Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
This is the Dubai-based developer’s fifth property project launch so far this year.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.
This is the developer’s fourth project launch so far this year.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.
The developer will launch the sale of 188 townhouses in Mira this month.
Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan
The Egyptian pound has lost about 14 per cent of its value because of unrest in the country.
The IPO plan is reportedly at an initial stage and it is not clear whether the listing will be in Dubai.
Despite official safety claims, 43 per cent of the UAE’s residents still say they have never taken part in a fire drill, finds new survey by Honeywell.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
Richard Paul, head of residential valuation, Cluttons UAE and Paul Preston, director and head of Middle East, IP Global, lead the debate.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.
Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.
The Dubai-based construction company is building a twin-tower project in South Cairo.
A mixture of issues including the right type and price of housing, in the right locations, is causing a problem in the Kingdom, says report.
Property rates in prime locations have increased substantially in the last six months, says new report.
The Dubai-based contractor said that the fundraising was part of a five-year expansion plan.
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
The renovation will start on July 8 and is expected to take up to 10 months.
The construction firm already has 60 per cent stake in Target, an oil and gas construction business.
The $1 billion project will be located in the heart of Downtown Dubai and is expected to be completed by the end of 2015.
Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.
Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.