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Dubai: The new Cost of Living Survey from global HR consulting firm Mercer has revealed Dubai as the most expensive city in the GCC for expats to live in, having risen to 20th place from a ranking of 52nd last year. Read the rest of this entry »

Britons investing in Dubai real estate sector might lose millions of pounds due to falling house prices and new rules on unbuilt properties.
A group of 800 British investors who bought property ‘off-plan’ are at risk of losing their money as work has slowed on building sites after a collapse in Dubai’s housing market in the wake of the global financial crisis, the Daily Telegraph reported on Friday. Read the rest of this entry »

Dubai: All mass transit projects, including additional metro lines announced by the Dubai Roads and Transport Authority (RTA), will be implemented after studying the needs of the respective areas, a senior official said. Read the rest of this entry »

Property developer based in Bahrain, Crown Dilmun Development plans to start construction at its first project in the UAE, a $500 million (Dh1.84 billion) mixed-use property in Ras Al Khaimah next October, company chairman Ebrahim Ali Abdulaal Al Fahad said. Read the rest of this entry »

Abu Dhabi’s real estate and infrastructure projects are going on in full swing, with developers and government entities investing huge sums to create an extremely trendy city at par with global living standards, industry experts and government officials say. Read the rest of this entry »

Dubai residential property prices level off to 19.1 per cent in the final quarter of 2008, according to a new, but overall real estate properties’ value climbed 10.8 per cent last year. Read the rest of this entry »

InterContinental Hotels Group (IHG), the world’s leading hospitality group, has signed a deal with Tiger Developments to build a 17-storey 192-room InterContinental hotel in Edinburgh due to open in 2013. Read the rest of this entry »

Arabtec, UAE’s largest contractor for construction and real estate industry, is targeting 5 projects in Egypt as it looks to expand in the region. Read the rest of this entry »

Memon Investments, a leading Dubai-based property developer, has projected that the UAE real estate market will bounce back within the next 8 to 12 months. The developer has based its optimistic forecast on recent industry findings, which reflect a decline in the construction cost per square foot within Dubai by an average of 30% since the onset of the economic crisis. Read the rest of this entry »

Al Maabar International Investments, Abu Dhabi-based property developer, has revealed plans to develop $10 billion worth waterfront real estate and tourism project in Jordan. Al Maabar would see development in Aqaba on the Red Sea coast. Read the rest of this entry »

UAE’s economic growth will pick up next year and investments will remain strong, according to a top government official. The huge investment in knowledge-based economy will make Abu Dhabi an exporter of know-how rather than an importer thereof, official added further. Read the rest of this entry »

Dubai : A Dh1.77 billion writedown in its US subsidiary John Laing Homes in the fourth quarter pulled down market mover Emaar Properties’ net profits by 54 per cent to Dh3.05 billion last year, the developer said in a statement. Read the rest of this entry »

Dubai: UAE markets advanced for the third consecutive day this week, tracking gains in the global and regional markets and crude price holding steady. Read the rest of this entry »

Abu Dhabi: Abu Dhabi plans to inject more liquidity through the banking system into the market to ease the impact of the global financial crisis, Shaikh Sultan Bin Khalifa Al Nahyan, member of the Abu Dhabi Executive Council, said on Tuesday. Read the rest of this entry »

His Excellency Mohamed Alabbar at DIFC

• Initiative of H.H. Sheikh Mohammed Bin Rashid Al Maktoum rapidly addressing economic challenges
• Managing supply in Dubai real estate market to ensure equilibrium
• Focusing on clarifying Government debt burden; encouraging further Central Bank action to ensure adequate liquidity. Read the rest of this entry »

Actor, in Ajman, unveiled  the ‘Crescent Star’ project, a 33-storey apartment hotel property.

After Shah Rukh Khan, Fardeen Khan is the latest Bollywood star to lend his name to a real estate project in the UAE. The actor at a ceremony in Ajman introduced the exclusive unveiling of the ‘Crescent Star’ project, a 33-storey apartment hotel property. Read the rest of this entry »

Nakheel’s biggest real estate projects include Palm Deira, the World, Dubai Waterfront and Nakheel Harbour and Tower development.

Dubai’s leading real estate developer, Nakheel tops the list of big property owners in the UAE with $98 billion (Dh360.44 billion) worth of projects, according to dmg world media Dubai, the organisers of Big 5 Exhibition. Read the rest of this entry »

Amlak and Tamweel will contribute to the creation of a strong entity that will boost the property finance market in Dubai.

Two of the leading UAE-based real estate finance providers, Amlak Finance PJSC and Tamweel will be merged into a new entity under the umbrella of the Real Estate Bank, the Ministry of Finance announced. Merger of Amlak and Tamweel will contribute to the creation of a strong entity that will boost the property finance market in Dubai. Read the rest of this entry »

Nakheel’s biggest real estate projects include Palm Deira, the World, Dubai Waterfront and Nakheel Harbour and Tower development.

Dubai’s leading real estate developer, Nakheel tops the list of big property owners in the UAE with $98 billion (Dh360.44 billion) worth of projects, according to dmg world media Dubai, the organisers of Big 5 Exhibition. Read the rest of this entry »

Dubai offers a wide range of housing options that range from studio to penthouse and If you wish to settle in Dubai you could either purchase a freehold apartment or rent an apartment with the help of an agent. Read the rest of this entry »

A leading real estate firm in Abu Dhabi, ALDAR Properties inks signed a pact with The Ritz-Carlton Hotels Company for building a number of luxury hotels in Abu Dhabi to be managed by The Ritz-Carlton. The two announced the signing of the second hotel management agreement which relates to The Ritz-Carlton Abu Dhabi, Al Dana to be developed at Al Dana precinct on Al Raha Beach development. Read the rest of this entry »

UAE office space is showing little sign of slowing down business-wise, and the construction and development sectors in particular continue to be attracted to the Gulf region, creating a lucrative market for the world’s office suppliers. Read the rest of this entry »

HE Sheikh Sultan Bin Tahnoon Al Nahyan, Chairman, Abu Dhabi Tourism Authority (ADTA), inaugurated ‘The Souk’ at Qaryat Al Beri, a retail property by Qaryat Al Beri Resort Development Company LLC, a joint venture between Al Jaber Group and Tourism Development and Investment Company (TDIC). The Souk is located between Maqtaa and Musaffah bridges and adjacent to Shangri-La Abu Dhabi. Qaryat Al Beri is one of the most distinguished waterfront properties in Abu Dhabi. Read the rest of this entry »

A Kuwaiti shareholding property development firm, National Ranges Company (Mayadeen), has unveiled Aurora, a Dh1.6 billion landmark project in Abu Dhabi, and opened it for sales.

Ali Al Attar, Mayadeen, Chief Executive, said: "Mayadeen has signed with five contractors for this project and progress is on schedule. We are beginning to witness a large number of investments in Abu Dhabi’s real estate market and this looks set to continue over the upcoming decade." Read the rest of this entry »