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Dubai developer on track to deliver Dh36.7bn mega project

May 29 ,2015, city : Dubai

The developer of Mohammed Bin Rashid Al Maktoum (MBR) City - District One, a Dh36.7 billion project in sales revenue, is not expecting any price correction in Dubai’s luxury property market.

“The market is stable and we don’t see any price correction… we see the market recovering by ... More..

UAE developers roll out new projects ahead of Ramadan

May 28 ,2015, city : Dubai

A number of new real estate projects are being rolled out across the UAE ahead of Ramadan, which is likely to start from June 18.

In May alone, seven to nine projects were announced in the UAE. Emaar Properties, Dubai’s largest developer, continues to launch luxury towers in Downtown Dubai, while MAG Property Developm... More..

Indian property stable, rupee low; time to invest now

May 27 ,2015, city : Dubai

Majority of the Non-Resident Indians (NRIs) in the UAE are paying for their properties, primarily in the price range of Rs4 million to Rs5 million, through own funds, according to a senior executive with a major Indian property developer.

“Majority of our investors from the UAE are buying properties priced in the rang... More..

Indian, British, Russian women buy billions of properties in Dubai

May 26 ,2015, city : Dubai

Indian women purchased properties worth Dh1.05 billion in the first four months of 2015, followed by Emirati women who spent Dh884 million on real estate, data provided by Dubai Land Department (DLD) to ‘Emirates24|7’ reveals.

Indian women topped the list of female investors, with their number be... More..

WhatsApp sales pitch: Buy now, new property launch in Dubai

May 25 ,2015, city : Dubai

“A new launch next week, affordable prices, 10 per cent down payment, 60 per cent payment post-handover. Call us to book your apartment.”

Cold calling is still prevalent in Dubai, but if you are no longer answering those ‘blacklisted’ calls, now expect a WhatsApp sales pitch.
<... More..

Dubai's Emaar to launch hi-rise tower in Downtown Opera District

May 24 ,2015, city : Dubai

The slowdown in transaction volumes in Dubai’s property market is not putting brakes on new project launches.

Emaar Properties, Dubai’s largest property developer, is set to launch its second twin-tower project in Downtown - Opera District on May 30, real estate agents told 'Emirates24|7'.

... More..

British expats in UAE buying UK homes

May 22 ,2015, city : Dubai

British expats living in the UAE are taking advantage of rising rents in the UK to purchase investment properties, according to Offshore bank, Skipton International.

The bank says it has seen a lot of interest from expats living in the UAE and Brits living and working abroad who want to purchase a buy-to-let property.
... More..

Dubai rents falling; oversupply fears ruled out: Report

May 21 ,2015, city : Dubai

Rents in Dubai have been falling since the fourth quarter 2014 and have continued to slide marginally in the first quarter 2015, according to Cluttons.

“Residential rents have continued to slowly soften. During Q4 2014, rents dipped by -1.9 per cent, leaving the total rental value growth last year at a... More..

Own a plot on UAE’s newest island @ Dh7 million upwards

May 21 ,2015, city : Abu Dhabi

The off-market sale of plots on Nareel Island, off Abu Dhabi’s Al Bateen coast, has generated Dh500 million in committed sales from just 27 plots for Aldar Properties, the largest developer in Abu Dhabi. It is now selling 32 more plots of the total 148 on the island, with a starting price of Dh7 million.

“During... More..

Dubai property rents drop, unlikely to rise sharply in the short-term – report

May 20 ,2015, city : Dubai

Residential rents in Dubai are continuing to soften, with rents now 1.5 per cent lower than this time last year, according to a new report by Cluttons.

Total rental growth stood at 0.4 per cent in 2014, however a 0.4 per cent dip in average rents during the first quarter of 2015 has negated the slight gain, it added.
... More..

UAE companies in race to build second tallest tower in Dubai

May 19 ,2015, city : Dubai

Dubai is home to the iconic 828-metre high Burj Khalifa, the world’s tallest tower, but companies here are now vying to claim second place on the list of tallest towers in the emirate.

RP Global, the latest to enter the property development arena, has announced plans to build RP One, which it claims will be the second... More..

