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Damac Offers Property Buyers Free Lamborghini Aventador This DSF

The Dubai-based developer has promised customers free luxury cars as part of its Dubai Shopping Festival promotion.

Nakheel To Award Contract For The Pointe At Palm In Q1 2014

Dubai developer is currently evaluating construction bids for the retail and entertainment complex.

Burj Khalifa Apartment Prices Soar 25% In 2013

Apartment prices at Burj Khalifa currently stand at Dhs3, 750 per square feet – a 50 per cent increase from February 2009.

Dubai’s Arabtec Says No Plans To Increase Stake In Depa

The contractor denied media speculation about increasing its stake in Depa.

How Did Saudi Real Estate Perform in 2013?

Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.

Assessing Qatari Real Estate In 2013

Preparations for the 2022 FIFA World Cup are driving the Qatari real estate market forward, says Dr Tobias Plate, Senior Partner at Roland Berger Strategy Consultants Middle East

Nakheel Reports Land Sales Of Over Dhs162m

The developer reported the land sales in its Al Furjan and Jumeirah Village Triangle projects.

How Did UAE Real Estate Fare In 2013?

Recovery of UAE’s key real estate markets remains uneven with robust growth in sales and rental prices in Dubai and slower improvements in Abu Dhabi, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.

Emaar Rises To 5-Year High As Property Stocks Gain

The Dubai developer gained three per cent to reach Dhs7.57 at the close of trading, its highest since September 2008.

Qatar Fund In Talks To Invest $200m In Indian Property

Qatar Investment Authority is holding “conversations” with Kotak Realty Fund, says source.

Top 10 Most Searched Rental Locations In Dubai

Dubai Marina topped the list of Dubai’s most searched locations to rent property in, according to propertyfinder.ae.

Dubai’s Drake & Scull Wins $109m Contract In Qatar

The firm won a deal for mechanical, electrical and plumbing work at the Mall of Qatar, which is now under construction near Doha.

Dubai’s Ruler Issues New Decree To Regulate Rents

As per the ruling, landlords can raise rents by 20 per cent if contracts are 40 per cent or more below average prices.

Arabtec Launches New Property Arm In UAE

The builder said it would set up real estate development units in Dubai and Abu Dhabi.

Dubai Ranks 23 Among World’s Most Expensive Office Markets

Dubai’s office rental market growth is driven by the emirate’s favourable economic and investor-friendly conditions.

Emaar’s Board Approves Phased Conversion of Bonds to Shares

The conversion of all the bonds is estimated to lead to the creation of around 420 million shares.

Dubai Sells Stake In Landmark Miami Hotel To Turnberry

Dubai World had paid $375 million in 2008 for its 50 per cent stake in Fontainebleau Miami Beach.

Saudi Developer ACWA Signs $472m Bridge-To-Sukuk Financing

The loan will act as a bridge financing until the company launches a sukuk issue in 2014.

Damac Launches Tenora Serviced Apartments In Dubai World Central

The 10-storey, 270-unit tower aims to serve professionals working to build the Expo 2020 venue.

Expo 2020 Win Will Boost Dubai’s Property Market In 2014 – Developer

Mahdi Amjad, CEO of real estate company Omniyat says impact of the win was felt “from the first minute the results were announced.”

Dubai’s Nakheel Makes Dhs218m Sukuk Profit Payment

The developer said it has instructed Deutsche Bank, the registrar and paying agent for the sukuk, to pay the amount to trade creditors.

Dubai World Central, Emaar Launch Mega Project Ahead Of Expo 2020

The lifestyle development, located within DWC, will include a golf course, hotels, retail outlets and a business hub.

Viceroy Dubai Palm Jumeirah Begins Construction

The $1 billion project will offer 479 rooms and suites and 222 Viceroy Residences with sea views.

Kuwait Buys London Mayor’s Headquarters For $2.8bn

When completed formally next month, the sale will be one of the largest UK property deals ever.

Dubai’s Holiday Homes Market To Impact Tourism, Real Estate

Holiday homes market will allow property owners to lease out on a periodic basis while broadening visitor accommodations.

Nakheel Awards Dhs174m Contracts For Palm Jumeirah Projects

The construction contracts have been awarded for Azure Residences and Club Vista Mare.

Damac Raises $348m In London Share Sale

The Dubai developer is now valued at $2.65 billion.

Emaar Bans Estate Agents From ‘Flipping’ Homes

The Dubai developer has asked property agents not to resell off-plan properties until the unit is completed and handed over

Saudi’s Housing Market – The Home Stretch

Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.

Dubai Expo 2020 Win Will Spur Property Market – CBRE

A negative Expo result for Dubai may cause a short-term dip in sentiment levels, added the CBRE report.