Dubai's realty sector termed most transparent in MENAThursday, June 30, 2016
Dubai\ Talk about transparency in law and you will have Dubai on the top spot in the Middle East and North Africa (MENA) region. The emirate simply excels in all sectors of law be it matters related to crime and punishment or real estate transactions. To provide proof to our claims, JLL and LaSalle Investment Management's 2016 Global Real Estate Transparency Index (Greti) has now ranked Dubai's propert ... more
Sharjah's iMall opens, grand celebrations on first day of Eid Thursday, June 30, 2016
Sharjah\Sharjah's newest mall, iMall, opened its door to customers on Thursday, with developer Nice Home Real Estate announcing grand opening celebrations on first day of Eid al-Fitr 2016. During the opening ceremony iMall Director Monir Lotfi said, "We have planned a number of activities catering to families. Some of these activities include an LED light show; an Ariel act; special entertainment by danc ... more
Infrastructure works on Expo 2020 site to begin soonTuesday, June 28, 2016
Infrastructure works on Expo 2020 site to begin soon Director-General of Expo 2020 Dubai Bureau Reem bint Ibrahim Al Hashimy has announced that infrastructure works on the Expo site are scheduled to begin shortly. Al Hashimy, who is also Minister of State for International Cooperation, added that the developers aimed at completing the major construction on the site a year ahead of the Expo's opening. The announcement came when Al Hashimy was spe ... more
Developer awards contract worth AED 3 billion during H1 2016Monday, June 27, 2016
Developer awards contract worth AED 3 billion during H1 2016 Dubai-based luxury property developer Damac Properties has revealed that it awarded 25 consultancy and construction contracts worth AED 3 billion in the first half of 2016. This outlines the magnitude of construction activity currently underway in Dubai. The developer said the contracts awarded included the main package for Golf apartment buildings at Carson – The Drive at Akoya by Damac ... more
Sharjah Media City becomes free zone authorityWednesday, June 22, 2016
Sharjah Media City becomes free zone authority Sharjah Media City site has recently been made a free zone authority. This means that business can now have an additional place to hold operations in Sharjah without worrying about the taxes. The site received its free zone status after the Ruler of Sharjah and Supreme Council Member His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi issued an administrative decision on making it a free zone ... more
GFH Financial Group announces new subsidiary to develop Dubai California VillageWednesday, June 22, 2016
GFH Financial Group announces new subsidiary to develop Dubai California Village Bahrain-listed investment company GFH Financial Group has announced its plans of launching a specialist real estate division, GFH Real Estate, to develop its various projects in Dubai and Bahrain. The company said its division would manage those projects in Bahrain and Dubai which the company had previously invested in. The new division would also have initial assets of $40 million at its dispo ... more
Starwood opens W Dubai Al Habtoor City on Sheikh Zayed RoadWednesday, June 22, 2016
Starwood opens W Dubai Al Habtoor City on Sheikh Zayed RoadStarwood Hotels & Resorts has opened its new hotel W Dubai – Al Habtoor City on Sheikh Zayed Road. The new property debuts its lifestyle brand W in the UAE. W Dubai – Al Habtoor City is owned directly by Al Habtoor Group and feature 33-storeys of prime hotel space. The W Lounge on the 30th floor would serve as the check-in point for guests, instead of the traditional hotel lobby on ... more
First phase of Dubai's Living Legends project handed overMonday, June 20, 2016
First phase of Dubai\ Tanmiyat Group has finally handed over keys to 184 villas and one tower block at its Living Legends project in Dubailand. The handover has come after a six-year delay. The Saudi Arabian property developer said it had handed over the first phase of the 15 million-square-foot project after it was finally connected to Dubai's electricity and water grid. The mega project envisions 500 villas and 12 ... more
DLD launches new portal to assist property surveyors in DubaiTuesday, June 14, 2016
DLD launches new portal to assist property surveyors in Dubai Dubai-based government agency Dubai Land Department (DLD) has launched a new online system that allows licenced survey companies to upload data into its database. This new portal is expected to save valuable time of property survey companies as they will not be required to visit DLD offices to submit their reports. According to a statement issued by the DLD, the new system would replace pape ... more
Limitless awards contract worth AED 227.5 million to Eastern InternationalTuesday, June 14, 2016
Limitless awards contract worth AED 227.5 million to Eastern InternationalDubai-based property developer Limitless has awarded the construction contract for the completion of two residential towers at The Galleries at Downtown Jebel Ali to UAE-based Eastern International. The contract is worth AED 227.5 million and The Galleries is developer's 200 hectare master development in Downtown Jebel Ali. The two towers would comprise 641 apartments in total with retail space ... more
DLD's new initiative aims to create global real estate networkThursday, June 09, 2016
DLD\ The Dubai Land Department (DLD) will launch the Dubai Global Initiative Real Estate Connect programme later this year in order to promote understanding of other realty markets around the world. The programme will be undertaken by DLD's educational arm, Dubai Real Estate Institute (DREI), and will begin with a a visit to Delhi and Bengaluru from August 12 to 17. According to the schedule, arr ... more
Dusit's Princess brand ready for reintroduction in DubaiWednesday, June 08, 2016
Dusit\ Dusit Hotels and Resorts has announced plans of reintroducing its Princess brand in Dubai. The announcement has come ahead of the hotel's ground breaking ceremony scheduled to be held soon. Previously, Dusit operated a single Princess property in Dubai's Deira district, the only one developed outside Thailand. The new development will mark the second time the brand is developing a property in ... more
Danube's AED 300m Dubai Glamz project sold outWednesday, June 08, 2016
Danube\ Danube Properties has sold out its Glamz project in Al Furjan in just over a month following the launch. The AED 300 million project, consisting of two-towers, was the latest offering undertaken by the real estate development firm. The company said that after selling all 418 apartments in the project, the company was proud of its track record of selling out its entire stock on the six project ... more
Corinthia Hotels enters GCC with hotel in DubaiWednesday, June 08, 2016
Corinthia Hotels enters GCC with hotel in Dubai Noted hospitality group Corinthia Hotels is all set to launch its first hotel project in Dubai after signing a partnership agreement with Meydan Group. Corinthia already operates hotels in the Middle East region, including properties in Khartoum and Tripoli. The Dubai hotel will be its first in the gulf country and will introduce the hoteling brand to the GCC region. While commenting on the ne ... more
Dubai bags fourth spot in world retail listWednesday, June 08, 2016
Dubai bags fourth spot in world retail list Dubai has bagged the fourth spot worldwide in a global retail list, according to a latest report. JLL's Destination Retail report said the GCC markets had shown exceptional growth and presence on the world's shopping map, helping Dubai claim the fourth spot. “Though the list is mostly dominated by cities in Asia Pacific, still many destinations in the Middle East are improving their po ... more
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