Real Estate

Real Estate and related Industry News

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...
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...
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...
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...
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...
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...
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...

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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Mandatory Midday Break for laborers will start from June 15, said the Ministry of Labour. Companies will have to give two and a half hour break from 12:30 pm to 3:00 pm to those workers who work in open areas...
Middle East global entertainment firm and animation company, Rubicon, has signed a deal with US media conglomerate, Paramount and CBS to launch a $1 billion theme park and resort in Aqaba, Jordan. The theme park, with a license from...
The Dubai developer, Nakheel is restructuring $10.8 billion in debt; is now offering up to two months rent free in units in lower priced developments in a bid to attract tenants. The government owned company, is offering free periods...
The UAE- based group, Tharaa Holding has signed an agreement with the Polish government to redevelop the former military site in the eastern European country. Tharaa, through its development company Hadara, will develop the land owned by the Military...
Dubai International Financial Centre (DIFC) Investments, the major stake holder in Dubai Pearl, has pulled itself out of the project. Dubai Pearl, the US$3.8 billion (Dh13.95bn) project, overlooking Palm Jumeirah has witnessed a slowdown in construction activity following the...