Dubai is unlikely to see a steep growth in rents as the market stabilises, a new report says
The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed
Do proper due-diligence on the developer and visit their existing projects in order to pick the right one
By following a few simple steps renting in Dubai can become a lot easier, writes Toby Young managing director of propertyrights.ae
The institute will develop a talent pool of senior managers and project developers in order to expand the UAE’s real estate sector
The contract includes construction of 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands
The clarification came following reports that the transaction fee would rise from 4 to 8 per cent
The developer did not disclose the value of contracts.
Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.
Investors from the region are returning to the UK’s real estate market as they look to tap into pent-up demand
Qatar is set to spend more than $200bn on the soccer tournament as part of a 2030 development plan
The emirate’s real estate market is forecast to see a 10 to 20 per cent correction in prices this year, the report stated
Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares
Named Morjana, the office will have 25 female staff and will be open seven days a week
The deal was awarded to UAE-based Arco General Contracting for carrying out community infrastructure work on the project
The profit payment will be made to all sukuk holders on June 15, 2015 against the sukuk issued amount of Dhs4.4 billion
According to the decree, all real estate developments must be registered with the government along with sales transactions listing the buyer.
Awards include the main works packages of some of Damac’s residential units in Akoya project and its hotel apartment projects
The projects are part of Mohammed bin Rashid housing establishment and will be built for local families
The deal to construct the Avenue 353 villa project has been awarded to McFadden International Construction Group.
The flotation will involve 600 million shares, equivalent to 12.99 per cent of the company, offered at a price between 3.5 pounds and 4.25 pounds.
The project will have 4,000 residential units, 300 hotel rooms, and 250,000 square metres of retail outlets.
Prices have surged to levels that may make even high-margin luxury developments unprofitable to build, experts say.
Stocks and precious metals were the other favoured asset classes among UAE investors, a Franklin Templeton survey found.
The developer said it has recorded strong investor interest in the project and has sold out all villas in the first phase.
About 90 per cent of the available properties on the Pearl have been bought or leased.
The developer expects to attract about 50 new companies to establish operations this year, versus 35 last year, and thinks it will sell around 2,500 residential units in 2015.
Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.
Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.
Emaar said it would use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.