Dubai-based developer says its website received traffic from 75 countries for online registration for The Address Residence Sky View.
Managing director Hasan Ismaik will replace Kamal as the new chief executive of the construction company.
Sheikh Nahayan bin Mubarak has cancelled the deal less than two weeks after it was signed.
In return for their multimillion franc investment, owners will receive “full on effortless living”
The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.
The real estate firm recorded improved sales in established communities such as Downtown Dubai and Dubai Marina.
The developer is showcasing its Dubai-based properties to Indian investors.
Aldar, which has been bailed out by the Abu Dhabi government over the past two years, plans to merge with rival Sorough.
As part of the contract, DSI will undertake MEP works for a mixed-use real estate development in Doha.
The contract covers building the hotel as well as maintaining its development for one year.
Could the UAE central bank’s initiative to impose mortgage caps in the country have a negative impact on the fledging real estate revival?
The development in Karachi may reportedly include the world’s tallest building.
The emirate has announced plans to build a Dhs6 billion island project that will include the world’ largest ferris wheel.
Lack of properly developed infrastructure and operational facilities remain off-putting for certain segments of the market, says new report.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
Investors seem to have shrugged off Emaar’s 28 per cent drop in fourth-quarter profit.
The Emirates Banks Association has sent its recommendations on proposed mortgage caps to the UAE central bank.
The property developer made a net profit of Dhs38.6 million last year.
The Abu Dhabi-based developer, currently in the process of a merger with Sorouh, made a fourth-quarter net profit of Dhs200 million.
Emaar boss Mohamed Alabbar tops the Gulf Business list of the most powerful Arabs in the real estate.
Sheikh Mohammed has ordered work to start on the Dhs2.5 billion Nakheel Mall project in Palm Jumeirah and Dhs800 million Pointe project.
Although revenues rose 20 per cent during the quarter, the developer’s profit was hit by rising costs.
The property firm, which is in the midst of a merger with Aldar, posted a net profit of Dhs118.9 million in the fourth quarter of 2012.
The most significant price rise was seen in villas located in premier locations, finds new report.
The residential leasing market in the country is slowly picking up despite political instability, says report.
The UK economy has given the Gulf state reasons to be concerned about the development.
Property firms Aldar and Sorouh agreed on an all-share merger last week creating a company with $13 billion in assets.
The UAE central bank is still holding negotiations with the Emirates Banks Association and no rule has been issued as yet.
Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.
The sector is receiving interest from investors because of double-digit growth.