Real Estate

Dubai / Emirates Business Dubai Land Department (DLD) has released its H1 2017 Transactions Report up until June 30, through the Real Estate Research and Studies Department, announcing that total real estate transactions for this period reached a value of AED 132 billion, achieved through 35,571 sales, mortgages and other transactions. The report reveals that the market has achieved a ...

Bloomberg Gerald Ronson’s UK property company plans to sell its stake in the City of London office building known as Heron Tower, a person with knowledge of the matter said, as overseas investors pay record values for properties in the financial district. Ronson’s Heron International owns about a third of the 46-story skyscraper officially called 110 Bishopsgate. The stake will ...

Bloomberg Move over Kensington and Chelsea. The area of London that’s seen the biggest jump in property values over the past five years has been Waltham Forest. According to mortgage lender Halifax, prices in the capital’s northeast borough have jumped 93 percent since 2012 when the city hosted the Olympic Games nearby. That outstrips the 57 percent gain across Greater ...

DUBAI / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, has launched Deyaar Al Khair, an initiative that will provide free maintenance services to underprivileged families across the country through its subsidiary, Deyaar Facilities Management (DFM). As part of its initiative, Deyaar has signed memorandums of understanding with the Beit Al ...

Bloomberg Home prices surged in China’s smaller cities even as property curbs dragged down values in Beijing and Shanghai in June, highlighting the challenge for authorities trying to limit bubble risks. New-home prices, excluding government-subsidized housing, rose month-on-month in 60 of 70 cities, the National Bureau of Statistics said on Tuesday. That compared with 56 in May. In Beijing, prices ...

Bloomberg The UK housing market will cool this year as uncertainty around Brexit hits the economy, according to PricewaterhouseCoopers LLP. Home-price inflation will slow to 3.7 percent from 7 percent in 2016, and London will be the most severely impacted, PwC said in a report published Tuesday. The changes reflect the wider economic picture as inflation and Brexit take their ...

Bloomberg London home starts rose to the highest in 18 months even as the number of unsold properties under construction climbed amid uncertainty surrounding Brexit. Construction began on 6,962 units during the second quarter, according to a report by Molior London seen by Bloomberg News. That’s 42 percent higher than a year earlier and the most since the fourth quarter ...

ABU DHABI / WAM Aldar Properties is on track to hand over its Ansam project on Yas Island during the fourth quarter of 2017, while making strong progress across a number of other developments in key destinations. Situated on the west side of Yas Island, construction of the Andalusian-style apartment development, Ansam, is entering its final stages. Building facade works ...

Dubai/ Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, announced the launch of sale of new units in the next phase of the Remraam community development, strategically located within Dubailand, at an attractive price starting from AED448,000. The off-plan units, comprising one and two- bedroom apartments, will be ...

Bloomberg First it was the collapsing oil price. Now it’s Britain’s quest to leave the European Union. There’s little respite for the country’s worst-performing property market. Home prices in Aberdeen, Britain’s oil hub on Scotland’s northeast coast, have fallen more than 10 percent over the past three years as the North Sea energy industry slumped. Now it’s the political backdrop ...