Property consultant Jones Lang LaSalle outlines the key factors that will impact the UAE’s property market this year.
Sorouh will be dissolved as part of the merger, and the new entity, called Aldar Sorouh Properties, will have over $47 billion in assets.
The central bank governor has reportedly claimed that the new rules are not imminent.
The Abu Dhabi-based property developers will merge through a share swap, according to sources.
The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
The Dubai developer has denied reports it is planning to list its malls business.
Emirates Hills comes joint top with the Palm in poll by local property portal.
The new regulations are expected to include the mortgage caps introduced by the central bank late last year.
The emirate’s residential property index jumped 13.46 per cent in 2012.
The two Abu Dhabi-based property developers have a combined market capitalisation of about Dhs10 billion.
The proceeds will be used to settle trade creditor claims against the Dubai developer.
The emirate’s real estate sector edged backed to life in 2012.
Apartment rents in Dubai rose seven per cent year-on-year, while villa rents increased six per cent year-on-year in 2012, says new report.
A UAE central bank circular issued last week said mortgage loans for foreigners should not exceed 50 per cent of the property value.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
Property investment company IP Global lists the prime global locations for regional real estate investors and explains why they are attractive hotspots.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
Foreigners buying real estate in the UAE can now only get a loan for up to 50 per cent of the property’s value, say sources.
Steven Morgan, head of country at Cluttons UAE discusses the outlook for the regional property sector.
Survey shows ‘significant increase’ in investment from Europe.
Inter-GCC real estate ownerships rose 20.5 per cent last year, according to official statistics.
The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.
Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.
The developer has announced its first major project since 2008 with a 53-storey tower in Downtown Dubai.
Steven Morgan, head of country, Cluttons UAE and Paul Preston, director and head of Middle East, IP Global, lead the debate.
Emaar and Dubai Holding unveil the first development in the ‘city within the city’.
This year witnessed a turnaround for the emirate’s struggling real estate sector.
Dubai is the top choice for regional high net worth individual investment.
A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.