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Emaar’s New Off Plan Residential Project Sold Out In 1 DayThursday, May 31, 2012 According to news, the new residential project of Emaar Properties ‘Panorama at The Views’ was sold out. The developer claims that the total 224 units were sold soon after they went on sale on Saturday.
The managing director of Emaar Properties, Ahmad Al Matrooshi, said that such a tremendous response from the investors indicates that they trust in the Emaar credentials of project delivery. More ... more |
Dubai Marina's Premium Hotel Plots Are Up For GrabsThursday, May 31, 2012![Dubai Marina\](http://www.bayut.com/property/common/resize.php?img=100/1196.jpg&d=45 "Dubai Marina\") Residents of Dubai Marina are soon going to see a new array of hotels in their community because four commercial plots are currently available for sale and 2 four star hotel owners are seeking new buyers for their hotels.
Advertisement for two unnamed hotels in Dubai Marina for sale have been posted. Other than these unnamed property units, a large number of plots are up for sale for hoteliers, ... more |
Nakheel And Hotel Operator Kerzner Dumped 'The World' Hotel ProjectTuesday, May 29, 2012![Nakheel And Hotel Operator Kerzner Dumped \](http://www.bayut.com/property/common/resize.php?img=100/1195.jpg&d=45 "Nakheel And Hotel Operator Kerzner Dumped \") Nakheel was in the planning process of a luxury hotel on ‘The World’ development with a South African hotel operator Kerzner International. However, according to the latest news Nakheel has dumped this hotel project due to the 2008 property crisis.
Nakheel had launched this project back in 2007 and Coral Island was chosen to work on this project. It was a luxury resort covering 73 hectares in th ... more |
Etihad Tower Complex Is Attracting Local & International BrandsTuesday, May 29, 2012 According to sources, several local and international retail companies have signed up to open outlets in Etihad Towers. Cartier has signed up to open its largest store in the Middle East. Among the 30 odd names, Salvatore Ferragamo, Bally, IWC and Cartier lend their aura and heritage to the upscale mixed use development at Etihad Towers.
The property manager from Etihad Towers, Richard Foulds, s ... more |
Princess Tower Confirmed As The Tallest Residential Building In The WorldFriday, May 25, 2012 According to sources, Tameer’s Princess Tower has been confirmed as the tallest residential building in the entire world by the Guinness World Records. Being ideally located in Dubai Marina, the skyscraper is 414m high from base to the tip.
The development features 107 storeys which consist of 763 luxury apartments overlooking Palm Jumeirah. The apartment includes one to four bedroom apartment ... more |
Dubai Courts To Hear Investor’s Legal Disputes With NakheelThursday, May 24, 2012 The Dubai Legal Affairs Department has recently confirmed that investors who have legal disputes with Nakheel will not have their cases heard at the Dubai World Tribunal but rather Dubai Courts will hear their cases. There was a great confusion for the investors who were intending to take legal action against Nakheel per a statement given by Dubai Legal Affairs Department.
The department has als ... more |
Barwa Announces Opening Of 6000-Unit Development Near DohaWednesday, May 23, 2012 With respect to the assets, the biggest property company in the Middle East, Barwa Real Estate, has recently announced the official opening of its master development in Mesaimeer. This development, known as Barwa City, has 6,000 units which would accommodate around 25,000 people upon completion. The project is located near Doha and covers 2.7 m square meters and will consist of 128 residential bui ... more |
Nakheel Announced To Build 192 Studio Apartments On PalmTuesday, May 22, 2012 According to the news, Nakheel is financially fit to build 192 studio apartments on The Palm Jumeirah. The project is known as Palm Views and the construction work will begin later this year and is expected to be finished by the first quarter of 2014, according to Nakheel’s chairman. The units are on sale for Dh 1 million and will cover 150 square meters.
Palm Views is a project that is especi ... more |
A Survey Reveals Top Three Investment & Rental Locations In DubaiTuesday, May 22, 2012 According to a recently conducted survey, the top three property hotspots in Dubai during this year are Dubai Marina, Jumeirah Lake Towers and Downtown Dubai. The survey was conducted on a sample of 3,000 brokers who revealed these three areas are the top investment in Dubai.
The managing director of the company which conducted the survey says that the results of the survey give a clear message ... more |
Residents Begin Moving In To Saadiyat Beach VillasTuesday, May 22, 2012 Abu Dhabi’s Tourism and Development and Investment Company (TDIC) has started to handover beach front villas on Saadiyat Island. According to the news, people have already started moving in.
