News
Selected News
Steel Prices drops in Abu Dhabi
15-02-2010 - Steel and concrete prices plunged last year in Abu AED abi due to economic slowdown, a report said
on Saturday.
The steel prices plummeted 43.9 % while concrete rates declined 13.5 % in the emirate in 2009, according to a report issued by Statistics Centre Abu AED abi, or SCAD, part of Department of Economic Development Abu AED abi.
The steel and its products were the worst affected in the construction material that saw a decline of 12-43.9 %, the report said. “Steel price plummeted 43.9 % below their 2008 level,” it said. High tensile steel registered the largest drop 50.7 % in the steel group, reflecting a decline in the average price per tonne of high tensile steel from Qatar, UAE and Turkey by 50.2 to 51.3 % from AED 4,080 per tonne in 2008 to AED 2,130 per tonne in 2009, it said.
The price of flat steel dropped afterwards by 50.2 %, mirroring the decline in the average price of flat steel from UAE and Turkey by 52.5 % and 47.9 %, respectively.
According to SCAD, the price of steel bars shrank by 47.8 % from AED 4,000 per tonne in 2008 to AED 1,970 per tonne in 2009.
Likewise, the price of the price angled steel dropped 46.7 % below the average for 2008, due to the fall in the price per tonne of angled steel from Turkey, Ukraine and Korea by 52.4 %, 46.4 % and 47.9 %, respectively.
Beam steel was no exception, its average price having retreated 34.4, owing to the decline in the price of large beam steel from Japan by 38.8 %, while Ukrainian and Korean steel went down by 37.6 and 26.9 %, respectively.
RBC mesh prices plunged 38.6 %, while binding wire was the item that showed the slightest decrease of 12 % within the steel group.
Cement
There was a decline of 6.6 % in the cement group against its level in the year 2008, during which cement price exhibited a 19.8 % rise compared to 2007, the report said.
The cement group that exhibited a strong upward trend, reaching a peak in third quarter of 2008, but declined subsequently, reflecting the onset of the financial crisis. Cement prices had since been retreating until fourth quarter of 2009.
The average prices of the various types of cement blocks, showing drop of 36.1 % in the price of this item during 2009, compared to 2008. Cement blocks prices surged of 17.3 % in 2008 against their levels back
in 2007. Concrete
The average price of concrete for the period 2007 – 2009, revealing an advance in the price that continued up to third quarter of 2008, when the trend reversed and the price eventually bounced back to its initial level in 2007.
The average price of concrete declined by 13.5 % in 2009 compared to 2008, following a steep rise of 61.4 % in 2008 above its average price for 2007.
A rise of 6.7 % in the average price of aggregate and sand in 2009 was reported. To draw a comparison, the average price grew 43.6 % in 2008 versus 2007.
The rise observed in 2009 was driven by the sharp increase in the prices of all types and sizes of aggregate, from AED 34.6 % in 2007 to AED 68.8 in 2009, which marks an increase of 98.9 %.
Other News
12-02-2012 -
Commercial properties in Dubai will just continue to stabilize but will be outperformed by residential properties within this year 2012 because of the fact that there was an impressive performance of residential sect ...More...
12-02-2012 -
As liable of Dubai's Real Estate industry, the Dubai Land Department (DLD) has released the latest data for the status of property transactions during the last quarter of the previous year, in which it reported t ...More...
12-02-2012 -
Al Mazaya Holding, a Real Estate Development Company, has been one of those firms experiencing slowdown in construction industry due to global economic crisis that began in mid-2008.
Within four years, the ...More...
Within four years, the ...More...
10-02-2012 -
Nakheel, currently-owned by Dubai Government after successfully issued the First Tranche of its Islamic Bond, is gradually recovering due to being financially supported by the latter itself. In fact, the leasing for ...More...
10-02-2012 -
The second month of the year has just begun, on which there was one positive news that came out concerning with the delivery of new apartments in Dubai's real estate market, including the so-called 'Jewel of ...More...
09-02-2012 -
As 2011 was considered a year of gradual recovery of Dubai's economy, Deyaar Development, a second largest developer by market value in the UAE, has experienced a small profit in that year itself; but it is quite ...More...
09-02-2012 -
Dubai's reputation as a 'safe haven for investments' has been its big asset since the pre-crisis years. As a matter of fact, it has become among the most expensive cities not only in the Middle East and N ...More...
09-02-2012 -
Since the onset of economic crisis, Dubai's property industry has been affected that resulted constant declines in value of every property. However, when 2011 began, there were already a number of positive signs ...More...
03-02-2012 -
As 2011 was considered a positive year for Dubai's Real Estate market, a number of stalled projects have been recommenced so far. Then some of the developers have started to recover financially, including the Dey ...More...
03-02-2012 -
In Dubailand, there is one innovative large-scale and Moorish-style residential development project. It is the Remraam Community that was supposedly scheduled to be completed in 2010. However, due to economic crisis ...More...
03-02-2012 -
In June 2010, the UAE Federal Government has issued a new law concerning with the Residency Visa which is exclusively for Real Estate investors in Dubai. It was just implemented because of the reason to restore the c ...More...
03-02-2012 -
The Dubai Land Department (DLD) has introduced its new Tanmia Scheme, an initiative established just for the sake of foreign property investors' protection. It was indeed launched three months before the previous ...More...
03-02-2012 -
Nakheel, currently-owned by Dubai Government, has a number of development projects in the Emirate that led it to popularity, especially during the pre-crisis years; and it has been well-known for its being a develope ...More...
27-01-2012 -
Jones LangSalle, as a property Global Consultancy, he reported that there will be a so-called 'broader recovery' in terms of property prices and rentals next year than this year. Indeed, according to the comp ...More...
27-01-2012 -
In every first month of the year, the Council on Tall Buildings and Urban Habitat (CTBUH), an international body in the field of tall buildings and sustainable urban design and at the same time a not-profit organizat ...More...
27-01-2012 -
As residents of Nakheel's Shoreline Apartments on Palm Jumeirah, they don't have any alternatives to do but rather to pay their outstanding balance to the First Party in order for them to fully access all the ...More...
25-01-2012 -
In general, 2011 is in which Dubai's Real Estate market has gradually stabilized or has shown a number of positive signs of recovery. As such, some of the property developers in the Emirate have started to recomm ...More...
25-01-2012 -
It has become a controversial issue when Nakheel, a master developer of the artificial archipelago in Dubai, Palm Jumeirah, unveiled its decision to charge membership fees to those residents of its Shoreline Apartmen ...More...
25-01-2012 -
Based on the report, the Assetz, a company providing diversified and innovative brand Communication & Experimental Marketing Solutions to its clients, noted that the Emirate's construction and property market ...More...
