Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index
This year’s edition of Cityscape was co-created with regional real estate industry stakeholders
There were a total of 14,854 real estate transactions completed in Q3 this year
Both short-term and long-term options are essential for a healthy property market
Disruptive technologies have propelled specialised tech solutions focused on real estate and property management
The developer’s revenue figures for Q1-Q3 2020 totaled Dhs13.37bn
Sea Palace floating resort and moveable villas have been developed by a shipbuilding company
Earlier this year, Danube Group distributed Dhs1m worth of food kits across the UAE
The properties were garden and townhome-style apartment buildings located in major metropolitan areas
Beauty and hair salons, dental clinics and nurseries in the emirate can apply for a 20 per cent rebate
As demand starts to rally, developers need to ensure they keep pace with the changing requirements from investors
Customers can co-own residential properties and earn healthy returns on their investments, for as low as Dhs5,000
The emirate’s real estate sector has witnessed signs of a rebound in the wake of easing Covid-19 restrictions
Oman REIT Fund is planning an initial public offering that could raise about $100m
The company expects more government projects to come its way
Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management
Each fine starts at Dhs50,000, and may escalate leading to cancellation of the licence of the violating real estate company
Those eligible for this scheme will also be offered a 30 per cent discount across Aldar’s hotels, golf resorts and food and beverage outlets
The value of its assets increased 5 per cent from Dhs5.9bn to Dhs6.2bn
The contract worth Dhs181m was awarded to Trans Emirates Contracting to begin main work on Zada
The office will act as a liaison unit, and will be tasked with finding opportunities in the local market
However, a new tax of 5 per cent – the Real Estate Transaction Tax – will be levied on property deals in place of the VAT
The board will continue to evaluate the acquisition of other real estate assets in the UAE
Of the transactions recorded in August, 31.5 per cent were in the off-plan segment and 68.5 per cent in the secondary segment
The company said its board will also discuss the acquisition of other investment real estate assets in the UAE
Emaar Misr has committed to contribute roughly $1.26m to support the first phase of infrastructure and service improvements in Sidi Abdul Rahman village
Apartments are the most widely adopted form of accommodation in the region
Tenants include the likes of Julius Baer, Natixis, Latham & Watkins, and Akin Gump, among others
Construction on the Elan neighbourhood began in July this year
The UAE is poised for a rapid rebound from the Covid-19 pandemic, mainly led by tourism, opines Danube Group’s Rizwan Sajan