Damac said its booked sales stood at Dhs7.5bn as of December 31
Category: Real Estate
Saudi introduces new rent network with $67 charge for registration
‘Ejar’ will provide e-payments and commit real estate agents to a unified lease contract
New decree allows Emiratis in Dubai to sell property grants
The transaction must be supervised by the Mohammed bin Rashid Housing Establishment and meet set conditions
Saudi announces availability of 3,600 new homes
The kingdom plans to deliver one million housing units over the next five years
Dubai’s Nakheel records 58% increase in Q4 profit
The company is currently working on the massive Deira Islands project
Dubai property correction to continue amid off-plan surge
Apartment and villa rents declined 3 per cent from Q3 to Q4, says Chestertons MENA
ARADA awards infrastructure design contract for $6.5bn project Aljada
Jacobs Engineering Group will manage infrastructure delivery including roads, water, power and drainage
Dubai floating villa project lacks approvals – report
Developer Kleindienst Group denied the claims
L-I-V Developers launches Dubai Marina tower
The tower is scheduled for completion in 2019
Dubai’s Emaar unveils new island development
Emaar Beachfront is part of the Dubai Harbour project
Damac chairman could sell part of stake to boost trading
The company’s rising share price has seen Hussain Sajwani’s net worth increase to $5.23bn, according to Bloomberg’s Billionaires Index
Sharjah, Eagle Hills venture to build three projects worth $735m
The three projects were previously launched under a joint venture that included Dubai’s Emaar
VAT could hit UAE property market in 2018
Significant new supply in Dubai could also dampen the market in the run up to 2020, according to JLL
Dubai’s Union Properties to sell Emicool stake
The company has also acquired a stake in Egypt’s Palm Hills Developments
Dubai property sales up 6% by value in 2017
“The 2017 report sends reassuring messages” to investors according to Dubai Land Department
Revealed: Where Dubai property rents, prices fell the most in 2017
Rental rates were down as much as 16 per cent in some areas
UAE property developer secures Dhs1bn loan for mega-project
The money will help pay for the Dhs24bn Aljada project in Sharjah
ENBD REIT acquires $57m retail centre
Purchase of Souq Extra in Dubai Silicon Oasis raises the value of the trust’s portfolio to $466m
Abu Dhabi’s Aldar acquires office tower for $179m
CEO Talal Al Dhiyebi said the company would continue to “assess the market for opportunities”
Dubai’s City Properties launches first project
The project is scheduled for completion in the first quarter of 2019
Saudi’s Dar Al Arkan plans Dubai project
The company is launching its international business with a $218m development in downtown Dubai
Dubai real estate consultancy launches Dhs5m endowment
The scheme aims to help small-scale property investors and real estate entrepreneurs overcome challenges
$163m Banyan Tree residences coming to Dubai
Facilities will include a residents-only clubhouse and fitness centre
Dubai Land Department updates rental index for 2018
The update comes in the context of stagnant conditions in the emirate’s rental market
Dubai’s Emaar Properties to raise $1.3bn in development unit IPO
The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa
Dubai developer Omniyat secures $121.1m of financing
The facilities will be used to finance projects including the One Palm
Abu Dhabi’s Eagle Hills awards main contract for Address Fujairah
Grading and marine works at the site have already been completed
Listings site Dubizzle acquires two real estate platforms
Dubizzle claims to be the UAE’s largest property portal