25-01-2012 -
A few weeks ago, the management of Nakheel Properties, recently-owned by Dubai Government, announced that it was going to have a commercial initiative which is to let all the interested expatriates or tourists explor ...More...
14-01-2012 -
When the controversial issue regarding with the chiller charges came out in 2010, most of the developers in Dubai started to increase the said charges. One of them is the newly-owned by the Government, which is Nakhe ...More...
13-01-2012 -
If compared to 2010's sales transactions worth of AED123 billion, the result for last year was bigger that almost reached around AED143 billion in total, in which 60 per cent of sales activity for residential pro ...More...
13-01-2012 -
2011 was truly a year of gradual recovery of Dubai's property market in particular, for it is in which a lot of positive signs were shown that commenced from first quarter until the last quarter of the year, espe ...More...
13-01-2012 -
In August 2011, Nakheel Properties, a newly-owned by Dubai Government, was reportedly in negotiation with a number of tour agencies operating within the Emirate to encourage them to be part of its initiative to offer ...More...
13-01-2012 -
As 2012 began, all the tenants in Dubai are obliged to pay the chiller charges that worried some of them due to the fact that even if their units are not in use at all. So a number of property developers together wit ...More...
13-01-2012 -
The World project of Nakheel, in the first place, has become controversial since the latter was affected by financial or credit crunch crisis a few years back. As a consequence, the company was led to decision to mak ...More...
13-01-2012 -
Among the top community development projects in Dubai are the following: Palm Jumeirah, Dubai Marina (JBR), Downtown Dubai, Arabian Ranches, and Green Community. Actually they have been in demand in spite of the fina ...More...
05-01-2012 -
During the boom period of Real Estate market in Dubai, the commercial properties have also become in demand for several high-profile corporate tenants, especially those units located along the famous Sheikh Zayed Roa ...More...
05-01-2012 -
Dubai Maritime City (DMC), a Multipurpose Maritime Zone, has been expected to fully operate within this year 2012. However, due to economic slowdown, the construction works of the project have been delayed since 2008 ...More...
05-01-2012 -
Since the economic crisis began in Dubai, the delays for both infrastructure and electrical hook-ups have become controversial issues that ruined the investors' confidence in the Emirate's property market, in ...More...
24-12-2011 -
Some Real Estate analysts predicted that 2012 will be a year for Dubai's total recovery, while others said that it would be just the same with the current year. However, if compared to previous three years, 2011 ...More...
24-12-2011 -
Yesterday, Meraas Development, a Real Estate Development Company with an innovative approach to suitable urban planning, architecture, and design, unveiled its decision to build at least a movie theme park worth of A ...More...
23-12-2011 -
The Emirate of Dubai, if compared to other emerging cities, is still considered as one of the favorite destinations of investors due to its affordable living nowadays. However, three years back, it was listed as one ...More...
23-12-2011 -
In December 2008, Triveni Builders & Promoters, a Dubai-based developer and a wholly-owned company of Triveni Trading Group, has started the ground-breaking of its La Fontana de Trevi project comprising of 122 co ...More...
23-12-2011 -
Most of the property developers in Dubai have been experiencing financial issues, including the Emaar Properties PJSC, a builder of the tallest tower in the world, Burj Khalifa. It has been also trying to solve those ...More...
22-12-2011 -
Preventing residents of Palm's Shoreline Apartments from accessing all the facilities, unless they fully pay the service charges to be collected by Nakheel Properties, a master developer of the said development, ...More...
22-12-2011 -
2011 is indeed a year in which Dubai's economy has slowly commenced to stabilize. In fact, 12 days from now, the current year will end and another year will come. As New Year is now approaching, there is a proper ...More...
22-12-2011 -
As being a regulatory arm of Dubai Land Department (DLD), the Real Estate Regulatory Agency (RERA) has recently warned a total of 23 Real Estate Brokerage Companies operating in the Emirate because of not following i ...More...
21-12-2011 -
Last week, Dewan Architects & Engineers, one of the region's leading Architectural & Engineering Consultancy Services Companies, received a contract for both the design and supervision of the retail devel ...More...
21-12-2011 -
Indeed, when 2011 began, a lot of positive signs have emerged, if just related to Dubai's Real Estate market, including the increasing number of investors purchasing both freehold and non-freehold properties and ...More...
21-12-2011 -
After years of facing the challenges brought by financial crisis that commenced in mid-2008, the Government of Dubai has continually made any initiatives so as to recover economically, such as the so-called 'Tays ...More...
18-12-2011 -
Indeed, Hospitality Industry has been the first one among the industries in Dubai particularly that commenced to recover from the impacts of economic crisis; for it has still attracted a lot of leisure and business t ...More...
18-12-2011 -
Nakheel is now gradually on the track to pay all of its debts while being under the Government of Dubai. Actually it has already paid its trade creditors a total amount of AED7.3 billion so far, which is just part of ...More...
18-12-2011 -
In 2007, Strata Law was indeed decreed by the Government of Dubai that entitled every Owners Association (OA) to oversee both the building's maintenance-budgets and contracts of their properties, which must be re ...More...
17-12-2011 -
In August 2011, Nakheel has successfully completed its debt-restructuring proposal and concurrently issued its first tranche under the Islamic Bond worth of AED4.8 million to its trade creditors. It was also a time i ...More...
17-12-2011 -
Every property developer in Dubai is actually required to have at least the so-called 'Owners Association' to be registered in Real Estate Regulatory Authority (RERA), which will be responsible for the manage ...More...
17-12-2011 -
As few days left before the year 2011 ends, Dubai Land Department ( DLD ) has recently launched its new 'Online Appointment System' to be used in order to have a faster transaction for registering a property ...More...
14-12-2011 -
Selling a repossessed property in auction is actually considered as a new concept in the UAE. It has just happened when Dubai's Real Estate market in particular was hit badly by the so-called 'world economic ...More...
14-12-2011 -
With regards to responsibilities of managing buildings, collecting unfair service charges from the property owners or Owners Association (OA) has been an issue complained by the latter to the First Party. It has beco ...More...
11-12-2011 -
As a 'safe haven for investment', the Emirate of Dubai has been one of the favorite destinations for property investors and companies, especially during the political unrest that happened throughout the Middl ...More...
11-12-2011 -
As a builder of Palm Jumeirah, Nakheel has asked all the development's tenants to submit their paperwork in order to legally have an access to every building's pool and beach facilities as well as it would ch ...More...
10-12-2011 -
Among the property developers in the UAE, Emaar Properties, a biggest developer by market value and the builder of the prestigious tallest tower in the world, Burj Khalifa, has never tried to restructure some of its ...More...
