Property developer anticipates successful suburban villas in Dubai Tuesday, March 31, 2015
Property developer anticipates successful suburban villas in Dubai Damac Properties has shifted its focus from super luxury apartments to affordable villa projects in Dubai to deal with the slowdown in emirate’s property market. At the International Property Show 2015, the developer said that customers agreed to buy Dh 2.8 billion homes in Q1 of 2015, which is about 6.2% higher than the stats they recorded in Q4 of 2015. The developer is primarily known for ... more
Taj Group Launches Its Second Project in DubaiTuesday, March 31, 2015
Taj Group Launches Its Second Project in Dubai Dubai: Taj Group, an India-based development firm, has launched its second project Taj Dubai (a hotel) in the United Arab Emirates. According to a news source, the project is located in Downtown Dubai and features 296 rooms, including 15 luxury suites offering views of the Dubai Mall and the Burj Khalifa, 16 junior Suites and Taj Club Rooms. Furthermore, the luxury suites of the hotel include ... more
RTA Awards Museum Project to ASGCMonday, March 30, 2015
RTA Awards Museum Project to ASGC Roads and Transport Authority (RTA) has awarded an AED 488 million development contract to Al Shafar General Contracting (ASGC) to build the Union Museum in Dubai. According to a news source, Phase I of the project has been started and the construction work is underway beside Union House, where the constitution of the UAE was signed on December 2, 1971. RTA Chairman of the Board and Executive ... more
Population rise triggers quality housing demand in Abu DhabiThursday, March 26, 2015
Population rise triggers quality housing demand in Abu Dhabi In the last 5 years, population of Abu Dhabi has increased by 50 per cent due to growth in the international work force, making the demand for quality housing across the capital go strongly up. It is however uncertain if the momentum of this demand would sustain. The sustainability of this high demand would be discussed in the upcoming Abu Dhabi Market Overview Forum, which is to be held on Apri ... more
Stage Set for 11th IPSThursday, March 26, 2015
Stage Set for 11th IPS The 11th International Property Show (IPS) will be held at Dubai’s World trade Centre from March 30 to April 1 and the stage is set for the event to take place. Reportedly, the Dubai Land Department (DLD) and Dubai Properties (playing the role of exclusive strategic partner), are supporting the event. The organisers of the show, while speaking at a press conference, announced that a number o ... more
Aldar Generates AED 600 million for Selling 281 Plots in Khalifa CityWednesday, March 25, 2015
Aldar Generates AED 600 million for Selling 281 Plots in Khalifa City Aldar, one of the prominent real estate developers, has sold out 281 plots in the Al Merief project in Khalifa City, Abu Dhabi within a week. According to a news source, the firm generated AED 600 million for selling the plots, which were reportedly purchased by Emiratis for the down payments ranging between 50 percent and 100 percent. Al Merief is a master-planned residential development for ... more
UAE signs deal with KW Group to host GTDW in Dubai for next 3 yearsWednesday, March 25, 2015
UAE signs deal with KW Group to host GTDW in Dubai for next 3 yearsThe UAE Ministry of Economy has penned down a deal with KW Group to host Global Trade Development Week in Dubai for the next 3 years. This mega event is one of the world’s largest trade affairs featuring many trade summits and exhibitions. The event links key sectors of the international trade such as transport, corporate real estate, small and medium enterprises, banking, custom, infrastructure ... more
Dubai Plans to Build Affordable Houses for Specific Income GroupTuesday, March 24, 2015
Dubai Plans to Build Affordable Houses for Specific Income GroupThe emirate of Dubai has allocated 100 hectares of land to provide affordable housing units to residents. According to a news source, the plan to develop low-cost units has been devised to accommodate people earning between AED 3,000 and AED 10,000 per month. Dubai Municipality Assistant Director General for Engineering and Planning Sector Mr Abdulla Mohammed Rafia told reporters that they had al ... more
Ground breaking of Dh 1.1 bn Vertex to be held in early 2016Tuesday, March 24, 2015
Ground breaking of Dh 1.1 bn Vertex to be held in early 2016The construction work of The Vertex, a Dh1.1 billion project planned in MotorCity- Dubai, will begin in early 2016. Union Properties (UP), the developer of this project, told an online news media that the contract for The Vertex will be awarded by November this year and the ground breaking will be held earlier next year. The Vertex will comprise of a total of 5 towers reaching 45 to 30 storeys h ... more
Trump and DAMAC Properties Launch TRUMP PRVT mansionsFriday, March 20, 2015
Trump and DAMAC Properties Launch TRUMP PRVT mansions Dubai-based property developers Trump and DAMAC Properties has recently launched a limited number of private luxury villas and mansions in Trump Estates Dubai. The new luxury residential units are named Trump PRVT and are located in a private gated island community where over 100 luxury villas were launched a year ago at Akoya by Damac. According to reports the new homes were made available at ... more
Investors Show Unrelenting Confidence in Palm Jebel Ali DeveloperFriday, March 20, 2015
Investors Show Unrelenting Confidence in Palm Jebel Ali DeveloperDubai-based master developer Nakheel Properties has received unrelenting investors’ confidence regarding the long delayed Palm Jebel Ali project. In an open letter to Nakheel Chairman Mr Ali Rashid Lootah, Palm Jebel Ali Home Owners Group stated that despite the long delays in the development of the mega-project, its members remain confident in Nakheel’s capability to deliver the promised uni ... more
Dubai real estate projects being showcased at Kazakhstan International ExhibitionThursday, March 19, 2015
Dubai real estate projects being showcased at Kazakhstan International ExhibitionAZIZI Developments, a Dubai based developer, is showcasing the thriving UAE property market and their various ongoing and upcoming projects in Dubai at the Kazakhstan International Exhibition in Astana. The 3-day event, which started on March 18, 2015 and will last till March 20, 2015, is held at Korme Exhibition Centre, Astana. The growing interest of Kazakhstani investors in Dubai real estate ... more
DLD Takes On Role of Main Sponsor for 11th IPSThursday, March 19, 2015
DLD Takes On Role of Main Sponsor for 11th IPSThe Dubai Land Department (DLD) is set to take on the role of main sponsor for the 11th International Property Show (IPS). According to a news source, the IPS will be held from 30th March to 1st April at the Dubai World Trade Centre. Senior officials of the DLD will take part in the show. The event will provide an opportunity to the DLD to promote Dubai’s real estate market in front of global i ... more
Empower provides 120,000 Refrigeration Tonnes to cool Dubai Design DistrictWednesday, March 18, 2015
Empower provides 120,000 Refrigeration Tonnes to cool Dubai Design District Empower, a Dubai-based district cooling services provider and member of International District Energy Association, has completed its first cooling connection to Dubai Design District (d3). According to news details, the company has provided a total of 10,000 refrigeration tonnes to d3. The AED750 million deal to provide 12,000 RT connections to d3 was signed last year. D3, a development locate ... more
The first ever St. Regis Polo Resort to come to DubaiWednesday, March 18, 2015
The first ever St. Regis Polo Resort to come to DubaiStarwood Hotels & Resorts Worldwide, Inc. signed a deal with Al Habtoor Group LLC for developing the St. Regis Al Habtoor Polo Resort & Club in Dubailand, the first ever polo resort by St. Regis. The planned equestrian sports club, with a 136-room hotel as centrepiece, spans six-million square feet. It is scheduled to open in early 2017. According to the news details, in addition to having this ... more
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