Property in Dubai
Dubai Real Estate News
The rate of growth in property prices in Dubai has slowed down in the second quarter 2014 after having shot up by more than 20 percent in 2013, said Colliers International.
The first edition of Smart Living City Dubai 2014, a biannual event which focuses on local and international smart start-ups, will be held on 15th and 16th September at Jumeirah Emirates Tower.
Buroj Property Development, a leading real estate development company plans to develop 10 serviced apartments across Dubai by next year, driven by the expected 25million visitors to arrive in Dubai by 2020.
Despite the slow growth in property prices and decline in transactions, Dubai developers are continuing to launch fresh projects.
Affordable housing in Dubai may soon be a reality with Tasweek, an Abu Dhabi-based developer, having revealed plans to launch an affordable housing complex project by the year-end, which would coincide with its plan to launch the Dh.
The Dubai Investment Park (DIP), a wholly-owned subsidiary of Dubai Investments has leased at least 95,000 sq ft of warehousing facilities during the first half of the year.
A single bedroom apartment in Dubai costs Dh.
More than 300 investors from Qatar, Kuwait, India, Pakistan, Russia and CIS countries flocked to view the latest project launch by Damac, which took place in six venues across the UAE yesterday.
The booming residential real estate market in Dubai is now showing signs of slowing down, with government having stepped in to curb speculative buying, which will have an impact on the market, and higher prices begin to affect demand, said JLL (Jones Lang LaSalle) in their report.
Nakheel has announced its new gated master community comprising 1000 villas in Dubai, as part of its hospitality, leasing and retail business expansion strategy.
The details of a new 75-hectare mixed-use development project worth $4bn at Mohammed bin Rashid Al Maktoum City in Dubai, has been announced by Sobha Developers yesterday.
The Director General of Dubai Land Department, Sultan Butti Bin Mejren, has confirmed that there is no increase in property registration fee in Dubai.
Tenants and prospective purchasers in Dubai have begun looking out for peripheral Dubai communities, as prices in some of the most popular locations in the emirate are out of reach for them, a new report reveals.
For the first time, leading Dubai-based master developer Emaar has granted permission to its residents in certain communities to build an additional room in the garden of the villas.
The prime residential rent rates have seen the strongest growth worldwide in Dubai by 6 percent during the first quarter of the year, followed by 5 percent increase noticed in Tokyo, a recent report said.
The Dubai RTA (Roads and Transport Authority) has announced that work is gathering pace at the Jumeirah Corniche project, with 55 percent of work already complete.
The upscale properties in Dubai are not growing in value as they used to.
Leading regional developer, Schon Properties has signed pact with Xanadu Real Estate Development to obtain Dh 339mn funding for its Dubai Lagoon Project, due to be one of the best master development communities in Dubai.
RAK Properties has announced the launch of their new Bermuda Villas project, which form part of the companys master development project, Mina Al Arab, the latest waterfront community in RAK.
According to latest data published by business intelligent service, about 744 real estate developments, worth a total of $123bn are currently under progress in Dubai.
Real estate prices in the UAE are showing signs of stabilization following strong growth over the past two years, particularly in Dubai and a huge dip in prices is unlikely in the short term, a report said.
With Dubai having won the bid to host Expo 2020 in November, there has been an extraordinary growth noticed in the emirates real estate sector, with residential market growing rapidly, recording its strongest five-year growth, the report said.
The Tecom Business Parks which include the Tecom Investments’ nine free zones have announced new developments worth Dh 1bn, which strengthens its position as the leading business communities in the region, thereby reflecting its growth momentum in comparison to the past year.
The futuristic Meydan Racecourse in Dubai becomes the centre of horse-racing universe once a year.