Damac awards Dh424 million villa contract to Arabtec

Damac awards Dh424 million villa contract to Arabtec

Damac Properties has awarded another construction contract worth Dh424 million to Arabtec to build additional villas in Akoya Oxygen. EFECO…

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Dubai developers reach out to cryptocurrency investors

Dubai developers reach out to cryptocurrency investors

A handful of developers and landlords in Dubai are going down the cryptocurrency route in accepting Bitcoins as a mode…

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New areas get popular among Abu Dhabi residents

New areas get popular among Abu Dhabi residents

Madinat Zayed was the most popular area among Abu Dhabi residents in 2017, according to ServiceMarket, a marketplace for moving…

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Indians invest Dh83.65 billion in Dubai property in 5 years

Indians invest Dh83.65 billion in Dubai property in 5 years

Indian nationals, who form the largest foreign investor group in Dubai's real estate, bought properties worth Dh83.65 billion in the…

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Emaar unveils townhouses in Emaar South

Emaar unveils townhouses in Emaar South

Emaar Development has unveiled Saffron, the first townhouse community in Emaar South. A joint venture with Dubai South, Emaar South…

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All you need to know about a property's market value

All you need to know about a property's market value

The value of an asset is determined by the price a buyer is willing to pay and a seller is…

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New retail project in Sharjah

New retail project in Sharjah

The Sharjah Investment and Development Authority (Shurooq) has unveiled a new partnership with Kuwaiti developer Mabanee to develop a real…

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Average sales prices for Abu Dhabi flats decrease in Q4

Average sales prices for Abu Dhabi flats decrease in Q4

Off-plan sales are driving the Abu Dhabi housing market, according to Chestertons Mena.

In the fourth quarter of 2017, off-plan sales…

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New TV show to promote UAE realty

New TV show to promote UAE realty

The Dubai Land Department (DLD) and MBC Group have announced the launch of a TV programme titled 'Mohemma Akaria' (Real…

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Post-handover payment plans to speed up project deliveries in 2018

Post-handover payment plans to speed up project deliveries in 2018

There is likely to be a surge in property deliveries over the next few years as construction-linked, post-completion payment plans…

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Emaar Properties makes $1.8B profit in 2017

Emaar Properties makes $1.8B profit in 2017

One of Dubai's real estate brokerages has announced that it will absorb the newly implemented 5 per cent VAT on…

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Dubai broker to absorb VAT on commissions

Dubai broker to absorb VAT on commissions

One of Dubai's real estate brokerages has announced that it will absorb the newly implemented 5 per cent VAT on…

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Lower rents bring relief for UAE residents

Lower rents bring relief for UAE residents

Look at the larger picture. VAT may have curbed household spending, but rents are down and so is the cost…

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Impact of VAT levy minimal on Dubai real estate

Impact of VAT levy minimal on Dubai real estate

As from January 1. 2018, the UAE is seeing value-added tax (VAT) levied on property transactions across the emirates, including…

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Dubai's population growth will redress perceived supply imbalance

Dubai's population growth will redress perceived supply imbalance

There has been a lot of talk around the office this week about new off-plan launches. We have seen the…

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Emerging communities offer Dubai's best rental yields

Emerging communities offer Dubai's best rental yields

Despite the continued decline in property sales prices across most Dubai communities, rental yields are still attractive for investors.

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Small is Beautiful

Small is Beautiful

Developers in Dubai are adopting a new strategy to capture an untapped market share. They are increasingly offering smaller unit…

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Abu Dhabi house rents to decline more in 2018

Abu Dhabi house rents to decline more in 2018

Residential rents and sales prices in Abu Dhabi are expected to see further moderate declines in 2018 owing to the…

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Developer launches waterfront apartments

Developer launches waterfront apartments

Damac Properties has announced the launch of a luxury development in Business Bay, Reva Residences, offering one and two-bedroom apartments…

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Why Damac chief is optimistic about Dubai

Why Damac chief is optimistic about Dubai

Hussain Sajwani, founder and chairman of Damac Properties, expressed optimism and ruled out an oversupply scenario in the Dubai property…

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Private developers dominate ready housing market in Dubai

Private developers dominate ready housing market in Dubai

As the Dubai housing market continues to grow, options for investors and end-users to choose from proliferate. Currently, there are…

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First phase of Dubai building classification complete

First phase of Dubai building classification complete

The Dubai Land Department (DLD) recently announced the completion of the first phase of its building classification project, which was…

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Developer lets location, pricing do the talking

Developer lets location, pricing do the talking

At a time when developers are vying with each other to offer unique incentives to attract buyers, one company is…

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Apartment-villa price gap narrows in Dubai

Apartment-villa price gap narrows in Dubai

The gap between apartment and villa/townhouse prices is narrowing in Dubai, says consultancy Cavendish Maxwell.

