Construction of the project will use green initiatives and eco-friendly systems.
Local firms have to raise standards as they face increasing competition from international property developers, says new report.
The 33-month construction contract has been awarded to Turkish firm TAV Construction.
The Council on Tall Buildings and Urban Habitat measured unusable space at the top of the UAE’s tallest buildings.
The emirate’s real estate market is being driven by fundamentals rather than speculation, said the bank.
The 48-storey residential tower is part of the group’s Central Park project in the DIFC.
The mechanics, engineering and plumbing contract was awarded by a joint venture led by Arabtec Holdings.
Abu Dhabi’s residential property market could see new demand as the deadline for employee relocation ends today.
Middle East investors have been shown a strong interest in London’s office spaces, says report.
Rents rose by 11.3 per cent across Dubai during the first half of 2013, says a Cluttons report.
Despite a strong supply of office units in the market, increased demand is boosting rents in the Kingdom.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
Upcoming international regulations will ensure uniformity in Middle Eastern property markets, says Jones Lang LaSalle Middle East CEO.
The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.
New high-end residential properties in Abu Dhabi see rising demand despite an over supply of residential units.
Emirates NBD, a majority stake-holder in UP, sold down its stake from around 48 per cent to around 31.4 per cent in the first half of this year.
The investment firm has acquired a stake in Republika Academic Apartments, which has two buildings in Istanbul.
A new chief executive will be announced shortly, Aldar said.
Emaar generated revenue of Dhs1.63 billion in the three months ending June 30 compared to Dhs815.6 million a year earlier.
As the value of the rupee depreciates, Indian developers are luring NRIs to invest in India’s real estate market.
Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.
Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.
More than half of the plots on Dilmunia Island were sold out on the day they were launched, says developer.
Aldar said quarterly earnings included a one-time gain of Dhs2.6 billion principally driven by the acquisition of Sorouh’s assets.
Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.
Shanghai Tower will reach up to 632 metres high, around 200 metres shorter than Dubai’s Burj Khalifa.
The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.