Wednesday 30 July 2014
 
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property

Dubai industrial rents continue to recover in H1

Dubai industrial rents were up strongly during the first six months (H1) of 2014 compared to a year, with seven of the nine major nine districts experiencing double digit growth, a report said. Class 2 buildings in Dubai Investmen

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One-bed apartment costs $462,000 in Dubai

A one bedroom apartment in Dubai costs Dh1.7 million ($462,837) on an average, according to a new report by leading property search website propertyfinder.ae. The report said Dubai studio prices stand at AED 959,000 and a two-bedr

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Deyaar profit doubles on new project launch

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.   Deyaar made a

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Damac offers luxury car with select properties

Damac Properties, a leading luxury real estate developer in the Middle East, has launched its Ramadan promotional offer.   The customers who buy a select luxury Dubai property during the month will be presented w

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Dubai property slowdown continues in Q2

The residential sales performance in Dubai saw a continued slowdown in the second quarter of the year, with only a marginal growth of six per cent and three per cent for apartments and villas respectively, according to an Asteco report.

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Knight Frank makes key UAE appointment

Knight Frank, one of the world's largest global property consultancies, said it has roped in Alex James, a leading capital markets real estate expert, to boost its UAE operations. James has joined Knight Frank's Capital Ma

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Rotana to manage new Bahrain property

Rotana, a leading hotel management company in the region, has signed a new agreement with Ossis Property Developers to manage a 311-room luxury property in Bahrain.   Located on the Amwaj Islands, a group of man-

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Aldar project fully leased ahead of schedule

Abu Dhabi-based Aldar Properties said its Al Rayyana residential gated community, located next to Abu Dhabi Golf Club, is now fully let, well ahead of schedule and after six months of being on the market. Al Rayyana is a gated com

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Turkish property firm opens UAE office

Ideal Sapanca Commercial Broker, a new UAE-Turkish entrepreneurial company mandated to market major real estate projects by Turkish-based FCC Construction and Development Company, has opened its office in the UAE. The launch of Du

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Dubai faces moment of truth over looming property bubble

"Keep calm. There's no bubble", proclaimed a giant poster on a 40-storey building overlooking a Dubai highway, advertising a property finding portal late last year. That may have been true at the time, but the risks are rising.

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