09-12-2011 -
After the successful completion of restructuring agreement in August 2011, Nakheel has gradually recovered financially. In fact, it has already paid some of its contractors regularly since then.
Then, as ...More...
Then, as ...More...
09-12-2011 -
Four months ago, Nakheel, a previous property unit of Dubai World, has issued the so-called 'First Tranche' of AED3.8 billion. It was actually after completing its restructuring proposal worth of billions of ...More...
03-12-2011 -
Among the GCC States included in the Mercer report that ranked top 220 cities around the world are listed in the following order: Dubai, Abu Dhabi, Muscat, Doha, Bahrain, Kuwait, and Kingdom of Saudi Arabia. They are ...More...
03-12-2011 -
When political unrest started in the Middle East region, the Emirate of Dubai in particular has benefited because of its being a 'safe haven for investments'. For this reason, most of the investors and compan ...More...
03-12-2011 -
All property tenants in Dubai are being obligated to renew their 'Tenancy Contracts' every year, in which they need to pay for such transaction to involved Realty Agents in particular. Anyway, it is just in a ...More...
02-12-2011 -
Dubai's Real Estate market has just started to grow when the Government in particular issued a Decree concerning with the so-called 'Freehold Ownership Rights' by which the foreigners have been granted to ...More...
02-12-2011 -
With disputes in relation to service charges in Dubai's property market, the two-involved parties which are both the developer or landlord and tenant have been in continuous misunderstanding because of such unfai ...More...
01-12-2011 -
Only a few companies in Dubai have survived financially after the onset of the so-called 'global economic crisis' that deeply affected the Emirate's economy in particular. One of them is actually the Drak ...More...
01-12-2011 -
A few days ago, the Big 5 Show was held at Dubai World Trade Centre that featured more than 2, 500 exhibitors from 75 countries. Actually it has been the largest construction sector event in the region that focused o ...More...
01-12-2011 -
In Dubai, there are more than 30 Free Zones in which thousands of companies are now operating within those areas. Actually the number has been expanded since the Emirate was starting to grow economically. In the firs ...More...
30-11-2011 -
A number of property investors in Dubai have purchased units in the world's tallest tower, Burj Khalifa, before the economic or credit crunch crisis started; or rather they have already bought apartments while th ...More...
30-11-2011 -
On November 23, 2011, Nakheel, a master developer of Dubai Waterfront which is one of its iconic mega projects in the Emirate, has invited those interested tenders for the supply and installation of three air cooling ...More...
30-11-2011 -
On Palm Jumeirah's master plan, there are supposedly a number of hotels planned to be constructed. However, some of them have been either delayed or cancelled due to economic crisis that began in mid-2008. One of ...More...
30-11-2011 -
During Ramadan 2011 in the UAE, most of the expatriates were returning to their respective native lands where they wanted to spend their holidays instead of staying in this Arab country. In fact, among the events in ...More...
29-11-2011 -
As two Muftis of the Emirate said four days ago that the Islamic Bank was violating the law implemented by Dubai Land Department (DLD), for it has been demanding its clients to fully pay the two per cent registration ...More...
27-11-2011 -
In 2007, Jumeirah Beach Residence, a project developed by Dubai Properties that has a total of 36 residential towers facing at least 1.7 kilometers of beach and features a number of luxury hotels, popular restaurants ...More...
27-11-2011 -
Aside from 5 per cent housing fee which is mandatory for all property investors, in a sense that they need to pay such percentage of the property's total rental price under the average of RERA rental index, there ...More...
27-11-2011 -
After separating from its parent-company, Nakheel is now trying to prove itself that it can still face the challenges of financial crisis by just being in tandem with the Government of Dubai. Actually the latter curr ...More...
26-11-2011 -
2011 is quite considered a year of improvement as Dubai's struggling economy is starting to stabilize, for there have been already a number of positive signs of recovery shown particularly during the first three ...More...
26-11-2011 -
Public Auction, in the first place, is being held on behalf of the government in which the property to be auctioned is either a property owned by the government itself, or a property which is sold under the authority ...More...
26-11-2011 -
A few weeks ago, Nakheel Properties, a property developer currently-owned by Dubai Government, announced that it would let its Palm Jumeirah's shoreline residents pay additional charges for private beach access i ...More...
26-11-2011 -
BR Shetty is quite one of the multimillionaire entrepreneurs in Dubai who has a number of property assets in the tallest tower in the world, Burj Khalifa. Actually he purchased the latter's two floors worth of AE ...More...
20-11-2011 -
As hospitality industry has been the first sector that has recovered from the tyranny of the global economic crisis that began in mid-2008, a large number of hotel property management firms have been consequently exp ...More...
20-11-2011 -
In general, Dubai's property market has already recovered but not totally yet; for it is still experiencing property declines in some areas of the Emirate, in which the property buyers are quite not attracted to ...More...
20-11-2011 -
In the first place, when the economic crisis started to hit Dubai's property market, both service and additional charges have actually become among the reasons of dispute between the two parties including homeown ...More...
19-11-2011 -
In September 2011, Dubai Land Department ( DLD ) has launched its another initiative that will also help boost the transparency and credibility of those property management companies operating within the Emirate.
...More...
...More...
19-11-2011 -
In Business Bay, there is a property developer that launched its serviced-offices as part of the company's marketing strategies. It is the Reef Real Estate Investment LLC that started to operate in 2004 with vari ...More...
19-11-2011 -
As a Chairman of Emaar Properties which is a Public Joint Stock Company listed on Dubai Finance Market ( DFM ), Mohamed Al Abbar optimistically said that the Emirate's real estate market will totally recover afte ...More...
18-11-2011 -
Amidst the credit crunch crisis, Drake & Scull International ( DSI ), an integrated end-to-end service provider in the field of both electrical and mechanical engineering works and also providing complete solutio ...More...
18-11-2011 -
One of Nakheel's prioritized projects in Dubai is now on the track to be completed by next year. It is the Jumeirah Golf Estate, a luxury golf residential community development with a total built-up area of 1119 ...More...
18-11-2011 -
A month ago, all the property developers in Dubai were told to follow the new law called as 'The Code for Corporate Governance', by which all the real estate companies need to unveil at least their recourse a ...More...
18-11-2011 -
As part of Dubai Government's goals to rebound and improve the real estate industry within the Emirate, Trakhees which is a new organization under Ports, Customs, and Free Zone Corporation that has an authority t ...More...
18-10-2011 -
As the Real Estate market in Dubai is now starting to stabilize, there is an issue regarding with how much the investor should spend on purchasing a property.
