Year 2013 (104)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)
Tamouh Sets Sights On Affordable Housing Project On Al Reem IslandFriday, November 25, 2011 Abu Dhabi: Having secured its credentials as a developer of upscale high-rise blocks, Abu Dhabi's Tamouh is setting its sights slightly lower… literally.
Some time early next year, the company expects to have the approved blueprint in place to create an affordable — or social — housing project on Al Reem Island.
Tamouh's involvement in the initiative — which is ma ... more |
Age Of Realism In Property MarketTuesday, November 22, 2011 Dubai: Such is the short-term nature of man's memory that it is very easy to define the UAE's property market purely by what has happened since September 2008. But it would be such a disservice to omit the many elements that made the sector one of the most compelling real estate plays in the world from 2002 until then.
Yes, there were many projects that were announced during those turbo-charged ... more |
Growth And Corrections Part Of DevelopmentTuesday, November 22, 2011 Dubai: Turning 40 is as good a time as any to take stock. In the first 30 years since the creation of the UAE, its real estate sector was creating a top-notch infrastructure and base for its citizens as well as residents from the rest of the region, the Subcontinent and beyond.
But starting in the early ‘Noughties', Dubai and later Abu Dhabi made its real estate the centrepiece of a high s ... more |
Abu Dhabi Extends 5% Rent CapThursday, November 17, 2011 Abu Dhabi: The 5 per cent rent cap has been extended till November 9, 2012, through an ordinance issued by General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
"The ordinance extends the deadline specified in the law till November 9, 2012," said a WAM report. This will ensure that tenants can remain in their reside ... more |
Abu Dhabi Issues Ordinance On Contracts For Leased PremisesThursday, November 17, 2011Abu Dhabi: General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in his capacity as the Chairman of the Executive Council has issued an ordinance on the extension of contracts of leased premises. The ordinance extends the deadline specified in the law concerning the lease of premises and the regulation of the relationship bet ... more |
1,220 Units At Al Raha CompletedThursday, November 17, 2011 Abu Dhabi: Abu Dhabi's largest real estate developer Aldar Properties' chief executive officer has said that 1,220 units have been completed this year at the Al Raha Beach development and another 800 units will be completed by the end of this month.
"A total of 116 showrooms have been completed in Motor City and tenants are moving in soon," Sami Asad told delegates at a MEED conference ... more |
Abu Dhabi Issues Ordinance On Contracts For Leased PremisesThursday, November 17, 2011 Abu Dhabi: General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in his capacity as the Chairman of the Executive Council has issued an ordinance on the extension of contracts of leased premises.
The ordinance extends the deadline specified in the law concerning the lease of premises and the regulation of the relationship bet ... more |
The Best Fitness-Friendly Areas In DubaiTuesday, November 15, 2011 Dubai Marina
Dubai Marina, the popular waterfront development in new Dubai, comprises a wide range of high-rise buildings and offers you a great environment to live a fun and active lifestyle.
Fitness facilities
The original six towers in the development — Dubai Marina Towers — offer facilities such as a state-of-the-art gym, a separate women's gym and three lap pools. With a membership, ... more |
Community Guide To Dubai Silicon OasisTuesday, November 15, 2011 If you thrive on peace and calm, an ideal place to live would be Dubai Silicon Oasis (DSO). Away from the hustle and
bustle of the city, this neighbourhood offers a Western lifestyle in a fully integrated live-and-work environment.
DSO, situated off Emirates Road, is a 7.2-square-kilometre free zone technology park, dotted with residential and office
towers. Those seeking a villa lifesty ... more |
An Oasis In The Desert For Dubai FamilyTuesday, November 15, 2011 At the peak of the boom in Dubai, as rents skyrocketed, many people could only dream of living in a good location in the city. Jordanian, Dr Ahmad Bader, who holds a PhD in computer systems and networking, was one of them.
On landing in Dubai in 2007 from Ukraine, where he had lived and worked for many years, Ahmad found the most difficult thing to get in Dubai was not a job, but a home: "Findi ... more |
Ask The Law: Refund For Delayed ProjectsTuesday, November 15, 2011 I purchased two studios in 2008 and paid 40 per cent of the price for each unit. Nothing has happened on the site so far. Please advise where I stand and how I can get back my hard earned money.
This is a sad but familiar story. I suggest that you first approach Rera (Real Estate Regulatory Agency) and ask if the project has been cancelled. If not, you should ask why — it seems clear that the p ... more |
The Real Estate Investors Reaping The RewardsTuesday, November 15, 2011 There was a time when everybody wanted a slice of the property pie but, at the onset of the global financial downturn, investors put off their plans, wary of spending in such uncertain circumstances.
