.

The 64-st... More..

Dubai Holding announces promotion of top executives

Jun 27 ,2015, city : Dubai

Dubai: Dubai Holding announced on Saturday promotions to strengthen its leadership team.

Ahmad Bin Byat has been promoted to Vice-Chairman and Managing Director of the Group, and Fadel Al Ali will assume the role of Chief Executive Officer, according to a press release from the company.

Dubai Holding employs 22... More..

Abu Dhabi's tallest tower is one of best buildings in the world

Jun 25 ,2015, city : Dubai

Dubai:  One of the UAE’s towering structures, the Burj Mohammed Bin Rashid at World Trade Centre Abu Dhabi, has been named one of the best buildings in the world.

The tallest tower in Abu Dhabi, which stands 383 metres and is now home to a little over 1,000 residents, has caught the attention of global building e... More..

Mid-market is where Dubai’s hospitality action is

Jun 24 ,2015, city : Dubai

Dubai: As sites for prime hospitality assets become more scare, Dubai is seeing a shift towards the development of mid-market properties, underpinned by government incentives, a growing middle-class in key source markets and the rise of a younger, more cash-constrained guest profile.

The advantages of mid-market hotels gene... More..

A Greek realty exposure does make sense

Jun 24 ,2015, city : Dubai

Dubai: It would take a lot to convince investors to get into Greece right now. Every round of negotiation seems to more a case of trying to push the crisis back from the abyss than arrive at a workable solution.

With nothing out there suggestion it could all get better, should investors sit on the fence? “Greece curre... More..

India’s real estate law makes for slow going

Jun 10 ,2015, city : Dubai

Dubai: Fast-track regulatory change just doesn’t get to happen in India ... the proposed Real Estate Regulatory Bill is a case in point.

“It is definitely not encouraging that such an important policy initiative is still not finalised, but there is every indication that it will be sooner rather than later,&rdquo... More..

Fresh round of speculation seen in Arabtec shares

Jun 9 ,2015, city : Dubai

Dubai: Shares of Dubai’s largest construction firm Arabtec surged in the last hour of trade amid fresh round of speculation on its 1 million housing project in Egypt, triggering a rally in Dubai index.

Arabtec shares ended 13.48 per cent higher at Dh2.61, after hitting a high of Dh2.64, a level last seen on May 5.
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Lack of demand for luxury property causes price decline

Jun 2 ,2015, city : Dubai

Dubai: The lack of demand for luxury properties, weakening of oil prices and strengthening of the US dollar are causing house prices in Dubai to fall.

Reidin announced on Monday that the residential property sales price index in Dubai fell in April 2015 compared to a year earlier, as asking prices for properties registered ... More..

Dubai's apartment, villa prices post decline

Jun 1 ,2015, city : Dubai

Dubai: The residential property sales price index in Dubai fell in April 2015 compared to a year earlier, as asking prices for apartments and villas registered a negative growth.

Reidin, a property information company, said in its report on Monday that apartment sales prices dropped 3.6 per cent last month from the same per... More..

Dubai’s master-developers crack the whip on plot usage

Jun 3 ,2015, city : Dubai

Dubai: Dubai’s master-developers are starting to take a dim view of sub-developers/investors holding on to their plots without launching projects, market sources say. And if the sub-developers cannot come up with reasons justifying the “delay”, they might have to face stiff penalties, the sources add.

&ldq... More..

Dubai developers examine options in office space

Jun 24 ,2015, city : Dubai

Dubai developers could switch focus from apartments to offices as an off-plan housing glut saps demand, according to a new report.

The scenario outlined in the report from the property information company Reidin and the Unitas Consultancy mirrors a similar change of direction by developers in the emirate in the run-up to th... More..

Palm Jumeirah villa has echoes of Andalucia and price tag of Dh56m

Jun 25 ,2015, city : Dubai

The Palm Jumeirah has many a beautiful villa offering incredible finishing, bespoke design and views of the Dubai skyline.

This five-bedroom villa certainly takes its place in line with the sumptuous signature homes that adorn Frond P on Dubai’s greatest icon. And it comes with the corresponding high price tag of Dh56... More..

Gulf’s investors go fast tracking on hotel projects

Jun 24 ,2015, city : Dubai

Dubai: An ongoing correction in the residential space and a still abundant supply of new offices need not unduly faze investors chasing realty assets in the UAE. They can always fall back on hospitality.

