Apartments sales and rents stabilise in Dubai
The Dubai residential property market remained steady for the fourth consecutive quarter of 2011 in a clear sign that confidence is returning to the emirate's real estate market.
Foreclosed properties hit auction market in Dubai
The Dubai Land Department sold eight foreclosed homes in Dubai in the first bulk sale of repossessed homes in the emirate last week.
Nakheel pays off AED 7.3bn to creditors
Property Developer Nakheel has paid AED 7.3billion it owes to trade creditors under its debt restructuring proposal, said a spokesman for Nakheel.
Full masterplan of Al Zorah Resorts in Ajman unveiled
Al Zorah Development Company, a joint venture of the Government of Ajman and Solidere International, today unveiled the full master-plan of its ambitious Al Zorah Resorts project
Etihad Towers commences leasing of luxurious homes and offices
Etihad Towers, Abu Dhabi, the inspiring luxury development by Sheikh Suroor Projects Department (SSPD), has commenced the leasing of its residential and office elements, which are now ready for handover.
International Tower, complete and ready for occupation
International Tower, the largest commercial tower at ADNEC’s Capital Centre is the first to complete.
Rent Cap in Abu Dhabi remains 5% until November 2012
New law caps amount of annual increase in rental value at 5 percent of the original rent, specifying increase can be between zero and five percent.
Investors turn to U.S. and Emerging Markets, Fund Manager Survey
BofA Merrill Lynch Fund Manager Survey Finds Investors Turning to U.S. and Emerging Markets Amid Eurozone Fears
18 firms accredited to conduct financial auditing of real estate projects...
The Real Estate Regulatory Authority (RERA), the regulatory arm of the Land Department in Dubai (LD), has accredited 18 auditing firms and bureaus to...
TDIC launches second phase of Saadiyat beach villas
Tourism Development '&' Investment Company (TDIC), the master developer of Saadiyat in Abu Dhabi, today launched the second phase of Saadiyat Beach Villas
Prime office rents increase for seventh consecutive quarter worldwide
Key findings of the Jones Lang LaSalle’s Global Office Index, office rents
Residential property sales in Dubai nosedive
Residential property sales in Dubai have nosedived over the past year, declining by a 45%, from 2,649 transactions in Q3 2010 to 1,459 in Q3 2011.
R-Serviced Offices open in Business Bay
The successful Serviced Office provider R-Serviced Offices has increased its presence in the UAE by opening a second premium location in the highly sought-after...
Sorouh strengthens its cash generative recurring income portfolio
Al Rayyana is an important development for Sorouh as it will form an important part of the cash generative recurring income portfolio.
Emaar Properties records net operating profit of AED1.249 billion in first...
Emaar Properties PJSC, the global property developer of iconic projects, reported today a net operating profit of AED 1.249 billion (US$ 340 million) in the first nine months (January to September) of 2011.
Tourism projects worth Dh2 billion endorsed in Dubai
Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched about Dhs2 billion new package tourism...
Oversupply to suppress Dubai Property Market until 2016
According to the ratings agency Moody's, Dubai's property market will continue its downward trend with oversupply likely to delay a price recovery until 2016.
Residential...
Emaar launches Dawahi Development to develop ‘value housing’ projects
Emaar Properties PJSC announced launch of new wholly-owned subsidiary, Dawahi Development, a next-generation developer of 'value housing' projects
