Real Estate

Dubai / Emirates Business During a visit to region’s biggest property event, DAMAC Properties Chairman, Hussain Sajwani, sees Dubai’s maturing property sector entering a new cycle of growth. DAMAC has significant presence at the 16th Cityscape Global 2017 with a 528 square meter stand. DAMAC’s first-half year sales performance, the continuing recovery of global economies through GDP growth indicators, as ...

Dubai / Emirates Business The UAE retained its number one position as the most appealing country to invest in real estate in the world for GCC residents, while Dubai is the most preferred city, according to new research. The latest Real Estate Barometer study, conducted in partnership between YouGov and Cityscape Global, asked GCC home buyers and real estate investors ...

Dubai / Emirates Business MAG Property Development (MAG PD), the property development arm of MAG Group, has announced that it will showcase five real estate projects at Cityscape Global 2017, the world-leading real estate exhibition that will take place at the Dubai World Trade Center (DWTC) from September 11-13. Talal Moafaq Al Gaddah, CEO of MAG Property Development, commented: “Our aim ...

SHARJAH / WAM A massive 24 million square metre-project said to be generating AED24 billion in real estate value was launched in Sharjah in the presence of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The Aljada, owned by Arada, is said to be the largest privately-owned mixed-use real estate project in the ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer celebrated the spectacular voyage of the UAE’s first-ever water home as it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay. Over the coming days, the city will see more homes float into Marasi as Dubai ...

Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, announced it has awarded more than 370 contracts worth AED 3.5 billion since January this year. The contracts included construction, supplier and consultancy services across its portfolio of developments. The bulk of contracts awarded this year have been for DAMAC’s largest master golf community, AKOYA ...

Dubai / Emirates Business Dubai Land Department (DLD) announced its support for ‘Cityscape Global 2017’, the 16th edition of the region’s premier real estate event. During the three-day exhibition, which will take place from September 11-13 at the Dubai World Trade Center, DLD will be connecting with visitors to introduce them to the latest real estate services at platform SHA10 ...

Abu Dhabi / Agencies Eshraq Properties Company PJSC (“Eshraq”) and Reem Investments PvJSC (“Reem”) confirmed that the discussions are at an advanced stage over a potential strategic investment in Eshraq (by way of subscription for new shares to be issued by Eshraq) in return for the acquisition of Reem’s entire business and assets (the “Potential Transaction”). This Transaction will create ...

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 ...