How real estate investment can get UAE residents US green card

May 18 ,2015, city : Dubai

A foreigner investing a minimum of $1 million, or $500,000 in some cases, in a project that creates at least 10 jobs can apply for a green card in the US, according to the Immigrant Investor Programme (EB-5) programme.

Investing in real estate projects in exchange for legal immigration status has become big business in New ... More..

Dubai developer's townhouse project in Mudon sold out

May 17 ,2015, city : Dubai

Dubai Properties, the real estate arm of Dubai Holding, has sold out all the units released during the Saturday's launch of Arabella Townhouses, a project within Mudon community, a company spokesperson told Emirates 24|7.

"We sold out all units launched today and additional units were released for sale due to stron... More..

DP's Arabella townhouse launch today sees queues of buyers

May 16 ,2015, city : Dubai

Long queues were witnessed outside the sales office of Dubai Properties, the real estate arm of Dubai Holding, which is launching ‘Arabella Townhouses’, its new project within Mudon community today (Saturday), people at the venue told Emirates 24|7.

“There have been hundreds of investors st... More..

Abu Dhabi’s Aldar Q1 Net Profit Rises 36%

May 14 ,2015, city : Abu Dhabi

Abu Dhabi’s Aldar Properties reported a 36 per cent rise in first-quarter net profit on Thursday as costs fell and earnings from its rental business surged.

Aldar, like other developers in the United Arab Emirates such as Dubai’s Emaar Properties, has diversified its income away from property sales and into recu... More..

Live next to Dubai Expo: Developer to sell units from Dh380,000

May 14 ,2015, city : Dubai

Year 2015 is fast becoming the year of affordable housing, with one more Dubai developer entering the property arena with a product matching the market need.

In an emailed brochure to clients, MAG Property Development revealed plans to build ‘MAG 5 Boulevard’, an integrated residential community in Dubai World C... More..

Dubai official rent index update… click to know rent in your area

May 14 ,2015, city : Dubai

Rents for apartments in Dubai have remained stable, registering no upward or downward movement across communities, reveals the second update of Real Estate Regulatory Agency’s (Rera) rent index.

A comparison done by Emirates 24|7 of the first index update of 2015 with the last update of 2014 had reveal... More..

Dubai 'hot' property deals: No 4% fee, interest-free EMIs, pay after handover

May 13 ,2015, city : Dubai

As more and more developers announce projects in Dubai, companies are now focusing on offering investors freebies and flexible payment plans that run post unit handovers.

In its 'Wealth Gauge' report in March, Mashreq, a top bank in the UAE, said real estate development with innovative payment plan was the need of t... More..

Dubai Properties Launches Arabella Townhouses In Mudon Project

May 11 ,2015, city : Dubai

Developer Dubai Properties has announced the launch of a new townhouses project within its Mudon community in Dubailand.

Arabella Townhouses will offer investors three bedroom (mid, end, semi-detached) and four bedroom (semi-detached) units with average unit sizes ranging from 1,984 to 2,603 square feet, a statement said.More..

Revealed: Best month to buy or sell property in Dubai

May 12 ,2015, city : Dubai

When and where to buy a property is always a personal decision, but a new report now cites the probable months for gains for buyers and sellers in Dubai.

The report by Unitas Consultancy and puts the optimal time to purchase a property in the emirate from October to February, while May to July are the most favour... More..

Kingdom of Sheba to come alive on Dubai's Palm by year-end

May 11 ,2015, city : Dubai

The Kingdom of Sheba on Dubai’s Palm Jumeirah will see the first residents move into their homes by the year-end, a top company executive told Emirates 24|7.

“The project had some difficulties and has been delayed by a couple of years.

“The project is back on track as we have... More..

New homes put pressure on rents; Dubai lease rates dip again in March

May 10 ,2015, city : Dubai

Residential rents in Dubai slipped marginally in March 2015 with rentals facing further pressure as more units are released, according to new reports.

“Prices in the rental market declined by 0.29 per cent in March, with rates rising 5.4 per cent year-on-year (y-o-y),” said in its monthly report.