The first quarter of…

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Surge in supply to benefit Dubai tenants, buyers in 2018

Surge in supply to benefit Dubai tenants, buyers in 2018

With 23,000 apartments and 8,500 villas scheduled for handover in Dubai in 2018, significantly more than the supply in 2017,…

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Dubai property absorbs Dh285 billion in 2017

Dubai property absorbs Dh285 billion in 2017

The rise in transactional volumes and value was owing to the boom in demand for off-plan properties.

Dubai registered 69,000 real…

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Affordable housing set to pick up pace in 2018

Affordable housing set to pick up pace in 2018

Population growth and employment opportunities are the twin drivers of growth in this market segment

Dubai is often hailed as the…

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UAE ranked 4th globally in terms of skyscrapers

UAE ranked 4th globally in terms of skyscrapers

Three of the world's five tallest towers built in 2017 are here in Dubai

Known for its skyscrapers and great architecture,…

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Real estate is all about location, location, reputation

Real estate is all about location, location, reputation

A sustainable business model with healthy cash flow, backed up with credibility and commitment to customer happiness, will be the…

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Sharjah developer gets Dh1 billion financing

Sharjah developer gets Dh1 billion financing

Arada secures a syndicated loan from two UAE banks

Sharjah developer Arada announced on Thursday that it has secured a syndicated…

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Danube adjusts project launch to test VAT waters

Danube adjusts project launch to test VAT waters

Developer will launch affordable apartments in Arjan in Q1 of 2018

Danube Properties is waiting to gauge the initial impact of…

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Abu Dhabi building completions up 3.6% in Q3

Abu Dhabi building completions up 3.6% in Q3

A total of 1,104 buildings were completed in the emirate of Abu Dhabi

A total of 1,104 buildings were completed in…

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Law amended to protect property buyers, developers

Law amended to protect property buyers, developers

It specifies procedures that will be applied in cases of breaches of sale contracts by the buyer

His Highness Sheikh Mohammed…

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Aldar posts Dh1.86b profit in 9 months

Aldar posts Dh1.86b profit in 9 months

The revenue rose to Dh1.38 billion during July-August quarter while gross profit reached at Dh588 million

Aldar Properties on Monday said…

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Emaar's 9-month profit soars 20% to Dh4.35b on sustained demand

Emaar's 9-month profit soars 20% to Dh4.35b on sustained demand

Emaar's 9-month profit soars 20% to Dh4.35b on sustained demand

Emaar Properties announced on Sunday a 20 per cent jump in…

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Emaar looks to raise Dh5.5 billion from unit IPO

Emaar looks to raise Dh5.5 billion from unit IPO

Company announces price range of the IPO

Emaar Properties aims to raise up to Dh5.5 billion ($1.5 billion) by selling 20…

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Abu Dhabi's affordable areas see influx of tenants

Abu Dhabi's affordable areas see influx of tenants

Prime areas such as Saadiyat and Reem Islands see huge rent declines.

Tenants in Abu Dhabi are seeing a decrease in…

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Foreigners pump in Dh43 billion into Dubai realty in nine months

Foreigners pump in Dh43 billion into Dubai realty in nine months

Women investors buy properties worth Dh21 billion in first three quarters

Foreign investors accounted for the bulk of real estate investments…

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Dubai Off-Plan Sales Up 118% at Dh4B

Dubai Off-Plan Sales Up 118% at Dh4B

The total number of off-plan transactions in Dubai during the third quarter of 2017 has increased by 86 per cent…

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Coming up: Dh25 billion mega project in heart of Dubai

Coming up: Dh25 billion mega project in heart of Dubai

Azizi Developments has announced plans to launch a mega community in the heart of Dubai.

The project, whose name…

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ENBD Reit deploys $105 million from Nasdaq Dubai listing

ENBD Reit deploys $105 million from Nasdaq Dubai listing

ENBD Reit, the Shariah-compliant real estate investment trust managed by Emirates NBD Asset Management, has successfully completed deployment of the…

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Stop renting and start owning’ trend on the rise in Dubai: Danube

Stop renting and start owning’ trend on the rise in Dubai: Danube

Demand for affordable housing, particularly in the one to two-bedroom categories, is fast growing in Dubai where freehold property prices…

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Aerospace supply chain facility ready in Dubai South

Aerospace supply chain facility ready in Dubai South

Dubai South has completed the first phase of its Aerospace Supply Chain Facility at Aviation City.

The first phase of the…

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New Dubai landmarks on the horizon

New Dubai landmarks on the horizon

The construction sector stands front and center in Dubai’s long-term growth plan. With significant investments already announced, the emirate remains…

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