Tuesday, September 02, 2014
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Property in Dubai

Dubai Real Estate News

Demand for office space to gain momentum through World Expo 2020
28/10/2013 -

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.

Jumeirah Golf Estates on-track for 1st phase Whispering Pines villas
8/10/2013 -

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 to establish new rent dispute centre for quicker settlements
23/9/2013 -

Dubai will set up a new centre for quicker settlement of rent disputes in the emirate, it has been announced.

New serviced residences unveiled by Emaar at Downtown Dubai
17/9/2013 -

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.

Fresh amendments to real estate law likely soon
12/9/2013 -

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.

New 48 storey Central Park tower to go on sale from mid-September
3/9/2013 -

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).

Dubai property market gains healthy recovery with 63% year-on-year growth
15/8/2013 -

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.

Dubai to issue seven new property laws within next two years
6/8/2013 -

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.

Indians among top expat investors in H1 2013
1/8/2013 -

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 to commence work on The World islands early next year
25/7/2013 -

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.

Villa owners warned to stop short-term leases
18/7/2013 -

Nakheel has warned the villa owners in Palm Jumeirah to stop leasing out units on short-term basis to private parties.

JBR construction work dampens popularity among buyers
15/7/2013 -

The construction work currently in progress in Jumeirah Beach Residence (JBR) has dampened the popularity of beachfront master community among its tenants and buyers, a new report said.

Buying home in Dubai six times cheaper than in Hong Kong and Singapore
4/7/2013 - An international property consultancy, Knight Frank, has already ranked Dubai as the hottest property markets in the world.

DPG builds 236m tunnel linking Business Bay creek and Jumeirah
28/6/2013 -

Dubai Properties Group (DPG) has invested heavily in infrastructure and services in the Central Business District, with the mixed-use projects outnumbering commercial and residential projects in Business Bay, the Central Business District of Dubai.

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.

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.

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.

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.

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.

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 unveils Dh 10mn recreation club at Jumeirah
8/2/2011 - Nakheel, the Dubai Master Developer, last week unveiled the Dh.

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.

$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.

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 Day.

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 Dhabi into high-end residential and commercial complex.

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