According to a property analyst, he said that ...More...
According to a property analyst, he said that ...More...
18-10-2011 -
Before the newly-introduced 'Code for Corporate Governance' was launched a week ago, the Dubai Land Department (DLD) has primarily planned to protect the property investors in Dubai by implementing the so-cal ...More...
18-10-2011 -
Tamweel, one of the leading Mortgage Providers in the UAE, has recently launched its new scheme called as 'Home Finance Plus' which is considered as an integrated home finance program that basically provides ...More...
18-10-2011 -
As part of global expansion plan, Arabtec Holding, the largest Construction Company in the UAE, has a total of AED15 billion of backlog projects in all of its markets such as establishing, managing, acquiring, and ow ...More...
17-10-2011 -
When the newly-introduced 'Governance Charter' by Dubai Land Department (DLD), all the involved property developers and master developers are obliged to follow what the aforementioned charter is all about; fo ...More...
17-10-2011 -
In the midst of economic crisis, the Emirate of Dubai has been still recognized as the City in which there are a lot of stunning properties that led it to popularity. As a consequence, it received the following world ...More...
17-10-2011 -
As renowned developer of the iconic Burj Al Arab Hotel in Dubai, Al Habtoor Group, one of the respected & successful businesses in the UAE, is now in decision to pursue its stalled project in the Emirate regardle ...More...
17-10-2011 -
Yesterday, the Land Department of Dubai launched the so-called 'Draft Code of Governance', a ninth initiative of DLD for property development companies. It has the following specific objectives: to encourage ...More...
17-10-2011 -
When the issue regarding with the increasing number of individuals falling from high-rise buildings totally alarmed the two emirates of the UAE, such as Dubai and Sharjah, their respective municipalities didn't a ...More...
17-10-2011 -
According to Hussein Sejwani, Head of Damac Properties which is one of the largest independent real estate developers in the UAE, he said that within three years from now, there will be a number of positive investmen ...More...
17-10-2011 -
As Dubai Land Department (DLD) has recently launched the new governance-charter draft, it is now expecting to surpass its total sales transactions in 2010. However, it was supposedly to reach at least AED100 billion ...More...
16-10-2011 -
After the Dubai Land Department (DLD) launched its Tayseer Program in June 2010, which is basically to boost the investment in stalled projects, it once again launched a new one called as a 'Tanmia' a month a ...More...
16-10-2011 -
Limitless, officially-separated from state-owned Dubai World, has received a number of extensions for its $1.2 billion Islamic loan that originally matured in March 2010. However, it got the following optional extens ...More...
16-10-2011 -
In Q3 2011, there was no decline seen in Dubai's Central Business District (CBD) in terms of commercial rents, compared to the previous quarter. As part of CBD, the average rents in those properties located along ...More...
16-10-2011 -
As the World project of Nakheel, wholly-owned by Dubai Government, has been affected by financial crisis that most of its islands buyers failed to begin the development of their respective proposed projects, there a ...More...
16-10-2011 -
As part of the Gulf Cooperation Council (GCC), a political and economic union of the Arab States of the Gulf, including Bahrain, Kuwait, Qatar, and Saudi Arabia, Dubai is one of the seven emirates that completed the ...More...
16-10-2011 -
As Real Estate industry has become the fastest-growing sector in Dubai, a lot of foreign investors in particular flocked and invested in the Emirate. They have purchased either land plots or apartments. It was actual ...More...
16-10-2011 -
Most of the market sectors in Dubai were quite affected when the financial crisis began in mid-2008. One of them was the Emirate's property market in particular that has experienced uncontrollable impacts since t ...More...
03-10-2011 -
Dubai Properties Group (DPG), a member of Dubai Holding wholly-owned by the Ruler of Dubai himself, is currently in renegotiation with the four projects in Dubailand which is a stalled mega project backed up by the l ...More...
03-10-2011 -
After three years of being in the wake of financial crisis, Dubai's property market is now showing recovery to some extent, such as in terms of values for villa properties which are located in the Emirate's p ...More...
03-10-2011 -
Meraas Holding, a Dubai-based Real Estate Investment Company with a number of operations and assets in the UAE, has announced that it is going to begin the construction of its Phoenix Mart Mall project which will be ...More...
03-10-2011 -
Meraas Holding, a Dubai-based Real Estate Investment Company with a number of operations and assets in the UAE, has announced that it is going to begin the construction of its Phoenix Mart Mall project which will be ...More...
02-10-2011 -
As part of Dubai Government's initiatives to maintain the reputation of the Emirate not only in the regional but also in global markets, the Dubai Municipality itself has recently presented its the so-called ' ...More...
30-09-2011 -
According to Cluttons, a Real Estate Specialist operated in the Middle East since 1976, it reported that Dubai would be sellers' and tenants' market two years from now, providing that the property prices cont ...More...
29-09-2011 -
Damac Properties, a largest private Real Estate & Freehold Property Developer, is merely among the developers that completed at least 21 buildings comprising of more than 4,000 units on year-to-date basis; but it ...More...
29-09-2011 -
Three days ago, the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, approved the new three initiatives presented by Dubai Economic Development (DED), a government's business licensing arm established in199 ...More...
29-09-2011 -
As Nakheel has launched its new proposed-project comprising of 102 beachfront townhouses, which is 'The Palm Residence' located on the trunk itself of the man-made islands, Palm Jumeirah, it is now in need to ...More...
29-09-2011 -
Since the housing fee was introduced to the public, the rate of 5 per cent has never changed at all. In fact, according to Hussein Nasser Lootah, Director General of Dubai Municipality, he said that the government ha ...More...
28-09-2011 -
Yesterday Jones Lang LaSalle, a Property Services Company, reported that Dubai's commercial vacancy rates averaged around 44 per cent as millions of square feet of office space are about to enter in the market. < ...More...
28-09-2011 -
In general, most of the villas developed by Nakheel which is now wholly-owned by Dubai Government have been completed, sold, and handed over to its investors so far, including its luxury villa located on Palm Jumeira ...More...
28-09-2011 -
In 2009, after a year of the sudden onset of the global economic crisis, Nakheel, a former property arm of Dubai World and recently-owned by Dubai Government, remains optimistic that it will consecutively witness gro ...More...
27-09-2011 -
On October 9-13, 2011, the GITEX Technology Week which is an annual consumer-computer and electronic trade show will be held at Dubai International Convention & Exhibition Centre (DICEC). Some of the hotels in Du ...More...
27-09-2011 -
In comparison, Dubai's villa prices increased around 5 per cent in the third quarter of this year 2011; while the prices for residential and commercial units in some areas of the Emirate continued to decline but ...More...
