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Aldar jumps as Abu Dhabi signs off on $12bn in deals

The company will take on management of Dhs30bn in developments and provide oversight for projects worth Dhs10bn

Khalaf Al Habtoor

Al Habtoor opens booking for new luxury residential tower along banks of Dubai Water Canal

The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses

Video: Saudi Crown Prince announces car-free, zero-carbon city, ‘The Line’

Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030

Aldar Properties

Aldar Properties sells Abu Dhabi Golf Complex for Dhs180m

The complex includes The Westin and an 18-hole championship course

Is now a good time to invest in Dubai property?

The simple, fundamental principle of investing dictates that you should buy low and sell high

Dubai Metro extension to benefit ‘thousands’ of investors and residents – Nakheel

Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day

Damac sees UAE property market recovery in two years

The impact of Covid-19 and a likely reduction in the UAE population will hamper the revival

Crowd investment platform Stake launches in UAE

Users can own a piece of real estate for as little as Dhs2,000

Emaar Development announces new chairman, Alabbar to remain in executive role

Adnan Kazim has been named as its new chairman in line with regulatory requirements

Dubai’s ICD adds Meydan to portfolio to gain larger property footprint

Meydan’s two main lines of business – real estate and horse-racing – will remain separate

Sharjah’s Arada launches Naseej District; CEO ‘extremely bullish’ on outlook for 2021

The sales launch of the district’s first residential building, Tiraz 1, begins on December 16

Dubai Real estate

Real estate: New Dubai law issued for cancelled and unfinished projects

If RERA cancels a real estate project, a special tribunal will be responsible for liquidating it and ensuring settlement of all rights related to the project

Emaar appoints new chairman as Mohamed Alabbar takes on role of MD

Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director

Dubai Holding’s ‘Madinat Jumeirah Living’ project slated for 2021 handover

Phase I and 2 of the residential development are 98 per cent sold out

Alabbar

Alabbar dismisses claims that Dubai’s Emaar has stopped building as “nonsense”

The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties

Emaar’s Alabbar confirms that it has halted new projects as Covid hits property demand

Home prices in Dubai have slumped by more than 30 per cent since 2014

Revealed: Winners at the 2020 Gulf Business Awards

The awards acknowledged champions from across the region’s business spectrum

Deyaar awards Dhs370m contract for final phases of Dubai’s Midtown project

Deyaar is offering a flexible payment option with initial payment of 10 per cent

Nakheel CEO Naaman Atallah[4] copy

Dubai developer Nakheel appoints new CEO

Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role

Aldar Properties’ Noya project sold within four hours of launch

The sale generated over Dhs1bn

Government employees in Abu Dhabi to receive full housing allowance

Citizens and residents living in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade

Developer Arada begins handovers at Sharjah’s Nasma Residences

The first five phases of the community are fully sold out

Real Estate

Revealed: The most transparent real estate markets in the MENA region

Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index

Cityscape’s Real Estate Summit opens in Dubai

This year’s edition of Cityscape was co-created with regional real estate industry stakeholders

Sharjah UAE

Sharjah real estate transactions total Dhs4.6bn in Q3 2020, up 10% y-on-y

There were a total of 14,854 real estate transactions completed in Q3 this year

Merits and demerits of short- and long-term rentals in UAE

Both short-term and long-term options are essential for a healthy property market

Is proptech a real game changer for the real estate sector?

Disruptive technologies have propelled specialised tech solutions focused on real estate and property management

Dubai’s Emaar Properties posts 45% slump in net profit for Q1-Q3 2020

The developer’s revenue figures for Q1-Q3 2020 totaled Dhs13.37bn

New Dhs600m floating hotel, houses project coming soon to Dubai Marina

Sea Palace floating resort and moveable villas have been developed by a shipbuilding company

UAE’s Danube Group reimburses salary cuts made during Covid-19

Earlier this year, Danube Group distributed Dhs1m worth of food kits across the UAE