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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 GulfAlliance 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...
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...
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 2018Emiratis made the most investments, worth AED 10 billion, followed by Indians The real estate sector contributed 136% to Dubai’s GDP growth in 2018 compared to 69% in 2017, whilst the construction sector’s contribution reached 64% in...
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...
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 appointedTechnical, financial, and legal reviews are yet to begin Contracting company Arabtec Holding is in talks with Abu Dhabi-based contractor Trojan Holding about...
9 September 2019

Emaar launches holiday home rental platform, Ease by Emaar

Guests will be provided with hotel-grade housekeeping and a range of amenitiesSouth 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...
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 MohammedNew 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...
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...
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,...
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 visitorsRoom inventory increased 6% to reach 118,345 at the end of JuneAverage occupancy for the Dubai’s hotels stood at 76% Dubai welcomed 836 million international overnight visitors in the first six months of 2019, recording a 3%...
15 August 2019

Dubai’s non-oil private sector records modest expansion

IHS Markit Dubai Economy Tracker Index records 552 in July versus 584 in JuneEmployment numbers remained largely unchanged compared to JuneExpectations for business activity over the next 12 months were high at the start of H2 2019 Business activity in Dubai’s non-oil private sector...
5 August 2019

Emaar Properties’ H1 2019 sales jump but profits decline

First half sales in 2019 at AED 94 billion, up 52% from a year agoNet profit during the period declines to AED 31 billion on higher costs Emaar Properties recorded sales for the first half of 2019 at AED 94 billion, up 52% from the...
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