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.
A report by Jones Lang LaSalle shows increased optimism is returning to the market.
Sahara India Pariwar completed its purchase of a 75 per cent stake in the Plaza for $575 million.
The most highly priced properties for sale on UAE’s market.
A senior Dubai government official says the UAE has adequate funds to build its multi-billion dollar projects.
Study shows that 27% consider preservation of capital fundamental to their investment planning.
The project, to be developed by Meraas, will also include a Bollywood-themed section.
Arabtec will buy 149.6 million shares in Depa, valued roughly at $65.8 million.
Dubai Marina and The Springs come second and third in propertyfinder poll.
Most residents fail to account for accumulated value of possessions over time, and cost of replacing clothing.
The new Moroccan themed development will be an extension of Emaar’s Arabian Ranches development.