Year 2013 (102)Year 2012 (232)Year 2011 (200)
December (34)
November (22)
October (16)
September (23)
August (21)
July (15)
June (12)
May (10)
April (11)
March (13)
February (9)
January (14)
Year 2010 (194)Year 2009 (366)Year 2008 (251) November (22)
October (16)
September (23)
August (21)
July (15)
June (12)
May (10)
April (11)
March (13)
February (9)
January (14)
Residential Real Estate Sector To Get BoostThursday, June 30, 2011 The recent decision by the UAE Cabinet to lengthen property investors' visit visas from six months to three years has come as a welcome announcement by property analysts, investors and owners. According to a recent report by Citigroup, this move will boost demand in the UAE's residential real estate sector, particularly in Dubai. "The promise of a long-term residence visa was a major drive for sec ... more |
Dubai Sets Up Corporation To Own And Manage Government PropertyMonday, June 27, 2011 The ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum has ordered setting up a corporation to own and manage all property registered in the name of the government, Wam has reported. The new Dubai Real Estate Corp will operate on a commercial basis and have financial and administrative independence The company will be responsible for all development, purchase, sale, lease and management of t ... more |
Abu Dhabi's Sorouh To Focus On Existing ProjectsThursday, June 23, 2011![Abu Dhabi\](http://www.bayut.com/property/common/resize.php?img=100/920.jpg&d=45 "Abu Dhabi\") Abu Dhabi-based developer Sorouh Real Estate has said it is to remain focussed on delivering existing projects in its home market in 2011 and has no plans to expand abroad just yet, Reuters has reported. "Our 2011 will be pre-occupied with deliveries," chief operating officer Gurjit Singh, said. "Any other market would bring in many different types of risks and, at this moment, we can do with less ... more |
31 Development Projects Approved For SharjahWednesday, June 22, 2011 His Highness Shaikh Sultan bin Mohammad Al Qasmi, Supreme Council Member and Ruler of Sharjah, recently approved 31 projects aimed at encouraging business, tourism and investment in Sharjah. Highlighting the importance of encouraging creativity among young Emaratis, Marwan bin Jassim Al Sarkal, CEO, Sharjah Investment and Development Authority (Shurooq) said: "The proposed projects, which were pre ... more |
Tallest Residential Tower On ScheduleMonday, June 20, 2011 The world's tallest residential tower being built in Dubai will be completed on schedule in December, its developers have said. Tameer Holding Investment LLC has announced that the superstructure of Princess Tower has been finished. The tower, which is being built on a 37,410 square foot plot in the Dubai Marina area, will become the tallest residential building in the world when it is completed. ... more |
Dubai Land Department Says Only 10,000 New Units To Enter MarketMonday, June 20, 2011 The Dubai Land Department (DLD) has said that around 10,000 new units are expected to enter market in 2011, Emirates 24-7 has reported. "The emirate will witness the entry of about 10,000 residential and office units during the current year," DLD said in a statement to the website. ... more |
No Cancellation Of Projects At Jumeirah Lakes TowersThursday, June 16, 2011 Dubai Multi Commodities Centre, the master developer of Jumeirah Lakes Towers, has said no projects have been cancelled to date in the project and said eight new towers will be completed and handed over by December this year, Emirates 24-7 has reported. "No projects have been cancelled to date. We are aware that the majority of the developers of the incomplete towers within JLT are actively workin ... more |
Special Prices Available For Arjan ApartmentsFriday, June 10, 2011 Dubai-based Triveni Builders and Promoters is offering special prices for 20 apartments at its La Fontana di Trevi project in Arjan. These units were acquired from defaulters and are being offered at below the construction cost and at less than half their original prices. A studio unit is thus being sold for Dh199,000, a one-bedroom for Dh399,000 and a two-bedroom, which initially cost Dh1.2 milli ... more |
Property Visa Rules ClarifiedWednesday, June 08, 2011 The UAE federal government has recently amended the criteria and visa structure for Property Investor Residence Visas. Customers that have purchased a property with a contractual purchase price of Dh1 million or more are eligible to apply for this class of visa. Brigadier Obaid Muhair bin Surour, Deputy Director-General of the General Directorate of Residency and Foreigners Affairs in Dubai, on Tu ... more |
Tameer Repossess 400 Units In Dubai ProjectsWednesday, June 08, 2011 Federico Tauber, president of Dubai-based developer Tameer has said 400 units have been repossessed to-date and that no more defaults are expected ahead of handover of its two projects next year, Emirates 24-7 has reported. "During the last two years we put in place a strategy to deal with each investor particular situation, which has resulted in a considerable reduction in the rate of defaults al ... more |
Dubai Studies New Property VisaMonday, June 06, 2011 Dubai is studying the enforcement of a new residence visa system for property owners, sources from the government confirmed yesterday. The government official, who spoke on condition of anonymity, said that authorities in Dubai are discussing ways of granting owners of properties in the emirate, residence visas based on transparent rules and legislation. "The rules are expected to be issued soon," ... more |
Dubai Passes Property Supply Peak - SurveyMonday, June 06, 2011 Jones Lang LaSalle (JLL) has said Dubai's real estate is likely to witness some stability in capital values, while Abu Dhabi will see highest value declines over the next 12 months, Emirates 24-7 has reported. "While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu Dhabi rents and sale prices are expected to continue to decline in the ... more |
