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.
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.
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.