Home next Industry next Real Estate

Real Estate

New units to hit Dubai property market recovery in 2017

Around 70,000 new are units expected to be delivered in Dubai between 2017 and 2019

Saudi real estate prices fall 8.7% in 2016

Cuts in public spending last year hurt many Saudis’ purchasing power

Dubai Properties launches large villas in its Villanova project

The new villas – La Quinta – form the second phase of the Villanova project in Dubailand

Saudi prepares to handover 120,000 homes to citizens

The distribution of units will begin next month and will be completed within three years

Dubai property market will see upturn in 2017- KPMG

Real estate transactions in Dubai hit Dhs259bn in 2016

Dubai’s market recorded a total of 60,595 real estate transactions in 2016

Trump turns down $2bn proposal from Dubai’s Damac

The US President-elect is seeking to distance himself from his business empire

HSBC to advise Saudi on privatising management of school buildings

Tatweer Buildings aims to begin offering public-private partnerships for school buildings this year

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

Dubai hits four-year high for new residential units

JLL said a further 31,000 units are scheduled for completion this year

Dubai property market likely to move ‘sideways’ in 2017 – Damac CFO

Damac expects to maintain its 25 per cent cash dividend policy for 2016

Saudi central bank lifts home buyers’ bank loan-to-value ratio to 85%

The move will apply to purchases of first homes by Saudi citizens

Damac launches luxury villas at Akoya projects

Kensington Boutique Villas, at Akoya Oxygen, are priced from Dhs1.35m onwards

Dubai World Trade Centre awards Dhs725m contract for One Central project

Al Futtaim Carillion has won the contract for the third phase of the One Central development

Abu Dhabi backdates new municipality fee payments for renters to February

Expat renters will have to pay the 11-month fee for 2016 in one lump soon

Dubai developer Damac eyes closer ties with Trump Organization

Damac’s chairman has said he will have no issue in expanding and growing his relationship with the firm

Dubai developer Meydan secures $272m funding from banks

The funding will be used for existing projects and future schemes

Eagle Hills awards grading works contract for Fujairah Address resort

The Address Fujairah Resort + Spa hotel and residences project is located in Sharm in Fujairah

Dubai developer Damac offers buyers free BMW cars this DSF

Customers buying properties starting from Dhs599,000 will win a free luxury car

Aldar says work progressing on mid-market project Shams Meera

The project is expected to be handed over in the second quarter of 2018

Emaar plans 2 million sq ft mixed-use development in Ras Al Khaimah

Development will be Emaar’s first foray into the northern emirate

Dubai developer Azizi plans 50 new projects in 2017

The 50 new projects will be developed in various parts of Dubai

Qatar’s UDC sells Abraj tower for QAR1.25bn

The commercial tower is located at the entrance of The Pearl

Stage one infrastructure works on Deira Islands complete – Nakheel

Stage two infrastructure works on the project are now underway

Abu Dhabi reintroduces 5 per cent rent cap after three years

The move aims to protect tenants from unjustified hikes

Damac says Trump International Golf Club on track to open in Q1 2017

The developer has awarded 15 contracts worth Dhs1.26bn from August to November 2016

Construction begins on new Address Jumeirah project in Dubai Marina

The Address Residences Jumeirah Resort and Spa is located at the end of the Jumeirah Beach Walk

Dubai reveals new property marketing rule for brokers

Brokers now require written authorisation from real estate owners before they can market any properties

Dubai’s mega Town Square development to deliver 2,000 homes in 2017

Construction contracts worth over Dhs3bn have been awarded

Middle East property market faces uncertainty after Trump election

Sudden policy changes made by the incoming US President will affect regional real estate markets, says Cluttons

World’s new tallest tower in Dubai undergoes geotechnical investigation

A range of geotechnical testing has been done on the upcoming Tower at Dubai Creek Harbour