#Real Estate

Khalaf Al Habtoor

Al Habtoor opens booking for new luxury residential tower along banks of Dubai Water Canal

The 73-storey Amna Tower features 537 luxury units, including four ultra-luxury penthouses

Video: Saudi Crown Prince announces car-free, zero-carbon city, ‘The Line’

Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030

Abu Dhabi’s $232bn Mubadala wants to take crack at Top 10

The fund is reshaping its structure to focus on four business platforms: UAE investments, disruptive investments, direct investments and real estate and infrastructure

Is now a good time to invest in Dubai property?

The simple, fundamental principle of investing dictates that you should buy low and sell high

Dubai Metro extension to benefit ‘thousands’ of investors and residents – Nakheel

Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day

Damac sees UAE property market recovery in two years

The impact of Covid-19 and a likely reduction in the UAE population will hamper the revival

Crowd investment platform Stake launches in UAE

Users can own a piece of real estate for as little as Dhs2,000

Emaar Development announces new chairman, Alabbar to remain in executive role

Adnan Kazim has been named as its new chairman in line with regulatory requirements

Sharjah’s Arada launches Naseej District; CEO ‘extremely bullish’ on outlook for 2021

The sales launch of the district’s first residential building, Tiraz 1, begins on December 16

Dubai Real estate

Real estate: New Dubai law issued for cancelled and unfinished projects

If RERA cancels a real estate project, a special tribunal will be responsible for liquidating it and ensuring settlement of all rights related to the project

Emaar appoints new chairman as Mohamed Alabbar takes on role of MD

Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director

Investment lessons: Outbound Middle East capital seeks emerging asset classes

The considerable levels of dry powder available across the Middle East is expected to target diversification opportunities and long-term higher returns

Alabbar

Alabbar dismisses claims that Dubai’s Emaar has stopped building as “nonsense”

The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties

Noon and Emaar

Dubai’s noon.com offers luxury apartment during Yellow Friday sale

The raffle starts on November 26, and will conclude at midnight the following day

Deyaar awards Dhs370m contract for final phases of Dubai’s Midtown project

Deyaar is offering a flexible payment option with initial payment of 10 per cent

Nakheel CEO Naaman Atallah[4] copy

Dubai developer Nakheel appoints new CEO

Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role

Industry outlook: How has the wealth management space fared in the GCC?

Similar to wealth, wealth management has gone through layers of evolution to become a specialised investment advisory service

Real Estate

Revealed: The most transparent real estate markets in the MENA region

Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index

Sharjah UAE

Sharjah real estate transactions total Dhs4.6bn in Q3 2020, up 10% y-on-y

There were a total of 14,854 real estate transactions completed in Q3 this year

Is proptech a real game changer for the real estate sector?

Disruptive technologies have propelled specialised tech solutions focused on real estate and property management

Dubai’s Emaar Properties posts 45% slump in net profit for Q1-Q3 2020

The developer’s revenue figures for Q1-Q3 2020 totaled Dhs13.37bn

New Dhs600m floating hotel, houses project coming soon to Dubai Marina

Sea Palace floating resort and moveable villas have been developed by a shipbuilding company

Abu Dhabi

Abu Dhabi announces rental discounts for additional private sector businesses

Beauty and hair salons, dental clinics and nurseries in the emirate can apply for a 20 per cent rebate

Dubai’s real estate space: Is demand catching up?

As demand starts to rally, developers need to ensure they keep pace with the changing requirements from investors

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

Building back: Is Dubai’s real estate market rising again?

The emirate’s real estate sector has witnessed signs of a rebound in the wake of easing Covid-19 restrictions

Oman

Oman planning its biggest property trust IPO

Oman REIT Fund is planning an initial public offering that could raise about $100m

Aldar eclipses Emaar as top UAE developer on $8bn deal

The company expects more government projects to come its way

Dubai Land Department fines 10 real estate companies, warns 30 for non-compliance with advertising laws

Each fine starts at Dhs50,000, and may escalate leading to cancellation of the licence of the violating real estate company

Union Properties Dubai Autodrome

Profits for Dubai’s Union Properties exceed Dhs500m in Q3 2020

The value of its assets increased 5 per cent from Dhs5.9bn to Dhs6.2bn