False reports of oversupply are damaging market sentiment, says Damac managing director Ziad El Chaar
The fees would encourage landowners to develop their land instead of just holding it for profit, the country’s housing minister said
Although Dubai’s real estate market has been sliding, the emirate has seen several new launches
The developer also said that it has issued a tender to build a new road that will link the community to Hessa Street
Average apartment rents rose about 7 per cent year-on-year in Q3 while villa rentals were up 3 per cent
Abu Dhabi developer says sold 300 luxury villas within the project in first phase
The ‘Buroj Ozone’ project will include thousands of housing units, hotels and the largest shopping centre in Bosnia
House prices in Dubai continued to fall in the third quarter as regulations, higher inflation and a strong dollar hit investment
Residential sales prices fell 6 per cent year-on-year in the third quarter
Under the deal, a portion of the mixed-use retail development will be funded by ADCB
The Capital Plaza occupies over one million square feet of prime retail, business, hospitality and residential space
Most expats in Dubai can only afford annual rents of up to Dhs 72,000, says JLL
The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate Development Ltd
The Nad Al Sheba project, which includes 1500 villas and serviced residences, is slated for completion in early 2018
The 380,000-square-metre project is planned for the al-Daiya area
The amount will be used to fund the 271-unit Oia residential project in the emirate
This is the developer’s second hotel in Dubai that will be managed by Premier Inn
The second phase of the residential community will have larger townhouses, the chief executive of Jumeirah Golf Estates said
The developer said property sales in Dubai were “as per expectations”
The development will be located 8 km southwest of Aramco’s Dhahran headquarters
The project is the latest to offer freehold options in an effort to entice investors
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The development forms part of The Villages concept, urban centres aiming to bring key amenities within walking distance
The resort is scheduled to open in 2018 with 225 keys planned
The two communities will be part of the 5.4 million square feet Al Zorah master development
Construction work on the tower is anticipated to begin next year
Factors including cheaper import costs for materials and a plentiful supply of land meant Dubai compared favourably to other locations
The Skyline Towers comprise of 34 floors and will become Dubailand’s tallest structure when completed in 2018
Over 300 local and international exhibitors will be taking part of the three-day property extravaganza this year
Significant efforts are needed to address the current imbalance in housing across the region, says JLL report