News

Stay up to date with the latest market news

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 […]
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 […]

Stay up to date

SIGN UP

Menu
Quick Links
Follow us