Rental Prices in Sharjah Expected to Drop this YearFriday, February 27, 2015
Rental Prices in Sharjah Expected to Drop this Year The number of people migrating from Dubai to Sharjah is projected to drop in 2015, because of which real estate experts believe the rents in Sharjah would fall. According to a news source, a drop in rental prices of properties in Dubai has caused people to stop migrating from Dubai to Sharjah. Dubai’s rental market had registered a hike of 65 percent in 2011, but it is now projected to go in ... more
Damac’s Akoya Oxygen to have Dubai’s first tropical rainforestThursday, February 26, 2015
Damac’s Akoya Oxygen to have Dubai’s first tropical rainforest Damac Properties, a popular real estate developer of Dubai, has revealed its plans to create the first tropical rainforest of the region in Akoya Oxygen. Akoya Oxygen would be unique in many ways as it is designed to become the greenest residential community of the UAE. With Dubai’s first ever rainforest to be created in this project, Akoya Oxygen will also earn Dubai a new recognition in the ... more
MHG and Dubai Properties to develop Anantara HotelThursday, February 26, 2015
MHG and Dubai Properties to develop Anantara Hotel Thailand-based Minor Hotel Group (MHG) and Dubai Properties have planned to develop Anantara Hotel in Dubai’s Cultural Village, which will be opened in early 2018, according to a news source. The project is located on the waterfront and is set to be one of the high-end hotels in Culture Village. It will comprise 290 guest rooms, restaurants, a rooftop pool and retail outlets. The project will ... more
Dewan initiates design development of Reem MallWednesday, February 25, 2015
Dewan initiates design development of Reem Mall Work on the design of Al Reem has been initiated, according to an announcement made by Dewan Architects & Engineers, a celebrated architecture firm in the Middle East and North Africa. Reem Mall is the new entertainment, shopping and dining destination, under development in Abu Dhabi. The project is worth AED 3.67 billion and is being developed by Kuwait-based companies United Projects for Avia ... more
Investment Activity doubles at Al Marjan IslandWednesday, February 25, 2015
Investment Activity doubles at Al Marjan IslandRas Al Khaimah: Al Marjan Island Company Managing Director Mr Abdullah Al Abdooli has unveiled that the sales and investment activity at Al Marjan Island doubled in January 2015, compared to that in January 2014. According to a news source, Mr Al Abdooli has attributed investment growth at Al Marjan Island to the long-term vision of Ras Al Khaimah Government. According to him, the project offers ... more
Downtown Dubai being monitored by 1,500 sensorsTuesday, February 24, 2015
Downtown Dubai being monitored by 1,500 sensorsEmaar, the famous developer of many master developments in the UAE, has revealed that about 1,500 sensors keeps a record of the number of visitors who enter Downtown Dubai each day. Emaar CEO Mr Mohamed Alabbar, while talking to a group of Nigerian journalists, could tell how many people entered the area on a daily basis. According to Alabbar, Downtown Dubai was visited by 80 million visitors in ... more
Emaar Set to Launch Sale at AcaciaTuesday, February 24, 2015
Emaar Set to Launch Sale at AcaciaEmaar, a well-known real estate developer, is set to launch the sale of apartments at Acacia in Park Heights. The project is a joint venture of Emaar and Meraas Holding and it will feature 479 one-, two, and three-bedroom apartments along with a golf course. According to a news source, the sale launch will be held at Emaar Pavillion in Downtown Dubai as well as in Abu Dhabi at Emaar’s sales ce ... more
Ministry of Public Works launched sustainable projects worth Dh10bn across UAEMonday, February 23, 2015
Ministry of Public Works launched sustainable projects worth Dh10bn across UAEThe Ministry of Public Works has launched various sustainable projects worth Dh 10 billion across the UAE. These projects include schools, cultural centres, sports complexes, a hospital, a prison and security centres with special stress laid on their designs to recycle water and energy. These projects, especially the hospital and the prison in Sharjah, are to be completed by the ministry following ... more
Apex Real Estate Set to Launch Residential Project in Meydan DistrictMonday, February 23, 2015
Apex Real Estate Set to Launch Residential Project in Meydan DistrictApex Real Estate, a Chinese Developer, has planned to launch its first residential project in District Eleven area of Muhammad bin Rashid City. According to a news source, the development is part of Meydan’s master plan and it will be designed to accommodate families. The community will feature mixed-use buildings, villas, parks, a mosque, a community centre and retail shops. The news source ... more
The stalled $1.9bn Living Legends project gets on track for completion this yearFriday, February 20, 2015
The stalled $1.9bn Living Legends project gets on track for completion this yearLiving Legends, a project of Saudi Developer Tanmiyat, which was stalled a couple of times followed by the property crash of 2008, is to deliver 150 villas in Q2 of 2015. The project includes homes, boutique hotel, shopping mall, clinics, schools and a 9-hole golf course. The project was being halted more than once in the past but it was restarted in 2012. In a statement issued by Tanmiyat, the ... more
Rising US Dollar Burgeons Dubai’s Real Estate MarketFriday, February 20, 2015
Rising US Dollar Burgeons Dubai’s Real Estate MarketThe real estate market of Dubai has room for price increases, which are usually driven by its world-class infrastructure and quality of life. According to a recent report by Knight Frank, international real estate consultancy, the property investors can buy almost 146 sq. metre of prime property in Dubai for S1 million, while the same area will cost the investors $3.5 million in Paris and $5.8 mil ... more
Creek Height Residences InauguratedThursday, February 19, 2015
United Arab Emirates (UAE) Prime Minister and ruler of Dubai, Sheikh Mohammad bin Rashid Al Maktoum inaugurated Creek Height Residences on Wednesday. Creek Height Residencies is a project of Wasl Asset Management Group and it comprises two towers of five-star Hyatt Regency Hotel and high-end apartments. Sheikh Bin Rashid Al Maktoum - along with other government officials - visited the new develo ... more
DLD becomes strategic partner of UK’s Dubai Property ShowThursday, February 19, 2015
DLD becomes strategic partner of UK’s Dubai Property ShowDubai Land Department has become a strategic partner with Dubai Property Show, which is taking place in London from February 27 to March 1, 2014. As a partner of this major real estate exhibition held in the UK, DLD intends to brand and present the real estate market of Dubai as an attractive one for investors from all over the world. Dubai Property Show is being organised in conjunction with In ... more
Lootah Real Estate Development to Deliver Shamal Terraces VillasWednesday, February 18, 2015
Lootah Real Estate Development to Deliver Shamal Terraces VillasLootah Real Estate Development, a well-known real estate developer, has planned to hand over villas in Shamal Terraces Phase II in May 2015. Located at Jumeirah Village Circle, Shamal Terraces Phase II is part of Shamal Community. According to a news source, the built-up area of Shamal villas ranges 4,481 to 6362 square feet. Shamal Community spans 147, 000 square feet and the total cost of th ... more
Construction contracts worth Dh1.2bn awarded to Damac PropertiesWednesday, February 18, 2015
Construction contracts worth Dh1.2bn awarded to Damac PropertiesDamac Properties, a prime real estate developer of Dubai, has been awarded construction contracts worth Dh1.2bn. The developer got all five of these contracts within the last month, making it all set to take the lead in 2015. Damac Properties Vice President Mr Niall McLoughlin said they intend to deliver the units in the next few years. Damac has already handed over 13,000 units so far and it pl ... more
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