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New Project To Regulate Cities’ PropertiesThursday, March 31, 2011 Property management businesses in Abu Dhabi and Al Ain must register their leasable properties and existing lease contracts with the municipalities within three months under a new municipal project called Tawtheeq, the municipal officials announced at a press conference yesterday. The project for regulating the real estate sector in Abu Dhabi and Al Ain cities aims to register all properties and l ... more |
More Overhead Costs Give UAE Homeowners Sleepless NightsFriday, March 25, 2011 Homeowners struggling with their commitments on maintenance and service charges have another cost overhead to reckon with. With owners' associations having formally started to take control at various developments, individual owners are required to take out insurance on their own properties. Failure to do so could end up costing them a lot more if some mishap originating within their property leads ... more |
Deyaar Posts Dh2.3b Loss On WritedownsThursday, March 24, 2011 Deyaar on Wednesday reported Dh2.3 billion loss for 2010 as it continued to write down the value of its assets amid challenging property market conditions. Dubai’s second-largest property developer by market value said it handed over four projects to date in the first quarter of 2011. “As we enter a period of increased stability in the UAE property sector, in line with more positive macroeconomic ... more |
Tamouh To Hand Over Apartments In Marina SquareThursday, March 17, 2011 tamouh, the master developer of Reem Island, is set to hand over 252 apartments in four towers, which it built in the up-scale Marina Square mixed-use development. The property company had to delay the handover of 3,450 apartments in the project to owners in April last year, so that it could get the Building Completion Certificates from the civic bodies, according to a statement
on Wednesda ... more |
Dubai Has 220 Ongoing Property ProjectsThursday, March 17, 2011 Marwan bin Ghalaita, chief executive of the Real Estate Regulatory Authority (Rera) has said Dubai is pushing ahead with 220 residential projects in 2011. "We have evaluated projects and those are moving forward," he said. "Any project that is not good for investors will not go on. We are evaluating all the projects now." ... more |
UAE To Host Property Conference TomorrowTuesday, March 15, 2011 The UAE will host the 3rd Arab Real Estate & Urban Development Conference on March 16-17 at the Grand Hyatt Hotel in Dubai. The conference is organized by Dubai Land Department and its regulatory arm, Real Estate Regulatory Agency (RERA) in collaboration with the Arab Administrative Development Organization (Arado), part of the League of Arab State and the Dubai International Financial Centre (DIF ... more |
Baniyas Launches Garden HomesMonday, March 14, 2011 Baniyas Investment and Development, the investment arm of the Baniyas Sports Club, has launched Garden Homes within Phase II of its Bawabat Al Sharq project in Bani Yas City. Situated on the ground floor of Phase II apartment buildings, the new 34 Bawabat Al Sharq Garden Homes include 1, 2 and 3 bedroom units that range between 70 sq m and 224 sq m. Bawabat Al Sharq is a mixed development of resid ... more |
Al Reem Island Could See Surge In Residents Moving Back To CapitalFriday, March 11, 2011 It has been the case that all roads lead to homes in Dubai as residents have made full use of lower rentals over the last two years. Specifically, locations such as Dubai Marina, Jumeirah Lakes Towers and Discovery Gardens had a captive hold on a good number of those working in Abu Dhabi but preferring to reside in Dubai. In doing so, they were making full use of rentals that were lower by as much ... more |
Foreign Investors Give Fillip To Dubai Property MarketThursday, March 10, 2011 Overseas investors are showing renewed interest in Dubai’s property sector, giving a further fillip to the recovery hopes of the emirate’s real estate market.“From the end of last year onwards, we have seen a definite increase in interest from overseas clients,” said Michael Michael, Director of Sales at Landmark Properties. He said those investors are mainly from countries within the GCC or Easte ... more |
Emaar Gets Dh214.4m Repayment From AmlakMonday, March 07, 2011 Emaar Properties, the developer of the world's tallest tower in Dubai, said it received Dh214.4 million from Amlak Finance as part of loan repayments in 2010. Emaar's loans to Amlak, the Islamic mortgage company being reorganised by the UAE government, amounted to Dh712 million at the end of last year, the company said in its reviewed earnings statement on the Dubai bourse yesterday. The amount ow ... more |
Asas Real Estate Starts Work On Sharjah ProjectMonday, March 07, 2011 The real estate arm of Sharjah Islamic Bank, Asas Real Estate has announced the commencement of grading works and road construction on Sharjah's Hoshi development. The mixed-use development offers a choice of commercial and residential plots that range widely in size. It will also include a spacious central park and four smaller parks, mosques, shopping centres, parking areas and schools. ... more |
Bargain Homes in Dubai For Dh2mTuesday, March 01, 2011 The year 2008 may have seen Dubai's property market at its peak but it is better known for the buzzing market that, at that point of time, was ruled by speculators who mastered the art of flipping properties and making millions in seconds. Things have changed dramatically since then. Investors are still taking cautious steps when it comes to investments. However, Dubai property market is now witne ... more |
Sorouh Real Estate To Hand Over Abu Dhabi Project Apartments Within A MonthTuesday, March 01, 2011 Abu Dhabi's Sorouh Real Estate is to start handing over apartments in the delayed Sun and Sky tower development in Abu Dhabi within a month, The National has reported. Although there has been no official announcement, Sorouh has received its formal building completion certificates from the relevant authorities. "Sorouh has previously stated it expected to hand over Sun and Sky in the first quarter ... more |
