News

Sama Dubai Offers Investors Alternative Units
An article in today's National newspaper has reported that Sama Dubai, the developers of the Dubai Lagoons project is to offer alternative units to investors who purchased in the stalled development. The report states that the developer is offering altern... > more

Abu Dhabi Investment Fund Targets Dubai Property Market.
  A new property fund has announced that it plans to actively target the Abu Dhabi and Dubai property markets over the next 18 months, creating a real estate investment portfolio valued at approximately $250 million.   The Abu Dhabi based Ta... > more

Dubai and Abu Dhabi to remain best Option for Property Investors
  According to Jones Lang LaSalle, one of the world’s leading international real estate consultancies, Dubai and Abu Dhabi will be among the top markets in the Middle East and North Africa to attract long term regional and global investment in... > more

UAE Hotel Industry Set for Major Growth
There are 54 hotel projects currently under construction in Dubai alone, according to STR’s Vice President for Content Management, Duane Vinson. Contrary to much of the incorrect speculation, Dubai hotel visitor numbers have actually risen, year-o... > more

Emirates real estate sector sees over AED140bn in the past five years
Figures released yesterday by the Ministry of Economy have shown that over AED140bn was invested into UAE real estate and construction investments during the period 2004 through to 2008. The figure represented an increase of over 100% than for the previo... > more

Burj Dubai offers visitors a birds eye view
  The Burj Dubai is set to offer people the ultimate view over the Dubai landscape, following its latest announcement that it will be opening an observation deck on the 124th floor of the world’s tallest tower. When open, the visitors to the B... > more

Major Contractor Win Adds Momentum to Dubai Stock Market Hike
  The DFM, (Dubai Financial Market), witnessed a 10-month high on Wednesday 23rd September with growth as high as 11%. A significant part of the growth has been fuelled by international investor money, pointing to a resurgence in confidence in the E... > more

Emaar and Nakheel to attend Cityscape 2009
In a significant U-turn, two of the country’s largest real estate developers have reversed their decisions and have now decided to attend the region’s largest property show. Nakheel has been clear in stating that its main focus and priority i... > more

Emirates Steel Company Forging Ahead
  Emirates Steel’s recent award of a 1.74bn Dirham contract to Danieli Corporation is a clear indication of the company’s confidence in the resurgence of both The UAE and wider GCC construction markets. The new heavy section rolling mill... > more

Damac Properties award three enabling works contracts
  Damac Properties, one of the Middle East's largest property developers has moved forward with awarding contracts for enabling works on three of its major contracts. The contracts will allow work to begin on the Suburbia project in Downtown Jebel A... > more

Jumeirah Lake Towers construction on schedule says Chairman of DMCC
  Construction work on the Jumeirah Lake Towers project is well on course according to a report out this week in the Gulf News. The report was quoting Ahmad Bin Sulayem, Executive Chairman of the DMCC, who stated that the work on the 70 Jumeirah Lak... > more

Dubai Hotel Occupancy Rates Back on Track
  Dubai’s hotel sector is set to experience a major boost in the last quarter of 2009 or the first quarter of 2010. The appeal of the Dubai hotel market has been reinvigorated by prices of rooms being lowered by up to 26% across the Emirate. T... > more

Dubai Airports predict substantial increases in 2010.
  This morning saw Dubai Airports release its new traffic forecasts for 2010, predicting a healthy increase of 13.6% in international passengers. The figures, which cover both the Dubai world Central Al Maktou International and Dubai International A... > more

Increase in land sales in Dubai as sales pass AED105m.
  The latest figures to be released by the land department are showing positive signs for the Dubai property market, as the total value of sales yesterday exceeded AEd105m. Mortgages also showed positive signs as total values reached almost AED50m. ... > more

Plans for Prestigious UAE Projects in Full Flow
  As the property sector started to slow across the UAE last year, there was an ‘air of gloom and doom’ as the future of many projects seemed uncertain in the face of high raw material and contractor costs. Far from being a threat, the s... > more