27-09-2011 -
Among the awardees during the 4th 2011 Middle East Architect Awards were George Efstathiou from SOM Architects as 'Architect of the Year' and Obada Adra from Atkins, a Multi Engineering & Design Consultan ...More...
26-09-2011 -
There is merely one day left before the long-awaited annual event for Property Show named as 'Cityscape Global 2011' which will be held at Dubai International Convention & Exhibition Centre (DICEC) begins ...More...
26-09-2011 -
Infinity Tower, an iconic property project of Cayan Investment & Development and designed by SOM Architects, is expected to be completed in the middle of 2012 due to issues regarding with installment and liquidit ...More...
26-09-2011 -
As Nakheel is considered as one of the reasons behind the so-called 'credit crunch crisis' that happened in Dubai, it has overcome the impacts of that crisis to some extent. In fact, a month ago, it successfu ...More...
25-09-2011 -
Based on the report conducted by REIDIN, a leading properly information company in the world, it has unveiled a positive monthly result from the month of July to August 2011; for the realty prices in Dubai have incre ...More...
25-09-2011 -
As the local property market is now stabilizing, both the Deyaar Development, one of the premium Real Estate Companies in the Middle East region, and Tamweel, a Home Finance Firm majority-owned by Dubai Islamic Bank, ...More...
25-09-2011 -
As the Law No.13 of 2011 was issued by the Ruler of Dubai a few days ago, some analysts said that it would help boost the Emirate's economic growth. In other words, most of them agreed with the said law that it w ...More...
24-09-2011 -
Both Downtown Dubai and Dubai Marina are quite considered most attractive destinations for investors in the wake of global financial crisis because of the fact that there are a number of high-end, mid-range towers wi ...More...
23-09-2011 -
ACW Holdings, a leading property developer specializing in high-investment opportunities in the UAE and found in 2002, has chosen VH Residence, part of MyStayGroup and appointed as a premier provider of exclusive sho ...More...
22-09-2011 -
As Cityscape Global 2011 is approaching, a large number of participants are expected either to showcase their respective property projects or purchase some properties. Actually one of them will also be the Deyaar Dev ...More...
22-09-2011 -
The Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, has recently issued a new law with an aim to regulate the economic activities of the Emirate; or rather to make Dubai more attractive for establishing busine ...More...
22-09-2011 -
Cityscape Global 2011, an international event for real estate, investment, and development, will be held from the 27th until 29th day of September 2011 at Dubai International Convention and Exhibition Centre (DICEC) ...More...
21-09-2011 -
Nakheel, a master developer of some iconic realty projects in Dubai, is about to enter into a new chapter of perseverance in order to let the world know that it is now on the track of recovery after all.
I ...More...
I ...More...
21-09-2011 -
After successfully issued the first Islamic Bond, Nakheel, currently-owned by Dubai Government, showed its strong determination to pursue what it has already started, such as by sending around 25,000 workers to const ...More...
21-09-2011 -
As Emaar Properties, one of the world's largest Real Estate Companies, experienced big drops for its revenues or net profit in the second quarter of the year. For this reason, it is planning to sell some of its a ...More...
21-09-2011 -
Appointing someone to higher position cannot be initiated unless the existing holder of the position is evicted or voluntarily resigns. In like manner, in Arabtec Holding, a largest property builder by market value i ...More...
20-09-2011 -
When 2008 started, a year of booming market in Dubai and at the same time unforgettable year because of the onset of the so-called 'world economic crisis', it was the time that let all the companies fall down ...More...
20-09-2011 -
On September 14, 2011, the 4th Middle East Architect Awards 2011 was held at the Jumeirah Zabeel Saray, on which the 62-storey Rolex Tower designed by Skidmore, Owings, & Merill LLP (SOM) has received an award fo ...More...
20-09-2011 -
Yesterday, both the Dubai Land Department (DLD) and Wasl Asset Management Group signed an agreement to work together by providing attractive packages to property investors themselves. They will help the developers of ...More...
20-09-2011 -
There has been one issue concerning with the gradual increase of property prices in Dubai; that is, is such increase for real, or is it just for the sake of letting the owners feel good in the end?
Accordi ...More...
Accordi ...More...
19-09-2011 -
A month ago, Nakheel, a master developer of iconic projects in Dubai, successully finished the issuance of the first tranche of its sukuk to creditors. After that, the company decided to hand over at least a total of ...More...
19-09-2011 -
As part of the Government's initiatives to rebound the Emirate's reputation in the Middle East region in line with realty industry, its Land Department has recently launched the so-called 'Real Estate Res ...More...
19-09-2011 -
Dubai became an economic hub three years ago due to its trading, hospitality, tourism, and especially the real estate market that mostly boomed but only at the short period of time because of the huge impacts of the ...More...
19-09-2011 -
Based on the current news concerning with the property buyer's interest, focusing more on the quality itself of the property, it helped Dubai's realty market improve to some extent; in a sense that there are ...More...
18-09-2011 -
A number of hotel operators have planned to expand their portfolio on the palm-shaped islands, Palm Jumeirah, before the global economic crisis began in 2008; while the others still fulfilled their commitments amidst ...More...
18-09-2011 -
Rents in some areas of Dubai have been stable since the beginning of the first two quarters of the year, such as in Central Business District (CBD), in which the commercial rents fell only a little bit between the la ...More...
18-09-2011 -
On Palm Jumeirah, Nakheel, a leading property developer and currently owned by Dubai Government, has recently unveiled that it is going to open publicly one of its iconic projects within the said development; that is ...More...
15-09-2011 -
In 2009, after one year when the global economic crisis hit Dubai's market, Nakheel, a previous property unit of Dubai World, has lost a total of AED76.6 billion because of the write-downs in the value of its meg ...More...
15-09-2011 -
When the property prices have dropped at almost half of their original values since 2008, many investors or property buyers took such opportunity by looking for properties with good qualities and located in well-esta ...More...
15-09-2011 -
As the property industry is struggling to surpass the impacts of the economic downturn, a lot of companies have been planning to expand their portfolio in different countries, such as the 'Hideaways Club', a ...More...
15-09-2011 -
As Ramada Jumeirah, a new four-star hotel comprising of 252 deluxe rooms and suites, opened to leisure & business travelers a few days ago, it has just welcome its first guest whose name is Captain Sumith Kalwila ...More...
14-09-2011 -
Dubai's construction industry is quite one of the most affected by global economic crisis in which a lot of property projects have been either cancelled or put on hold, such as in the so-called to be a 'City ...More...
14-09-2011 -
Although the Emirate of Dubai is still in the wake of economic crisis, there have been already some positive signs seen during the first previous months of 2011, such as the increasing demand for villa properties and ...More...
