web analytics

Dubai property authorities to clarify default rules

A new real estate law amendment is to be introduced in Dubai to clarify what happens when a property buyers defaults on payments. At present...

The new unofficial Dubai Rental Index released

The Dubai Real Estate Regulatory Authority (Rera) released the new rental index, which was expected to show a 10 to 15 per cent drop...

U-turn in car parking legislation

The Dubai Land Department has revised legislation that was to force residents to pay for a car parking space with newly acquired property following...

Emaar Misr launches sale of fully-finished Mivida townhomes in Views District

•Starting price at EGP1.2 million with only 5% down payment •Two- and three-bedroom units of size 158 to 190 sq m; delivery scheduled for 2012 •Located...

Tameer Towers project under consideration

Tameer Holding has informed the contractors appointed to build  the Tameer Towers project in Abu Dhabi about it's decision to cancel the contract, says...

Dubai Department of Economic Development, Dubai Real Estate Corporation join forces...

The Dubai Department of Economic Development (DED) and the Foreign Investment Office (FIO) have recently signed a Memorandum of Understanding (MoU) with the Dubai...

Al-Wasl Real Estate inaugurated

H.H Sheikh Maktoum Bin Mohammed Bin Rashid Al-Maktoum today inaugurated the head office of the Wasl Real Estate Group in Al-Mankhoul area in Dubai,...

UAE Travel ‘&’ Tourism Sector Ranks “1st” in the Middle East...

HE Hani Rashid Al Hamli Secretary-General of Dubai Economic Council, pointed to the vital role played by the travel and tourism sector (T'&'T) in...

Top ten Abu Dhabi projects worth $208 billion

Global slowdown notwithstanding, the capital of the United Arab Emirates continues to be transformed with masterplan budgets for the city's top ten civil projects...

Emaar considering the cancellation of Warsan, Asmaran and Maysan

Emaar received petition regarding cancellation of three projects worth more than $24.5 bilion Emaar Properties said on Thursday it will consider a petition from over...

Escrow (Trust) Account – Explained

Escrow Account explained by consultant from Vispiron Properties Escrow or Trust Accounts are Bank Accounts set up in the name of the project, a client...

Property Sales worldwide fell nearly 60 per cent in 2008

The latest comprehensive report  Global Capital Trends™, published by Real Capital Analytics, Inc. reveals that as perceived risk increased and lending decreased throughout 2008,...

UAE capital still one of most dynamic real estate markets in...

Organisers report 85% space already sold for Cityscape Abu Dhabi 2009 The economic slowdown and the corrections to global property prices are failing to dampen...

BCS welcomes RERA initiatives

1. Freezing of service charges positive step, says BCS CEO 2. Supports introduction of online registration system for Owners Associations 3. Looks forward to full implementation...

New Federal Law will grant residency visas to property owners

New federal law granting residency visas to owners of freehold property, regardless of their nationality or the size and value of the property, will...

Milford Real Estate closed it’s two offices in Dubai

According Dubai Eye (103.8),  Milford Real Estate LLC , which was established in 2002 prior to the inauguration of Dubai freehold property laws, closed...

Union Properties partners with Emirates Environmental Group

Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates has signed a Memorandum of Agreement (MOA) with the...

RERA denies media reports on Dubai real estate market

Dubai Real Estate Regulatory Authority (RERA) has denied receiving a letter signed by 300 real estate investors, developers and advocates expressing their concern over...