UAE considers changes to laws on foreign ownership of businesses
A report out in The National this morning has stated that the authorities in the UAE are currently considering changes in their laws which would allow international companies 100% ownership of the businesses which they own within the UAE. This initiative ... > more

Launch of Dubai Metro Boosts Transport Infrastructure
  Over 110,000 people, approximately 10 percent of the entire population of  Dubai, travelled on the Metro in its first two days, on the 9th and 10th September 2009.   This early and significant support for the metro indicates that ther... > more

Banks report increased mortgage lending in Dubai
More announcements last week from some of Dubai's major financial institutions are showing increased levels of mortgage lending in the emirate. The figures, released by the Noor Islamic Bank have reported an increase in their mortgage business of around 4... > more

Dubai Property Market Stabilising Says Report.
A report out today from Standard Chartered has stated that the Dubai property market is gradually stabilising due to increasing access to mortgages in the Emirate. The news is the latest in a series of announcements which suggest that the worst of the eco... > more

UAE property market shows signs of bottoming out.
A new survey from the HSBC has stated that the UAE property market is showing increasing signs of 'bottoming out' during the period April to May 2009. Figures for the period, which were released late last week have shown that the agreed prices for transac... > more

DIFC sees rents fall by around 40 percent in the past six months.
A report out this morning from the property consultants CB Richard Ellis has found that commercial rents in the Dubai International Finance Centre (DIFC), have reduced by an average of 40% across the past six months. The report goes on to state that over ... > more

Positive prospects for Dubai
Government steps to support Dubai so far should be sufficient to stabilise its economy for the next nine months, the UAE's economy minister said. He is expecting the UAE to escape the recession, although the real estate market has seen a dip this year and... > more

New report predicts changes in the Abu Dhabi property market.
  There may well be good news ahead for people looking to invest in property in Abu Dhabi, according to a report out today from CB Richard Ellis. The Property Insight Report takes an in-depth look at the current state of the Abu Dhabi property marke... > more

Dubai Property Market sees increase in demand for Mid to low priced property
A high ranking official at Nakheel, the Dubai based property developers has this morning stated that the Dubai real market is likely to see a shift towards low to middle priced property. Johann Schumacher,who was talking with the Khaleej Times, is Managin... > more

A slight recovery in Dubai market
Gulf News reports that stocks saw upbeat investor sentiment on Sunday. The Dubai Financial Market (DFM) index advanced 2.88 per cent yesterday. Although the Abu Dhabi Government have injected a large amount of money into the banks, they did not see the sa... > more

Banks might ease lending restrictions
  Senior executives and financial analysts claims that Abu Dhabi's five largest banks are expected to ease lending restrictions to investors, starting this week, Emirates Business 24/7 informs.   This is a direct result of the Abu Dhabi Gove... > more

Dubai Rental Index to be updated more frequently
An article out today in 'The National' has reported that the new rental index in Dubai is likely to be updated more regularly than initially proposed. The increase in the number of annual updates to the index are designed to ensure that the index keeps pa... > more

Despite crisis UAE aims to grow at about 3.5 per cent this year
Even though the world’s growth gets impeded to 0.6% an investment advisory firm showed data that the UAE will grow at about 3.5% per cent. Merrill Lynch’s Chief Investment Officer Gary Dugan declares that it is going to be a key year for the ... > more

Landlords in Dubai start accepting monthly rental cheques
  Due to the new situation in the rental market landlords are now accepting several rental cheques, even monthly rental cheques, from tenants. Dubai’s property regulator claims that this is fantastic news, and something they have been waiting ... > more

Business Bay Construction Work on Schedule
    Dubai Properties have announced that construction work on the $30 billion master development at Business Bay is on schedule for completion in 2015, when Phase One of the development will be delivered.   An integral part of Sheikh M... > more

New report shows falls in Dubai Property Prices
  A new report out from HSBC has shown that the price of Dubai property has decreased by an average of 23% since the market high in September.   The report showed that whilst apartments in Dubai had fallen by around 20% since September, vill... > more

