Late last year the developer bought an office tower for $179m
Category: Real Estate
Abu Dhabi property slump continues in Q1 2018
Residential rents saw double-digit declines year-on-year, according to real estate firms
Abu Dhabi’s Aldar launches $2.72bn community on Dubai border
Alghadeer features agricultural elements including allotments
Abu Dhabi’s Aldar confirms increase to foreign ownership limit
Aldar said the change would improve the liquidity of its stock
Dubai property rents down up to 5% in Q1, similar slump expected in Q2
Cavendish Maxwell said the market is being impacted by a shrinking housing allowances
Dubai’s Omniyat secures $40m of financing for Sterling project
The firm said construction was already underway at the project
Abu Dhabi’s Aldar awards $354m main contract for Water’s Edge
The project is due to be completed in 2020
How to succeed with off-plan property investment
Zaki Ameer discusses the key to sound off-plan investment and how to avoid some common property pitfalls
Dubai’s Azizi awards Dhs925m contract for Azizi Riviera project phase 3
Construction of the phase is expected to be completed in Q3, 2019
Dubai’s Emaar enters $8.2bn partnership with Abu Dhabi’s Aldar
Projects under the joint venture include Abu Dhabi’s Saadiyat Grove and Dubai’s Emaar Beachfront
VAT to have ‘limited’ impact on Dubai’s property sector
Up to 85 per cent of the components in Dubai’s real estate sector are not subject to the 5 per cent VAT
Azizi to begin work on Dhs3bn 122-storey skyscraper in Dubai in Q3
The tower will stand at approximately 570m tall on Sheikh Zayed Road
Construction contract awarded for Abu Dhabi’s mega Al Fahid Island
Local contractor Bright Accord General Contracting has won the nine-month reclamation package
Housing rule violators face fines of up to Dhs100,000 in Abu Dhabi
The Abu Dhabi city municipality has recently launched an inspection campaign
Dubai developer Azizi announces four new projects worth Dhs750m
The company is building its first project in Sports City and three at Meydan Avenue
Abu Dhabi developer Modon appoints Arabtec for show villas in mega project
The show village is part of Modon’s massive Riyadh City development
Dubai’s Damac issues tender for construction of second tower at Aykon City
The construction contract is expected to be awarded by May 2018
Dubai developer Azizi to award $5.44bn of contracts this year
The company said the contracts come in addition to its current project pipeline
First two phases of Azizi Riviera project in Dubai to be ready in Q1 2019
Phases one and two of the Dhs12bn project were previously slated for completion in December 2018
Saudi developer Jabal Omar to close Umm Al Qura merger in 2018
The merger is expected to create a real estate business with SAR50bn ($13.3bn) of investments
Bahrain launches real estate regulator
All real estate professionals will need to obtain a licence from RERA by August 31
Dubai’s Damac awards Dhs600m construction contract for Aykon project
The contract has been awarded to China State Construction Engineering Corporation
Emaar launches new townhouse community at Dubai South
Saffron will feature three and four bedroom townhouses
‘Optimistic mood’ in Dubai property market – DLD chief
Dubai sees 150 property projects worth Dhs82bn ($22.2bn) registered in 2017
Dubai projects will need to be 50% finished before off-plan sales
The new regulation comes following a surge in off-plan sales last year
Dubai real estate slump to continue for another two years – S&P
The company said little relief was expected until Expo 2020
Dubai’s Meraas hires Kuwait sovereign fund executive as CEO
Al-Ayoub has more than two decades of experience in managing sovereign wealth funds
Abu Dhabi’s Aldar Properties Q4 profit tumbles
Aldar booked a one-time charge of Dhs495m in the fourth quarter
