Manchanda had been acting CEO of the Dubai-based developer since June 2011.
Firms are eyeing REITs, which are transforming the speculative property market into a stable source of revenue.
The assets being sold include land in Qatar and the Barwa New Cairo project in Egypt.
The Dubai developer will build multiple housing projects in the country, possibly alongside Damac.
Property developers not complying with the laws and rules set by Dubai’s RERA should face strict penalty, says Khalid Al Malik, DPG’s group CEO.
Developers are upbeat about recovery in Dubai’s property market.
Gulf Business brings you all the news from Dubai’s main property event.
The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.
Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.
The company has no plans to launch an IPO, but may do so in the future.
Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.
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.
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.