Emaar Misr had previously said that the board would vote whether to amend Alabbar’s position due to his other commitments in the real estate sector
Indians accounted for Dhs 7.8bn of transactions during the first half of 2015, DLD figures show
Two communities, consisting of 1,400 and 1,000 villas, will be built for nationals in Wadi Safa and Al Aweer 1
The state-linked builder made a profit of Dhs 601m in the second quarter of 2015
The new project boasts the world’s tallest residential tower, longest indoor ski slope, largest dancing fountain, highest observation deck and highest sky restaurant
The capital’s housing stock saw the lowest level of growth in the last five years, potentially pressuring rents to rise
The developer made a net profit of Dhs 1.18bn in the second quarter of 2015
The market is expected to see a further drop in prices during the second half of the year, says JLL
S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors
The company attributed the increase in profit to a rise in property handovers
The drop in rents was attributed to a surge in supply
Media reports in India quoted sources as saying Emaar was close to ending its decade-old joint venture with MGF Developments
Rents in Sharjah fell 3 per cent quarter-on-quarter in Q2 as a reverse relocation trend to Dubai gained traction, says report
The project will have 11 educational facilities and a massive upscale mall in addition to features such as jogging and bicycle tracks, mosques and other green spaces
Located in the Nine Elms regeneration area, the 50-storey project is slated for completion in 2020
The sales constituted land plots on Nareel Island and Al Merief developments, as well as unit sales at Meera at Shams Abu Dhabi
Locations such as Palm Jumeirah and Jumeirah Beach Residences posted a significant quarterly drop in rents this year
Gerald Lawless says emirate’s property market has matured well since the financial crisis
Majed al-Hogail, former MD of Rafal Real Estate Development, was chosen to head the housing ministry by King Salman
Developments such as Eastern Mangroves and St Regis Residences saw rents rise 10-12 per cent in Q2, says Asteco report
Affordable housing has become the new buzzword in Dubai’s property scene. Why?
Dubai is unlikely to see a steep growth in rents as the market stabilises, a new report says
The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed
Do proper due-diligence on the developer and visit their existing projects in order to pick the right one
By following a few simple steps renting in Dubai can become a lot easier, writes Toby Young managing director of propertyrights.ae
The institute will develop a talent pool of senior managers and project developers in order to expand the UAE’s real estate sector
The contract includes construction of 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands
The clarification came following reports that the transaction fee would rise from 4 to 8 per cent
The developer did not disclose the value of contracts.
Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.