Dubai a ‘rising giant’ of hotel real estate

Dubai ranks alongside Beijing, Shanghai, Bangkok and Guangzhou as a rising giant of the global hotel real estate sector, according to a new report from professional services firm JLL. The report — The Changing Global Landscape of Hospitality — identifies five groups of major markets offering different risks and opportunities for hotel investors and operators. […]

Dubai billionaire seeks to sell Trump-branded villas abroad

During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization mingled with government dignitaries, receiving a presidential reception and visiting the glittering Mediterranean Sea. Hussain Sajwani met with leaders in the two European nations and addressed local journalists, many of whom referred to his ties to President Donald […]

No slowdown in Dubai property market

Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any slowdown in the local property market, citing a strong regulatory framework that continues to instill confidence […]

Gulf real estate firms bullish on growth

Real estate professionals in the Gulf have a bullish outlook on growth for their sector, notwithstanding a strong dollar, low oil prices and economic headwinds. Over half of 300 firms surveyed at the recent Gulf Real Estate Awards predicted considerable growth over the next 12 months. On average, 32 per cent of those surveyed expected […]

What to watch out while refinancing your mortgage in the UAE

Have you ever felt the need to change your mortgage lender, knowing there may be better, more affordable mortgage options out there with better terms? This inclination is only natural when you believe now is as good a time as any to refinance your current mortgage. There are numerous benefits to be had through a […]

Property deals in Dubai cross Dh390 billion in 18 months

The total value of property transactions in Dubai has exceeded Dh390 billion across 95,000 transactions in 18 months – from January 1, 2016 to July 31, 2017, announced the Dubai Land Department (DLD). Overall property transactions in Dubai totalled Dh132 billion in the first half of 2017. This represents a significant gain from the Dh113 […]

Real estate leads economic activity in Dubai

The real estate sector has grown into a significant component of the economy in Dubai and the number of companies engaged in real estate and related activities in Dubai has now reached 8,011, including more than 680 real estate developers. According to the Business Registration & Licensing (BRL) sector in Dubai Economy, the emirate’s real […]

World’s most expensive housing market just got even pricier

The world’s priciest housing market got even more expensive in the second quarter. Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 per cent for the quarter, the government said Friday, up from 56 per cent in the year-earlier period. READ MORE..

Emaar Malls net profit increases 3% in first half of 2017

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, on Sunday posted a net profit of Dh1.02 billion ($278 million) in the first-half of 2017, an increase of 3 per cent on the same period in 2016. Revenue for the first six months of 2017 was Dh1.6 billion ($442 million), a negligible […]

Emaar’s Dubai Mall voted best mall brand in UAE, new ranking reveals

Dubai Mall, the emirate’s largest mall and the world’s biggest shopping centre by total area, claimed the top spot in a new list of the healthiest mall brands in the UAE, according to YouGov BrandIndex. In the first-ever global brand health rankings released by YouGov BrandIndex, the Emaar mall led the ranking with a score of 36.8, […]