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World's Tallest Residential Tower Set To Welcome Occupants SoonFriday, April 29, 2011![World\](http://www.bayut.com/property/common/resize.php?img=100/899.jpg&d=45 "World\") Dubai's property market has had its share of tall claims from developers, with many of them never making it beyond the drawing board. But this developer has certainly delivered on its promise. At 348 metres and 86 floors, The Torch in Dubai Marina has won formal recognition as the world's tallest residential tower, surpassing the earlier claimant, the Q1 Tower in Australia's Gold Coast (323 metres ... more |
55,000 ADCP Units Registered With TawtheeqThursday, April 28, 2011 About 55,000 units of properties of the Abu Dhabi Commercial Properties (ADCP) have been registered with the Tawtheeq System, a recently launched municipal project for registering leasable properties and lease contracts.
The ADCP properties were registered as part of a Memorandum of Cooperation (MoC) signed between the ADCP and Abu Dhabi Municipality, officials told a press conference yesterday. ... more |
Rera Rules Investors Can't Be Forced To Switch From On Hold ProjectsMonday, April 25, 2011![Rera Rules Investors Can\](http://www.bayut.com/property/common/resize.php?img=100/897.jpg&d=45 "Rera Rules Investors Can\") Dubai's Real Estate Regulatory Agency (Rera) has said investors cannot be forced by developers to switch over to another project if the project where they had originally invested, is put on hold, Emirates 24-7 has reported. "Investors always need to go back to their contract and check how does it deal with delay project since it is a contractual agreement between both parties. We always support am ... more |
Developers In Abu Dhabi Strive To Arrest Decline In PricesFriday, April 22, 2011 Project delays could play out favourably as Abu Dhabi's property market — and its developer-landlords — hope to slow down the decline in values. Against the projected 22,000 new units to be delivered this year, the market would have to settle for something much lower. But unlike in Dubai where developers have made wholesale exits from announced projects — or got the Real Estate Regulatory Agency t ... more |
Diamond Developers Will Build First Sustainable City In DubaiThursday, April 21, 2011Diamond Developers yesterday announced that it had put the final touches on plans to develop the first sustainable city in Dubai in line with the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. It will accommodate 2,500 families including a compound of government departments, a university including three faculties and t ... more |
ADNEC Unveils New Waterfront Development In CapitalWednesday, April 20, 2011 Abu Dhabi National Exhibitions Company (Adenc) has unveiled Marasi Village, a luxury waterfront development comprising 81 luxury villas for sale to UAE nationals. Marasi Village is located on the shore of the Al Bateen Channel near the iconic Capital Gate tower and the Abu Dhabi National Exhibition Centre — a commercially significant area of strategic importance in Abu Dhabi's future growth plan. ... more |
Aldar Properties Wins Big At Cityscape AwardsTuesday, April 19, 2011 Abu Dhabi-based master developer Aldar Properties emerged the big winner at the fifth edition of the annual Cityscape Awards for Real Estate in the Middle East. Aldar Properties won prizes for achievements in commercial, residential and urban planning. The awards, which recognise achievements in architectural innovation, developmental brilliance and sustainability in project design and operation, ... more |
Hundreds Of Building Projects In Dubai Face Cancellation: ReraThursday, April 07, 2011 Hundreds of construction projects in the city, totalling up to 90,000 units, are facing cancellation and government scrutiny to stop property prices from plummeting further, a top property regulator said. In an exclusive interview with XPRESS, Marwan Ahmad Bin Galita, CEO of the Real Estate Regulatory Agency, Director of Customer Relations at the Dubai Land Department, said the review of real esta ... more |
Construction Begins On Fujairah City CentreWednesday, April 06, 2011 Construction work has started on a new City Centre mall in the emirate of Fujairah that is being developed by Dubai-based Majid Al Futtaim Properties, in partnership with the government-owned Fujairah Investment Establishment. Set for completion in the second quarter of 2012, the Fujairah City Centre is located at the intersection of the new Fujairah - Dubai highway and is planned to accommodate a ... more |
Habtoor Leighton Wins Dhs400m Adib ContractTuesday, April 05, 2011 Al Habtoor Leighton Group (HLG) has been awarded a Dhs400m contract by Abu Dhabi Islamic Bank for the construction of the lender's new headquarters in the UAE capital. HLG will be responsible for the construction of two towers comprising ground floor, mezzanine level and 12 upper floors, as well as four levels of basement parking. A section of the ground floor will house the bank's flagship retail ... more |
Negotiating Tenancy Pacts With LandlordsFriday, April 01, 2011 As increasing numbers of completed office and retail units come into Dubai's real estate market, end-users are faced with more choice. Some who wish to lease real estate (as opposed to purchase) are finding that this burgeoning choice means they are enjoying greater power in their negotiations with landlords. We consider the lease clauses that are likely to be the focus of negotiations between the ... more |
