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Dubai’s Damac Says Work On Trump Golf Course Proceeding “On Track”

The course is being designed by international golf course architect Gil Hanse.

Dubai House Prices To Reach Pre-Crisis Levels Next Year

The fast growth has raised concern about the potential of a property market bubble.

Dubai’s Official Property Site To Auction Units Worth Dhs190m

The third auction from eMart will feature five high-end commercial and residential properties.

Dubai’s Arabtec Holding To Set Up Five New Subsidiaries

Two of the units will focus on infrastructure projects, one on water and energy projects and one on the Egyptian market.

Nakheel Awards Contracts Worth $11m For Al Furjan, Warsan Projects

The contracts cover infrastructure design and supervision work in the two communities.

Most UAE Residents Rent Rather Than Buy Property – Survey

Rising property prices have pushed out potential home buyers, finds survey by propertyfinder.ae.

Emaar Regains Investment Grade Credit Rating As Dubai Booms

Without a government credit rating, Emaar’s rating is seen as an indicator of investor confidence in Dubai.

Sharjah Apartment Rents Rise 33% In Q4 2013

Apartment rents in popular areas such as Al Majaz and Al Nahda rose nearly 38 per cent in Q4 2013, a report says.

What Property Can You Buy In Dubai For $7m?

A villa in Palm Jumeirah and an apartment in Dubai Marina can be yours for $7 million, according to Knight Frank.

Deyaar’s Net Profit For 2013 Up 300%

The Dubai developer increased its gross profit for the year from Dhs199 million in 2012 to Dhs307.5 million.

Saudi’s Dar Al Arkan May Repay $450m Sukuk Early

The $450 million Islamic bond is due to mature in February 2015.

Dubai Apartment Rents Rise 50% In 2013

Residential sales prices also shot up by 60 per cent last year, says a new report.

Arabtec Plans To Hire 10,000 Across The Middle East

The Dubai-based construction company is targeting young recruits for the new roles.

Pearl Dubai Sells $1.9bn Assets To Hong Kong Property Group

The sale includes high-end residences and serviced apartments and two five-star hotels within the Dubai Pearl project.

Emaar Launches Yasmin Villa Community In Dubai’s Arabian Ranches

Emaar’s latest launch brings in Arabesque-styled villas in the Arabian Ranches expansion.

Dubai Ranks 3rd Among World’s Top 20 Dynamic Cities

The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.

IMF Hikes UAE 2014 Growth Forecast, Warns Against Property Bubble

The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.

Nakheel Executive Appointed As Limitless CEO

Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.

Dubai Prime Home Price Growth Slows On State Cooling Measures

Dubai doubled the registration fee charged on real estate transactions to four per cent last year.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.

Emaar Launches Rasha Villa Project in Dubai’s Arabian Ranches

The Spanish-style community will include 140 villas.

Dubai Tram To Boost Property Prices In Marina

Dubai Marina has recorded a sharp upturn in investor appetite owing to its proximity to the tram.

Emaar Properties Appoints Abdulla Lahej As Group CEO

The Dubai developer confirms departure of Low Ping as group CEO, says she will remain advisor to chairman Alabbar.

Dubai’s Emaar Quietly Replaces CEO Low Ping

The firm appointed Abdulla Lahej as her replacement, industry sources said.

Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.

Dubai Starts Work On Huge Resort On The World Islands

The “Heart of Europe” project, a complex of luxury hotels and villas, is expected to be completed by the end of 2016.

New Upscale Project Launched In Dubai’s Motor City

The project will be developed by Dubai’s Union Properties, along with National Properties, a unit of National Bonds Corporation.

Nakheel Chairman: No Increase In Sales Prices In 2014

The Dubai developer is maintaining sales prices at the same level as last year, confirms chairman Ali Rashid Lootah.

Abu Dhabi’s Prime Property Prices Rose 30% In Q4 2013

Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.

Nakheel 2013 Profit Up 27%; Plans Dhs6-8bn New Projects In 2014

The developer attributed the profit rise to the timely completion of projects and the handing over of finished units to customers.