Decree to freeze rental property prices in Dubai
  A new decree released from the Dubai Supreme Court has been released today, aimed at reducing the increases in the prices of real estate in Dubai, thereby maintaining a balance between the interests of both landlords and tenants in Dubai.  ... > more

Dubai rental market improves
In Dubai and Abu Dhabi the rise in rent has slowed to a standstill in the last three months, something that brings relief to some tenants after years of soaring prices. In Dubai the rent has only risen by four per cent in the last year all together, whi... > more

Office sales in Dubai show large increases in 2008
A report out today has shown that office sales in Dubai increased by approximately 150% in comparison with 2007. The report, released by Real Capital Analytics stated that sales of commercial property in Dubai increased by a total of 148% (AED 11.45bn) in... > more

Lower building costs for developers
The economic downturn is being more a help than a hindrance by bringing down construction costs, and developers are able to keep projects on track. Dubai’s major City of Arabia project is on track. The US$5 billion development – including the... > more

Damac Heights to undergo design changes
  Damac Heights, one of the most prestigious projects in the Dubai Marina is set to undergo detailed design changes following an announcement by the developer Damac Properties. It was also confirmed that the enabling contractor, Zetas, has been demo... > more

RERA Announces New Property Price Index in Dubai
Wednesday saw more good news for people considering purchasing property in Dubai, as the Real Estate Regulatory Authority (RERA) announced a new price index for properties in the emirate.   The move is seen as being part of a larger initiative fro... > more

Developers adjust payment schemes
Developers in the UAE are relaxing their payment schemes on certain projects to entice buyers as the market has a minor slow down. Emaar Properties, the UAE largest developer, have made changes to ease the payment procedures offered to buyers with two new... > more

Consumers in the UAE are still confident
Along with renovations, fashion, accessories, dining and entertainment UAE consumers still see properties as an area they would spend on. The confidence in the Middle East as a whole remains unscathed, according to MasterCard Worldwide Index of Consumer C... > more

Quarter 4 sees a drop in the price of property in Dubai
  A new report out today has stated that the average price of property in Dubai fell by an average of 8% in the fourth quarter of 2008. The report, from Colliers International, looked at the average property prices in Dubai across a total of 14 deve... > more

Ambitious budget set to boost economic growth in Dubai
To boost the emirate’s economy and help avoid a likely downturn Dubai's government have released an ambitious budget for 2009. The budged released on Saturday revealed that government public sector spending will be set to Dh37.7 billion, which is an... > more

Dubai spending increasing by 42 per cent in 2009
  His Highness Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, issued Decree No 1 for 2009 on Sunday and announced Dubai's budget for this year. The budget comes with its first deficit, but according to another senior official it “will ... > more

RERA moves to increase investor confidence in Dubai Property Market
  The Dubai Real Estate Regulatory Authority (RERA), has announced that it will be taking new steps aimed at increasing the level of investor confidence in the Dubai property market.   The focus of this new initiative will see property devel... > more

Residents beginning to question maintenance fees in Dubai
  Large increases in property maintenance fees in Dubai have resulted in homeowners questioning how the fees are being spent. Some increases in maintenance fees have resulted in residents organising unofficial housing committees as a means of battli... > more

Ocean Heights reaches 30th floor
Damac Properties, the Dubai based property developers have announced that they have just completed the 30th floor of their luxury Ocean Heights development. Ocean Heights, which will be over 80 storeys when completed, is located in the prestigious Dubai M... > more

Trump Tower from Nakheel on hold
Nakheel has suspended it’s ‘Trump Tower” project, as mentioned in The National.   Trump Tower was launched close to a year ago and is one of many extremely high profile projects not just in Dubai but on the Palm Jumeirah. &nbs... > more

Omniyat Properties Launch New Payment Scheme
  Omniyat Properties, the Dubai based property developers have announced plans to restructure their existing payment plans to in order to increase sales. The announcement from Omniyat follows a number of recent statements from major developers who a... > more

