Property in Dubai
Dubai Real Estate News
The property sales values in Dubai city have dropped by 1 percent in the third quarter, and may soften further over the next quarter, say experts.
The new Real Estate Investor Protection Law which allows complete refund to investors, right to seek compensation, and such other rules, still awaits approval at the Rulers court, the Dubai Land Department (DLD) official revealed.
With robust growth in property sector, the real estate hotspots in Dubai are growing at a fast pace amidst continued interest from investors in newer areas which were otherwise not considered hot a few years ago, experts said.
Emaar, the largest developer in Dubai, is inviting bids for a commercial plot in Downtown Dubai, which will fetch at least Dh303 mn.
The Falconcity of Wonders (FCW), the multipurpose mega project being developed across Sheikh Mohammed bin Zayed Road, has signed deal with HyperPanda to open a retail facility at the Community Centre located in the Western Residences of Falconcity of Wonders.
Damac, one of the largest luxury real estate developers in Dubai, has announced the launch of a dedicated real estate initiative for UAE nationals.
Emaar Properties, the largest developer in Dubai, has sold 72 units in The Address Residence Sky View in Downtown Dubai with a 5-bedroom penthouse having been sold at Dh 23million, as per media report.
Leading Dubai-based real estate developer, Nakheel, has officially unveiled the Discovery Gardens Pavilion, a new shopping, dining and entertainment hub at one of the most popular communities in Dubai.
The Cityscape Global 2014 which concluded on 23rd September in Dubai, UAE, has been a major success with lead developers showcasing projects worth billions of dirhams and a record visitor turnout.
Indigo Properties will showcase their masterpiece development Zen during the forthcoming Cityscape Global Exhibition to be held in Dubai during the 21st to 23rd September 2014.
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.