But there were a brave few who kept faith in the fundamentals of the property market throughout, and they are reaping the benefits today.
Property meets two men who stand out for their exception ... more |
Visitors Snap Up Dubai Holiday HomesTuesday, November 15, 2011 Many tourists visit Dubai so frequently, they consider it their second home. Going a step further, many of them are now setting up a second home here, a trend that appears to be picking up, considering the attractive property prices.
Patricia Boettcher and her husband Anders from France have a holiday home in Dubai. It was Anders who first visited Dubai in July 2007 as a tourist and he liked th ... more |
Residents Fight For A Free Beach Club In JBRTuesday, November 15, 2011 The story
On the surface, the upmarket Jumeirah Beach Residence (JBR) enjoys an enviable reputation — it has an attractive retail strip, The Walk; it's right on the beach and it appears self-sufficient. But all is not well in the community as trouble is brewing between homeowners and the developer, Dubai Properties Group (DPG).
Relations were already strained, thanks to the lack of community ... more |
Emirates Hills Home Is An Ode To OpulenceTuesday, November 15, 2011 When a property is listed for sale, it's generally stripped of all art, furniture, souvenirs and other memorabilia. Sellers tend to prefer a minimalist approach to staging their homes and so remove anything they can sell separately or store elsewhere.
But, the owner of a grand villa in Emirates Hills is not only leaving his home's contents on display to prospective buyers; all the limited-editi ... more |
Abu Dhabi Adjusts To Economic RealitiesSaturday, November 12, 2011 Abu Dhabi: Abu Dhabi was set to avoid the pitfalls suffered by its Gulf neighbours with a decades-long plan to replace oil revenue with industry and tourism as drivers of growth.
Now those plans need to be scaled back as companies behind some of the biggest developments cut jobs and push back projects, said Gassan Chehayeb, associate director of research at Dubai-based Exotix.
Delays include ... more |
Luxury Development In Tecom Targets Ambitious Off-Plan SalesFriday, November 04, 2011 Dubai: A developer launching a luxury residential project is a rarity in Dubai these days. But to back that up with plans to launch an off-plan sales programme three months into the start of construction is even rarer.
Parvez Khan, a director at Pacific Townships Holdings, is not letting the ground realities of the market situation put him off his plans. The company has set in motion the projec ... more |
Markets Cautious With InvestmentsFriday, November 04, 2011 The recent announcement of a $1 billion (Dh3.7 billion) real estate fund by the Investment Corporation of Dubai (ICD) and the global fund manager Brookfields represents a major boost for sentiment towards the Dubai market that has been largely shunned by institutional real estate investors over the past two years. With global levels of capital investment into real estate continuing to increase, th ... more |
Reef Launches Serviced Offices In Business BayFriday, November 04, 2011 Dubai: The UAE's master developer Reef Real Estate Investments has rolled out R-Serviced Offices with a second location in Crystal Towers in Business Bay.
R-Serviced Offices are ready-to-use offices and ideal for small and medium sized enterprises (SMEs). R-Serviced Offices currently provide office space to some of the world's leading oil and gas corporations and blue chip entities such as Luko ... more |
Deyaar Posts Dh45m Profit As Revenues Rise, Costs FallThursday, November 03, 2011 Dubai: Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday.
The real estate firm was affected by the collapse of Dubai's property sector and posted a net loss of Dh489 million in the corresponding period last year.
Deyaar did not provide separate results ... more |
Aldar Posts Third Quarter Net Profit Of Dh144 MillionThursday, November 03, 2011 Dubai: Aldar Properties, Abu Dhabi’s largest real estate developer, posted a third quarter net profit of Dh144 million on Thursday, just days after announcing it was to cut almost a quarter of its workforce.
The company posted a nine-month profit of Dh460.4 million after a loss of Dh1.5 billion in the same period last year, according to an e-mailed statement.
The Abu Dhabi Government rescued ... more |
Aldar Lays Off 24% Of WorkforceTuesday, November 01, 2011Dubai: Aldar Properties says that changing market conditions have provoked the layoff of 24 per cent of its workforce. A company spokesman told Gulf News that 105 employees were informed yesterday that they would lose their jobs and were given until the end of the week to leave. "It is obvious that we are experiencing a difficult climate and to be able to function we need to be able to ensur ... more |
