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7 October 2019

St. Regis to open first property in Oman in Al Mouj Muscat

Hotel to feature 271 luxury rooms and 170 branded residences Under-construction property to open in 2022 Hotel operator Marriott International will open its first St. Regis branded property in Oman’s Al Mouj Muscat development, a partnership between the Government of Oman, UAE’s Majid Al Futtaim Properties and Oman National Investments Development Company (Tanmia). The St. Regis Al Mouj Muscat Resort, […]
7 October 2019

Property Monitor appoints Zhann Jochinke as Chief Operating Officer

Property Monitor is the region’s only real estate intelligence platform powered by RICS-accredited professionals Dubai, United Arab Emirates 07 October 2019 Leading real estate data analytics and market intelligence platform Property Monitor, today announced the appointment of Zhann Jochinke as Chief Operating Officer of the company. Jochinke will be spearheading the growth, diversification, and expansion of the firm and its […]
1 October 2019

Dubai records 135% growth in FDI in H1 2019 at AED 46.6 billion

257 FDI projects in the first half of 2019 Dubai ranked third in the world for attracting FDI Dubai received foreign direct investment (FDI) worth AED 46.6 billion in the first half of 2019, representing growth of 135% compared to the same period last year, according to Dubai Investment Development Agency (Dubai FDI), part of Dubai Economy, the emirate’s economic […]
25 September 2019

In Sharjah, developers are doing just fine for now

Dubai: Developers putting up prices on new releases; investors able to sell in the secondary market at rates higher than what they bought for — it’s all happening in Sharjah. And yes, at a time when other property sub-markets in the UAE continue to see a contraction in property values. For a second straight year, Sharjah’s real estate sector is […]
25 September 2019

Dubai property transactions increase 134% following establishment of real estate committee

Committee set up on 2 September 2019 to achieve supply and demand balance Panel chaired by Deputy Ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum The Dubai Land Department (DLD) announced a 134% increase in real estate transactions following the creation of the emirate’s new Higher Committee of Real Estate earlier this month on 2 September. The […]
24 September 2019

Meraas Holding and Canada’s Brookfield enter into AED 5 billion retail partnership

Companies to jointly own and operate retail assets in the UAE and the Gulf Alliance to cover The Beach, City Walk and La Mer retail assets in Dubai Meraas Holding, the master-developer owned by Dubai Government, has entered into a partnership with Canada’s Brookfield Asset Management to jointly own and operate retail assets in the UAE and the wider Gulf. […]
23 September 2019

UAE central bank upgrades growth forecast for 2019

New forecast at 2.4% compared to 2% earlier this year Oil sector forecast to grow this year by 5%, compared to 2.8% last year Non-oil growth for 2019 is forecast to reach 1.4%, up from 1.3% in 2018 The Central Bank of the UAE revised upwards its growth forecast for the country to 2.4% for 2019, from 2% earlier this […]
21 September 2019

Dubai holiday homes need more space to grow

Restrictions of any kind in terms of locations or choice will harm those chances A view of towers and hotels at Business Bay in Dubai. Short-term rental accommodation, or holiday homes, has been a hot topic of discussion over the past couple of weeks, first because of Emaar Properties’ entry into the space with its short-term rentals platform Ease by […]
19 September 2019

Real estate contributed to 13.6% of Dubai’s GDP in 2018: Land Department report

Business Bay ranked first in number and value of transactions in 2018 Emiratis made the most investments, worth AED 10 billion, followed by Indians The real estate sector contributed 13.6% to Dubai’s GDP growth in 2018 compared to 6.9% in 2017, whilst the construction sector’s contribution reached 6.4% in 2018 compared to 6.2% in 2017, Dubai Land Department (DLD) said […]
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 […]
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