Phase-1 of the project has been rolled out and resultantly, 254 villas have been given to owners. These villas were launched in 2009 and the second batch of these villas went on sale in November 2011 and a ... more |
Knight Frank Report Declares Dubai The Top Performing Real Estate Of Q1 2012Tuesday, May 22, 2012 The latest Knight Frank Prime Global Cities Index shows that Dubai has outperformed the global property markets in Q1 of 2012. From December 2011 to March 2012, the index showed that Dubai experienced a four percent rise. This rise has helped Dubai to emerge as the world’s top performing real estate market in the world putting it ahead of London and Jakarta, the realty markets of which rose by 2.7 ... more |
It Is For The First Time In Three Years That The Lease Rates Of Villas Have Risen In DubaiThursday, May 17, 2012 It is the first time in three years when villa rental prices have met inclination in Dubai, agreed by the leading global real estate consulting firms.
The report depicts villa market has found its way to plenty good place for the first time after 2008/ 2009 with average increased lease rate of 3% every quarter. Two bedroom sector met the tallest growth rate of 5% whereas five and six bedroom unit ... more |
Q1 Reports Show Stable Rents Of Prime Offices In DubaiTuesday, May 15, 2012 A new report highlights that the rents of the prime offices in Dubai have remained stable during the first quarter of 2012 whereas properties in the secondary locations are still facing rental declines and low occupancy rates.
The research says that the supply of the commercial office market in Dubai continued to surpass its demand during the Q1 which is resulting in above 50% vacancies city wid ... more |
Demand Of The Credit Notes In Dubai’s Property Market DeclinesMonday, May 14, 2012 Sources say that Dubai property credit note market is slowing done, since the discounts being offered on the credit notes have dropped significantly. Credit notes flooded Dubai market when hundreds of property projects were cancelled and their investors were issued credit notes on huge discounts. Now the discounts on these credit notes have dropped by as much as 40%.
Stuart Raine from Cluttons sa ... more |
Cityscape Abu Dhabi Brings A Ray Of Hope For Abu Dhabi Real Estate MarketMonday, May 14, 2012 As the sixth edition of Cityscape Abu Dhabi ends, investors and exhibitors have once again started an ensuing discussion regarding the UAE real estate sector, supply and demand. There were announcements of several new projects such as Sorouh Real Estate’s launch of its retail property brand Boutik. The Abu Dhabi based developer will launch this brand in Sun and Sky Towers on Al Reem Island in June ... more |
Customer Liabilities Mitigated From Nakheel’s Projects Decline By 32.4%Friday, May 11, 2012 According to the news, the total customer liabilities mitigated from Nakheel’s long term projects suffered a decline of 32.4%. These liabilities have fallen down to Dh 6.67 billion from the original amount of Dh 9.88 billion. Credit notes issued by Nakheel to the buyers during the economic downturn are increasingly being held onto.
It seems that the investor confidence in the recent moves on ... more |
Investors Begin Signing Up For Burj Khalifa AuctionThursday, May 10, 2012 According to the online auctioneers of, almost 40 investors have signed up for the auction of an entire corporate floor of Burj Khalifa. The LFC Group of Companies, which is a US based company handling the auction of the corporate floor via Freedom Realty Exchange, says that it is expecting an increase in the number of investors registering to take part in the auction in the weeks leading up to th ... more |
Nakheel Finally Speaks About Palm Jumeirah Shoreline Development ClaimTuesday, May 08, 2012 According to news, Nakheel has restricted access to the car parks for those residents who have not cleared their service charges. Nakheel says that it took the step just to force homeowners to clear their service charges. It says that the reports claiming that the tenants have been locked out of their car parks are unreal, since it only refused to issue access cards to landlords who had not paid t ... more |
Rera CEO Claims Nakheel Car Park Lock Out To Be WrongMonday, May 07, 2012 The boss of RERA, Marwan bin Ghalaita, says that the step of Nakheel to lock residents out of their car parks is unlawful in Palm Jumeirah. In Palm Jumeirah Shoreline development, Nakheel is depriving those residents of the car park facility who have not paid service charges. But the CEO of RERA still believes it is wrong on Nakheel’s part, since it is not the responsibility of RERA but that of th ... more |
Nakheel Locks Residents Out Of Car Parks In Palm Jumeirah Shoreline DevelopmentFriday, May 04, 2012 Nakheel has locked the residents of luxury Palm Jumeirah Shoreline development out of their car parks. It is another move by the developer to collect outstanding service fee from the residents.
Last month Nakheel introduced a car park and building access system for Shoreline buildings 1 and 2, since then tenants, who have not paid service charges yet, have been refused to access parking spaces ... more |
Burj Khalifa’s Top Goes On Sale!Wednesday, May 02, 2012 |