Mortgage provider launched in Abu Dhabi
Five of Abu Dhabi's largest investment and real estate companies yesterday announced that they will be collaborating to launch a new mortgage company for the Abu Dhabi real estate market. The five companies involved in the new venture are the Tourism Deve... > more

Suhail Tower launched in Dubai Waterfront
The Kuwait based investment and real estate company, Al Madar, has this morning announced the launch of its latest residential project in Dubai. The Suhail Tower is a 47 storey residential project which will be located in the prestigious Madinat Al Arab ... > more

Deyaar Offers New Payment Scheme
  Deyaar Development, the Dubai based property company have become the latest developers to launch financial packages designed to ease the impact of the credit crisis throughout the Middle East region.   "After looking at the market conditio... > more

Marina West showcased across the GCC
Bahrain’s premier beachfront development, Marina West, has showcased the unique Marina West lifestyle at a number of high profile regional real estate development exhibitions during this month. Exciting both end users and investors with its off... > more

New Payment Scheme Launched By Emaar
Emaar Properties, the Dubai based property developers, have announced plans aimed at making it less expensive for people to buy property in Dubai. Emaar’s new scheme follows on from the announcement at the weekend that the Dubai government will be e... > more

Dubai Government moves to shore up real estate market
A high level committee has been formed by the Dubai government amidst concerns over a potential slow down in the Dubai property market. The new committee will be tasked with assessing the potential impact of the widening financial crisis on Dubai's real e... > more

UAE Most Prosperous GCC Country
  A recent report out has ranked the United Arab Emirates as the most prosperous of the GCC countries, and the second most prosperous country in the Middle East region. The report, which takes quality of life as well as material wealth into consider... > more

Dubai Mall to open on Tuesday
  The Dubai Mall looks set to officially open its doors to the public on Tuesday 4th November at 2pm. Originally planned for August 2008, the opening of the mall has been delayed a number of times due to construction delays. Opening day will wit... > more

Royal Bay is launched on the Dubai Waterfront
Royal Bay, a new mixed use development which will be located on the Dubai Waterfront, was officially launched at a gala dinner in the Jumeirah Beach Hotel last night. Royal Bay will cover a total of 1.2 million square feet of prime real estate on the pre... > more

Dubai Mall opening delayed again
An announcement this morning from Emaar Mall has confirmed that the opening of the new Dubai Mall will now be delayed until the 4th November as the main mall and a number other key facilities are not yet ready. The opening of the Mall, which was due to b... > more

The Aurora is launched in Al Reem Island
The Kuwaiti property developers Mayadeen have announced the launch of their latest project in Abu Dhabi. The AED 1.6bn Aurora will consist of two residential towers, each measuring over 208 metres, and comprising of 53 stories.  The Aurora... > more

Gardenia I and II launched in Jumeirah Village South
Gardenia I and II have been announced by Memon Investments, the Dubai based property developers. The Gardenia I and II projects, which will be located close to the Cultural Centre and Central Park area of Jumeirah Village South is worth an estimated AED ... > more

RERA Launches New Real Estate Brokers Association
Dubai's Real Estate Regulatory Authority (RERA), have announced plans for a new Brokers Association to be launched in Dubai, which will be tasked with creating a new industry code of conduct for all real estate brokers currently operating in Dubai. ... > more

The Atrium In Dubai Waterfront - The Latest Launch From Emirates Sunland
Emirates Sunland, the Dubai based property developers have launched their latest project at the Dubai Waterfront district. The Atrium will be a Dh6 billion residential building, which will be located close to the Madinat Al Arab, which will situated nex... > more

Boris Becker To Launch New Tennis Academy In Ras Al Khaimah.
Boris Becker and ACI Real Estate have announced the launch of the new AED 3 billion Boris Becker Resort and Tennis Academy, which will be located in the northern emirate of Ras Al Khaimah. The new resort which is Boris Becker's first co-owned resort, will... > more

