The first half of the year saw Dubai’s residential market sustain positive growth across both the rental and sales sectors.
Gulf Business brings you all the news from the region’s biggest property event.
Nakheel World, part of Dubai World and separate to Nakheel, will repay the money to Saudi-owned Al Falak International.
The massive mixed-use project, called Al Habtoor City, will include three hotels and three residential blocks.
Eleven penthouses, including two VIP penthouses on levels 72 to 74, will offer the height of luxury living at the newly announced Al Habtoor City.
‘The Lagoons’ will have a central business district, an entrepreneurial zone and retail units.
The $3 billion development will offer more than 3,000 hotel and residential units on one plot, set to be completed by 2017.
Nakheel made a net profit of Dhs1.77 billion in the nine months to September 30, versus Dhs1.12 billion in the corresponding period of 2012.
Real estate veteran Khalaf Al Habtoor says Dubai will quash rivals in November.
The new service will offer the 500,000 Filipino expats in Dubai more travel options during peak periods.
The new scheme will house over 100 mansions and sit alongside an 18-hole PGA Championship golf course.
Will Abu Dhabi’s new financial zone look to rival its Dubai neighbour? Or will collaboration between the two be a wiser move for the region?
This year’s event will cover more than 25,000 sq metres, an increase of 50 per cent on last year and Cityscape’s largest size in four years.
Strikingly designed hotel aims to open in the Burj Khalifa district in 2016.
The lagoon will be situated in Mohammed bin Rashid City’s District One community and will cover 40 hectares of land.
Dubai wants to become a top centre for the issuance and trading of Islamic bonds, aiming to rival the main hubs of Kuala Lumpur and London.
Liquid S1 is deemed most corporate friendly phone as the 5.7-inch HD screen model has dual sim and wireless office features.
House prices in the emirate have climbed more than 22 per cent over the past year.
The scheme will include a new shopping centre, four hotels and 450 restaurants as well as luxury housing and cycling paths.
Retail traders dumped some of their recent favourite shares in order to shift to DFM.
Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.
The newly doubled fee will help level the balance between genuine buyers and speculators, experts say.
Earlier this year DKV reported growth figures of 24 per cent thanks to the arrival of businesses from the education, human resources and recruitment sectors.
The smart phone will go on sale to the Middle East public at Gitex Shopper in Dubai on October 5.
Dubai’s villa and apartment sale prices have recorded year-on-year growth of 26 per cent and 42 per respectively.
Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.
Extended stay brand will target executives on long-stay business and Gulf families.
Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane
The new joint venture is being set-up with an initial capital outlay of around $8 million.
Shares in Dubai were boosted during the quarter after index compiler MSCI upgraded the United Arab Emirates to emerging market status.