Property in Dubai
Dubai Real Estate News
Dubai has emerged as the second hottest property market in 2012, according to latest publish by Forbes.
The Meydan Group, together with Sobha Group has formed a joint venture to develop a major leisure, retail and residential complex, adjacent to the downtown area in Dubai, it has been revealed.
Dubai Sustainable City project by Diamond developers in Dubai will be the only master community in Dubai, wherein property owners will not have to pay service charges or utility bills.
Emaar Properties began sale of their apartments in their luxurious twin-tower project, named Burj Vista, located in Downtown Dubai.
The construction work on Nakheels new community centre in Discovery Gardens is in full progress, while the entire 6000 sqm of available shop space are now being booked by retailers and restaurants.
Dubai has been ranked among the 20 most expensive residential real estate markets in the world, according to latest annual Wealth Report produced by Knight Frank.
Nakheel is working on expanding its Palm Jumeirah project portfolio, with the launch of Azure Residences, a collection of beachfront apartments and dining outlets overlooking the Arabian Gulf and Dubaiís world-famous landmarks.
DAMAC Managing Director, Ziad El Chaar, yesterday unveiled details of a new tower, named Residenze tower, in Dubai Marina, which will be designed together with Fendi, the Italian luxury brand.
Serviced apartments in Dubai may offer double-digit annual returns to investors, as they aim to acquire developments or convert existing idle commercial office blocks into service properties, said Nick Levitt, Head of Commercial banking, UAE.
The resurgence in the Dubai property market over the past year has got it the rank of being the strongest housing market in the world, according to Global Property Guide.
The real estate market in Dubai will grow at a steady and stable pace in the coming year, offering solid investment opportunities for the savvy investor, say industry pioneers.
Nakheel, the leading Dubai-based developer awarded contract worth Dh 500mn for development of 381 Legacy Villas in Jumeirah Park master community to two contracting companies.
Emaar Properties, the leading Dubai developer, has announced special offer for customers seeking to own a premium home at The Address The BLVD, the newly launched hotel and serviced residences in Downtown Dubai.
Largest developer in Dubai, Emaar Properties, revealed that will shortly begin expansion of Dubai Mall, by building a new high-street boulevard-style retail destination.
The prices of villas in Dubai have grown by 23 percent over the past year, while the market has bottomed out now, says Jones Lang LaSalle (JLL) in its latest Fourth Quarter 2012 report.
With increase in high-rises, the Dubai Municipality will implement the revised Wind Code for construction of any new building in Dubai.
Dubai real estate market has witnessed a mini-revival, driven by huge refugee capital, reports Citibank.
The Meydan City Corporation has invested Dh.
Leading Middle East real estate developer Tameer, has announced that its Imperial Residence development is on track for delivery by first quarter 2014.
The Lakeside Residence in JLT by Al Manal Development, the only project that to have received funding under the Tayseer initiative is finally ready for hand-over.
The prices of beachfront properties have grown 15 to 20 percent starting from mid-last year till date, revealed Elen Manukyan, Senior Residential Consultant, JBR Office, Better Homes.
The tallest residential building in the world, the 414 meters Princess Tower, has finally been delivered by its developer, Tameer, following years of preparation, construction and financing, when the economic downturn had led to cancellation of several other projects.
The high-rise towers in Downtown Dubai are more popular than the Old Town area, as revealed by property experts.
One of the largest real estate developers in the region, Aldar Properties, is planning to develop affordable housing, as part of its plans to meet the demand in all aspects of housing requirements in Abu Dhabi, a senior official said.