Real Estate

DUBAI / WAM Dubai Land Department (DLD) announced that over AED 1.3 billion worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of September this year, with a total number of 6,200 active brokers working in Dubai’s real estate market. Real estate brokers achieved these commissions after securing land, ...

DUBAI / WAM Real estate master developer Nakheel is heading to India with a diverse range of investment opportunities and incentives as it attends the Dubai Property Show (DPS), in Mumbai for the third consecutive year. Nakheel is offering completed, ready- to-move-into apartments, townhouses and villas. Special incentives, including extended payment plans, are also available for DPS visitors who purchase ...

DUBAI / Emirates Business Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of this year exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions. According to the report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai ...

RIYADH / Reuters Emaar Properties expects to pay a special dividend to shareholders by December or January from proceeds of a partial listing of its real estate business, the property developer’s chairman said on Tuesday. Dubai’s largest listed property developer had said on Sunday it expects to list 20% of Emaar Development. It has received shareholder approval to list up ...

DUBAI / Emirates Business wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, has taken a leading position in Dubai’s freehold market following the announcement of its flagship freehold project, wasl1. The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s ...

Bloomberg The company that helped build entire neighbourhoods in Dubai plans to sell part of its business in the UAE in an initial public offering. Emaar Properties PJSC, which spearheaded a building boom in the emirate over the past 15 years and built the world’s tallest skyscraper in Dubai, will sell 20 percent of its real-estate development business, according to ...

Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, has entered into a strategic partnership with Huawei with the signing of a Memorandum of Understanding (MoU). The new partnership will provide residents of Deyaar properties with cutting edge technology solutions, including smart home applications and state of the art network ...

Bloomberg Washington’s most powerful trade associations spent more than $30 million on lobbying in the third quarter as Congress ramped up efforts to overhaul of the US tax code. Real estate groups were among those spending heavily, according to lobbying disclosures released for three months. The National Association of Realtors, among Washington’s biggest spenders, doled out $11.1 million during the ...

Dubai / Emirates Business DAMAC Properties Dubai Co. PJSC, a leading property developer in the Middle East, on Wednesday announced its first-nine months of 2017 financial results, reporting total revenue of AED 5.8 billion and net profit of AED 2.3 billion. As of September 30, DAMAC’s booked sales for 9M stood at AED 6 billion, representing a 13 percent increase ...

Dubai / Emirates Business Azizi Developments, a fast growing real estate developer headquartered in Dubai for over a decade, announced the plan to launch a new mega community project in the heart of Dubai at an estimated cost of AED25 billion, further signifying the developer’s continued rapid growth in the region. The new project, whose name is yet to be ...