Construction unit of Emaar Properties says half-year sales in Dubai rose by 50% despite dip in profit and revenue.Emaar Development, the building unit majority-owned by Emaar Properties, has recorded residential property sales in Dubai of AED9.3 billion ($2.5 billion) in the first six months of 2019…
The big question of Dubai real estate is not oversupply – it’s about the right kind of supply for the market. A few weeks ago, I drove to Damac Hills to interview Damac founder Hussain Sajwani. Not having cause to travel out that way too often, the many new developments came as a surprise, begging the…
Aldar Properties said government initiatives have spurred economic growth and are having a positive multiplier effect on the wider Abu Dhabi economy Aldar Properties, Abu Dhabi’s leading property development, management and investment company, announced a 7 percent increase in net profit for Q2 compared to the same period last year, on the back of strong ….
Savills report reveals emirate is fourth best global hub for returns on real estate investment. Dubai has been rated the third most affordable city in the world for purchasing prime residential property….
New Property Finder Trends report says increased housing supply continue to put downward pressure on rents in Dubai Villa/townhouse communities where rent reduced the most in H1 2019 were The Meadows (-18.1 percent), Green Community Motor City (-11.3 percent), Reem Mira (-10 percent), Al Furjan (-7.8 percent) and Damac Hills (-7.5 percent). Average apartment..
Registrations will continue to ensure safety and quality service, according to the company Damac said the fee was introduced to ensure the security of the residents in the community and to generate incremental revenue for owners associations with the objective of reducing service charges. Damac Properties has waived all registration fees for external vendors […]
Saudi Arabia wants to reduce the cost of an average home by 2020 to five times the average annual income, down from 10 times the yearly salary in 2015 Housing is a potential lightning rod for public discontent in a country where affordable dwellings are beyond the reach of many, posing a key challenge for […]
Azizi Retail has launched the sale of a total of 329 retail units which are embedded into its communities and residential towers in Dubai UAE-based Azizi Developments has announced the launch of a new retail division to add shops to its growing portfolio of properties across Dubai. Azizi Retail has launched the sale of […]
Seven Tides has launched an exclusive promotion in collaboration with Dubai Heights Academy for its Seven Residences The Palm project UAE-headquartered developer Seven Tides has launched an exclusive promotion in collaboration with Dubai Heights Academy for its Seven Residences The Palm project. Potential buyers can purchase studios, one-, two- and three-bedroom apartments in the […]
China State Construction Engineering Corporation wins contract from Damac Properties to build tower C of Aykon City project Damac Properties has awarded an AED512 million ($139 million) construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of Aykon City, Damac’s luxury mixed-use development on Sheikh Zayed Road, Dubai. The new […]
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