Saudi German Hospitals to build a 300-bed facility in AjmanThursday, December 18, 2014
Saudi German Hospitals to build a 300-bed facility in Ajman Saudi German Hospitals Group plans to open a 300-bed facility in Ajman based on 1 million square feet, which will be completed by 2017. Saudi German Hospitals Group opened a 315-bed hospital in Dubai in 2012 which was the first project of the group. With the company’s plan to further expand in UAE, it is now eyeing a new facility in Ajman. The facility will be designed by International Hospi ... more
Russian Ruble in free fall making UAE developers cautious about Russian off-sales exposureThursday, December 18, 2014
Russian Ruble in free fall making UAE developers cautious about Russian off-sales exposure UAE developers show concern regarding Russia and Commonwealth of Independent States’ (CIS) exposure to Dubai real estate as the free fall in Russian ruble has made it more expensive for Russian buyers to keep up with their impending instalment commitments. Leading developers in Dubai are now taking a closer look at their off-plan sales in order to ascertain whether overseas buyers including R ... more
Dubai Investments Aims Diversification Wednesday, December 17, 2014
Dubai Investments Aims Diversification  Dubai Investments is seeking to analyse diversified projects, all focusing on Dubai Investments Park, in order to invest AED 6.35 billion. Dubai Investments Managing Director Mr Khalid bin Kalban has shown interest in investing AED 600 million in the financial sector as well as in a real estate company, in order to acquire majority stake of 51 percent. Dubai Investments has disclosed its plan ... more
Developer Plans Budget Project In Healthcare CityWednesday, December 17, 2014
Developer Plans Budget Project In Healthcare City Kuwait-based property developer Action Group Holdings plans to develop a three star Premier Inn hotel on a plot purchased from Dubai Government in Dubai Healthcare City worth US$15.7. This 240 room hotel will be ready by 2016. Action Group Holdings has recently acquired a plot of size 26,312 square feet for the purpose of building a budget hotel. While this is the first property of Action Group ... more
Maids’ Room Size Varies Across UAETuesday, December 16, 2014
Maids’ Room Size Varies Across UAE Rooms inhabited by maids are now required to have a floor space of no less than 6.5 square metres and should be at least 2.1 metres in length and width, per Abu Dhabi Municipality. According to a news source, residential building developers were found to be misrepresenting storage space for maid’s room. Despite regulations regarding the size of maid’s room, confusions prevail over enforceme ... more
Developer Delivers before the Date of CompletionTuesday, December 16, 2014
Developer Delivers before the Date of Completion UAE-based property developer Al Thuriah has announced that more than half of its latest project Sahara Tower 3, a part of Sahara Complex, has been completed and is ready to be handed over to potential investors and buyers. Al Thuriah CEO Mr Raymon Khouzami has stated that the delivery of the project before its scheduled date has allowed the company to capture the interest of buyers as a reliabl ... more
Nakheel Leases Retail Space at The Circle MallFriday, December 12, 2014
Nakheel Leases Retail Space at The Circle Mall Dubai-based master developer Nakheel Properties has started leasing approximately 400,000 square feet of retail space at The Circle Mall. The offered retail space includes designated spots for shopping, dining and entertainment. The Circle Mall is projected as the new retail and leisure destination at Nakheel’s master community, Jumeirah Village Circle (JVC). According to reports the new mal ... more
Another project revived in Dubai: This time the docks got lucky!Thursday, December 11, 2014
Another project revived in Dubai: This time the docks got lucky! Dubai-based property developer Omniyat has finally broken ground on its 48-storey Anwa tower in the Dubai Maritime City. Dubai Maritime City is a mega project that was launched in 2003 but was then put on hold due to the unfortunate crash of the real estate market. The project is located close to Port Rashid. According to reports, the construction work has started on the first apartment block ... more
Economic Diversification Boosting Abu Dhabi RealtyWednesday, December 10, 2014
Economic Diversification Boosting Abu Dhabi Realty Abu Dhabi’s initiative for economic diversification is directly improving the rental demand for its residential units. According to Cluttons, an international real estate consultancy, the mentioned effect is actually delivering long term sustainability to Abu Dhabi’s real estate market. The strong economy of Abu Dhabi is expected to improve the aviation, education and healthcare sectors a ... more
Technical Team from Expo 2020 Visits Milan As They Prepare for Expo 2015Tuesday, December 09, 2014
Technical Team from Expo 2020 Visits Milan As They Prepare for Expo 2015A team of representatives from Expo 2020 Dubai was invited to Milan to observe and examine how the Expo 2015 preparations are going on, and how the six-month event execution is being planned out. The Dubai team consisted of representatives from the Dubai Road & Transport Authority, Dubai World Trade Centre, Dubai Municipality, Expo 2020 Dubai Bureau, Dubai Municipality and Dubai Police. Assumed ... more
Dubai Price Decline Fails To Lower Developers’ Morale Tuesday, December 09, 2014
Dubai Price Decline Fails To Lower Developers’ Morale Despite the slight decline in the property prices, Dubai real estate developers continue to launch new projects, a phenomenon that depicts the faith people have in the real estate market of the emirate. According to a UK-based property expert, the property prices in Dubai declined by 5.2 percent in the third quarter of the current year, but even that failed to lower the morale of real estate de ... more
Increasing Population Calls For 51 New Schools In DubaiMonday, December 08, 2014
Increasing Population Calls For 51 New Schools In Dubai The swiftly increasing population of Dubai may lead it to invest a sizeable amount of money on its education sector by 2020, prompting the emirate to introduce 51 new schools in 6 years, according to Colliers International, a renowned real estate consultancy firm. Colliers International has observed that in the last few years the private education sector witnessed substantial growth that double ... more
DRA Eases Inheritance Issues for Dubai ExpatsFriday, December 05, 2014
DRA Eases Inheritance Issues for Dubai Expats Dubai continues to make life easier for its residents, especially expats, and in a revolutionary move the emirate has introduced new rules relating to inheritance and succession issues for non-Muslims owning properties in Dubai. The Dubai International Financial Centre (DIFC) Dispute Resolution Authority (DRA) launched a month-long consultation in November 2014 with UAE legal community and the ... more
Dubai Was Most Affordable For Tenants In SummersThursday, December 04, 2014
Dubai Was Most Affordable For Tenants In Summers The real estate market was observed to be particularly affordable for tenants in June as compared to February when the rents peaked. According to a real estate research company, in February 2014, rental prices increased by 2.99 percent. Furthermore, while rental prices of apartments went up by 3.27 percent, villas saw a jump in prices by 1.64 percent. On the contrary, June presented an entire ... more
Downtown Dubai Invulnerable to Emaar’s New Mega DevelopmentWednesday, December 03, 2014
Downtown Dubai Invulnerable to Emaar’s New Mega Development Emaar Properties claims that its master development Downtown Dubai will have no harmful effects if the company moves to develop new mega projects in the Emirate. Downtown Dubai is one of the most popular developments in the UAE and houses the world’s tallest tower, Burj Khalifa, and Dubai Mall, one of the largest shopping malls in the world. Emaar Properties Chairman Mr Mohamed Alabbar has ... more
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