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 ...
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UAE’s first-ever ‘water homes’ arrives at Marasi Business Bay
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 ...
Read More »DAMAC Properties awards 370 contracts worth AED3.5 billion
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 ...
Read More »DLD to introduce latest real estate services at Cityscape
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 ...
Read More »Abu Dhabi’s Eshraq, Reem to create mega realty firm
Abu Dhabi / Agencies Eshraq Properties Company PJSC (“Eshraqâ€) and Reem Investments PvJSC (“Reemâ€) 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 Transactionâ€). This Transaction will create ...
Read More »Property market H1 results reflect confidence in domestic economy
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 ...
Read More »Brokerage commissions in Dubai real estate market top AED820mn
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 ...
Read More »Emaar unveils new ‘17 Icon Bay’ residences in Dubai Creek Harbour
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 ...
Read More »Singapore’s home sales surge even as foreign demand subdued
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 ...
Read More »Damac villas to feature Cavalli designs
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, ...
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