Saturday, February 04, 2012
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Property in Dubai

Dubai Real Estate News

Dubai office market records strong occupancy rates in Q3 2011
22/12/2011 -

Dubai office occupancy has been buoyant during the third quarter this year, as the market recorded significant upturn in lease enquiries, as per the latest research from CBRE.


Dubai, desp

Six new buildings delivered at Mina Al Arab Lagoon district in RAK
8/12/2011 -

RAK Properties, one of the biggest real estate developers in Ras Al Khaimah, has announced handover of six buildings in Precinct 2 of Mina Al Arab Lagoon District.


These iconic buildings

Dubai expects Dh 140bn worth sales towards year end
6/10/2011 - The Dubai Land Department is expecting Dh 140bn worth sales transactions towards the year end, a senior department official revealed.

This would make it 10percent more than that achieved during

Major property deal worth signed at Ajman
3/10/2011 - A major real estate deal worth more than a billion dirham has been struck at Ajman, said a statement by the Plus Stock Exchange in London, which is one of the parties involved.

The Dubai-based B

Nakheel delivers 1186 housing units in 18 months
20/9/2011 - Nakheel, master developer in Dubai, announced it has handed over nearly 1186 residential units during the past 18 months and is all set to deliver more towards the year end.


Among the

Nakheel to deliver 7982 new homes within a year
25/8/2011 - Nakheel, the leading Dubai property developer has announced plans to deliver nearly 7,982 homes in nine developments across various parts of Dubai within a span of one year.

Nakheel seems to be

Nakheel unveils Dh 10mn recreation club at Jumeirah
8/2/2011 - Nakheel, the Dubai Master Developer, last week unveiled the Dh.10mn recreation club at the Jumeirah Islands to the community and its members.

The club house was unveiled in the presence of sever

Abu Dhabi realty sector jumps five-fold during 2004-09
15/11/2010 - The real estate sector in Abu Dhabi took a strong leap, jumping almost five times during 2004-2009, exceeding Dh.46bn and is one of the largest components of the emirate's GDP, the government figures
$150mn Billionaires Square to come up in Dubai Media City
12/11/2010 - Dubai will soon witness the launch of a $150mn Billionaires Square at Dubai Media City. The project is being launched by renowned Italian Business personality Flabio Briatore, together with UAEs Pragm
BID confirms handover of Bawabat Al Sharq Mall units as scheduled
8/11/2010 - The Baniyas Investment and Development Company (BID) plans to handover the retail spaces of Bawabat Al Sharq Mall to their tenants on 2nd December 2010, on the day of celebrations for the UAE National
US$1bn investment to turn Sowwah Island into high-end complex
5/11/2010 - The Mubadala Development Company, an Abu Dhabi government investment unit, said that it has awarded a contract to Farglory Land Development Company to invest US$1billion in turning four sites in Abu D
Abu Dhabi office sector may turn tenant-friendly in 2011
4/11/2010 - The Abu Dhabi real estate will see handover of several new grade A office buildings next year, making it the year for tenant movement, said CB Richard Ellis (CBRE) on Monday.

The Head of Researc

RAKIA Industrial Parks among best ten economic potential free zones in the world
24/9/2010 - The Ras Al Khaimah Investment Authority (RAKIA) Industrial Parks is one among the worlds 10 best economic potential free zones, according to FDI Magazines inaugural global ranking of economic zones.
Realty sector seeks high caliber professionals
16/9/2010 - The Middle East region is likely to see huge demand for high caliber professionals within the real estate sector in 2010, as per the report by Macdonald & Company, a leading specialist property re
UAE focusing on new laws to boost investments
31/8/2010 - The UAE Ministry of Economy is in the process of finalizing the 12 new laws that are to form a part of the plan to modernize the legislative system and improve the business environment, inline with th
Increase in property ownership among GCC nationals in UAE
31/8/2010 - The Ministry of Finance has released statistical data for 2009, pertaining to the Gulf Common Market (GCM), which proves that UAE is at the forefront of the GCC nations in GCM integration.

The

Sharjah mulls granting permits to non-GCC nationals for owning of properties
13/8/2010 - Sharjah is considering the positives of permitting non-GCC nationals to own property in the emirate, it is said.

The Head of Research and Consultancy at CBRE (CB Richard Ellis), Matthew Green, s

Offenders of housing fee regulation likely to be blacklisted
12/8/2010 - The Dubai Municipality may blacklist those breaking the housing fee regulation, although no such proposal has been finalized at present, said a senior official who spoke to the media.

The Head of Ho

Mubadala, US group, launch new joint venture firm
19/7/2010 - Mubadala has signed deal with Pramerica Real Estate Investors, the real estate arm of US-based Prudential Financial, to launch a company to raise capital from investors to fund real estate projects in
Housing Fee in Dubai to be collected every month
7/7/2010 - Tenants in about 17,000 residential units in Dubai will now have to follow the new method of monthly payment of housing fee, as announced by Dubai Municipality to bring about uniformity in fee collect
Nakheel announces second phase of debt payments to creditors
2/7/2010 - Nakheel, the real estate giant in Dubai, has begun paying out the second phase of cash and securities deal.


The Nakheel Chairman, Ali Lootah, in his statement, mentioned that the com

Under-declaration of housing fee may lead to legal action
11/6/2010 - The Dubai Municipality has released a lawsuit for residents who under-declare their rents so as to pay a lower housing fee.

An official at the Municipality announced that legal action will be ta

Burj Khalifa announces service charges for the year
7/6/2010 - The service charges for the current year in Burj Khalifa the tallest tower in the world, has been established at Dh.52.77 per square feet for residential units, and Dh.55.70 per square feet for office
Housing fee mandatory since January 2011
31/5/2010 - The Dubai Municipality has announced mandatory housing fee, beginning 1st January 2011, aiming to bring in about 300,000 unit occupants evading the fee, a top government official said.

The Direc

New Rent Dispute Resolution Committee established in Abu Dhabi
5/4/2010 - Abu Dhabi residents can now settle their rent disputes quickly and amicably with the establishment of a rent dispute settlement committee.

This is in accordance with an ordinance issued by Shaik

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