Property in Dubai
Dubai Real Estate News
Beginning 25th January 2014, Ras Al Khaimah will begin to implement a new unified lease contract, making it the official rental document, as accredited in all government agencies in the emirate.
Located at the gateway to Saadiyat Island in Abu Dhabi, the new Al Nadi Tower is a new massive sculpture, overlooking the Al Mariya Island and Al Reem Island.
In a bid to attract more investors into its real estate sector, Abu Dhabi has announced property ownership to foreigners on a freehold basis in designated investment zones.
The Dubai Multi Commodities Centre (DMCC) has announced plans to engage service and utility providers in the emirate by early next year to ensure timely and successful completion of Burj 2020, the worlds tallest commercial tower.
Damac Properties, the largest luxury real estate developer in the region, has announced that its first luxury-serviced apartment project in Dubai has been completely booked, on its opening weekend.
Dubai continues to remain the hottest real estate market in the world with prices growing fastest this year, in comparison to the 41 global cities, revealed a UK-based Global Property Guide.
Largest real estate developer in Dubai, Emaar Properties, has announced a joint venture project, with Dubai World Central (DWC), to build hotels, malls and golf course communities, in proximity to World Expo 2020 site.
The Business Park project in Dubai by the leading regional property developer, Schon Properties, is on-track for scheduled completion by second quarter of next year.
A new deal has been signed between Emaar Properties and the Dubai World Central (DWC), the world’s first purpose-built aerotropolis, to develop an integrated urban centre and golf destination in a prime local at DWC, which will be home to Expo 2020 and the Al Maktoum International Airport (AMIA).
The Dubai developer Nakheel has awarded Dh174mn worth construction contract of two new beachfront projects on Palm Jumeirah.
Developers in Dubai can now register property transactions and complete the formalities within 12 minutes, in comparison to seven days required earlier.
The Dubai-based Tiger Properties has announced completion of Dh140mn Dana Tower, a residential project, built on total area of 250,000 sq ft at Jumeirah Village Circle.
Limitless is all set to begin construction of its first residential tower at The Galleries, with 323 units up for lease at the flagship project in Dubai.
The Dh 500mn Dubai Water Canal project contract to elevate the Sheikh Zayed Road above the course of Dubai Water Canal, and modify the road path, has been awarded by Roads and Transport Authority (RTA).
Winning of bid to host World Expo 2020 will further enhance the demand for office space in Dubai, which is gaining momentum from early this year, a new report said.
The Jumeirah Golf Estates, a luxury residential golf community in Dubai, is on-track to fulfil its commitment of handing over the initial 160 villas of the Whispering Pines portion of Phase A Earth zone over the coming few days, the company revealed.
Dubai will set up a new centre for quicker settlement of rent disputes in the emirate, it has been announced.
Emaar Properties, leading real estate developer early this week announced the launch of The Address Residence Fountain Views III, a fully-furnished residence project, in Downtown Dubai.
Dubai may shortly enforce amendments to its real estate law aimed at hastening procedures for settlement of real estate disputes between tenants and landlords and allow for an appeal within three days.
A joint venture between Deyaar Development and Dubai Properties Group, namely, Arady Developments, has announced the launch of a new 48-storey residential tower, which forms part of its prestigious Central Park project at Dubai International Financial Centre (DIFC).
With all sectors of the Dubai real estate market now gaining momentum in making a healthy recovery, real estate experts are wondering if the emirate would enter into another real estate bubble and what needs to be done to maintain a sustainable growth path.
The Dubai Land Department, in a view to protect the real estate market from speculators and to regulate the sector, is in the process of passing seven new property laws over the next two years, the Director-General of the department revealed.
UAE nationals form majority of property investors in Dubai, during first half of this year, while Indians are top expat investors, the Dubai Land Department (DLD) confirmed.
Nakheel, the leading real estate developer will begin work on The World Islands during first half of next year, as revealed by the Nakheel Chairman, Ali Rashid Ahmed Lootah.
Nakheel has warned the villa owners in Palm Jumeirah to stop leasing out units on short-term basis to private parties.