The founders and employees of both businesses will join Huspy
Dubai Islands features over 20 kilometres of beaches, including a Blue Flag certified beach, approximately two square kilometres of parks and golf courses
Land incentives will be offered at rates as low as Dhs5 per square metre, with beneficiaries also receiving long-term contracts
Construction contracts in the emirate rose in value by 11 per cent compared to the two previous years
According to CBRE, average rents in the 12 months to July increased by 23.7 per cent, with average apartment and villa rents increasing by 23.5 per cent and 24.8 per cent respectively
More than 3,000 companies worldwide are working with SBTi to reduce emissions
Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE
Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery
The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar
Rental growth exceeded 5 per cent in Dubai, versus an average of 3.1 per cent across other global cities
We look at the advantages that real estate crowdfunding offers both investors and sellers
TECOM’s revenue increased 15.8 per cent YoY driven by higher occupancy rates across commercial and industrial segments
According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn
Group sales rose to a record level of Dhs5.33bn for H1 2022, driven by strong domestic and international demand for existing inventory and launch of new properties
The transaction includes the four main office towers in ADGM located on Al Maryah Island, Al Sila, Al Sarab, Al Maqam and Al Khatem
For the months of April and May, the value of point-of-sale transactions jumped by 16 per cent year-on-year to a total of SAR91.8bn across the kingdom as a whole
The step comes as part of the Housing Programme for Dubai Citizens, to meet the requirements and needs of Emirati families
The decree is the latest in a series of laws that have been recently passed in Dubai in relation to property
The Department of Municipalities and Transport recorded 7,474 property transactions in the first six months of the year
The Dubai Land Department has been authorised to conduct inspections of commercial land plots to ensure full compliance with the ‘Musataha’ agreement
The decree covers all real estate investment funds licensed and regulated by government authorities as well as private development zones and free zones
The Sharjah Real Estate Registration Department registered 358 mortgage transactions worth Dhs764m
Average rents in the 12 months to June increased by 21.7 per cent, with average apartment and villa rents increasing by 21.2 per cent and 24.7 per cent, respectively
Prices for villas grew at a monthly rate of 1.7 per cent in June, down from an average of 2.3 per cent per month last year
The sales recorded at Grove District so far total up to Dhs600m
In May, Dubai recorded the highest volume of sales transactions for the same month in the past decade, showed data from Mo’asher
GFH Financial Group’s investment strategy in the student housing sector is focused on building a diversified portfolio that comprises top universities in the US
Local real estate investment trusts can benefit from a different approach to real estate lending by local banks and an enhanced legal framework to support their growth and popularity
Tenants will soon be able to pay their rent automatically through online banking rather than post-dated cheques
There’s a rising number of property management firms available to cater to demand, but are they all equal?