JLL Develops Tool To Make Realty Comparison EasierWednesday, November 26, 2014
JLL Develops Tool To Make Realty Comparison Easier World’s leading real estate investment and advisory firm Jones Lang LaSalle (JLL) has developed a new data comparison tool that has been made available online. The new tool has been developed to give a more detailed comparison of key market data among the major real estate markets in the MENA region. According to the company, the new tool will enable both occupier clients and investors t ... more
Wasl Group Launches Freehold Property In DubaiWednesday, November 26, 2014
Wasl Group Launches Freehold Property In Dubai Dubai-based asset management company Wasl Group has launched Creek Heights, its first freehold development project in the emirate. Wasl is regarded as one of the fastest growing property management firms in the UAE. The launch of Creek Heights is seen as a calculated development derived after decades of experience in construction, development and management. Creek Heights features furnished f ... more
DLD Launches Centre For Sustainable CitiesTuesday, November 25, 2014
DLD Launches Centre For Sustainable Cities In collaboration with United Nations Environment Program (UNEP), the Dubai Land Department (DLD) has launched a regional centre for resource efficient and sustainable cities. The centre was launched with the aim to serve as a regional hub for promoting the efficient use of resources in the Middle East. According to a news report, the Centre for Sustainable Cities will be located in The Perfec ... more
UAE Developers Committed To Deliver On TimeTuesday, November 25, 2014
UAE Developers Committed To Deliver On Time The real estate developers of the UAE are not merely launching projects at property shows like before; this time around they are actually ensuring that work starts on the site as soon as possible. According to a news report, Dubai-based property developer Union Properties will start the construction of the third phase of Green Community in Dubai Investments Park (DIP) by January 2015, a project ... more
Dubai Pearl Set For Delivery By 2018Monday, November 24, 2014
Dubai Pearl Set For Delivery By 2018 The work on the stalled Dubai Pearl project is expected to be restarted in December 2014 with the megaproject to be completed by 2018. The $6 billion project plan includes four towers with 1,490 apartments, a 1,600-seat theatre and over 60 restaurants along with seven five-star hotels. The project was initially launched in 2003 but was stalled after the infamous property market crash in 2008. ... more
Abu Dhabi To Get Its First Four Seasons Hotel In 2017Monday, November 24, 2014
Abu Dhabi To Get Its First Four Seasons Hotel In 2017 The construction of the Four Seasons hotel on Al Maryah Island is expected to be completed in two years. According to reports, the construction work started last year after the developer awarded the contract to Al Futtaim Carillion. The project features a 35-storey property with 190 rooms and 125 apartments. Once completed, Abu Dhabi Four Seasons will be the second property of the Canadian co ... more
Al Tameer Group Wins Construction Contract For Bermuda VillasFriday, November 21, 2014
Al Tameer Group Wins Construction Contract For Bermuda Villas Ras Al Khaimah-based property developer RAK Properties has awarded Al Tameer Group the construction contract for Bermuda Villas. Under the contract, Al Tameer Group will develop 157 three- to six-bedroom villas and townhouses. The construction works are reported to commence during the current month. ... more
Schon Properties to wrap up Dubai Lagoons by 2017Friday, November 21, 2014
Schon Properties to wrap up Dubai Lagoons by 2017 Schon Properties Customer Service Manager Mr Yeasin Syedur Rahman said that the eagerly awaited Dubai Lagoons project would be completed by 2017. The first batch of apartments in Dubai Lagoons project are also expected for delivery by November 2015. The developer had previously secured an investment of AED 339 million from another Dubai-based real estate developer in order to complete the AED ... more
Tital City Offers Affordable Housing On 100-Year Lease Thursday, November 20, 2014
Tital City Offers Affordable Housing On 100-Year Lease The joint venture between Sharjah Asset Management and Eskan Real Estate, Tital Properties, has announced to sell its latest units in Tital City to GCC and Arab Nationals and offer 100-year lease to all other nationalities. Tital City is Sharjah’s new AED 2 billion mixed-use project that will offer affordable housing to 65,000 residents. According to reports, the construction of the infrastru ... more
INSEAD Survey Ranks Dubai The Best Place To Live & WorkThursday, November 20, 2014
INSEAD Survey Ranks Dubai The Best Place To Live & Work INSEAD Alumni survey has ranked Dubai the most attractive city in the world in terms of personal and professional life. Dubai has topped the list among world’s 15 prominent cities and beaten quality contenders like Hong Kong, London, Singapore, Paris and New York. The emirate has also been ranked first in economic dynamism. Other surveys in the past have also been consistently ranking Abu D ... more
Nakheel Assumes Full Ownership Of Golden Mile Unsold UnitsTuesday, November 18, 2014
Nakheel Assumes Full Ownership Of Golden Mile Unsold Units Dubai-based master developer Nakheel Properties and the joint venture between Istithmar World and IFA Hotels & Resorts (Souq Residences FZCO) have come to an agreement that is deemed appropriate by both parties. Under the agreement, Souq Residences will be relieved of substantial liabilities after Nakheel Properties is granted full ownership of the unsold residential and commercial units in the ... more
Dafza Introduces Reserved Parking Space For Green VehiclesTuesday, November 18, 2014
Dafza Introduces Reserved Parking Space For Green Vehicles Dubai Airport Freezone Authority (Dafza) has introduced more than 80 parking spaces reserved for green vehicles in its latest parking building. The multi-storey car parking building has a total space that can accommodate 835 cars and among them 84 spaces are reserved for green vehicles. According to reports, the new parking building was built owing to the increasing demand for parking spaces i ... more
Construction For The New Shopping Centre In Al Maryah Island BeginsFriday, November 14, 2014
Construction For The New Shopping Centre In Al Maryah Island Begins Abu Dhabi-based property developer Gulf Related has started the construction of the 2.3 million square foot shopping centre. The new shopping centre is located on Al Maryah Central and at the core of of Al Maryah Island in Abu Dhabi. According to a news report, the project is scheduled for delivery in March 2018. ... more
Billion Dollar loan for Dubai Park & ResortsThursday, November 13, 2014
Billion Dollar loan for Dubai Park & Resorts Developer of amusement parks in Dubai, Goldman Sachs, is expected to sign a project financing loan worth $1.15 billion (AED 4.22 billion) for Dubai Park and Resorts. According to banking sources, the deal will finance the construction of the amusement park complex in Dubai. The deal is expected to be signed this week. ... more
Dubai Adds Long Term Value To Dubai Marina Wednesday, November 12, 2014
Dubai Adds Long Term Value To Dubai Marina  With the opening of the first phase of Dubai Tram network, Dubai has added permanent long term value to its residential locality, Dubai Marina, said international real estate consultant Cluttons. Dubai Tram is the emirate’s first community focussed infrastructure project that will not only decrease the traffic woes in the city but it will also add value to residential units within its proximi ... more
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