Emaar generated revenue of Dhs1.63 billion in the three months ending June 30 compared to Dhs815.6 million a year earlier.
As the value of the rupee depreciates, Indian developers are luring NRIs to invest in India’s real estate market.
Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.
Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.
More than half of the plots on Dilmunia Island were sold out on the day they were launched, says developer.
Aldar said quarterly earnings included a one-time gain of Dhs2.6 billion principally driven by the acquisition of Sorouh’s assets.
Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.
Shanghai Tower will reach up to 632 metres high, around 200 metres shorter than Dubai’s Burj Khalifa.
The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
The Dubai developer made a net profit of Dhs1.23 billion, up marginally from Dhs1.22 billion in H1 2012.
Apartments in areas like Al Nahda and Al Majaz recorded a rental hike, while villa price hikes varied depending on location.
The Dubai developer says it has slashed service charges across many of its properties in Dubai.
The Dubai developer says it has started receiving fresh interest from investors for the stalled development.
The Gulf state is slowly recovering from the costs of political unrest with strong government-backed spending on housing projects.
The residential sales market continued to grow due to UAE’s safe haven status while rents stabilised after a growth spurt in Q2 2013.
The value of real estate transactions rose 30 per cent on the same period last year.
The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.
ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.
However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.
The debt-ridden developer made a net profit of Dhs1.2 billion during the first half of the year on higher revenues.
Apartment sale prices rose significantly in the second quarter of the year compared to Q1 2013, finds new report.
Despite an abundance of construction projects in Qatar, local real estate developers constitute a fraction of those benefitting from the boom.
The new project will be situated alongside the Trump golf course within the new Akoya development.
The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.
While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.
The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.
China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.