The developer also plans to construct an amphitheatre on The Walk alongside the hotel.
Some experts predict a further hike in sales prices, though other insiders say that rates have stabilised.
The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014
Luxury property developer dismisses fears of another market crash.
Sobha, in a joint venture with Dubai’s Meydan, is currently developing the Dhs25 billion Mohammed Bin Rashid City – District One project.
DIFC Properties is looking for investors to develop about 10 million sq ft of property through joint ventures
Emaar boss says the market is better regulated and current growth is sustainable.
Driven by growth in Dubai’s property market, Middle East investors are looking to invest in real estate both globally and regionally.
Palm Deira is likely to be renamed, one of the sources said.
A mixed-use development in Deira, a Boardwalk and a new beach at Palm Jumeirah will add to Nakheel’s portfolio.
The mega-development will be spread over an area of six million square metres.
New design details for 100-plus storey skyscraper revealed by real estate group at Cityscape Global.
Dubai Properties Group will complete the Palazzo Versace Hotel and the D1 Residential Tower in 2014.
The first half of the year saw Dubai’s residential market sustain positive growth across both the rental and sales sectors.
The massive mixed-use project, called Al Habtoor City, will include three hotels and three residential blocks.
Eleven penthouses, including two VIP penthouses on levels 72 to 74, will offer the height of luxury living at the newly announced Al Habtoor City.
The $3 billion development will offer more than 3,000 hotel and residential units on one plot, set to be completed by 2017.
Nakheel made a net profit of Dhs1.77 billion in the nine months to September 30, versus Dhs1.12 billion in the corresponding period of 2012.
Real estate veteran Khalaf Al Habtoor says Dubai will quash rivals in November.
The new scheme will house over 100 mansions and sit alongside an 18-hole PGA Championship golf course.
Average sales prices have also gone up, but there’s no bubble in sight, says Asteco report.
This year’s event will cover more than 25,000 sq metres, an increase of 50 per cent on last year and Cityscape’s largest size in four years.
The lagoon will be situated in Mohammed bin Rashid City’s District One community and will cover 40 hectares of land.
House prices in the emirate have climbed more than 22 per cent over the past year.
The newly doubled fee will help level the balance between genuine buyers and speculators, experts say.
Dubai’s villa and apartment sale prices have recorded year-on-year growth of 26 per cent and 42 per respectively.
Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.
Sharjah’s affordability and proximity to Dubai has made the emirate an attractive option for SMEs and even some multinational companies.
Damac Towers by Paramount Hotels & Resorts will offer 215 units of serviced residences, from one to three-bed apartments.
Dubai has been recovering from a real estate crisis and property prices have begun to rebound.