14-09-2011 -
Based on the report, Dubai's villas have already stabilized since the beginning of the first month of 2011; for they have been in demand for property investors due to their attractive views, locations, and upgrad ...More...
13-09-2011 -
The Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, has recently visited the Land Department of the Emirate due to its initiatives such as by launching a new Investment Arm named as the 'Centre for Encoura ...More...
13-09-2011 -
On September 15, 2011, the 9th International Building Construction and Property Exhibition will begin and be held in Accra, Ghana. Its theme will be: 'A passion for excellence, let's build together'. It i ...More...
13-09-2011 -
A month ago, Nakheel, a former property arm of Dubai World, successfully completed its complex debt restructuring, in which it issued partially a sukuk worth of $4.8 billion as part of its proposal.
Howeve ...More...
Howeve ...More...
13-09-2011 -
Having an online property management tool is quite a great advantage for investors, managers, associations, board members, tenants, and property developers. In Dubai, MyCommunity System developed by a leading Interna ...More...
12-09-2011 -
Cityscape Dubai 2011 is an annual and international event for real estate, investment, and development. It will be held at Dubai International Convention and Exhibition Centre (DICE) on the 27th until 29th day of Sep ...More...
12-09-2011 -
In the wake of financial crisis, most of the companies in Dubai have strategically expanded their portfolio outside the UAE, by shifting to other emerging markets because of the fact that they need to survive financi ...More...
12-09-2011 -
A lot of companies are now planning to expand their portfolio after three years of the impacts brought by the global economic downturn, including the RCI which is quite considered as the largest and most experienced ...More...
12-09-2011 -
As part of the UAE's struggling to economically recover in general, a number of banks such as Abu Dhabi Bank which is indeed the third biggest bank by assets in the country as well as the HSBC Holdings PLC, are n ...More...
12-09-2011 -
As the Ruler of Dubai firmly believed that the Emirate has already overcome the financial crisis, Abdul Rahman Saif Al Ghurair, Chairman of Dubai Chamber of Commerce & Industry, also said optimistically that Duba ...More...
11-09-2011 -
In Q4 2010, Ibn Batutta Gate Hotel managed by Movenpick Hotel and Resort, an upscale International Swiss Hotel chain, was officially opened to the public. After a couple of months, the management appointed new Food & ...More...
11-09-2011 -
Among the Sheikhdoms that made up the UAE is indeed Dubai. Its Ruler has recently said that the Emirate's financial crisis is now over while he inaugurated the Green Line Metro Network; for he believed that such ...More...
11-09-2011 -
The two largest Emirates in the UAE are both the Abu Dhabi and Dubai. They are among the sought-after destinations for leisure & business travelers from other countries. However, in comparison, the most preferabl ...More...
10-09-2011 -
In 2005, Grosvenor House, a complex of two towers which are the Grosvenor House West Marina Beach and Grosvenor House The Residence, has opened its first tower which has been the first hotel in Dubai Marina since the ...More...
10-09-2011 -
When Q1 2011 began, it was considered a time of Dubai's re-emergence from being financially affected by the so-called 'economic crisis, in which little by little the Emirate's market is gradually starting ...More...
10-09-2011 -
During the booming property market in Dubai, the famous destination for corporate investors or tenants were those properties located along the Sheikh Zayed Road, in which most of the high-rise towers became primarily ...More...
08-09-2011 -
The Ruler of Dubai has recently appointed Saeb Eiger as a new Chairman of Dubai Financial Services Authority (DFSA). In fact, prior to such appointment, he is a previous Deputy Chairman of the latter.
In t ...More...
In t ...More...
08-09-2011 -
Among the construction firms in Dubai, only few of them have experienced growth such as in terms of revenues. One of which is the Drake & Scull International, a Dubai-based Construction and Engineering Company. ...More...
08-09-2011 -
Nakheel, a former property unit of Dubai World but now wholly-owned by Dubai Government, has decided to delay the issuance of another Islamic Bond worth of AED1 billion to its trade creditors.
A month ago ...More...
A month ago ...More...
08-09-2011 -
As hospitality sector in Dubai has been almost recovering if compared to other sectors, a lot of hotel companies are continuously expanding their respective portfolio within the Emirate in particular because of the i ...More...
08-09-2011 -
When the world economic crisis stepped in, not only a number of Property Management Firms stepped out of their operations in Dubai's market but also some of the Investment Companies, such as the Lehman Brothers w ...More...
07-09-2011 -
On April 27, 2010, the first branded-Armani Hotel was officially opened in Dubai, which is located in the tallest tower in the world, Burj Khalifa, a project of Emaar Properties. The opening was indeed initiated by t ...More...
07-09-2011 -
One of the ideas that came out after the onset of global financial and credit crunch crisis in Dubai's property market in particular is the so-called 'rent-to-own scheme'. Actually it has been already don ...More...
07-09-2011 -
Some of the companies in Dubai have temporarily shifted their operations to other emerging markets outside the country when the Real Estate industry collapsed in mid-2008. Actually it is just part of their recovering ...More...
07-09-2011 -
Actually, when the year 2011 began, a lot of positive news emerged in Dubai's market, such as the growing number of leisure travelers flocking into the Emirate, the return of the availability of mortgage provider ...More...
06-09-2011 -
After receiving 'Lifetime Achievement Award' from CTBUH, an American Architect, Adrian Smith, well-known as a prestigious designer of stunning and tallest towers, is proud to be part of the world's histor ...More...
06-09-2011 -
Yesterday the European luxury group, Kempinski Hotels, opened another portfolio which is the Kempinski Hotel & Residences Palm Jumeirah that was developed by EPG Hotels & Resorts and located primarily on the ...More...
06-09-2011 -
Even before the Eid began in Dubai, most of the hotels operating within the City have already witnessed at least 10.5 per cent increase for occupancy rates in July 2011 on Y-o-Y basis. In other words, they have ...More...
06-09-2011 -
Nakheel, a developer of some mega projects in Dubai such as the Palm Trilogy and The World Islands, has received lawsuit issued by the Green Trading which is an Engineering Company based in Sharjah.
The Se ...More...
The Se ...More...
05-09-2011 -
Due to unceasing property declines in Dubai's realty market, some companies have transferred to another locations just for the sake of having better and more attractive commercial space, for instance, which will ...More...
05-09-2011 -
In Dubai's Real Estate market, there are a lot of property laws to be followed by the involved parties such as developers, landlords, and tenants; for, in the first place, they need to act just in accordance with ...More...
05-09-2011 -
Dubai's Hospitality industry continuously grows because of the increasing occupancy rates that started in 2010. Since then, it has showed positive growth in spite of the global economic crisis that hit Dubai' ...More...
