The registration fee charged for real estate transactions has been raised to four per cent from two per cent.
Currently, non-UAE nationals can own up to 15 per cent of the developer
With Dubai’s apartment prices up around 20 per cent on last year, the International Monetary Fund has warned of the danger of another bubble.
The Spanish-styled villas are part of a massive extension plan of Emaar’s Arabian Ranches community.
DMCC has around 7330 registered companies operating within it.
The project will build and renovate around 10,000 houses for UAE citizens across different emirates.
The centre will deal with legal rental disputes for properties located across Dubai.
Deutsche Bank and Citigroup Inc will advise on the planned flotation, two banking sources said.
Investors bought over half of the 140 apartments in the Burj Pacific development during a two-day sales showcase.
The new property includes fully furnished serviced residences in Downtown Dubai.
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.