Home next Industry next Real Estate

Real Estate

Dubai’s Nakheel to launch beachfront project, townhouses

Reuters reported this week that Nakheel was planning a return to the debt market to finance its projects

UAE sees rents, sales prices decline across the country in Q3 – Asteco

Asteco said negative business sentiment and new supply was impacting demand in cities across the country

Abu Dhabi’s Aldar fully acquires property services firm Khidmah

Aldar recently launched a Dhs20bn subsidiary for its recurring-revenue assets

Deyaar announces new residential tower in Dubai Science Park

Reports earlier in the week indicated the company was in merger talks with Union Properties

UAE banks consider asking for easing of mortgage rules

Banks have reported rising demand for mortgages as buyers seek to take advantage of falling prices

Dubai’s Union Properties denies reports of merger

Union had been in talks to merge with Deyaar before the 2009 financial crisis

Dubai’s Emaar Development replaces CEO in less than a year

Bader Saeed Hareb replaces Chris O’Donnell with immediate effect

Dubai’s Wasl launches master development in Jebel Ali

The development is located near the Energy metro station

Dubai’s Deyaar says Afnan, Dania districts at Midtown project now 50% complete

The Afnan district was originally due for completion in September 2018

UAE’s new retirement visa to help boost Dubai’s property market

The law will see a five-year renewable visa provided to expatriate pensioners over the age of 55

Bahrain’s Investcorp acquires $300m of US warehouses

The company now owns 14 million square feet of US industrial assets

UAE’s Aldar Properties creates new subsidiary with Dhs20bn assets

The subsidiary, Aldar Investment Properties, will take ownership of some of the company’s highest revenue-generating assets

Dubai’s Emaar refutes reports that it will provide 10-year investor visas

A media report claimed that the company was handing out the visas to buyers in six projects

Dubai’s Emaar to offer 10-year investor visas to some buyers – report

Projects covered in the plan include six under development in Dubai Creek Harbour and Downtown Dubai

Bahrain’s Investcorp acquires German office campus for $99m

The deal marks the company’s second German real estate investment

Aldar says subsidiaries can now own Abu Dhabi real estate

The developer formed a joint venture with Dubai’s Emaar earlier this year

Saudi’s Sidra Capital acquires London office building for $121m

Sidra has invested $226m in UK property this year alone

UAE developer launches Sharjah’s first smart homes in Dhs24bn project Aljada

Features include remote front-door access, 24-hour video security and the ability to change temperature and lighting with a button

Dubai’s Meraas announces La Mer residential project

The project will include a superyacht marina, restaurants and shops

UAE’s Majid Al Futtaim to develop world’s largest indoor ski and snow park in China

The Ski and Snow Park, spread across 90,000 square metres, will feature three ski slopes

UAE tenants paying same, higher rents despite market declines – survey

Yallacompare said its survey indicated declining rental rates were not being experienced by most tenants

Dubai’s Damac awards Dhs512m contract for Aykon City development

The contract covers construction works for tower C, the residential tower in the $2bn development

Azizi launches third project in Dubai Healthcare City

Fawad Azizi Residence comprises nearly 400 apartments

First residential units in Dubai Creek Harbour to be handed over next year

Nearly 90 per cent of the construction has been completed on the Dubai Creek Residences

Foundation works completed for super tall tower in Uptown Dubai district

The tower will comprise hotel rooms, restaurants, health spas, conference facilities, grade A offices, and 237 branded residences

Owner of UAE property site Bayut receives $50m investment

EPMG owns and operates sites across the UAE, Pakistan, Bangladesh and other markets

Dubai developer Nakheel posts 3.8% drop in H1 net profit

Annual revenues from the company’s non-development businesses are continuing to grow

Video: $5bn Heart of Europe project with snow rooms and seahorse villas takes shape in Dubai

The entire project is slated for completion in 2020

Dubai’s Emaar Properties posts 2% Q2 profit rise

The developer of the Burj Khalifa fared better than rival Damac Properties

Damac CFO says company ‘holding its nerve’ amid Dubai real estate slump

Damac is feeling the impact of the damp real estate market in Dubai