Dubai Experiences Escalation In Industrial Rents

Monday, July 28, 2014
Dubai Experiences Escalation In Industrial Rents Investors are now demanding more industrial property within Dubai, as the Expo 2020 and Mars Space Project is approaching, however, due to limited availability, the rents of existing industrial plots are observing a hike. According to a news source a double-digit growth has been observed in industrial rents in seven out of nine regions .Industrial rents have amplified by 25 per cent, year-on-ye ... more

Studio Apartments in Dubai Marina Now Surges Up To$261,094

Monday, July 28, 2014
Studio Apartments in Dubai Marina Now Surges Up To$261,094 As the number of international projects increase in Dubai, the price range of the average property has watched a relentless trip. As per a news source at a normal the estimation of a studio loft in Dubai remains at Dh959, 000 that that roughly translates into $261,094. The vast number of projects that have increased the value of Dubai as a land investment have also contributed to the escalation ... more

CBRE Advices Careful Monitoring Of Dubai Pipeline Projects

Friday, July 25, 2014
CBRE Advices Careful Monitoring Of Dubai Pipeline Projects In a bid to ensure that supply does not increase demand this time again for the real estate market of Dubai, CBRE has advised that the pipeline projects of Dubai should be monitored carefully. The property consultants at CBRE has warned the government authorities to remain attentive and rather cautious about the residential development pipeline that continues to increase. The company has empha ... more

Dubai Marina Closed Real Estate Deals Worth AED113bn During H1 2014

Thursday, July 24, 2014
Dubai Marina Closed Real Estate Deals Worth AED113bn During H1 2014    Dubai Marina continues to be a general favourite territory amid investors with 2,576 transactions being listed, worth AED 5.87bn. Property transactions in Dubai recorded 4.6 per cent rise, landing the emirate with AED113bn in H1 of 2014. Property deals represented 54 per cent of the aggregate transactions, totaling up to 22,096 deals worth AED61.5 billion according to Dubai Land Department. ... more

CBRE Predicts Gaining Speed Of Relocation To Northern Emirates In Near Future

Thursday, July 24, 2014
CBRE Predicts Gaining Speed Of Relocation To Northern Emirates In Near Future According to the US based world’s leading Real Estate Services Company CBRE, an enormous number of tenants would observe flight to affordability in 2014. The company predicts the tenants will continue to move to the Northern Emirates as residential rents in Dubai maintain a steady rise throughout 2014. The relocation has picked up speed as tenants have started, considering Sharjah, Ajman a ... more

DLD Reports A Prosperous H1 2014

Thursday, July 24, 2014
DLD Reports A Prosperous H1 2014 Dubai Land Department (DLD) has revealed that Dubai has recorded more than AED 113 billion in real estate transactions for the first half of the current year. The Real Estate Research and Studies Department has stated that sales accounted for 54 per cent of the total transactions over the first six months of 2014. As per the financial report thus issued, 22,096 deals relating to sales were re ... more

Sol Properties Launches Gated Villa Community In Sports City, Dubai

Wednesday, July 23, 2014
Sol Properties Launches Gated Villa Community In Sports City, Dubai A sister project of the Bhatia Group, Sol Properties has launched a gated community development in Dubai Sports City titled Bloomingdale. The community comprises 72 residential villas that are furnished with Italian appliances, large rooftop terraces open plan design, built in wardrobes and exceptional fixtures and fittings. In order to lure consumers, the developer is offering an attra ... more

Damac Sells Its Newest Development Over Night

Wednesday, July 23, 2014
Damac Sells Its Newest Development Over Night DAMAC Properties has launched its latest real estate project in Loretto, Downtown AKOYA; Dubai. The 300 luxury apartments were reportedly sold overnight. The event took place simultaneously in six emirates where investors from Kingdom of Saudi Arabia, State of Qatar, State of Kuwait, The Islamic Republic of Pakistan, India, The Russian Federation and the CIS nations rushed to secure an inves ... more

JLL Reports Growth In Abu Dhabi Real Estate Market

Wednesday, July 23, 2014
JLL Reports Growth In Abu Dhabi Real Estate Market As per JLL, Abu Dhabi has seen increment in residential sector for the sixth successive quarter, with a seven per cent increase in Q2 of 2014. The recent rent cap removal has affected the rental graph significantly in Abu Dhabi. The landlords have exploited the opportunity and increased previously high rents as per their whims which did influence a significant number of tenants movi ... more

Asian Superpower To Compete In Dubai Hospitality

Wednesday, July 23, 2014
Asian Superpower To Compete In Dubai Hospitality The third largest construction firm of China, China State Construction Engineering Co (CSCEC), has successfully won two contracts from Dubai-based developer Arenco Real Estate to develop two hotels at Nakheel’s man-made island, Palm Jumeirah. CSCEC will be developing two five star resort hotels on adjoining plots, all with complete basements, 13 upper floors and a roof area. Each hotel wil ... more

Dubai's Floating Bridge To Be Replaced By Al Ittihad Bridge In 2018

Tuesday, July 22, 2014
Dubai\In July 2007 the Floating Bridge based on Dubai Creek, was opened so to calm movement on Al Maktoum and Al Garhoud Bridge. Dubai Roads and Transport Authority has now confirmed that Al Ittihad Bridge will replace the current Floating Bridge, promptly by 2018. The 420-meter-long Al Ittihad Bridge, which will have a steel curve (100 meters high), will extend past Al Riyadh Road on the Bur Dubai si ... more

Nakheel Aims To Develop A New Residential Project In Dubai

Tuesday, July 22, 2014
Nakheel Aims To Develop A New Residential Project In DubaiNakheel Properties has publicised the launch of its latest gated community that features 1,000 villas. The new residential community will be located in Dubai Nad Al Sheba district. Nakheel said that the new development will feature 900 three to five bedroom villas that will be available for lease and 100 luxurious villas whose main attraction will be their private swimming pools. The 100 high ... more

Mitula Celebrates One Year Of Prosperous Partnership With Bayut

Tuesday, July 22, 2014
Mitula Celebrates One Year Of Prosperous Partnership With BayutMitula, an international search engine that specialises in authentic property, car and job advertisements, recently celebrated one year of successful partnership with Bayut.com whose reliable property listings have aided Mitula in expanding in the UAE. Speaking on the experience of the unique partnership with Bayut.com, Mitula Country Manager Miss Julie Chevet said, “It has been a year since the ... more

Abu Dhabi Hotel Developer Expands To Dubai

Monday, July 21, 2014
Abu Dhabi Hotel Developer Expands To Dubai Abu Dhabi based hotel operator and developer, Jannah Hotels and Resorts, in its expansion strategy, has planned to inaugurate a hotel and a resort in Dubai. The new hotel that will be located at Dubai Marina is named Jannah Palace Dubai Marina and features 115 rooms. Along with the hotel the developer also plans to open a four-star 213 room waterfront resort named Al Seef Andalus on the easte ... more

DLD Moves To Supervise The Troubled Lagoon Project

Monday, July 21, 2014
DLD Moves To Supervise The Troubled Lagoon Project Dubai Land Department has been authorised to supervise the development of the seven phases of Dubai Lagoon project. Dubai Lagoon project was among those projects that suffered most from the crash of the market real estate market of Dubai in 2008. With the prevailing boom of real estate in Dubai, developers are working hard to construct the project and secure the investments of hundreds of inve ... more
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