|
|
|
Tuesday, January 06, 2009
Real estate developers in Dubai have begun offering innovative payments schemes to attract the captive end-user market in a bid to overcome the current crisis. Aristocrat Star Investments, a multi-diversified business group with a real estate investment portfolio in the Middle East, yesterday announced a new payment plan for its Royal Estates development, offering existing customers 90 months t... more
|
Tuesday, January 06, 2009
Dubai Investment Properties (DIP), the leading real estate developers in UAE, has launched its exclusive multi-million ‘Sunset’ mixed-use development project in Dubai. Speaking to Khaleej Times Ani Vladi, Marketing Manager of Dubai Investment Properties, said: The Sunset mixed-use development is scheduled for completion in the first quarter of 2009, however, the residential quarters might take ... more
|
Tuesday, January 06, 2009
Dubai-based developer Sweet Homes has awarded a Dhs450m ($123m) contract to Sharjah-based Master Civil Construction Company for the construction of Towers B10, B14 and B15 - three out of the nine towers comprising its Dhs1.7bn 'Rainbow Towers' project. The move follows the completion of an Dhs12 million shoring and excavation contract undertaken by Piling Tech LLC for the initial groundwork of ... more
|
Monday, January 05, 2009
The merger of two largest Islamic mortgage providers in the UAE - Amlak Finance PJSC and Tamweel PJSC into a newly created $8 billion lender will ensure the mortgage business thrives in the country in the years ahead, investment bankers told Gulf News on Sunday. Although there is no direct economic added value to be derived out of the merger, placing both companies under one entity is the ideal... more
|
Monday, January 05, 2009
A real estate regulatory authority will be established in Abu Dhabi within the next few months, Dr Jawaan bin Salem Al Dhahiri, Chairman of the Municipal Affairs Department in Abu Dhabi told Khaleej Times. The aim of setting up the authority, the first of its kind in the emirate, is to chalk out an integrated system that streamlines property rent, sale and purchases, including suggesting legisl... more
|
Monday, January 05, 2009
Emaar's flagship development, the Burj Dubai, has reached a height of 818m according to a project contractor. The spire was erected on the world's tallest building at the end of December and the capping beacon has since been activated.... more
|
Wednesday, December 31, 2008
There will always be a role for ‘middlemen’ in negotiating new tenancy contracts, said the Director-General of the Real Estate Regulatory Authority (RERA), Marwan bin Ghalita, while seeking to allay the fears of leasing agents that they could be left out of the move to measure average rental prices. The leasing agents raised concern after RERA announced that all tenants in Dubai must register t... more
|
Wednesday, December 31, 2008
Dubai's Real Estate Regulatory Agency (Rera) has issued a new rule which says developers can collect no more than 20% of the cost of a property from a buyer until construction begins, reported Emirates Business. 'We have sent out letters to 100 developers - as well as having meetings with them and lending banks and institutions - telling them to take payments from buyers worth only up to 20% of... more
|
Tuesday, December 30, 2008
Sweet Homes, a UAE based property developer has announced that it has sold out 70 per cent of Dh3 billion ‘Ajman Uptown’ the first freehold residential township in the emirate, despite 40 per cent property price hike in 2008. Ajman, the third largest property market in the UAE, saw the emirate’s investments into the vibrant property sector cross Dh400 billion mark this year, which augurs well f... more
|
Tuesday, December 30, 2008
Danube Building Materials says it has generated Dhs1.1bn ($300m) in sales revenues during 2008, according to a press statement. This represents a 70% increase compared to 2007. Officials said they were confident in the company's ability to ride out the recession, and expected to secure a 30% rise in revenues for next year.... more
|
Tuesday, December 30, 2008
Investments into Ajman's property sector have crossed the Dh400 billion mark, according to reports. Despite deflated markets around the world and also here in Dubai, such robust figures mark a good year ahead for Ajman and its investors. Property prices also saw an overall appreciation of 40 per cent in 2008. Fahad Sattar Dero, chief executive of Sweet Homes, also developing in Ajman, said his ... more
|
Monday, December 29, 2008
The Habitat the first 'green' building in the UAE emirate of Ajman has been unveiled by Modern Life Properties, according to a press release. Features of the 45-storey building include use of recycled and environmental friendly building materials, efficient use of water and water recycling, a building management system to control the flow of carbon dioxide and maintain optimum indoor air qualit... more
|
Monday, December 29, 2008
The Real Estate Regulatory Agency (RERA) has opened an online facility for the registration of rent contracts, a media release said on Sunday. Currently the rent contracts could be registered by visiting the RERA office. The user of the online facility should have the plot number and community, tenancy period and amount, passport number, visa number (if required) and the DEWA consumer account n... more
|
Monday, December 29, 2008
No more freelancers will operate in Dubai's property sector as all real estate licensing procedures are now set to be operated under one, uniform system, according to an agreement signed by the Department of Economic Development (DED) and Dubai's Real Estate Regulatory Authority (Rera). As real estate plays such a big role in Dubai's economy, the introduction of a new system will make licensing... more
|
Friday, December 26, 2008
Trident International Holdings (TIH) yesterday said it has handed over its second freehold residential project in Dubai - Bayside Residence - a luxurious residential development in Dubai Marina - this month in what is perceived as a challenging time for the real estate market. TIH has delivered four out of its six projects to customers in a market marred by project delays. Projects like Trident... more
|
|
|
