Dubai’s hospitality industry is poised for solid growth this year with the value of its major projects, including new hotels, resorts and hotel apartments, surging to $43 billion for the first quarter, up 6.1 per cent over last year, according to a report. Continue Reading
Higher expenses and a loss in fair valuation of investments contributed to the decline Continue Reading
China is also a key investor in sectors such as real estate and construction Continue Reading
Dubai has been my home for nearly for nearly 40 years now, and during this time, I have seen it go through numerous booms and busts. Continue Reading
Developer sees net profit drop to $17.7m as compared to $18.2m registered last year. Continue Reading
Off-plan residential transactions in Dubai for the first six months of 2018 were down 20 per cent from last year during the same period, according to GCP-Reidin. On the ready property side, sales in the first six months of the year held up well, with an increase of around about 6 per cent year-on-year. Continue Reading
Dubai’s hospitality projects hit $43bln in Q1, up 6.1% Continue Reading
Visitor numbers to the UAE are expected to burgeon following the country's recent decision to refund value added tax (VAT) payments to tourists. Continue Reading
Alphen Capital says growth rates will be between 6 and 12 per cent Continue Reading
Egypt's historic Al Alamein Hotel has officially reopened after a major facelift by Emaar Hospitality Group, making it one amongst the finest resorts along the Mediterranean. Continue Reading
MAG Lifestyle Development (MAG LD), the property development arm of MAG Group Holding, held its exclusive annual broker-only dinner where the participants were invited to watch the World Cup final game and also be introduced to exclusive broker rewards via MAG LD’s ‘Brokers Loyalty Programme’. Continue Reading
Leading landscape architects and designers along with top property developers will be in Dubai this November to showcase their wide range of landscaping and urban design solutions at the debut The Big 5 Urban Design & Landscaping Expo. Continue Reading
Emaar Entertainment is all set to make the summer break even more thrilling with a host of fun yet edutaining activities. Continue Reading
Commissions received during the first six months of the year Continue Reading
Price was paid for unit at Il Primo in Downtown Dubai, while the Palm notched gains with its villas Continue Reading
Dubai is one of the most exciting cities in the world, and although house prices are down since the peak of 2014, there are clearly deals being done and the city continues to attract significant investment to its property market. Continue Reading
They have now taken stakes in a couple of malls and providing welcome funding Continue Reading
As part of the ongoing effort to implement the Dubai Blockchain Strategy launched by His Highness Sheikh Hamdan Bin Mohammed Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, the Smart Dubai Office held a series of demo days to discuss the progress of 14 blockchain use cases being implemented by 12 government entities across the city. Continue Reading
Institutional investor is looking to tap new financing options to help pick up ‘alternative asset classes’ Continue Reading
While eco-friendly actions and choices are becoming increasingly successful in making inroads into the everyday aspects of our lives, it will be most relevant to think of what each sector is capable of doing, in terms of its contribution towards achieving energy efficiency. Continue Reading
The cost of renting and buying property in Abu Dhabi has decreased overall from H2 2017 to H1 2018, as per Bayut.com’s H1 2018 market report for Abu Dhabi. Continue Reading
Real estate agents talk about big-time deals and real-life struggles in the industry Continue Reading
Residents and visitors also need to show their Emirates ID card to get into Burj Khalifa for Dh75 Continue Reading
DMCC hosts over 15,000 member companies in its Free Zone Continue Reading
The Dubai Police Department is encouraging homeowners to register for the Dubai Police Smart Home Security program in order to protect their homes while they travel. Department officials called a press conference last week to highlight the importance and impact of enrolling in the security program in crime prevention. Continue Reading
Most Middle East stock markets shed value on Tuesday, hit by a drop in oil prices and reflecting a slump in global stocks. Continue Reading
Core Savills predicts addition of 16 million sq ft of new retail space over next three to four years Continue Reading
Abu Dhabi Capital Management told Abraaj’s liquidators it would pay $55 million to buy the rights to manage Abraaj’s funds Continue Reading
Emaar Hospitality IPO still on the cards, potentially within four years, Mohamed Alabbar tells CNBC Arabia Continue Reading
Fidu Properties, a leading Chinese company in the UAE property market, has announced massive expansion plans in the region, with over Dh5 billion ($1.36 billion) worth of investments in the UAE alone over the next three years. Continue Reading