“Dubai remains the most active investment place … with the exception of the holy cities of Makkah and Madina... More..

Gulf’s wealthy are spoilt for realty buys

Jun 24 ,2015, city : Dubai

Dubai: The Gulf’s high networth investors could be in the grip of a dilemma. Should they bide their time and hold back on any new exposures in Dubai until property values slide further through the year? (The rating agency S&P reckons that residential values at key locations in Dubai could dip by 10 per cent by year-end, and even... More..

Different set of dynamics for Dubai realty this time

Jun 24 ,2015, city : Dubai

Dubai: With Dubai property prices having already softened by approximately 20 per cent, the question in everyone’s mind was when rents would follow.

After a lag of six months, rents have started to soften on a citywide basis, as incremental supply starts to come on stream. With a high correlation between prices and re... More..

A long hot summer sets in for Dubai realty

Jun 24 ,2015, city : Dubai

As we enter the traditionally quiet Ramadan and summer months, many residential agents in the Dubai market are wondering where the next deal will come from. Data from the Dubai Land Department reveal there was a 50 per cent decline in sales activity over the first five months compared to the same period in 2015 as more buyers adopt a &lsq... More..

Qatar’s soaring land values tell on developments

Jun 3 ,2015, city : Dubai

Dubai: Land accounts for about half the value of real estate sales in Qatar, 10 times that of developed markets, as prices surge to levels that may make even high-margin luxury developments unprofitable to build, experts say.

Qatar allows foreign freehold property ownership in specific zones, although the real estate sector... More..

Properties near Dubai metro cost a premium

Jun 3 ,2015, city : Dubai

Properties near Dubai metro cost a premium

Dubai: Whether the cost of renting and buying apartments in Dubai has become more or less expensive, one thing is certain: you’ll pay a premium if you choose to stay near a metro station.

According to a research conducted by advisory and consultancy firm ValuSt... More..

Dubai Emaar Properties beachfront project to cost $2.7b

Jun 3 ,2015, city : Dubai

Dubai: Emaar Properties’ mixed-use beachfront development in Dubai’s Al Mamzar district is expected to have a preliminary cost of Dh10 billion ($2.72 billion), WAM stated on Wednesday.

The project, announced last year in cooperation with Dubai Municipality, will have 4,000 residential units, 300 hotel rooms, and... More..

Lay-offs stack up in Dubai’s property broker firms

Jun 5 ,2015, city : Dubai

Dubai: There is a sense of crisis sweeping through Dubai’s real estate brokerage firms as some of the smaller ones shut shop and the bigger ones start laying off agents. The concerns could be further exacerbated with the Ramadan and summer breaks looming, which could find more brokers without a job to hold on to.

Matt... More..

Dubai realty weighed down by luxury launches

Jun 8 ,2015, city : Dubai

Dubai: If the pace of new project launches is maintained, it could set off an imbalance in Dubai’s property market within five years, according to a new report issued by Phidar Advisory, a consultancy.

“In the base case scenario, assuming an average GDP (gross domestic product) growth of 3.4 per cent and residen... More..

Dubai’s office occupancy offers silver lining

Jun 9 ,2015, city : Dubai

Dubai: Dubai’s office occupancy levels are providing a silver lining in a rather clouded readjustment period for the overall property market, with net absorption averaging 112,000 square metres in the four years up to first quarter of 2015. During the same period, the annual increase in new supply totalled 109,000 square metres, acc... More..

Damac awards contracts worth Dhs 2.8bn in five months

Jun 9 ,2015, city : Dubai

Dubai developer Damac has awarded construction contracts worth more than Dhs 2.8bn during the first five months of 2015, the company said in a statement.

Awards include the main works packages on more than 1,500 villas within its luxury development Akoya Oxygen, three new apartment blocks at Akoya by Damac and the main cont... More..

Sheikh Mohammed approves housing projects worth Dhs 3.6bn

Jun 8 ,2015, city : Dubai

UAE VP, PM and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has approved housing projects worth Dhs 3.6 billion, state news agency WAM reported.

The projects are part of Mohammed bin Rashid Housing Establishment and will be built for local families.

Sheikh Mohammed also reviewed the organisation’s ... More..

Dubai’s IMG awards construction contract for City of Arabia project

Jun 7 ,2015, city : Dubai

Dubai-based Ilyas & Mustafa Galadari Real Estate group announced that it has awarded a construction contract to the McFadden International Construction Group for its Avenue 353 project.

The value of the deal was not disclosed.

