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11 November 2019

Emaar records 20% increase in net profit in Q3 2019

Net profit for the quarter stood at AED 13 billionInterest from foreign investors and first-time home buyers supported growth Real estate developer Emaar Properties recorded net profit of AED 13 billion during the third quarter of 2019, up 20% from the same period a year ago,...
29 October 2019

Cavendish Maxwell publishes Special Report on Saadiyat Island

Dubai, United Arab Emirates Residential communities and cultural attractions drive growth for Saadiyat Island: Cavendish Maxwell Special Report Saadiyat Island to have increased appeal as a popular residential, hospitality and commercial destination...
27 October 2019

Apartment rental firm Blueground raises Series B funding for Dubai and global expansion

AED 183 million funding round led by WestCap Investment Partners and Prime VenturesBlueground expects to surpass 1,000 premium residential properties in Dubai in 2020 Real estate technology company Blueground has closed an AED 183 million...
24 October 2019

Dubai v Abu Dhabi: where are property prices, rents falling faster?

New research shows average sales prices and rents softened across most communities in the UAE during Q3 A prolonged softening in prices and rents has made the UAE property market more accessible as homes become affordable to more people, according to a new report ...
16 October 2019

Cavendish Maxwell’s Q3 UAE Property Market Report Now Released

Dubai, United Arab Emirates Affordable properties spur transactions in a relatively soft market: Cavendish Maxwell Q3 UAE Property Market Report  Average apartment prices in Dubai declined 165% in Q3 2019 from Q3 2018, and villa/townhouse ...
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...
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 2019Dubai ranked third in the world for attracting FDI Dubai received foreign direct investment (FDI) worth AED 466 billion in the first half of 2019, representing growth of 135% compared to the same period last year, according to Dubai Investment Development...
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...
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 balancePanel 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...
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...

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