Its global multifamily property portfolio is currently valued at approximately $2.3bn
Madar includes a cluster of attractions including a children’s adventure area and a food zone
The average gross rental yield in Dubai stands at 7 per cent, finds report
The company posted net profit worth Dhs71.5m for 2019
Spread across an area of around 2.2 sq km, the project features 1,100 residential villas
The developer reported a net loss of Dhs36.9m for 2019
The emirate registered 15,516 deals of residential properties valued below Dhs1m in 2019
Despite the many challenges the lie ahead for entrepreneurs and startups, here’s why he is optimistic about what’s coming this year
Dubai continues to be a key regional business hub, while infrastructure and tourism initiatives in Riyadh will further fuel the economy and real estate market
The new resolution, outlining rules for operators, homeowners and authorised tenants, has been developed to diversify the tourism sector in the emirate
In October last year, Damac chairman Sajwani had warned that the real estate slowdown could spillover to the city’s banks and called for curbs on construction
Mohammed Ibrahim Al-Shaibani will replace Ali Rashid Lootah, who has resigned from his role
Ali Rashid Lootah was hired as head of the developer in 2010, replacing Sultan Ahmed Bin Sulayem
Hong Kong’s sky-high property prices have long been a source of contention in the city
A total of 61,357 transactions were recorded in 2019, rising 13.4 per cent in comparison to 2018
Average apartment rents in Dubai dropped by 13.4 per cent year-on-year in Q4 2019
The luxury, resort-type residential project, will add 444 units to the developer’s portfolio of delivered units
The 440-unit tower will offer one, two and three-bedroom apartments
The company said it is considering a transaction wherein financing is being raised against the cashflows of the observation deck
The deal could raise up to $1bn for Emaar, a report by Reuters said
A total of 44,590 transactions were recorded between November 2018 and November 2019
The planned listing comes as MAG Development invests in a Dhs2bn project known as MAG City
The time is ripe for change in the city’s approach to real estate
Are lower ownership rates just a generational challenge or the new norm?
The committee aims to create a comprehensive plan for the emirate’s real estate sector and to add value to projects
Azizi will use the vehicles to take its customers on site visits to its developments across Dubai
As developers and government initiatives in the UAE continue to pick up pace, it is anticipated that investors will soak up the supply entering the market
A total of 515 transactions worth Dhs888m were registered on November 24
Residential prices have fallen by about 10 per cent this year, says report
The first cluster of townhouses is expected to be completed in the fourth quarter of 2022