Abyaar Launches Pier 8 In Dubai Marina
Abyaar, the Kuwaiti property developers have this week announced the launch of their Pier 8 project, which will be located in the prestigious Dubai Marina district of the emirate. Prices in the Pier 8 development will average AED 2,750 per square foot to ... > more

The Executive Suites in Business Bay - New launch from Damac Properties.
Damac Properties, the Dubai based property developers yesterday launched their new Executive Suites development at the Cityscape 2008 exhibition in Dubai. The Executive Suites, which will be located in the heart of the Business Bay district will guarantee... > more

Nakheel Announces Plans For Worlds Tallest Tower In Dubai.
The Dubai based property developers Nakheel yesterday announced plans to build the worlds tallest tower in the popular Jebel Ali district of Dubai. The tower, which will top out at one kilometre high will become the world's tallest building, a mantle curr... > more

Dubai property market to continue growth says Dubai Land Department
Contrary to recent reports suggesting a decline in Dubai property prices by 2010, the Dubai Land Department has suggested that the Dubai property market will in fact continue to grow, with the major impact being a minor correction in profits over the next... > more

Special Offer For Cityscape Dubai 2008
Cityscape Dubai 2008, in its 7th year, is the largest business-to-business real estate investment and development event in the world.   Cityscape Dubai attracts regional and international investors, property developers, governmental and development... > more

Iconic properties for Damac at Cityscape 2008.
  Damac Properties has announced that it will be showcasing a vast array of iconic projects at next weeks Cityscape 2008 exhibition, which will be held at the Dubai International Exhibition Centre. Damac Properties currently have projects in Dubai, ... > more

Khuyool Investments to promote four major developments at Cityscape 2008.
Khuyool Investments, the Dubai based property developers, will be showcasing 4 of their key Dubai projects during Cityscape 2008.   Fahad Ali Mousa, Chairman of Khuyool Investments went on to say “The projects we are displaying at Cityscape ... > more

Madain Properties To Showcase Multi Billion Dollar Projects At Cityscape 2008
Bay Terrace In Business Bay, H Tower In Al Meydan City And The Rubix Residential Buildings In Dubai World Central Expected To Be Top Attractions Of High Profile Exhibition Dubai, UAE - September 29, 2008:   Mada'in Properties, the UAE's premie... > more

Emaar Properties announce share buyback scheme.
  Emaar Properties, PJSC, one of the world’s leading property developers, announced today that it will proceed with the implementation of a share buyback programme. This follows approval of the company’s share repurchase programme by its... > more

Tiger Towers are launched in the Dubai Waterfront.
Tiger Towers, the latest project from the developer Tiger Properties, has been officially launched in the prestigious Dubai Waterfront development. Tiger Towers will comprise of two condominium towers, measuring 170 and 185 metres respectively, and will b... > more

Pre-launch Announcement - The Eye of Ajman
  The recently announced Eye of Ajman is a 6.27 million square foot residential and commercial project just off the main Emirates Road in Ajman. Comprising of residential, hospitality, office and retail segments, the Eye of Ajman project includes re... > more

Infinity Tower in Humaid City
The Infinity Tower is a new property development in the popular emirate of Ajman. Situated in the Humaid City development, overlooking Emirates City and the Emirates Road, Inifnity Tower will offer a range of units including studios and one and two bedroo... > more

Burj Dubai scales new heights
Emaar Properties, the Dubai based property developer has this morning announced that their flagship development at the Burj Dubai, has now reached a height of 688 metres. Already the worlds tallest building having surpassed the KVLY-TV mast in the United ... > more

Work begins on the Lofts In Abdali
Damac Properties, the Dubai based property developer, have announced that work has now started on the Lofts, the Abdali based project in Amman, Jordan. The project, Damac's second project in the Abdali development is targeting a completion date of the end... > more

Emaar Property Launches The Armani Residences In Egypt.
Emaar Properties PJSC in partnership with Armani S.p.A have announced the highly sought-after Armani Residences in Marassi, Emaar’s flagship resort development in Egypt. Personally designed by fashion icon Giorgio Armani, this will be the first vill... > more

