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Saudi Arabia is witnessing a spurt in property demands as the Kingdom has recovered from the recent unrest in the region. Emaar Middle East, a subsidiary of Emaar Properties, complements the region with its value-added lifestyle projects at Cityscape...
The word Holiday makes you imagine many things. An exotic location, golden sunny beaches, rafting, snow capped mountains, skiing and the list goes on. However the next image which pops in your mind and literally burst your bubble is...
Qatari Diar is all set to win the final approval for a $4.8 billion project for the redevelopment of the Chelsea Barracks site. The revised plan for the 13 acre site has been recommended for approval and the final...
Nakheel after having secured 98 per cent approval for its $10.9 billion debt restructuring plan, has agreed to pay Dh5 billion to its trade creditors. The company aims to reach its 95 per cent restructuring threshold with a significant...
Dubai Real estate sector has not been the most lucrative sector for a while. It was the worst hit property market in the Gulf. The sector has been hit hard in recent years with billions of dollars worth of projects...
Dubai government had set up Dubai Real Estate Corporation(DREC) to handle all the governments real estate activities. It has not plans to sell state owned property or got to the stock market despite a legal amendment that makes changes...
The Federal Government has yesterday approved the extension of visa for real estate investors from six months to three years. The decision was taken during a cabinet meeting chaired by vice president and prime minister of the UAE and...
Nakheel, the Dubai property developer, will be settling claims expeditiously to enable creditors to participate in its sukuk programme, the company has said. Earlier this month, the company said it has paid Dh5 billion to its trade creditors...
Property prices on the Palm Jumeirah have begun to sink to a four year low, with apartments going on sale for as low as AED 650 per square feet. Studies show that a number of apartments on the Palm...
With property prices going down, more Indians are on a purchasing spree this year. The enquiries from the Indian Investors are on the same levels as previous years. But the investor interest is expected to turn into real transactions...

The Dubai property market has begun showing signs of recovery with increase in the values since 2008. "We've talked about selective stability in the past, and now we can be more positive and talk about selective recovery," said Craig Plumb,...
Dubai the once business hub and God of dream projects in real estate market in now facing a serious catastrophic break down. Property prices in Dubai is dropped upto 48 percent since last year and another 20percent is expected...
In a tenant driven market, the Abu Dhabi rents are sliding down, giving house hunters a good bargains. According to data released by Asteco, a property management firm- the average rental price dropped by a nine percent in the...
Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, the contractor behind Burj Khalifa, led momentum on the Dubai Stock Exchange as Arabtec Construction gained its highest point in two months. The ban on Riad Kamal, a chief executive officer...
Aldar Properties, an Abu Dhabi-based property development, investment and management company, today confirmed that handover to homeowners has commenced at the beachfront Al Zeina residential community in Al Raha Beach. Delivery of the first phase of the development which...
Following suit after the recent crackdown in Sharjah and Abu Dhabi, now Dubai is regulating the air-drying of clothes in balconies and the display of dish antennas. Hanging clothes, installing dish antennas, or placing junk in balconies and those ignoring...
High price tags attached to property in Dubai now need not be a major cause of worry, as there are also some bargains on offer. According to listings by arabianbusiness, all available property in Dubai is broken down in...
As the projects of Phase 1 in the development of King Abdulla Economic City (KAEC) proceed, Emaar, The Economic City (Emaar E.C,) has called off a contract with Al-Radwan Contracting to build 134 villas. The houses were planned to be...
With a fast-growing number of Asians travelling abroad, high-end hotels in the U.S. are attracting buyers from Hong Kong, China and Singapore. The U.S. hotel industry seems to be facing, "one of the biggest explosions of demand", according to...
The rise in expenses, has brought Arabtec a 74% fall in profits for the second quarter, contrary to estimates of analysts. Arabtec Holding PJSC, is the UAEs largest construction company in terms of market value and six analysts had estimated...
Arcmad Al-Mashtal, a 5 star hotel has recently been opened in Al-Soudania in the midst of poverty stricken Gaza Strip. The building strikes a stark contrast to its surroundings. Cross-check all the features that make a hotel a 5 star...
As property prices began to crash with the financial crisis, some of the largest pension funds in the US are beginning to take a step back from investing in fancy properties. Pension funds are some of the biggest investors in...
Tenants in Dubai are choosing properties that are closer to the metro station, says UAE property firm Asteco, while adding that renters are ready to pay extra for a property near a metro station. Dubai inaugurated its metro network in...
Dubai's Roads and Transport Authority (RTA) said the Dubai Metro project has given a vital boost to the real estate sector of the city by increasing value of land and commercial properties in the vicinity of Metro stations by as much...
Leading Saudi newspaper Arab News cited an unidentified report on Sunday which said the Gulf Kingdom has put on hold public work projects worth more than SAR500bn ($133bn) across the country, including 166 in major cities. According to Citigroup’s MENA Construction Projects...
According to the Land Department's 2011 report, citizens of the Gulf Cooperation Council invested around AED12 billion ($3.27bn) in Dubai's real estate sector last year. The report added that British and Indian nationals invested huge sums of money in plots and...
  It's official, the Abu Dhabi Municipality is to rename Sowwah Island as Al Maryah Island. It is worthwhile pointing out that Al Maryah Island occupies a unique location between the current business area of Abu Dhabi and the forthcoming futuristic...
A global survey revealed Beirut is the most expensive Middle Eastern city to live in, moving up eight notches to number 67. The Middle East witnessed its ranking falling in Mercer's 2012 Worldwide Cost of Living Survey as rental prices...
There has been a lot of buzz in Dubai over the past few weeks about highly desirable real estate projects that are being launched and sold out within days or even hours of being released. This is not to...
The largest hotel in the Gulf and the Middle East in terms of number of rooms was launched in Dubai. The Yasat Gloria is considered an integrated city as it contains 1019 suits and can accommodate more than 3,000...
The JW Marriott Marquis Dubai has been officially recognized by The Guinness World Records as the world's tallest hotel. At a height of 355 metres, the hotel is only 26 metres shorter than the Empire State Building in New York. The hotel...
A new report by real estate firm Cluttons points out the massive potential offered by Dubai and dubs it the most attractive destination for private investors in the GCC region. The destination is being fancied by not only global...
A new report by Knight Frank, the global real estate consultancy, shares the good news of Dubai villa market making a strong comeback. The report forecasts that Dubai's villa property market will be in huge demand in 2013. The property...
With confusion persisting over a change in mortgage laws, expats in Dubai are rushing to sell their homes and get the best bargain. The increase in number of expat-owned properties is being witnessed after a decision by the UAE...