Home Industry Real Estate

Real Estate

Dubai Emaar’s Malls Unit Eyes Potential Debut Sukuk Issue

The meetings will be held in Asia, Europe and the Middle East and the sukuk will be sold afterwards, subject to market conditions, Emaar said.

Top 10 Real Estate Projects In Dubai

The 10 highest-valued mega-developments in the emirate, according to a report by MEED.

Nakheel Partners German Firm To Launch New Dubai Real Estate Company

The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).

PineBridge Investments Raises $140m For GCC Real Estate Fund

The fund will acquire existing real estate assets, with a focus on the logistics, social infrastructure and community retail sectors.

Dubai Property Agents Fined Dhs50,000 For Breaching RERA Rules

Dubai’s real estate authority has also issued an official notice to all registered brokers warning them to refrain from cold calling property owners who do not wish to sell.

Aldar Launches Units For Rent At The Arc, On Abu Dhabi’s Reem Island

Leasing of the properties, which are located on Reem Island, will begin this week.

Dubai’s Damac Plans Mega Shopping Strip In AKOYA Development

The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.

Emaar Launches Second Phase Of BLVD Crescent Project

The second phase of the project will have over 70 one to three bedroom apartments within a 20-storey tower, Emaar said in a statement.

Dubai’s Emaar Properties Says Malls Unit Raises $1.5bn Islamic Loan

Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).

Arabtec CEO Invests $1bn In Company, Increases Stake To 21.46%

Hasan Ismaik, who took charge early last year, previous held an 8.03 per cent stake in Arabtec.

Dubai’s Emaar Properties Secures $1.5bn Islamic Loan – Sources

The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.

Mumbai Tops List For UAE NRI Property Investors – Survey

Bangalore is also emerging as a property investment hotspot for Indian residents in the UAE, finds new survey.

Sharjah Residential Rents Increase

The emirate saw a 4.5 per cent rise in prices during the first quarter of 2014.

Saudi’s Dar Al Arkan Raises $400m From Sukuk Issue

The developer attracted a final order book of more than $1 billion for its five year sukuk.

Investors Will Bear Brunt If Dubai’s Property Market Crashes – Analyst

New report finds banks and property developers in the UAE are more conservative and better prepared this time round.

Abu Dhabi Approves 13 Development Projects In Q1 2014

Residential space accounted for 70 per cent of the total area of approved projects.

Kuwait’s Al Mazaya Restructures Debt Into KD12m Islamic Facility

The restructuring will allow the real estate developer to reduce its short-term loans by 39 per cent.

Saudi’s Dar Al Arkan Plans Benchmark Five-Year Dollar Sukuk

The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.

Qatar’s Barwa Real Estate Appoints Acting CEO

Ahmad Abdulla Ali al-Abdulla replaces for former CEO Abdulla al-Subaie, who has resigned.

Aldar Properties Latest Project Sold Out In A Few Hours

The new development at Al Raha Beach sold all 223 off-plan town houses and apartments.

Asking Prices For British Homes Hit Highest On Record In May

Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.

Dubai Developer Emaar’s Villa Sales Drop In Q1

The decline was partly offset by an increase in revenue from its hospitality and rental portfolio.

Dubai’s Ruler Approves Dhs2bn Creek Front Project

The project will include a floating market, hotels, restaurants, art galleries and shops for Emirati handicrafts.

Dubai Municipality, Emaar Plan Mega Beachfront Project In Dubai’s Al Mamzar

The mixed-use development is being planned around the 53-hectare Al Mamzar Lake.

Damac Real Estate Q1 Net Profit Up 79% On Dubai Growth

The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.

UAE Outperforms Emerging Markets Driven By Non-Oil Sector Growth

The country’s manufacturing and hospitality sector have seen immense growth

Aldar Sees Project Completions Driving Revenue Growth

Aldar launched three new developments worth Dhs5 billion last month and said it was exploring 23 property projects.

Slow Q1 Growth In Dubai’s Property Prices, But Rents Continue To Boom

Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.

UAE’s Aldar Q1 Net Triples On Handovers And Sales

The developer’s profit rose to Dhs453.4 million ($123.4 million) in the first quarter from Dhs154.3 million in the same period of 2013.

Arabtec’s Net Profit More Than Doubles

The Dubai-based contractor said is planning a series of acquisitions and mergers.