In 2020, there were 19,000 transactions executed, including sales and mortgages of land, buildings and real estate units for all types of land use
Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE
Its 2020 gross profit also rose 8 per cent to Dhs2.98bn
Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management
2020 was a “very tough year” for all property developers, said Hussain Sajwani
It takes the total number of hotels under ADNEC’s umbrella to five, including Aloft Abu Dhabi, Andaz Abu Dhabi Capital Gate and Aloft London Excel
Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively
Jumeirah Village Circle has remained at the forefront for budget-conscious tenants in 2020
The company will take on management of Dhs30bn in developments and provide oversight for projects worth Dhs10bn
The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses
Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030
The complex includes The Westin and an 18-hole championship course
The simple, fundamental principle of investing dictates that you should buy low and sell high
Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day
The impact of Covid-19 and a likely reduction in the UAE population will hamper the revival
Users can own a piece of real estate for as little as Dhs2,000
Adnan Kazim has been named as its new chairman in line with regulatory requirements
Meydan’s two main lines of business – real estate and horse-racing – will remain separate
The sales launch of the district’s first residential building, Tiraz 1, begins on December 16
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
Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director
Phase I and 2 of the residential development are 98 per cent sold out
The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties
Home prices in Dubai have slumped by more than 30 per cent since 2014
The awards acknowledged champions from across the region’s business spectrum
Deyaar is offering a flexible payment option with initial payment of 10 per cent
Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role
The sale generated over Dhs1bn
Citizens and residents living in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade
The first five phases of the community are fully sold out