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Dubai Real Estate News

Will theme park projects pose a challenge to Global Village entertainments?
26/3/2015 - The Global Village is heading towards conclusion of another successful season, and with more than five million visitors being welcomed in its 19th edition, the event is likely to draw curtains on 11th April, after an eventful year.

Major expo projects to keep Dubai property sector ticking
26/3/2015 - The mega tenders awarded in 2014, and those still underway, are the ones keeping the construction sector ticking in Dubai, while also compensating for any sluggishness in awarding the projects this year.

Dubai Investments Park to house 15,000 residential units on completion
16/3/2015 - The Dubai Investments Park (DIP) has announced more than 1,150 housing units, including townhouses, single, double, and triple bedroom and studio apartments that are now under construction within the development.

Damac launches Jewel in Crown luxury villas at Akoya
12/3/2015 - Leading luxury real estate developer, Damac Properties, has launched the Jewel in the Crown luxury villas and mansions at its Akoya master development in Dubai.

Mandatory affordable housing quotas may be a welcome move
9/3/2015 - The Dubai Municipalitys proposal to introduce mandatory affordable housing quotas for all new residential developments is long overdue, and it is likely to bring in a range of benefits to the UAE emirate and will drive in more maturity into the market, says leading international real estate consultants, Cluttons.

Dubai residential prices dip, while industrial sector posts growth
5/3/2015 - The residential prices in Dubai have decreased during the first six weeks of the year, in comparison to the previous quarter, as international demand fell, said a report.

Downtown Dubai area houses most expensive properties
2/3/2015 - This Dh 55million apartment with an indoor pool located just yards away from the dining area and kitchen may the right place for many who fancy a dip in the pool while cooking.

Underwater Villas on sale at World Islands
9/2/2015 - 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.

Finally, Tamweel Tower likely to be revived by the year-end
5/2/2015 - 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.

Additional fee imposed on expat family visas
2/2/2015 -

Expats seeking family visas will henceforth have to shell in an additional Dh220 to open the file at the General Directorate of Residency and Foreign Affairs (GDRFA).

Housing prices in Dubai like to fall by 10 percent this year
2/2/2015 -

Prime residential prices in Dubai, UAE, are likely to see a drop of 5 to 10 percent, while rentals are likely to increase by 5 percent, due to steady influx of fresh housing stock, a report said.

Dubai Property Market to get 13,000 new housing units this year
29/1/2015 - 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.

Dubai property market records growth in 2014
26/1/2015 - 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.

Dubai developers continuing with off-plan launches
22/1/2015 - Developers in Dubai are moving ahead with off-plan launches as they are of the opinion that it would be better to go ahead with launches now, rather than await favourable circumstances.

Dubai residential sector to remain subdued in 2015
19/1/2015 - The property sector in Dubai ended on a quiet note last year, as all segments of the market, including residential, office, retail and hotel sectors recorded subdued growth levels in the fourth quarter of the year.

Al Khail Avenue now open for lease
15/1/2015 - Nakheel is all set to launch a new shopping, dining and entertainment space at Al Khail Avenue, the latest project in the company’s growing retail portfolio.

UAE second most expensive country for construction in GCC region
15/1/2015 - The International Construction Cost Report of 2014 recently revealed the world’s most expensive countries in the field of construction and, what it means for the year 2015.

Dubai residents favour current real estate laws
12/1/2015 - Residents in Dubai have shown wide support for current laws and regulations governing real estate in the country.

Dubai property sector will be a mature market in 2015
8/1/2015 - The Dubai real estate sector will continue to emerge as a mature market in 2015, with real demand now coming from end-users and long-term investors, said Chairman of Emaar, Mohammed Alabbar.

Investors to pay 4 percent upfront registration fee to developers
8/1/2015 - Developers in Dubai are seeking off-plan real estate buyers to pay registration fee of 4 percent of contract value at the time of booking.

Nakheel to lease out office & retail space at Golden Mile
5/1/2015 - Nakheel will begin leasing of retail, office and dining space at Golden Mile of Palm Jumeirah in Dubai, which forms part of rapidly-expanding retail development portfolio of Nakheel.

14,000 projects under construction in Dubai
5/1/2015 - More than 14,000 buildings are now under construction in the emirate of Dubai, says a top official of Dubai Municipality, which has helped restart more than 70 held-over projects.

Nakheel invites bids for Deira Island projects
31/12/2014 -

Leading Dubai developer in the region, Nakheel, has invited bids to build a night suq and boardwalk at Deira Islands development in Dubai, UAE.

Nakheel confirms tender for Deira Islands Mall
23/12/2014 -

Nakheel has confirmed tenders for the Dh.

Dubai Grade-A Offices in high demand
16/12/2014 -

The Grade A fitted-out offices in Dubai are in high demand, as they get leased out at favourable rates within a week or two.

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