Wednesday 25 November 2015

Dewa launches new services for DLD customers

Dubai Electricity and Water Authority (Dewa), in collaboration with Dubai Land Department (DLD), has launched Takamul, a service that allows customers to instantly open a Dewa account at Real Estate Regulatory Agency-accredited offices once they are registered. Under this arrange


Dubai property tax, costs lowest globally, says report

Foreign investors buying property in Dubai, UAE, have to pay one of the lowest levels of taxes and transaction costs globally, even cheaper than London, Mumbai, Paris and Hong Kong, according to a new report by property expert Knight Frank and top professional services firm EY. T


New PPP laws to help drive ME construction boom

Most of the governments in the Middle Eastern region have started to put the necessary frameworks in place to facilitate Public Private Partnerships (PPPs) and drive an increased flow of such projects, said experts at a key forum hosted by global law firm Dentons in Dubai. The ev


First Bahrain signs lease deal with McDonald’s

First Bahrain Real Estate Development Company, the developer of a new neighbourhood market, has signed a lease agreement with McDonald’s Bahrain, a part of Fakhro Restaurants. Under the agreement, McDonald’s will open a drive-thru restaurant within El Mercado Janabiya, located off


Saudi Arabia to net $20bn from new land tax

The levying of tax on undeveloped land in urban centres across Saudi Arabia will add another SR75 billion ($20 billion) to the government coffers besides bringing down the real estate prices to rational levels and resolving the country's housing problem, according to real estate experts.


Dubai’s property show sees deals worth $40bn

The International Property Show, an annual event dedicated to developers and individual retailers in Dubai, UAE triggered transactions of over $40 billion between 2006 and 2015. This figure almost half of what it cost to build the King Abdullah Economic City Project in Saudi Arab


Damac in strategic Chinese collaboration

Luxury project developer Damac Properties has joined forces with Qfang, one of China's biggest real estate and financial services companies, to boost its operations in Southern China. The companies signed the strategic agreement in the Chinese city of Shenzhen, in the presenc


DI sees solid growth amid Gulf construction boom

Dubai Investments (DI) said it is targeting increased market share for its innovative and diversified product portfolio in the building materials sector amid the current construction boom in the GCC region. A leading investment conglomerate listed on the Dubai Financial Market, D


Building software 'vital for $3 trillion GCC projects'

The contractors in the Gulf region must adopt the latest construction software to ensure the swift delivery of nearly $3 trillion worth of construction projects, said industry experts ahead of The Big 5 Show in Dubai, UAE. The largest construction event in the Middle East region,


Adnec's leaning tower wins Arab property award

Abu Dhabi National Exhibitions Company (Adnec) said its iconic Capital Gate tower in Abu Dhabi, UAE, has been declared winner in the Commercial High-rise Development category at the Africa & Arabia Property Awards 2015 held recently in Dubai. Recognised by the Guinness Book of Reco

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