Dubai realty market rides on robust off-plan demand

Dubai realty market rides on robust off-plan demand

Total transactions by the Dubai Land Department amounted to Dh132 billion for the first half of 2017. Approximately 25 per cent of these transactions are from residential transactions with investment in the Dubai off-plan market year to date standing at Dh21.4 billion and Dh11.3 billion in the secondary market. The total number of off-plan sales to date […]

Nakheel to unveil Dh3.2bn worth of projects at Cityscape Global 2017

Nakheel to unveil Dh3.2bn worth of projects at Cityscape Global 2017

It has awarded construction contracts worth Dh7 billion so far this year, and expects the figure to exceed Dh12 billion by the end of 2017. Dubai-based master developer Nakheel is gearing up to unveil a diverse range of projects, with a collective value of collectively more than Dh3.2 billion, at Cityscape Global 2017 next week, […]

Indians, Pakistanis pour Dh27b into Dubai real estate

Indians, Pakistanis pour Dh27b into Dubai real estate

UAE nationals pitch in with Dh37b in 18 months from January 2016 Indian and Pakistani nationals put in a combined Dh27 billion-plus into Dubai property over the last 18 months, with the number of transactions they were involved in totalling 16,000. Indian buyers continue to make up the largest contingent of overseas buyers, with Dh20 […]

UAE employers eager to hire again, study finds

UAE employers eager to hire again, study finds

When it comes to expanding their workforce, nearly 70 per cent of employers in the UAE are planning to hire within the next year, a new survey has found. Bayt.com’s latest Middle East Job Index Survey found that 51 per cent of employers in the UAE said that they are ‘definitely’ or ‘probably’ going to […]

Indians, Pakistanis among top 10 investors in Dubai real estate

Indians, Pakistanis among top 10 investors in Dubai real estate

Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are in the lead, outperforming all other nationalities. His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department, commented: […]

Emaar to launch sales of Dubai Hills Estate homes

Emaar to launch sales of Dubai Hills Estate homes

In a statement, the Dubai-based developer said 147 residences, comprising one-, two- and three-bedroom apartments will be on sale at the new tower in the Acacia at Dubai Hills Estate. Ahmad Al Matrooshi, MD, Emaar Properties, said: “We are launching the new mid-rise tower in Dubai Hills Estate, one of the highly sought-after communities just in time […]

Emaar to list UAE real estate development business in Dubai

Emaar to list UAE real estate development business in Dubai

Dubai developer Emaar has announced plans to list 30 per cent of its UAE real Estate Development business on the Dubai Financial Market (DFM). The funds raised through the sale of equity will be primarily distributed as dividends to Emaar’s shareholders, a statement said. The IPO will be the largest since the Emaar Malls IPO, […]

Ejari digitally linked with government departments

Ejari digitally linked with government departments

Dubai residents can now digitally register their Ejari tenancy contracts to complete transactions with several government entities in one go, without the need to submit physical documents in multiple places. The Ejari smart app of Dubai Land Department (DLD) has been linked with nine other government departments in order to integrate services that require a […]

Dubai’s most expensive apartment on sale for $55 million

Dubai’s most expensive apartment on sale for $55 million

The Al Habtoor City project is back to making headlines. Dozens of offers have poured in for $55m (AED200m) penthouse at Al Habtoor City on Sheikh Zayed Road, which is the costliest apartment currently on sale in Dubai. A decision on the eventual buyer could be taken shortly for the unit that takes up three levels at […]