Real Estate

ABU DHABI / WAM The decent gains held by listed UAE property companies during H1 2017 reflect the positive sentiments prevailing in the UAE realty market and corroborate investors’ growing confidence despite global economic headwinds, according to a real estate expert. “The UAE property market is forging ahead towards more maturity at the current stage, with property development companies exhibiting ...

Dubai / WAM Dubai Land Department (DLD) announced that over AED 820 million worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of June this year. Yousuf Al Hashimi, Deputy Executive Director of RERA, the regulatory arm of DLD, said, “Brokers play an essential role in our sector, representing ...

Dubai / Emirates Business Emaar Properties brings an elegant new residential choice, defined by its picturesque setting in the heart of the Island District of Dubai Creek Harbour, the 6 sqkm mega-development only 10 minutes from the Dubai International Airport. A 43-storey sleek residential tower, 17 Icon Bay, the new project stands out for the direct views it offers of ...

Bloomberg After years of declines, Singapore’s home sales are on a roll, even as purchases by foreign buyers have remained muted. Stringent stamp duties levied by the government have had the intended effect of damping speculative foreign demand, with foreign buyers accounting for just 6 percent of purchases in the first half, data from Cushman & Wakefield show. That compares ...

Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, has announced a collaboration with the Roberto Cavalli Group to launch the world’s first villas to feature interiors with the “Just Cavalli” signature-style. Located in one of Dubai’s most prestigious golf communities, the luxury villas perfectly embody the designer’s bold and iconic styling and ethos, ...

Bloomberg London property sellers are reining in their expectations as demand for homes continues to ease and the slowdown across the market shows few signs of letting up. Asking prices in the city rose 1.6 percent in August over the past year, Rightmove Plc said on Monday. While that’s up from the July pace, it’s well below a 2014 peak ...

Bloomberg An unexplained share surge for developer China Evergrande Group on Monday saw the company blow past China Vanke Co. to reclaim the title of biggest Hong Kong-listed Chinese developer by market capitalisation. On a day when positive news for the industry included China Overseas Land & Investment Ltd. upgrading its sales target and Sunac China Holdings Ltd. predicting a ...

Dubai / Emirates Business Emaar Properties announced the launch of ‘Dubai Hills Mall,’ a family retail district located in the heart of Dubai Hills Estate, the 11 million sqm master-planned green oasis set in easy proximity to Al Maktoum International Airport and Downtown Dubai. A regional retail and leisure destination scheduled to open late-2019, Dubai Hills Mall will have a ...

Bloomberg One in 10 adults in the UK owns multiple houses, underscoring a growing generational divide in the nation’s property market. While overall home ownership has dropped this century as prices skyrocketed, the number of people with at least two properties has jumped 30 percent to 5.2 million between 2000-02 and 2012-14, the Resolution Foundation said. The vast majority of ...

Bloomberg China formally laid down new rules on overseas investments, making explicit its de facto campaign against “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out three categories—banned, restricted and encouraged—while backing companies to support the nation’s ambitious “Belt and Road” initiative backed by President Xi Jinping, the State Council said. ...