Real Estate

DUBAI/GULF TIME Danube Properties, a leading private developer in the UAE, organised another exhilarating edition of its highly anticipated annual event, ‘Battle of the Brokers,’ on Sunday, marking yet another milestone in the company’s commitment to promoting fitness, community engagement, and an active lifestyle in Dubai. Dubai, known for its iconic skyline and rapid growth, is also a city that ...

DUBAI/GULF TIME OC Home, a youthful, homegrown brand known for its blend of affordable and modern home décor, announces the grand opening of its 5th store in Dubai, located in the bustling City Centre Mirdif. To celebrate the event, customers are offered an irresistible 40% off on everything in-store until September 1st, 2024. This latest addition marks a significant milestone ...

ABU DHABI / GULF TIME The Abu Dhabi Housing Authority (ADHA) has announced the adoption of digital twin technology to showcase its housing projects. This initiative focuses on 3D real-time visualization of housing options. Additionally, through collaboration with NNTC, a leading company in digital twin technologies in the UAE, the Authority offers an integrated virtual experience where individuals can explore ...

ABU DHABI/ GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling work contractor for Casares, phase three of the fully integrated and all-inclusive residential community, Bloom Living. Scheduled to be completed in Q1 2026, all of Casares’ units that range from two-and three-bedroom townhouses, are ...

DUBAI/ GULF TIME Danube Properties’ latest project Oceanz has sold out one of the two towers at launch due to growing investor trust in the developer’s strong property delivery credentials. The Dh2.5 billion Oceanz project was unveiled at an exclusive launch event where selected investors and home buyers from all over the world snapped up the launched units at the ...

BLOOMBERG  The first rise in UK house prices in seven months was overshadowed by a rapidly darkening outlook for the property market after a surge in bets for higher interest rates. The average cost of a UK home rose to £286,000 ($363,520) in April, up 0.5% compared to the previous month, the Office for National Statistics (ONS) said. The figures ...

BLOOMBERG A Chinese property developer whose default in 2021 has since fed into a broader industry rout is facing resistance to its restructuring plan from a major shareholder. Fantasia Holdings Group Co’s second-biggest shareholder TCL Industries Holdings Co opposes the terms of the debt-to-equity swaps, a key part of the restructuring proposal that would dilute shareholders’ stakes, according to people ...

BLOOMBERG The UK’s construction industry grew more slowly than expected in March as sliding demand for houses cut into activity across the sector. The Construction Purchasing Managers’ Index from S&P Global fell to 50.7 in March — above the crucial no-change reading of 50 but down from 54.6 in February. It missed economists’ expectations of 53.6. While activity on commercial ...

ABU DHABI / GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling works contractor for Toledo, phase two of the fully integrated and all-inclusive residential community, Bloom Living. Toledo comprises 405 units ranging from two-and three-bedroom townhouses with sizes starting from 120 sqm to 171 ...

BLOOMBERG Swedish home prices have yet to hit a bottom as one of the world’s most severe housing routs is about to enter its second year. Soaring consumer prices and a string of interest-rate increases have dealt a heavy blow to the Swedish economy, which is particularly sensitive to rising borrowing costs. The country’s households have some of the highest ...