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.
The deal is part of an agreement by Barwa to sell assets worth a $7.1 billion to Qatari Diar.
The project includes the redevelopment of the former international airport in Hellenikon, Athens.
IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.
Naia will manage 3,000 serviced apartments
Deyaar made a quarterly consolidated net profit of Dhs52.1 million ($14.2 million) compared to Dhs19.4 million in the same period in 2013.
The developer said its profit for the three months to March 31 was 265.1 million riyals ($72.8 million), up from 158.5 million riyals in the same period of 2013.
Ras Al Khaimah’s biggest property developer gained revenues of Dhs86 million for the first three months of the year.
Company officials previously said there might be a dual listing on Nasdaq Dubai, the smaller of the emirate’s two exchanges, and London.
The scheme allows long term investors and end users to purchase properties without pre-registration even on the launch day.
UAE developer says it is awaiting approval for the master plan of the project, which is expected to house 200,000 to 250,000 people upon completion.
The state-owned developer is focusing on developing mid-tier real estate projects in Abu Dhabi.
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
The Dubai property developer’s profit increase fell slightly below analyst expectations.