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Deyaar To Hand Over Four Projects This YearMonday, January 30, 2012 Dubai: Dubai developer Deyaar is due to deliver four major projects this year, including three towers in Business Bay, one of the emirate's hardest hit areas during the property downturn.
The projects, which include Fifty One @ Business Bay, the Burlington, Oxford Tower — all commercial properties located in Business Bay — and Oakwood Residency, a residential prop ... more |
Inheritance Laws In UAE Remain UnclearMonday, January 30, 2012 Dubai: While the UAE waits for stability in its real estate marketplace, there are a few ambiguities that property investors are still living with. One concern that is yet to be resolved relates to the status of such assets upon an investor's demise.
Can the property ownership rights pass smoothly on to the rightful heirs named in the deceased's will?
... more |
Further Laws Needed To Attract InvestmentFriday, January 27, 2012 A straw poll of business leaders in the region suggests that it took anything between one to three months for the contagion of the global financial meltdown to make its way from the epicentre, Wall Street in New York, to the warm shores of the UAE. Whatever your view on how, why and when the downturn actually happened, it doesn't take an economist to understand the colossal collapse of the real es ... more |
Abu Dhabi Hotels Surpass Growth Target By 6.5%Tuesday, January 24, 2012 More than 2.116 million people stayed in Abu Dhabi’s hotels in 2011, beating its target for the year by 6.5 per cent, as the emirate continues to emerge as a key tourist and transit hub in the region. According to the Abu Dhabi Tourism Authority, or Adta, annual growth was recorded across a number of key metrics, including guest nights, which were up 22 per cent at 6.3 million; occupancy levels, w ... more |
Dubai Property Outlook Mixed In 2012, Says JLLTuesday, January 24, 2012 Although average prices in Dubai's residential property sector will continue to slide in 2012, home values will rise in certain parts of the emirate as the market becomes increasingly polarised, according to a new report by Jones Lang Lasalle.
With buyers becoming more selective and having more options to choose from, property prices in Dubai are expected to rise in some areas but remain stable ... more |
Al Habtoor Reveals Latest Landmark DevelopmentTuesday, January 24, 2012 DUBAI - The Al Habtoor Group revealed on Wednesday, in a Press conference held at the Metropolitan Hotel, the launch of one of the region’s biggest and most luxurious hotels & entertainment development to be built on a prime location on Sheikh Zayed Road.
This new complex will be built on the one million square foot property opposite Al Safa Park that currently houses one of Dubai’s first hotel ... more |
Nakheel Collects Dh26m In Shoreline Service FeesTuesday, January 24, 2012 |
Dewa Holds Forum For ProjectsTuesday, January 24, 2012 |
Abu Dhabi Real Estate Deals Hit Dh43b Last YearTuesday, January 24, 2012 Abu Dhabi: Nearly Dh43 billion worth of real estate transactions were made in the capital last year, Abu Dhabi Municipality announced yesterday in a statement. This included Dh3.7 billion worth of land sales as well as mortgage transactions of about Dh39 billion.
The deals are a 5 per cent increase over the Dh41 billion in real estate transactions recorded by the ... more |
Real Estate Clouds Bear Silver Lining For Cayan DevelopmentsFriday, January 20, 2012 Dubai: When Cayan began handing over flats in its Silverene project in Dubai Marina late last year, it was a rare success story for the real estate sector.
The construction began in 2009, at the height of Dubai's real estate market turmoil, but now has 425 of 500 keys handed over. At the beginning of 2012, the project is actually seeing rents rising, says Cayan CE ... more |
New Initiative To Boost Old Buildings' EfficiencyFriday, January 20, 2012![New Initiative To Boost Old Buildings\](http://www.bayut.com/property/common/resize.php?img=100/1083.png&d=45 "New Initiative To Boost Old Buildings\") Abu Dhabi: A continuing 13-year initiative is set to reduce energy consumption in existing buildings across the capital by 30 per cent, senior officials announced on the sidelines of the World Future Energy Summit on Wednesday.
The project, which started last March, aims to increase the efficiency of existing cooling and lighting systems in over 2,700 buildings in ... more |
The Business Value Of SustainabilityFriday, January 20, 2012 The concept of sustainable development is gaining a lot of attention. Yet, it is intriguing to note that there are still many business enterprises that are unable to fully grasp the underlying principle or the benefits.
Such companies simply fail to understand the business dimension of sustainability, which they consider more of a burden than a benefit. The indiff ... more |
Union Properties In Debt Deal With EnbdFriday, January 20, 2012 Dubai: Dubai's Union Properties has reached a Dh3.8 billion debt deal with major shareholder Emirates NBD, the developer's chief executive told the Al Bayan newspaper yesterday.
