Property Monitor
16 September 2019

Land Department to replace RERA for registering rental contracts in Dubai

Land Department will also regulate the relationship between property owners and tenants RERA will prepare and update policies designed to balance supply and demand and regulate and oversee escrow accounts As per a new law, the Real Estate Regulatory Agency (RERA) in Dubai will be replaced by Dubai Land Department (DLD) in registering real estate rental contracts and regulating the relationship […]
12 September 2019

Arabtec Holding in merger talks with Abu Dhabi contractor Trojan Holding

A merger would enable both firms to gain greater market share Advisers on the potential merger will be disclosed once they are appointed Technical, financial, and legal reviews are yet to begin Contracting company Arabtec Holding is in talks with Abu Dhabi-based contractor Trojan Holding about a potential merger. In a statement to the Dubai Financial Market, where its shares […]
9 September 2019

Emaar launches holiday home rental platform, Ease by Emaar

Guests will be provided with hotel-grade housekeeping and a range of amenities South Beach to be the first Emaar property to be listed on the platform Dubai-based developer, Emaar Properties, has announced the launch of ‘Ease by Emaar’, a platform to enable visitors to rent handpicked properties located in Emaar’s integrated communities across the city for short-term stays. Guests of […]
9 September 2019

Aldar launches residential community, Saadiyat Reserve, in Abu Dhabi

AED 722 million community is spread over 422,370 sq m Includes 306 infrastructure enabled land plots ranging between 600 to 1,400 sq m Project work expected to begin in Q1 2020 with handovers scheduled for mid-2022 Aldar Properties has launched its first residential community, Saadiyat Reserve, in the heart of Saadiyat Island, Abu Dhabi. The AED 722 million community is […]
3 September 2019

Dubai to get new panel to balance demand and supply in property market

Committee to be headed by Sheikh Mohammed’s son and deputy, Maktoum bin Mohammed New panel to aim to avoid duplication of projects and ensure they add value to the economy Dubai’s ruler has announced the creation of a new panel to achieve balance between demand and supply in the emirate’s real estate sector.  In an announcement on Twitter, Sheikh Mohammed […]
2 September 2019

New Abu Dhabi legislation to bring down villa construction costs

Minimum size requirements for bedrooms, kitchens, dining areas and majlis seating to be lowered Landowners will no longer have to construct a hallway in new homes Maximum height required for side fences reduced from six to four metres In a bid to lower construction costs for landowners, the Department of Urban Planning and Municipalities (DPM) has issued a legislation regulating […]
30 August 2019

Discounted villa enclaves offer smart property investment in Dubai

August 30, 2019 Home prices are lower than five years ago, but hope remains that the capital growth will return in the long term Affluent buyers will find it easiest to cut a deal for a slice of suburban life in one Dubai’s exclusive villa enclaves—where homes are trading for a fraction of what they were five years ago. Frenzied […]
29 August 2019

Prices get realistic in Dubai real estate

Despite still low volumes, more secondary market deals show value gainsDubai: Dubai’s property market is throwing up all sorts of numbers and trends, even some that are seemingly at odds with one another. Aditi Hariharan, Senior Consultant at the property services firm Cavendish Maxwell, offers up two as examples. “While the volume of secondary market transfers for villas/town houses between […]
22 August 2019

Bloom Properties commences handover of Park View apartments on Saadiyat Island

The residential building consists of 234 units from studios to three-bedroom apartments and will increase the neighbourhood’s living and lifestyle options.
18 August 2019

Dubai records 3% increase in tourists during H1 2019, at 8.36 million

India was the biggest source market during the period with 997,000 visitors, followed by Saudi Arabia with 755,000 travellers. Room inventory across 714 establishments in Dubai increased 6% to reach 118,345 at the end of June whilst average occupancy stood at 76%.
15 August 2019

Arabtec Holding records drop in Q2 profit as new contract awards decline

Arabtec Holding released its results for the quarter ending June, displaying a 47% decline in net profit to AED 26 million. It attributed the fall to a decline in the awards of new contracts in the construction sector in the first half of the year coupled with the completion of legacy projects in 2019.
15 August 2019

Dubai’s non-oil private sector records modest expansion

The seasonally adjusted IHS Markit Dubai Economy Tracker Index fell from 58.4 in June to 55.2 in July. Readings above 50 signal growth in economic activity. Expectations for business activity over the next 12 months were high at the start of H2 2019, with the respective index registering the third-highest numbers on record.

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