Songbird Estates is the owner of London’s Canary Wharf financial district.
Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).
The 600,000 sqft site, located in prime central London, will be redeveloped into a multi-use development.
The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.
The course will be operated by the Trump Organisation and will open by 2017, the developer said.
Abu Dhabi’s Aldar Properties plans to extend maturities on its obligations, its chief financial officer Greg Fewer said.
Freehold residential rents rose by 2.7 per cent between Jan-Sept, compared to nine per cent during the same time in 2013.
The contract, awarded by the government, covers the construction of staff housing at King Khaled University.
It said the buyer was a Qatari firm that was not a subsidiary of any listed company, but did not provide further details.
Almost five out of 10 Filipinos living in the UAE are prioritising property investment in the Philippines, a survey finds.
Real estate firms in Dubai are developing hotels and hotel apartments as they seek to tap into the rising number of tourists.
Apartments in Sharjah continued to see strong demand, with rents rising by 35 per cent in the 12 months to the end of Q3, a new report says.
The developer did not specify the number of new units set to be launched or the estimated completion date.
EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.
The company said it would pay the special cash dividend following the recent IPO of Emaar Malls Group.
The $1 billion luxury residential and hospitality project is on track to open its doors in 2016, says developer.
The project will have 1,800 land plots and will be split into five zones featuring apartments, villas and townhouses.
Mumbai tops the list, followed closely by Bangalore, finds new survey.
Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.
Aldar made a profit of Dhs584 million ($159 million) in the third quarter of 2014, compared with Dhs413 million in the corresponding period in 2013.
The property firm said that it will focus on countries such as Saudi Arabia while avoiding conflict-prone states such as Egypt and Syria.
The majority of UAE residents (84 per cent) surveyed said that their rents increased at some point in 2014, according to price comparison website MoveSouq.com.
Drydocks World will offer offshore marine and operational management solutions for the upcoming island.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.
Almost 50 per cent of the households in Dubai earn between Dhs9,000 to Dhs15,000 per month and can only afford rents ranging from Dhs32,500 to Dhs54,000 per annum, a new study says.
The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
The rents across Sharjah rose two per cent quarter-on-quarter during the third quarter, a new report says.