Year 2013 (106)Year 2012 (232)
December (22)
November (14)
October (12)
September (10)
August (17)
July (13)
June (15)
May (21)
April (33)
March (24)
February (26)
January (25)
Year 2011 (200)Year 2010 (194)Year 2009 (366)Year 2008 (251) November (14)
October (12)
September (10)
August (17)
July (13)
June (15)
May (21)
April (33)
March (24)
February (26)
January (25)
Emaar Purchased A Piece Of Land From Dubailand DevelopmentMonday, July 30, 2012 According to Emaar’s spokesperson, Emaar has purchased a piece of land from Dubai Properties Group (DPG). The land is located besides its Arabian Ranches Development.
Though the firm did not disclose the value of the property yet it said that it would develop the stalled land into a mixed use neighbourhood for Arabian Ranches Development.
Dubailand was one of the prime and attractive dev ... more |
Emaar Reports More Than Double Increase In His Profits In Q2Monday, July 30, 2012 According to news, Emaar released a statement on Sunday in which it reported more than double increase in the profits of the firm in Q2 compared to year-ago quarter. Emaar, which is the biggest real estate developer in Dubai and has a successful track record of constructing skyscrapers like Burj Khalifa, has declared a net profit of AED 614 m during three months ending on 30th June. In year ago qu ... more |
DPG Finalizes Land Deal With EmaarFriday, July 27, 2012 According to sources, the member of Dubai Holding, DPG (Dubai Properties Group) has finalized an agreement to complete Dubailand district with the other developer, Emaar Properties PJSC. The land for which the agreement has been finalized is located on the Al Qudra Road along the development of Arabian Ranches. This area where the plot is located is a well-established community of Emaar and will b ... more |
Rera Plans Disclosure Obligation Of Service Charges On Dubai LandlordsThursday, July 26, 2012 According to sources, Landlords in Dubai at the time of signing new rental agreement may soon be required to disclose the current status of their outstanding service charges. The legal consultant at DLA Piper firm mentioned that Real Estate Regularity authority in Dubai is considering the plan to impose such requirement on landlords but nothing can be said for sure, since full information about th ... more |
Dubai Rents Up 2% In Q2 - CBREThursday, July 26, 2012 According to second quarter report about Dubai real estate performance revealed that average apartment rents in Dubai have increased two percent but in posh communities such as Emirates Living and in Downtown Dubai, rents are increasing five to eight percent.
As compared to well-located communities, new residential communities are facing downward pressure with rental rates declining for instance ... more |
Average Size Of Properties Bought In H1 Shrinks By Half In DubaiThursday, July 19, 2012 |
Q2 Report Shows Increase Activity In Dubai Residential MarketTuesday, July 17, 2012 According to the latest Q2 report, a slight increase in the overall residential market activity in Dubai has been noticed due to increase in the supply in the second quarter of 2012. At the same time, limited new office supply has also entered in the market up till second quarter of 2012.
A consultancy firm confirms that almost 3,000 residential units were added to the residential stock inventor ... more |
RTA To Approve Maintenance Funds For Houses Affected By Dubai MetroTuesday, July 17, 2012 According to sources, Dubai’s RTA (Roads and Transport Authority) revealed on Monday that it has approved the repair and maintenance funds for houses affected by Dubai Metro operations. It highlighted that funds for refurbishment have been approved for 17 houses affected by the operations. It also showed its intention of constructing noise barriers which would not only muffle the sound or noise of ... more |
UAE Government Wins An Appeal To Extradite Con Seller Of Dubai Real EstateMonday, July 09, 2012 According to sources, the UAE government wins UK extradition case regarding a real estate scam operated in Dubai. The UAE government had made an appeal to extradite the scam artist who committed frauds with several buyers and run away to the UK with the money of investors.
The conman, named Sheeraz Amir, sold the same apartment in Downtown Dubai near Burj Khalifa to multiple buyers in 2009. The ... more |
New Tenancy Rules Lead Sharjah Rents To Decline By 6%Monday, July 09, 2012 According to Asteco, property consultant, rental rates of apartments in Sharjah have fallen by an average of 6% during Q2 due to the tougher tenancy rules introduced in May. The rental rates in some areas also fell by as much as 21%. The annual rents of Sharjah property, which is along the commuter belt in Al Nahdah and Al Khan, fell by 1% in Q2 as compared to Q1. Moreover, during the same time, a ... more |
Q2 Reports Show A Fall 15% In Abu Dhabi RentsThursday, July 05, 2012 According to the Q2 report, rental rates of Abu Dhabi residential properties fell by up to 15% as compared to first quarter. The reason is that new supply flooded the market. Up till now, a total of 7400 apartments and 1675 villas are added in the supply line in the rapidly expanding real estate market of Abu Dhabi. Due to this expansion, existing residents are instigated to upgrade their living s ... more |
Emaar Reports 80% Occupancy Levels In Burj KhalifaThursday, July 05, 2012 The developer Emaar, which is partly owned by the government of Dubai, has recently reported 80% occupancy levels in Burj Khalifa. It highlights that after only 2 and half years of its opening, the world’s tallest tower is now home to some 700 families. As per the developer, Burj Khalifa has maintained such high occupancy levels despite falling rental rates and property prices.
One of the spok ... more |
Q2 Brings Cheerful News about Dubai Rental RatesMonday, July 02, 2012 Q2 Brings Cheerful News about Dubai Rental Rates
A research from property consultants Asteco reveals an increase of 6% in cost of renting an apartment in Dubai in Q2 compared to previous quarter. Research also indicates an increase of 9% on average in villa rates during the same period.
Since residential real estate in Dubai is now indicating signs of recovery, the report also reveals an increa ... more |