The project, located within a gated community in the City of Arabia development... More..

Dubai Emaar Properties beachfront project to cost $2.7 bn

Jun 3 ,2015, city : Dubai

Emaar Properties’ mixed-use beachfront development in Dubai’s Al Mamzar district is expected to have a preliminary cost of Dhs 10 billion ($2.72 billion), the United Arab Emirates state news agency WAM stated on Wednesday.

The project, announced last year in cooperation with Dubai Municipality, will have 4,000 r... More..

Dubai rents, sale prices continue to decline

Jun 10 ,2015, city : Dubai

Dubai: Property sale prices and rents in Dubai continued to decline in recent weeks on the back of slowing real estate transactions, a new report claims.

In the first six weeks of the second quarter this year, property numbers continued to fall, with apartment sale prices dropping 1.5 per cent, marginally tightening yields,... More..

Where house prices are falling fastest

Jun 14 ,2015, city : Dubai

Dubai: Property prices in Dubai are among those that have fallen fastest in the world over a period of one year, a new research reveals.

Between March 2014 and March 2015, prices in Dubai registered a 6.1 decline, higher than the price falls recorded in other major property markets like France, Singapore, Italy or Spain, ac... More..

Emaar Properties says regularly gets investment opportunities

Jun 15 ,2015, city : Dubai

Dubai:

Emaar Properties, the builder of the world’s tallest tower, said on Monday it regularly receives potential investment opportunities.

The company issued a statement on the Dubai Financial Market in response to a news report, that said the company was ready for huge investments in Poland.
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Investors in Downtown Dubai have some thinking to do

Jun 17 ,2015, city : Dubai

Dubai, a city of world-class superstructures and futuristic dreams, has stretched the boundaries of human imagination ... time and again. Its luxury properties have now become an integral part of the landscape. The city is estimated to have more than 900 high-rise buildings, including close to 400 skyscrapers.

Downtown Duba... More..

Dubai realty’s secondary market caught in a bind

Jun 17 ,2015, city : Dubai

Dubai: Dubai’s real estate market is starting to feel the heat ... and it’s got nothing to do with the summer.

Secondary market sales of ready properties have been on a steep decline in the year-to-date as property buyers took their pick from the flood of off-plan launches that took place simultaneously. And not... More..

Creating offices that are not just workplaces

Jun 17 ,2015, city : Dubai

Dubai: With an increasing employment rate and a highly skilled international workforce, the UAE is seeing huge demand for carefully planned commercial interior design.

It’s not just attractive offices that companies seek. With the number of strategically planned workspaces, featuring open areas and private recesses, e... More..

Dubai’s brokers get a new ranking system

Jun 20 ,2015, city : Dubai

Dubai: The Dubai Land Department has just made it more difficult for estate agents/agencies to play hard and fast with their customer funds. Through its new app, the government agency has created a ranking of the top 10 brokers in the city as well as another extending to the Top 100.

These are based on the number of transac... More..

Abu Dhabi’s Burj Mohammed bin Rashid named best tall building in Middle East and Africa

Jun 23 ,2015, city : Abu Dhabi

The Council on Tall Buildings and Urban Habitat has named Mohammed bin Rashid Tower as the region’s best tall building this year.

The 88-floor, 381 metre-high tower was built as part of the new World Trade Centre Abu Dhabi complex, which was completed last year by Arabian Contracting Company for the developer Aldar Pr... More..

Mohammad Bin Zayed issues resolution on property registration fees

Jun 22 ,2015, city : Abu Dhabi

Abu Dhabi: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council on Monday issued a resolution pertaining to property registration fees and their exemption in the emirate of Abu Dhabi.

The resolution specifie... More..

Five reasons why Dubai’s property market will not see 2009-type crash – S&P

Jun 23 ,2015, city : Dubai

Dubai’s residential property market will see a double-digit correction in prices this year following three years of sharp appreciation, a new report by S&P has found.

The report estimates a “moderate” 10 to 20 per cent drop in prices for a number of reasons including additional supply and lesser demand... More..

UAE prepared for property price correction of up to 20 per cent this year, says ratings agency S&P

Jun 22 ,2015, city : Dubai

Dubai property prices could fall 10 to 20 per cent over the remainder of this year and early 2016, according to the ratings agency Standard & Poor’s (S&P).

But developers are better placed to cope than in the 2008-09 crisis, according to the agency.

The decline in values is taking place “a... More..