05-09-2011 -
Before the global financial crash started in mid-2008, there were at least a total of 30 themed resorts planned to be constructed on the palm-shaped islands in Dubai, Palm Jumeirah. Some of them have never been put i ...More...
04-09-2011 -
Participating in any real estate exhibitions is just considered a part of the property firm's marketing strategies in particular, for by which the company will not only be recognized as it is but rather will help ...More...
04-09-2011 -
After successfully issued the first tranche of Nakheel's AED4.8 Islamic Bond to its trade creditors, it is continuously seeking to restructure its total liabilities worth of AED59 billion. In fact, it has recentl ...More...
04-09-2011 -
Arabian Travel Market (ATM) is quite an annual event being organized by Reed Travel Exhibitions (RTE), the world's leading events organizer. Actually it is a travel and tourism event that unlocks business potenti ...More...
04-09-2011 -
Most of the companies in Dubai have been affected a lot by the so-called 'credit crunch crisis' or 'world economic crisis' in general. For this reason, some of them have decided to sell their respecti ...More...
03-09-2011 -
When the global financial crisis started, a lot of property developers have failed their obligations such as to complete their individual realty projects on the specific time that led them to disputes with their inve ...More...
03-09-2011 -
On the forthcoming 9th day of September 2011, the Green Line Network of Dubai Metro is scheduled to open. Its opening will likely enhance the demand for properties located nearby the new and currently-operating stati ...More...
03-09-2011 -
Re-pricing the values of the islands on Nakheel's The World project is just part of its initiatives after being wholly-owned by the Government of Dubai. In fact, before Dubai's economy collapsed in 2008, each ...More...
03-09-2011 -
After successfully issued billions of sukuk to its trade creditors, Nakheel is currently in talks with some of the tour agencies in Dubai so as to have a business partnership with them. In other words, it will open i ...More...
29-08-2011 -
Behind the popularity of the tallest tower in the world, Burj Khalifa, is Adrian Smith, an architect who merely designed such stunning tower in Dubai. Because of that, he received the so-called 'Lifetime Achievem ...More...
29-08-2011 -
In Dubai's property market, not all investors are from Europe countries but also from GCC. Since the market gradually grew, an increasing number of GCC Nationals have been flocking to Dubai both for investment an ...More...
29-08-2011 -
In terms of Foreign Direct Investment, Dubai was ranked by FDI Magazine as the 'Middle East City of the Future'. Actually it has been the second time for the Emirate to receive such reputation which is the mo ...More...
29-08-2011 -
As Dubai Silicon Oasis (DSO), an Integrated Free Zone Technology Park that operates as such for different companies producing the following: semiconductors, microelectronics, and other high-tech products, it has rece ...More...
28-08-2011 -
As property prices in Dubai are continuously declining due to massive supply of properties entering the market, there are now some areas of the emirate experiencing a gradual growth in terms of value, such as those p ...More...
28-08-2011 -
A few days ago, Dubai Real Estate Institute (DREI), the leading Real Estate learning center in the Middle East and a training arm of both Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD), signed a ...More...
28-08-2011 -
Dubai has been one of the sought-after destinations for investors in the world, or rather a magnet for traders and a profitable market in the region. In other words, it has long been known as a trading hub for a coup ...More...
28-08-2011 -
When the financial crisis began in Dubai, one of the most controversial issues that emerged has been the inflated service charges. It became the reason of having unceasing disputes between the developers and property ...More...
28-08-2011 -
In the first place, months before the so-called 'Holy Month' or 'Ramadan' came, it has been reported that it would commonly affect some of Dubai's markets such as Real Estate industry except the H ...More...
27-08-2011 -
Property buyers in Dubai are now preferably looking for properties which are primarily located in attractive areas that have complete infrastructure and basic facilities such as shops, schools, and etcetera.
...More...
...More...
27-08-2011 -
As recovery of Dubai's property market is now gradually starting, there are a number of companies witnessing such improvement after the onset of devastating economic phenomenon, including the Drake & Scull In ...More...
27-08-2011 -
After the onset of crisis, a lot of property investors have become wise; in a sense that they are now focusing more on the quality and good maintenance of the building in which their property units are situated.
...More...
...More...
27-08-2011 -
In particular, when the global economic crisis started in 2008, the property market in Dubai has been suddenly devastated. Consequently, as a responsible entity of the government, Real Estate Regulatory Agency (RERA) ...More...
25-08-2011 -
When global economic crisis hit Dubai's markets, a large number of both investors and business firms have been deeply affected that entailed a great collapse of its economy in general.
Since then, the ...More...
Since then, the ...More...
25-08-2011 -
Yesterday the Ruler of Dubai released a new decree concerning with appointing his son, Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, to be the new chairman of Dubai International Financial Centre (DIFC), a Feder ...More...
25-08-2011 -
On August 23, 2011, DAMAC Properties, a subsidiary of DAMAC Holdings, has announced that it offered the investors of its Palm Springs project which is located on the artificial islands, Palm Jumeirah, with the so-cal ...More...
25-08-2011 -
Nakheel, being committed to its promise, is now about to issue the Islamic Bond worth of AED3.8 billion to its trade creditors, which will be the so-called the 'first tranche' of AED4.8 billion sukuk program ...More...
25-08-2011 -
As service charges have been the main reasons of having disputes between the two parties including developers and property owners in Dubai, Nakheel which is a property unit of Dubai World and at the same time develop ...More...
23-08-2011 -
Being the watchdog of Real Estate market in Dubai, RERA has just imposed new rules to monitor a number of realty companies in the Emirate that are advertising overseas projects. They should be approved first by the A ...More...
23-08-2011 -
Under the Strata Law, every building should have the so-called 'Owners Association' which will be organized by its developer itself in order to have a legal registration from Dubai Land Department. In other w ...More...
23-08-2011 -
As part of Nakheel's plans unveiled in 2008 to commence a development of at least a total of 13 million square feet of new retail space across five-separate mega projects in Dubai, which is under its Retail Shopp ...More...
23-08-2011 -
A month ago, it was definitely reported that Nakheel, a property unit of state-owned conglomerate Dubai World, would issue the total amount of AED4.8 billion sukuk to its creditors. However, the said issuance was pos ...More...
23-08-2011 -
In Dubai, there are three palm-shaped islands that are shortly called as 'Palm Trilogy'. During the launching, a large number of individuals or foreign investors have been surprisingly amazed and have become ...More...
22-08-2011 -
One of the hotels, which is still under development in Dubai, is the Melia Dubai Hotel owned by Melia Hotels International, Spanish Hotel Company and re-branded from Sol Melia. It is scheduled to open in the month of ...More...
