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.
The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.
The behemoth Indian real estate market is said to be at the brink of a collapse that isn’t quite happening.
Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.
Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net
Dubai-based property developer Emaar plans to create a mixed-use development in the area.
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.
Residents can now complete residential and commercial tenancy contract registration at select post offices.
Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.
The group, with links to the royal family, has bought a 45 per cent stake in Native Land which operates in London’s wealthy Chelsea.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.
The Dubai-based developer has selected seven regional and international banks for investor meetings in London.
Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.
Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.