Dubai’s realty decline not as steep as in 2009

Jun 22 ,2015, city : Dubai

Dubai: The current decline in Dubai’s property values could extend to an up to 20 per cent drop from their 2014 peaks, but still far removed from the bottom reached during the 2009-11 crisis years.

The projection, by the credit rating agency, S&P should give some cheer to investors and developers who have seen ste... More..

Dubai’s property market will not dip to 2009 levels: S & P

Jun 22 ,2015, city : Dubai

Dubai: The current decline in Dubai’s property values could extend to an up to 20 per cent drop from their 2014 peaks, but still far removed from the rock-bottom it touched during the 2009-11 crisis years. In 2009-11, values were off by more than 50 per cent of their mid-2008 peak.

Two macro factors would be at work t... More..

Property flash sale… Will Indian expats in UAE go for it?

Jun 19 ,2015, city : Dubai

Non-resident Indians (NRIs) in the UAE will have the chance to buy a property in India with access to more than 250 projects spread across the country in a flash sale planned next week.

99acres.com, a real estate portal, and Amura Marketing Technologies, a digital marketing technology company, will hold the flash sale from ... More..

Lower prices, higher yields: Right time to invest in Dubai property?

Jun 17 ,2015, city : Dubai

Property prices in Dubai are softening with a new report by UK-based Global Property Guide (GPG) putting the pace of decline at 2.72 per cent for first quarter 2015.

"After spectacular house price rises from 2012 to 2014, Dubai’s residential prices fell by 2.72 per cent  during the year to Q1 2015, the first... More..

Abu Dhabi expected to launch 'rent index' by year-end

Jun 16 ,2015, city : Abu Dhabi

The Abu Dhabi Department of Municipal Affairs is likely to unveil a provisional rent index by year-end, according to a senior government official.

“A new law was issued regulating the property sector in the emirate and we believe that DMA will come out with a provisional rental index by year-end,” Mohamed Al Kha... More..

Abu Dhabi unites developers, unveils new Al Reem Island plan

Jun 15 ,2015, city : Abu Dhabi

The Abu Dhabi Urban Planning Council (UPC) on Monday unveiled its new master plan for Al Reem Island, which will have 10,000 hotel rooms, 11 schools, a light rail transit system and will house 210,000 residents on completion.

“This is a unique master development as it is being developed by three master developers. The... More..

Limitless awards Dhs 285m deal for downtown Jebel Ali project

Jun 15 ,2015, city : Dubai

Dubai real estate developer Limitless has awarded a Dhs 285 m contract for infrastructure work at its downtown Jebel Ali mixed-use project.

The deal was awarded to UAE-based Arco General Contracting, which will carry out community infrastructure work including roads, sewage, utilities and lighting in all four zones in the d... More..

Dubai property market: 14 projects, 4,800 units launched

Jun 15 ,2015, city : Dubai

Dubai saw the launch of 14 projects in the first five months of 2015 compared to 37 launches announced during same period last year, according to data shared by Reidin.com with Emirates 24|7.

A total of 4,800 units were launched from January to May 2015 compared to 11,288 units in the same period last year.

I... More..

Nakheel makes Dhs220m sukuk profit payment

Jun 11 ,2015, city : Dubai

Dubai developer Nakheel has announced that it has made a profit payment of Dhs220 million on its Dhs 4.4 bn trade creditor sukuk.

The company has sent instructions to Deutsche Bank, the registrar and the paying agent, to make the payment on June 15 to all sukuk holders.

The sukuk is due to mature in August 20... More..

Dubai house prices fall but remains prime global city

Jun 12 ,2015, city : Dubai

House prices in Dubai slipped by 3.7 per cent in the first quarter 2015 compared with the fourth quarter 2014, according to a new report.

The Global House Price index of Knight Frank revealed a 6.1 per cent decline over the past 12 months, putting the emirate at 53rd position in the list of 56 countries.

Howe... More..

NRI Alert: When do developers offer lowest price on property?

Jun 12 ,2015, city : Dubai

Non-resident Indians (NRIs) can get maximum discount on a property if they book units during the project’s pre-launch stage, but they do need to conduct due diligence before investing in any property, according to a JLL expert.

“NRI investors looking for discounts could book in the pre-launch stage of a project ... More..

Abu Dhabi ruler issues law to regulate property market

Jun 11 ,2015, city : Abu Dhabi

Abu Dhabi’s ruler has issued a decree to regulate and improve transparency in the emirate’s real estate sector, requiring brokers and developers to be licensed and introducing rules to protect buyers of projects that are not yet completed.