22-08-2011 -
Based on the report, Dubai's property market is now gradually starting to recover from financial downturn because of impressive growth occurred in transactions for villa properties and also due to slower pace of ...More...
22-08-2011 -
As the Emirate of Dubai is well-known for its record-breaking projects such as the world's tallest tower, Burj Khalifa; the first palm-shaped artificial islands, Palm Jumeirah; and the largest mall in the world, ...More...
22-08-2011 -
Hospitality sector in Dubai is actually the first among the sectors that has immediately recovered since the collapse of the Emirate's economy in mid-2008. It is because of the growing and increasing number of bo ...More...
22-08-2011 -
Dubai Pearl is indeed one of the mega projects in the Emirate, which is still under construction in spite of the impacts of economic crisis. It is a $4 billion project of Dubai Pearl FZ LLC, a consortium of investors ...More...
21-08-2011 -
After the UAE Federal Government's decision to extend the property visa from six months to three years for those foreign investors who purchased Dubai's properties worth more than AED1 million, a large number ...More...
21-08-2011 -
Due to Dubai's market conditions in which a lot of property investors in particular have become disappointed because of what they have invested in the Emirate's property market, there is a UK-based investment ...More...
21-08-2011 -
A few years ago, the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, has unveiled its Housing Program for UAE Citizens. It is being called as 'Mohammed Bin Rashid Housing Establishment' (MRHE) that has ...More...
21-08-2011 -
As summer vacation in Dubai started in July, most of the tenants were taking rest outside the country; or rather they went to their respective countries in particular, by which the tenancy enquiries in the Emirate ...More...
21-08-2011 -
In Dubailand, there is a residential project named as 'Remraam Development' in which a number of investors have complained regarding with its developer's notice stating that they are obliged to make final ...More...
20-08-2011 -
When most of the realty projects in Dubai have been cancelled or terminated due to financial crisis, a lot of investors have lost million of dollars and made them depressed or disappointed. But some of them remained ...More...
20-08-2011 -
Prior to the so-called 'Global Economic Crisis', Dubai was indeed the fastest-growing City in terms of Real Estate market. It just happened between 2006 and mid-2008 because of the increasing demands for prop ...More...
20-08-2011 -
A lot of indications shown during the beginning of the year that the property market in Dubai has been starting to rebound in the midst of financial crisis; for the property values as well as the sales transactions o ...More...
18-08-2011 -
Despite the fact that Nakheel is currently involved in at least a total of 12 cases pertaining to one of its mega projects in Dubai, 'The World', it is still dealing the remaining islands to its potential inv ...More...
18-08-2011 -
The opening of 'Beach Club' in Jumeirah Beach Residence has been controversial issue since it was reported to be open a couple of months ago. It is actually a project of Dubai Properties Group (DPG) that spec ...More...
18-08-2011 -
In the first place, Nakheel, a property unit of state-owned conglomerate Dubai World, was considered among the companies that helped the Emirate's debt crisis start in 2009 because of being failed to cope with it ...More...
18-08-2011 -
When the International Monetary Fund (IMF) upgraded its view of Gulf Cooperation Countries (GCC) in its 2011 economic growth, a lot of investors in Dubai felt at ease accordingly; or rather their confidence in the Em ...More...
18-08-2011 -
Dubai's property market is quite on the track to surpass the impacts of crisis, for there are positive indications shown during the first six months of 2011, such as having best-selling prices and some fair finan ...More...
17-08-2011 -
Among the companies that are now in talks of extending the maturities of their billions of debts is the Kerzner International Holdings Ltd which is a leading developer and operator of destination resorts, casinos, an ...More...
17-08-2011 -
In Dubai International Financial Centre (DIFC), a Tax-free Business Park, the issue regarding with commercial space has been divided into two. They are as follows: the occupancy level of owned-units of DIFC Authority ...More...
20-08-2011 -
During the property boom in 2008, most of the residential and commercial properties in Dubai were being occupied or purchased by investors. Then it was difficult time for corporate companies in particular to buy or l ...More...
19-08-2011 -
Regardless of the fact that there are still property declines in value until now in Dubai, some properties such as luxury villas are now on the track of recovery; for they have been appreciated by investors so far. F ...More...
19-08-2011 -
As Dubai World, a state-owned conglomerate, has successfully finalized its restructuring plan with creditors, its subsidiary property firms such as Nakheel and Limitless are still on the track to repay their individu ...More...
19-08-2011 -
In 2007, the Strata Law was first unveiled in Dubai but only implemented publicly in May 2010. This is actually a kind of law that concerns with handling day-to-day management of building and overcoming the complexit ...More...
19-08-2011 -
As one of the world's largest Real Estate Companies, Emaar Properties, a builder behind the stunning Burj Khalifa, has experienced growth in its hospitality revenues; for it has reached at least 20 per cent incre ...More...
18-08-2011 -
In Real Estate industry, when the global economic crisis hit the market, a lot of companies either halted their operations or changed their management by appointing new General Manager for instance; while, in compari ...More...
18-08-2011 -
Behind the stunning architectural design of the tallest tower in the world, Burj Khalifa, it was the Skidmore, Owings, and Merrill (SOM), one of the leading architectural and engineering firms. It is also the current ...More...
18-08-2011 -
Due to property declines in value, a lot of properties in Dubai have been offered at the lower prices because of the reason to have volumes of transactions and maintain the project's occupancy rate as well.
...More...
...More...
18-08-2011 -
Excessive supply of properties has been continuously the controversial issue in Dubai's property market. However, in residential sector, villas have had an impressive performance during the second quarter of the ...More...
17-08-2011 -
Most of the companies currently operating in the midst of financial crisis have individual plans so as to survive both financially and economically, including the Jumeirah Group, a Global Luxury Hotel Management Comp ...More...
17-08-2011 -
When the new visa law for foreign investors in Dubai was extended by the Government, such decision resulted positive impacts to the Emirate's Real Estate industry; for the confidence of those investors has been b ...More...
17-08-2011 -
A month ago, Alan Robertson was appointed as a new Chairman Executive Officer (CEO) of Jones Lang LaSalle in MENA Division. Based on the report, he was asked by the media with regards to his own opinions for the prop ...More...
17-08-2011 -
In majority, most of the small-time realty developers in the UAE were affected by economic downturn except those which have had a strong determination to continue and finish what they have already started.
...More...
...More...
17-08-2011 -
As known as the tallest tower in the world, Burj Khalifa, it doesn't mean that its apartments are more expensive if compared to other luxurious properties, especially in the midst of the current market condition