The 10 highest-valued mega-developments in the emirate, according to a report by MEED.
The Dubai developer has joined hands with Germany-based real estate brokerage company Engel and Völkers (E&V).
The fund will acquire existing real estate assets, with a focus on the logistics, social infrastructure and community retail sectors.
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.
Leasing of the properties, which are located on Reem Island, will begin this week.
The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.
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.
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).
Hasan Ismaik, who took charge early last year, previous held an 8.03 per cent stake in Arabtec.
The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.
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The emirate saw a 4.5 per cent rise in prices during the first quarter of 2014.
The developer attracted a final order book of more than $1 billion for its five year sukuk.
New report finds banks and property developers in the UAE are more conservative and better prepared this time round.
Residential space accounted for 70 per cent of the total area of approved projects.
The restructuring will allow the real estate developer to reduce its short-term loans by 39 per cent.
The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.
Ahmad Abdulla Ali al-Abdulla replaces for former CEO Abdulla al-Subaie, who has resigned.
The new development at Al Raha Beach sold all 223 off-plan town houses and apartments.
Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.
The decline was partly offset by an increase in revenue from its hospitality and rental portfolio.
The project will include a floating market, hotels, restaurants, art galleries and shops for Emirati handicrafts.
The mixed-use development is being planned around the 53-hectare Al Mamzar Lake.
The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.
The country’s manufacturing and hospitality sector have seen immense growth
Aldar launched three new developments worth Dhs5 billion last month and said it was exploring 23 property projects.
Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.
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.
The Dubai-based contractor said is planning a series of acquisitions and mergers.
The company’s profits rose on the back of gains from the sale of investment properties.