Average rents in the Saudi city were down 8.5 per cent year-on-year in Q1
The new standard contract became mandatory from March 1, 2017
Damac Towers by Paramount Hotels and Resorts features four towers
Only 10.3 per cent of tenants in the emirate registered a drop in rents over the past year
Transactional activity for residential property rose by 25 per cent quarter on quarter in Q1
Plantation Holdings had alleged DIB breached its duties as mortgagee
The contract has been awarded to Towers Technology Contracting
The company said a smaller tenant base and trend of owner occupiers would continue to impact demand this year
Dubai Land Department also confirms year-on-year rise in the value of real estate transactions in Q1
The Burj Khalifa registered a 25 per cent drop in values in the last 12 months, making it the weakest performer across the city
The contract will cover the construction of five 11-floor buildings comprising 512 units
Analemma Tower, created by Clouds Architecture Office, will be suspended from an orbiting asteroid
The first sale of new residential property in the country will be subject to the zero rate of VAT
The Tower at Dubai Creek Harbour is anticipated to be completed by 2020
The island includes the world’s tallest and largest observation wheel
The projects include an island mixed-use development a hospitality resort and a mall
Bayut.com said the market was becoming more affordable to buyers and renters
The wider Vida Dubai Marina Hotel, residences and Yacht Club is replacing the existing Dubai Marina Yacht Club
Arcapita also bought eight warehouses in Dubai’s Al Quoz area last year
In total the authority approved 24 development projects for the fourth quarter
Among the main contracts awarded were for various services at its Akoya Oxygen, Damac Hills, Aykon City and Avanti and Merano Tower projects
Final testing and commissioning work is underway
Alabbar said he was “cautiously optimistic” about Dubai’s property market
The 29-storey tower is slated for completion in 2019
Most landlords currently expect payments in four cheques, finds report
Prices for the luxury units, which range from one to seven bedrooms, start at Dhs1.9m
Investcorp said it was confident in the growth potential of the US property market
No company is permitted to advertise about any property without first obtaining DLD’s permission
The townhouses, priced from Dhs1.3m onwards, were launched for sale in Dubai last week
Cayan said Viki Odintcova carried out the stunt without its permission