The company said it planned to invest Dhs2bn in projects in the build up to 2020
Category: Real Estate
Job losses, income cuts weaken property demand in Abu Dhabi
Sales prices are expected to continue falling over the next six to 12 months
Dubai’s DIFC says Gate Avenue project on track to open in 2018
The project will feature over 200 dining, boutique, retail and entertainment options
Developer Sobha Group plans Oman project, to expand outside real estate
Sobha is planning a push into a less “cyclical” business area, its chairman has said
Emaar reports 14% net profit growth in Q2 on strong international revenues
The developer recorded a 22 per cent rise in property sales in Dubai during H1
Nakheel to award contract for Dragon Towers this year
The developer is assessing five proposals for the construction of the residential towers
Damac Properties’ profits fall for second consecutive quarter
The developer made Dhs704.8m in total comprehensive income for the April – June period
Dubai developer calls for more property regulations
Farhad Azizi, CEO of Azizi Developments, says the emirate’s property market has matured
UAE developer Eshraq awards Dhs144m contract for Abu Dhabi project
Construction of the Marina Rise project is expected to be completed by the end of 2019
Abu Dhabi initiative to provide Dhs700 accommodation for lower earners
Two new unit categories will target those earning between Dhs2,000 and Dhs6,000 a month
UAE’s Aldar Properties Q2 net profit falls 5.6%
Aldar made a net profit of Dhs620m in the three months to June 30
Five minutes with…Tom Rhodes, exhibition director at Cityscape Global
The annual property exhibition in Dubai will hold its 16th edition in September
Dubai sees 16.8% increase in real estate transaction values in H1 2017
The increase follows a 12.8 per cent decline in transaction values seen in the first half of last year
Dubai’s Meraas launches Nikki Beach Residences for sale
The project includes 63 upscale units
Dubai’s Nakheel reports 10.5% drop in first half net profit
Nakheel handed over almost 870 land form and built form units to customers between January 1 and June 30
Dubai’s new Dhs5bn business district to be developed by Tecom
Fareed Abdulrahman Al Janahi, acting COO of Tecom, has been appointed as the CEO of the new development
Areas in Dubai that saw the biggest drop in rents in Q2
Dubailand was the only area where apartment rentals rose in Q2
Dubai mortgage firm Amlak developing villa project in Mirdiff
The Dhs135m villa project marks the first time Amlak is developing a fully-owned property
GCC real estate eyes return to form
Real estate experts are hoping for a return to form in key Gulf markets this year after a difficult 2016
Abu Dhabi rents, sales prices drop as demand lags supply
Residential apartment and villa sales prices were down by 8 per cent and 4 per cent respectively year-on-year
ADNEC forms venture to build 1,000 apartments at ExCel London – report
ADNEC bought ExCel in 2008 for $415m
Abu Dhabi developer Aldar says on track to handover Ansam project this year
The project, located in Yas Island, features four Andalusian-style apartment buildings
Off-plan property sales in Dubai drop in Q2
Sales were seemingly impacted negatively by the onset of summer, finds new report
Dubai property prices, rents continue to decline in Q2
Asteco said tenants remained in a strong negotiating position with a market recovery still some way off
Dubai’s DEWA awards Dhs46m contract for first phase of new HQ
The contract has been awarded to Dutco Balfour Beatty
Exclusive: Danube boss and UAE billionaire Rizwan Sajan on where next
Construction and real estate billionaire Rizwan Sajan details his journey to the top and where he plans to take Danube Group next
Dubai developer Azizi begins work on Dhs12bn Riviera project in MBR City
Azizi Riviera comprises of 69 mid-rise residential buildings, a retail district and two hotels
New rules issued for real estate brokers in Ajman
The new regulations are hoped to meet rapid urban development witnessed in the emirate