Construction is set to commence in November 2021, with handovers expected to begin in February 2024
Of the transactions, 71 per cent were for apartments and 29 per cent for villa/townhouses
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
Emaar Properties reported a 57.8 per cent drop in net profit for 2020
Cityscape’s Chris Speller reveals the trends shaping Dubai’s property market and plans for the emirate’s biggest property exhibition
The offer values the Egyptian property developer at about $420m
The simple, fundamental principle of investing dictates that you should buy low and sell high
Stations at Jebel Ali, Al Furjan, Discovery Gardens and The Gardens will start operating from New Year’s Day
The impact of Covid-19 and a likely reduction in the UAE population will hamper the revival
Meydan’s two main lines of business – real estate and horse-racing – will remain separate
The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties
Home prices in Dubai have slumped by more than 30 per cent since 2014
Naaman Atallah, the former CEO of Piramal Realty in India, has been appointed to the role
The company said its board will also discuss the acquisition of other investment real estate assets in the UAE
Mubadala may also dispose of some residential buildings in the United Arab Emirates’ capital
The Dubai residential market is expected to bottom out soon, states study
Matthew Gregory, head of property sales at dubizzle Property, looks ahead to 2021 and the impact of Expo 2020 on Dubai’s property market
Prices are expected to drop next year on the back of growing residential supply
Rents and sales prices continued to decline in the first half of the year
The Real Estate Self Transaction portal will allow landlords to sell and manage their properties online
The group is expected to be streamlined with staff cuts and unit sales planned
Tighter government regulations and an increasing mismatch between buyer and seller expectations have tempered growth in the residential market.
Adam Price, managing director of Select Property Middle East, explains why savvy investors from the Gulf should take advantage of the British student property market.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.