Sharjah rents rise... but no commission; up to 6-cheque payment

May 10 ,2015, city : Sharjah

Asking rates for one-bedroom apartments in Sharjah’s Corniche and Al Majaz area have increased by up to 20 per cent in the past six month, market listings analysed by Emirates 24|7 reveals.

Rates, which ranged from Dh38,000 to Dh40,000 per annum (pa) in November 2014, have now reached Dh40,000 to Dh48,000 pa by end of... More..

Filipino expats in UAE offered homes for Dh37,000 in Philippines

May 7 ,2015, city : Dubai

There is good news for those of the 600,000-plus Filipino expatriates in the UAE looking to buy a property in the Philippines.

Ayala Land, the country’s largest real estate developers, is offering “affordable” houses, with prices starting as low as Dh37,000 (PhP 450,000), a senior company executive has rev... More..

Dubai Falls In Global Luxury Property Price Rankings As Market Cools

May 7 ,2015, city : Dubai

Dubai has dropped to the 27th rank on property consultant Knight Frank’s Prime Global Cities Index, a list that ranks cities on the basis of the performance of their luxury residential properties.

Prime house prices in the emirate fell 1.1 per cent year-on-year in the first quarter of 2015 while showing a 1.9 per quar... More..

Which buyers paid Dh6.5m - in cash - to buy 'floating seahorses' in Dubai

May 5 ,2015, city : Dubai

Thirty-five of 42 'floating seahorses' (marine style retreats) have been sold to Gulf Cooperation Council (GCC) nationals, Europeans and Indians, who have paid Dh6.5 million in cash, so far, for each unit, the Kleindienst Group chief told Emirates 24|7.

“We have sold 35 out of the 42 ‘floating seahorses&... More..

Damac To Launch Mixed-Use Luxury Strip Vista Lux In Akoya

May 3 ,2015, city : Dubai

Dubai-based developer Damac has announced that it will be launching a luxury retail strip that will run within its AKOYA Oxygen development.

Named Vista Lux, the one million sq ft central entertainment and retail district includes a waterway and more than 1.5km of walkways.

Vista Lux will house more than 2,00... More..

Precious stones inspire new Dubai hotel at JBR

May 4 ,2015, city : Dubai

The Jumeirah Beach Residence will see another towering complex dotting its skyline when the Crystal Towers opens its doors in 2016.

The project will feature Rixos Hotels’ second property in Dubai, located on JBR The Walk, offering hotel rooms, suites and residential apartments.

In a statement, Bugra Ber... More..

Home News Crime Entertainment Offbeat Sports Business Property Lifestyle Classifieds Videos Pictures Bollywood Jobs Prayer Time IPL 8 Live Gold Rate Home News Advanced Real estate to gain momentum soon: Nakheel Chairman

May 4 ,2015, city : Dubai

Dubai-based Nakheel company expects to largely boost its income to nearly Dh7.5 billion during 2018-2019 after it completes payment of debt to commercial creditors in 2016, its chairman was quoted on Monday as saying.

Rashid Lootah also told the Sharjah-based Arabic language daily 'Al Khaleej' that six new p... More..

Architect plans underwater tennis complex in Dubai

May 4 ,2015, city : Dubai

The concept designs of underwater hotels or residential villas have been floated in Dubai and now, a Poland-based architecture firm, has served up an ace with plans for an underwater tennis complex in the emirate.

Polish architect Krzysztof Kotala of 8+8 Concept Studio, the promoter of the concept, is scouting for big time ... More..

Developers launch projects on Dubai's Palm Jumeirah, Deira Islands

May 4 ,2015, city : Dubai

Two new developments have been announced on two man-made islands in Dubai - Palm Jumeirah and Deira Islands - on Sunday, ahead of a slew of new project likely to be unveiled at the Arabian Travel Market, which begins today.

Nakheel, a master developer, announced plans to build a 750-room beachfront resort at Deira Islands, ... More..

Low rentals in Dubailand make it top draw for Dubai tenants

May 3 ,2015, city : Dubai

An increasing number of tenants are moving into Dubailand driven primarily by affordable rentals, according to a new report.

“Far-flung communities of Dubailand and Jumeirah Village are increasingly seeing more people move in this year, likely due to lower rent prices,” and FlatRevie... More..