The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Gulf Business brings you all the news from Dubai’s main property event.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
The Dubai-based developer sold its serviced apartments marina asset to Eshraq Properties in the second quarter of the year.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.
The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.
The Dhs1.5 billion Princess Tower is 98 per cent sold, says developer Tameer.
Regional investors accounted for 12 per cent of Europe’s real estate market in Q2 2012.
The state-owned property firm has rolled over the Islamic debt facility, owed to a syndicate of banks, several times.
Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.
In a rare interview, Ali Rashid Lootah tells Gulf Business that the property empire is out of the abyss and into the black.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The Qatari property developer made a net profit of around $163 million in the first six months of the year.
Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.