Degrees in real estate launched in Dubai.
  The Dubai Real Estate Institute, DREI, has become the first institute in Dubai to offer a range of real estate focused educational programs. The programs, which were announced last Saturday will be split into three separate degrees of master of re... > more

Concourse 2 is launched in Jumeirah Village
Concourse 2, a stunning new mixed use development located in the heart of Jumeirah Village, was launched yesterday by the developers Damac Properties. The Residence is comprised of two towers, residential and commercial, which are built on four common pod... > more

Al Massa One Launched By Azizi Investments
Azizi Investments, the Dubai based property developers have announced the launch of Al Massa One, the second phase of their commercial Al Furjan development in Dubai. Al Massa will comprise of two G+7 commercial towers, Al Massa One and Almasa Two, which... > more

Peace Tower Launched in Marmooka City
Peace Tower, a new AED 60m residential tower has been launched by Peace Builders and Developers, the Ras Al Khaimah property developers. Peace Tower will be a freehold residential tower, and will be located in the popular Marmooka City region of Ajman. W... > more

New Pre-launch At Admiral Bay in Maritime City
  We are pleased to bring you pre-launch news of the latest development to be announced at the Maritime City development in Dubai. The Admiral Bay development will be a Ground plus 48 floors and 6 podium levels offering residential, retail and comme... > more

Al Bandar Scaling to New Heights
Landmark progress reported on ALDAR's Al Raha Beach Development, Al Bandar Precinct  Tenants of Al Bandar, the tranquil waterfront precinct in Al Raha Beach, can expect to move into their units starting from the fourth quarter of 2009. ALDAR Propert... > more

Burj Al Faraa is launched in Jumeirah Village
Al Faraa Properties, the Dubai based property developer, has announced the launch of a new AED 1 Billion commercial tower located in the commercial district of Jumeirah Village. The Burj Al Faraa will be a state of the art commercial tower, offering ove... > more

Qatar Real Estate Market To Require 93000 Extra Homes By 2010
Qatar is expected to require an additional 93,000 residential units by 2010 to sufficiently address the rising demand, as a result of rapid population increase relative to supply and the country’s burgeoning economy. The substantial need for housing... > more

Dynamic Tower Performs Well On Reservations.
Following the opening of the reservations list for the world's first Dynamic Tower in Dubai, more than 600 requests have been submitted for residential apartments, Rotating Tower Dubai Development announced today. The revolutionary building, designed by I... > more

Plans Launched For New Dubai Opera House
Zaha Hadid, the Baghdad born architect has released the stunning designs for the new Dubai Opera House, which will be located on an island in the middle of the Dubai Creek, in the Seven Pearls district of Dubai. The new opera house will seat around ... > more

Beirut Towers Launched In IMPZ
  Plus Properties, a Dubai-based real estate developer will build a $125 million skyscraper project in Dubai called ‘Beirut Towers’.The towers will be located in the International Media Production Zone (IMPZ) in Dubai, the developer said... > more

Leading architects in global competition to design one of the worlds tallest towers
In what has been labeled as a unique internal design competition, Tameer Holding has today announced that acclaimed designers Atkins will compete amongst itself across three of its leading design centres for the privilege of designing an iconic skyscraper... > more

Nakheel launches new sealed bid process for land sales.
Nakheel, Dubai-based one of the world's largest and most innovative real estate developers, has introduced a new and radical sealed bid process for land sales. Approved by the Real Estate Regulatory Authority (RERA), the sealed bid process changes the fun... > more

Grand Boulevard Launched By Emaar Properties.
The Grand Boulevard, a two tower residential complex has been launched by Emaar Properties, the Dubai based property developer. The Grand Boulevard will be strategically located on the Burj Dubai Boulevard, and will be designed to maximise the residents v... > more

