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Dubai is all set to house the first tropical Rainforest in the Middle East, as the emirate continues its drive to attract tourism from all over the world.
Several global real estate consultancies in Dubai have predicted a decline in rentals this year, but, Reidin Housing Market Sentiment Index Survey has predicted a rental decline in the first quarter of the year itself.
Owing to mounting rents last year, majority of companies in the UAE are said to be reviewing their housing rent allowances given to employees to help them protect against the annual spend on accommodation.
A total of 42 homes are being developed by the Kleindienst Group on the Monaco Island, which form part of Heart of Europe project on World Islands, with about 20 of the properties owned by the firm Privilege Dubai.
The 20th edition of Gulfood, the worlds largest annual food and hospitality trade show, has been unveiled by Sheikh Hamdan bin Rashid Al Maktoum, the Deputy Ruler of Dubai and Minister of Finance and Industry.
Dubai continues to be the most dynamic city in the Middle East for second year in a row, according to a global survey, which involves ranking of cities based on their real estate dynamic and social-economic factors.
After a long period of uncertainty and frustration, the owners and former residents of Tamweel Tower in Dubai, can heave a sigh of relief, as the building is likely to be made liveable within a period of eight months from now.
About 50 projects have been launched in the off-plan market across Dubai last year, and these will add 13,000 new housing units into Dubai property market, a report said.
The largest integrated commercial, industrial and residential community in the Middle East, the Dubai Investments Park (DIP) has so far spend more than Dh 4billion in building and elevating its infrastructure to meet world-class standards.
A new app launched by the Interior Ministry in UAE, enables customers to pay the requisite fee for obtaining long-term, short-term and domestic workers visit visas without the need to visit the related centres.
As per the latest quarterly report issued by the MPM Properties, the real estate consultancy arm of Abu Dhabi Islamic Bank (ADIB), it has been found that 2014 has been a year of growth for Dubai real estate market.