The average prime capital value for a skyscraper in Dubai stands at $620 per sq ft, according to a new index.
The firm, part of the Al Ghurair Group and one of the largest aluminium product makers in the Gulf, will lift annual output to 100,000 tonnes in the next three to four years.
Wednesday is the last day when retail investors, who dominate Dubai’s market, can subscribe for shares in Emaar’s malls unit.
The Dhs2.90 a share price would give the unit a value of Dhs37.7 billion, one of the sources said.
The Passport boasts a big square screen and a unique touch-sensitive tactile keyboard.
The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.
The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.
New project launches were announced by Dubai-based developers Nakheel, Damac, Deyaar and Meraas.
Transguard said that it has won contracts with major firms such as TAV and Australian firm James L Williams.
Emaar plans to sell 15 per cent of its subsidiary Emaar Malls Group (EMG) in an initial public offer launched this month.
UAE residents more inclined to invest in property rather than gold, finds new survey.
Several residents are being forced to move to the cheaper outskirts of Dubai or are also considering returning home abroad.
Dubai’s Real Estate Regulatory Authority will be introducing four new measures next year to regulate the sector.
The government needs to introduce incentives- similar to those initiated in the hospitality sector- to boost the number of affordable homes in Dubai, an expert says.
“Should we decide to list shares, the market will receive it well,” said Sanjay Manchanda.
The 5.5 million sq ft mixed-use development will include a total of 27 buildings.
The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.
The first phase, anticipated to include retail and hospitality elements, will be completed in three years.
The hotel, which will consist of 1,250 luxury rooms and suites, is scheduled to open by 2018 and will be located in the downtown area
The discussions were centred on re-negotiating the terms of the debt, the chief executive said without giving any further details.
The government might not introduce any fees on off-plan property sales if the property market self corrects, an expert says.
Spread across 9.5 million square feet, La Mer will feature commercial, leisure, residential and hospitality components.
All the latest news from the region’s biggest property event taking place in Dubai.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
Shayne Nelson says he is confident that the lender’s legacy problems are now finally over.
The UAE’s amended visa policy is a step forward in Dubai’s goal of attracting 500,000 medical tourists per year by 2020.
The proceeds will be used to invest in healthcare and education assets, according to sources.
The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.
The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.