News

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]