Warsan Estate Launched By Emaar Properties.
Warsan Estate, an exclusive new residential community located on Al Awir Road, has been launched by Emaar Properties, the Dubai based property developer. The Warsan Estate will offer a range of 500 family townhouses immaculately laid out to ensure the res... > more

Maison Residence Launches In Downtown Jebel Ali.
Maison Limited, the Hong Kong based property developer has announced its first Dubai based development, 'Maison Residence Collection.' Located on Phase Four in Downtown Jebel Ali, the Maison Residence Collection will be a G+17 residential tower.... > more

New AED 1.1 billion Bab Al Badr on Al Marjan Islands
    Catalysing the growing investment appeal of Ras Al Khaimah, property management and consultancy company, E-myproperty, today announced foraying into development by launching its first project - an iconic AED 1.1 billion island property... > more

Abu Dhabi Property Market Sees Continued Growth
  The Abu Dhabi property market seems set to continue its recent growth according to a recent report by the investment bank EFG Hermes. Numerous factors including increasing demand, a growing population and an increasingly liberal property sector ar... > more

Property in Dubai up by 42 percent in the last quarter.
    A recent report by Colliers International has stated that the prices of property in Dubai has increased by 42% between the last quarter of 2007, and the first quarter of 2008.   The report also shows that residential rental rates i... > more

Nur Boutique Tower Launches In Dubai Culture Village
Recent times have seen the growth in the number of high quality, luxury developments launched in Dubai Culture Village, and this trend seems only set to continue with the launch of the new Nur Boutique Tower. With it's sense of culture and heritage, as we... > more

Al Faraa Properties Sign Up With Property-Dubai.tv
Al Faraa Properties, a subsidiary of the Al Faraa Construction Group was this morning announced as the latest property developer to sign up with the Property-Dubai.tv web site. Al Faraa, who have a number of leading property developments in Dubai and Mumb... > more

Emaar says inflation will not impact UAE property prices.
 Emaar Properties, a leading real estate firm in Dubai, has stated that increasing inflation in Dubai and throughout the UAE should not have an impact on the demand for property in the UAE.     Emaar Chairman Mohamed Alabbar said: "I... > more

Hydra Village Eco-retreat Excavation Work 50 percent complete announces Hydra Properties.
The UAE based property developer, Hydra Properties, has announced that the excavation and substructure work at its Hydra Village eco-retreat in Abu Dhabi is now 50 percent complete ahead of schedule. The stunning new eco-retreat, located in Abu Dhabi... > more

Bab Al Badr on Al Marjan Island is launched by E-myproperty
Bab Al Badr, a new AED 1.1 billion island development on Al Marjan Islands was launched yesterday by the Dubai based property consultancy E-myproperty. A mixture of retail zones, high end residential units and serviced apartments, Bab Al Badr is due for ... > more

Lake Signature Launches In Emirates City, Ajman.
The recent growth in property developments in Ajman looks set to continue with the launch of the new Lake Signature property development in Emirates City in Ajman. The developer, GR8 Real Estate has announced the development which will be a residential pr... > more

Smart City in Ajman is announced by Goldcrest Properties
  Goldcrest Properties, has announced the launch of Smart City, a new Dh 2 billion freehold residential project in Ajman in the United Arab Emirates. Smart City will compromise of 8 luxury towers located across a development of 4.2 million squar... > more

Hudson opens office in the Dubai International Financial Centre (DIFC)
Hudson, a leading global provider of recruitment and talent management services, has opened an office in the Dubai International Financial Centre (DIFC) to serve the increasing demand for talents in the financial services industry in the region. Covering ... > more

Interest Free Home Loans Up To DH 2m in Abu Dhabi
The ruler of Abu Dhabi raised by two-thirds the amount that United Arab Emirates nationals in the emirate can borrow free of interest to finance buying or building their homes, to 2 million dirhams ($544,700). Nationals of the world's fifth-largest oil... > more

