On average, firms in the real estate industry have reduced by 8 per cent year-on-year for the past two years
A gradual stabilisation is expected in the market in 2020
The company’s profit was helped by solid performances at its development and hospitality units.
Dubai property prices have steadily fallen since a mid-2014 peak
The Dhs8bn Bluewaters project opened late last year
Handover of the floating seahorse villas are now slated to begin later this year
The properties are spread across five states including North Carolina, Georgia, Florida, Arizona and Texas
The launch follows “the sell-out response to the launch of its first two phases”, Emaar said
Opening up the UAE market to foreign lenders would offer more options for investors
Property prices in the kingdom are anticipated to recover in the longer term with the launch of new projects
The round was led by KCK Group with eight other investors participating, including Exor Seeds
Most off- plan inventories are now focused on the affordable and low to mid-market options, finds report
DIP said more attractive funding alternatives were available
Quarterly survey finds 61 per cent of the respondents are still in the same home they were in a year ago
One of the driving forces of Dubai’s development strategy for the property sector has been the addition of new geographies
Prices have steadily fallen since a mid-2014 peak
Emaar Properties and Nakheel have reportedly halted plans to issue US dollar-denominated bonds
Prices at Alreeman start from Dhs690,000 for villa plots and Dhs4.69m for commercial plots
The three and four bedroom villas are located in the Emaar South community
Residential capital values in the emirate fell 11.1 per cent in 2018
With rents continuing to fall, landlords are now eyeing holiday rentals, finds report
The luxury tower, which rises 240 metres tall, will include a 289-room St. Regis hotel and 432 residences
The mid-market, mixed-use development, Alreeman, will offer residential and commercial land plots
The 44-storey Palace Residences tower is the first launch in the Dubai Creek Harbour development in 2019
Dubai is heading towards the bottom of its property market downturn, says Savills regional chief
SRC aims to accelerate housing construction by injecting liquidity into the real estate market
Valued at Dhs1.5bn, the sales included properties on Sweden Island, Germany Island and 78 floating seahorses
The average price for an apartment has declined 12 per cent since September 2015, according to the firm
The metro project is slated to begin operations next year
While 865 developers were registered with the Dubai Land Department in 2018, one in four had projects currently active