Sheikh Khalifa bin Zayed al-Nahyan, who is also president of the United A... More..

10 amazing projects coming up in Dubai

Jun 10 ,2015, city : Dubai

Work has already commenced on major tourist and leisure attractions across Dubai with developers continuing to announce new destinations.

The latest announcement is of the Dh10-billion Al Mamzar Beachfront project, with a possible unveiling of a mega development in Dubai World Central.

Billions of dirhams wor... More..

Green light for Dubai's first private floating islands

Jun 10 ,2015, city : Dubai

Dubai-based Nakheel has given the go-ahead to the developer of the floating islands, which are part of Oqyana World First, on The World, an artificial archipelago of over 300 islands, according to the project developers.

“Nakheel has now granted our project with all the necessary permits in order to take the next step... More..

Dubai Canal excavation begins: E24|7 brings you first images

Jun 9 ,2015, city : Dubai

Still hidden from public eye behind billboards circumventing Safa Park, the digging of the 3.2-km-long Dubai Canal that will link Business Bay with the Arabian Sea has begun.

Project officials on site told Emirates 24|7 that the previously lush area bordering Sheikh Zayed Road was ground for the first excava... More..

Easing in Dubai rentals, prices a 'healthy correction': report

Jun 9 ,2015, city : Dubai

Residential rents and prices continue to decline in the first six weeks of second quarter compared to first quarter 2015, reveals a new report.

Apartment lease rates fell 2.4 per cent, while sale prices decreased 1.5 per cent, leading to a marginal tightening of yields to 7.2 per cent, Phidar Advisory said in its mid-quar... More..

Lead consultant named for Bulgari Dubai project

Jun 5 ,2015, city : Dubai

A Dubai-based company, WSP l Parsons Brinckerhoff, has been appointed by Meraas as the lead consultant on a development in Dubai – Bulgari Resort and Residences.

The Bulgari Resort and Residences will be an exclusive island development constructed on reclaimed land off the Jumeirah neighbourhood coastline. The island ... More..

Legoland Dubai, Bollywood Parks Dubai and Motiongate Dubai getting ready

Jun 5 ,2015, city : Dubai

Dubai Parks and Resorts will begun leasing 220,000 square feet of space for dining and retail within Riverland Dubai.

Riverland will feature over 50 outlets and serve as a grand entryway to all the guests with 6.7 million ticketed visits expected at the theme parks during our first full year of operation in 2017.
More..

Emaar Properties trims Egypt listing price, sees up to $334m float

Jun 4 ,2015, city : Dubai

Dubai’s Emaar Properties announced the price range on Thursday for the initial share sale of its Egyptian unit at below previously-indicated levels, giving an offer size of 2.55 billion pounds ($334 million) at the top of the range.

The flotation will involve 600 million shares, equivalent to 12.99 per cent of the com... More..

Why you should buy a property in Dubai now... click to know

Jun 3 ,2015, city : Dubai

Gross rental yields in Dubai are among the highest in the world, with smaller apartments offering rental income of 7.21 per cent, according to Global Property Guide.

The gross returns on investment from large to small apartments ranges between 5.87 per cent and 7.21 per cent, according to the website that compiles and analy... More..

Emaar cashes in on Forte’s Dubai Opera view

Jun 2 ,2015, city : Dubai

Emaar Properties, Dubai’s largest property developer, has sold units in Forte in Downtown — Opera District with a full Dubai Opera view for Dh2,700 per square feet (psf), according to market sources.

“The front-facing apartments were sold at the launch for dh2700 psf, while rest were sold for Dh2,100 per s... More..

Being a homeowner is UAE investors' top goal this year

Jun 1 ,2015, city : Dubai

UAE investors are bullish about reaching their financial goals this year with a vast majority (94 per cent) expecting to meet their targets. This puts the country on par with China, and second only to India, among the 23 markets surveyed for a new report.

Specifying these goals, UAE investors listed buying a new home (25 pe... More..

Summer, Ramadan in Dubai: Best time to bargain, save on rent

Jun 1 ,2015, city : Dubai

Summer is the best time for renters to lease apartments in Dubai, according to real estate agents.

“It is a good time as you can find good bargains. Most of people travel out of the country and are very less likely to look for a place until they are back from holidays,” Parvees Gafur, Chief Execu... More..