The real estate firm will transfer assets worth Dh1.1 billion to the bank, Dubai's largest by market capitalisation, which will now own a significant percentage of two developments in Duba ... more |
Habtoor To Build Hotel Complex In Metropolitan Hotel SiteFriday, January 20, 2012 Dubai: A three-hotel complex will rise on the Metropolitan Hotel site in Dubai, Habtoor announced on Wednesday.
The complex will have 1,616 rooms, a banqueting hall with 60,000 square feet of space, and a theatre to recreate Vegas-style shows - a first in the Middle East.
It will also feature a sports academy. Work wil ... more |
Abu Dhabi Rents Likely To Continue FallingMonday, January 16, 2012 Abu Dhabi: Landlords are being forced to introduce special deals and lower rates in order to attract tenants as new projects come on stream in the capital, a report has said. And the study, by property advisory group Tasweek Estate Marketing and Development, found that the trend is likely to continue as prices in the capital continue to fall. "These include the waiver of the annual 5 per cent rent ... more |
After Torch, Select Group Focuses On Ras Al KhaimahFriday, January 13, 2012 Having completed and handed over the world's tallest dedicated residential high-rise — The Torch with 86 floors — its developer is turning to unfinished business in Ras Al Khaimah. The Select Group has an ongoing project called the Pacific, featuring a cluster of six mid-rise buildings, in the northern emirate. The topping out for all six properties is complete and the rest of the work is, accordi ... more |
Real Estate Companies Will Be Trained In Corporate GovernanceFriday, January 13, 2012 Dubai: Property companies based in the emirate are to receive new training in an attempt to boost transparency and enhance foreign investment in the market, the Real Estate Regulatory Authority (Rera) said yesterday. The training, which begins later this month, is centred around the implementation of the governance charter and will be conducted in three phases. Rera is the regulatory arm of the Du ... more |
Shaikh Zayed Road Units Elusive No MoreFriday, January 13, 2012 For Dubai, this elite strip of road can be none other than Shaikh Zayed Road. It is the place to be for offices and residences alike. Most major cities in the world have one particular strip of road, a main thoroughfare, so to speak, which is considered the city's lifeline. It could be the business hub where most major banks, corporate entities and firms have their head offices. Real estate here i ... more |
Realty Remains Stagnant As Deliveries LagWednesday, January 11, 2012 Dubai: Property sale and rental activity across Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah was minimal in the fourth quarter of 2011 as problems with electricity and water supply and sewage continued to slow the pace of supply, according to a recent report by Asteco.
The residential and commercial market was stagnant for the second half of 2011 and ... more |
Abu Dhabi's Aldar Says Repaid $1.2b Bond On Time In NovWednesday, January 04, 2012 |
Nakheel Can Restrict Palm Beach AccessWednesday, January 04, 2012 Dubai: Nakheel has the right to prevent residents at the Shoreline Apartments on the Palm Jumeirah from using the beach if landlords don't pay the service charges — but they cannot prevent tenants from using the pools and the gym, a top government official told Gulf News.
Sultan Butti Bin Mejren, Director-General of the Land Department, added that Nakheel ha ... more |
Nakheel Claws Back Dh15 Million Since Shoreline LockoutWednesday, January 04, 2012 Dubai: Property developer Nakheel has issued a statement denying it is locking out paid up residents of Palm Jumeirah Shoreline Apartments to its beach clubs, while admitting its 'name and shame' strategy has enabled it to claw back AED 15 million in unpaid maintenance charges.
In the statement released on Tuesday the company reiterated its position regarding ... more |
Al Harsousi Named CEO Of Al Qudra HoldingsWednesday, January 04, 2012 |
Dubai Realty In Recovery Mode With Sales Rising 20% In 2011Wednesday, January 04, 2012 Dubai: The Dubai Land Department has revealed that sales of land and property rose 20 per cent in 2011.
The department recorded 35,297 transactions worth Dh143 billion last year, a 20 per cent increase over 2010, and government officials predicted that the market was set to bring in more foreign investment in 2012.
&qu ... more |
Dubai Records Land Transactions Worth Dh143bWednesday, January 04, 2012 Dubai: Dubai Land Department has recorded 35,297 transactions worth Dh143 billion last year, a 20 per cent increase in value over 2010 records, a statement said.
The transactions include sales, mortgages, ijarah, mortgage portfolios, deferred sales and other transactions.
Sultan Butti bin Mejrin, Director General of th ... more |