Tuscan Residence In Jumeirah Village South - DAMAC awards contract.
Square General Contracting Company has been appointed as the main contractor on Damac's new 'Tuscan Residence' development in the Jumeirah Village South development in Dubai. The Tuscan Residence development will consist of three low rise towers, and will... > more

MEFX to showcase latest technology solutions and services in the industry
The curtain is all set to rise on the first Middle East International Banking, Financial Technology and Services Exhibition and Conference (MEFX), an event that promises to reinforce Dubai's position as a global financial hub. Presented by the Dubai Inter... > more

Two Out Of Three Emirates Properties Bought By Foreigners.
A recent report released by the MAG Group has shown that two out of every three new properties bought on a freehold basis in the Emirates is bought by a foreigner. The report goes on to state that at present only 30% of the market are the final home owner... > more

Strong Pre-sales For Al Zorah At Cityscape.
More good news for the Ajman property market where Al Zorah, the AED 220 billion coastal master development announced pre-sales of around AED 10 billion at the recent Cityscape exhibition in Abu Dhabi. Al Zorah, which will designed as a 'complete city' w... > more

Lulu Island in Abu Dhabi Launched.
The recent Cityscape exhibition saw the announcement of the new development at Lulu Island in Abu Dhabi.  Whilst it was not announced when the work will actually begin, developers Sorouh Real Estate did say that Lulu Island will be in line with the P... > more

Badrah Waterfront Properties launched by Nakheel
The Dubai based property developer Nakheel took a large step today towards addressing Dubai's growing requirement for affordable housing, with the launch of its new Badrah Waterfront Properties. Providing houses for over 45,000 people, the Badra... > more

Good news for Abu Dhabi property market.
A recent study by the Saneou Al Hadath magazine has declared that Abu Dhabi is the best Arab city in which to live. The news for busy executives and businessmen is that Kuwait City was named as the best Arab city in which to do business, closely followed ... > more

Dubai Sports City Sees The Launch Of The New Gateway Towers
This week saw the launch of the stunning new GatewayTowers project, which will be located close to the entrance of the Dubai Sports City development, and in close proximity to the Emirates Road. Called the Gateway, the new plans released this week show t... > more

Demand For Property In The Gulf Increases.
A recent report by Jones Lang LaSalle has highlighted the growing requirement for new homes in the Gulf region in the near future. The report estimates that the Gulf countries will require approximately five million new housing units over the next ten yea... > more

ETA Star Properties go green with the launch of VERDE Residences.
The two-tower VERDE Residences and Offices is designed to achieve Gold ratings, as provided by the US Green Building Council's Leadership in Energy and Environment Design (LEED) programme, will be built in Dubai Maritime City, near Port Rashid, Dubai. Des... > more

Nakheel Annouces Five New Retail Developments.
Last week saw leaders from the retail real estate sector converge on Dubai for the 13th Annual Middle East Council of Shopping Centres Convention. As ever, the two day show was used as a platform for major developers to announce new retail projects in the... > more

Burj Dubai Units Sale
The Dubai based property developer, Emaar Properties is holding a residential and commercial units sale within its $20 billion mega project Downtown Burj Dubai on 26th April 2008. Customers can choose from a range of residential and commercial units locat... > more

Good news for low income groups in Abu Dhabi
Abu Dhabi plans Housing Quota for low income groups: The Abu Dhabi Government will ask real estate developers to allocate 20 per cent of their number of housing units for lower income groups, a senior official has said.The recommendations were made in a h... > more

Pre-launch Prices On Canal Residence West
We have recently received confirmation that the next release on the highly successful Canal Residence West development is due in the next few weeks. As yet the final date is to be confirmed by the developers, although we hope to have this available for ou... > more

Dubai Office Space In Demand
A recent report in the Gulf News shows that the market for office space in Dubai is in good health, as the increasing demand gradually brings more commercial real estate projects online.... > more

Dubai Property Developer Emaar Launches The Sale Of Dubai Villas
Emaar Properties is launching sales of a limited collection of unique villas and townhomes in Dubai on March 8, 2008... > more