Saturday 5 September 2015
 
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British investors on UAE property buying spree

British investors are showing no signs of slowing down after pumping more than Dh4.7 billion ($1.27 billion) into the UAE real estate market in the first half of 2015, said a report. According to the Dubai Land Department, the tot

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RP Global partners with Jumeirah for iconic tower

Leading property investment company RP Global has signed up Dubai-based hospitality group Jumeirah to operate a luxury hotel and the residences within its $1 billion iconic tower RP One. The Jumeirah Business Bay will include a 20

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Dubai residential property prices plunge 9.8pc

The residential property sale prices across Dubai, UAE, fell 9.8 per cent year-on-year (y-o-y) in July, while in capital Abu Dhabi the prices were down two per cent, said a report. The Dubai Residential Property Sales Price Index

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Dubai property stable, Abu Dhabi gains in July

The Dubai real estate market continued to stay steady in July with more affordable housing units entering, while Abu Dhabi saw both rental returns and prices returning to positive growth, a report said. The market stabilisation an

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Cluttons appoints new global head of research

International real estate consultancy, Cluttons, has revealed ambitious plans to expand its international capabilities by appointing Faisal Durrani as its new global head of research. Durrani will lead a new research team to enhan

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Dubai property market sheds weight, Abu Dhabi steady

The UAE’s property market witnessed mixed results in the first half of 2015 with Dubai losing the steam it had amassed over the last two years, hinting at a maturing market capable of sorting itself out by steering clear of extremes, said

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Geant opens new supermarket in Dubai property

International supermarket chain Geant has opened its new outlet at Remraam community, a major project of master developer Dubai Properties in Dubai, UAE. The centrally-located supermarket complex at Remraam, which will feature a p

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Deyaar Q2 net profit rises 37.5pc

Dubai's Deyaar Development recorded a 37.5 per cent increase in second-quarter net profit, according to a statement from the real estate firm on Monday. The company, which was one of the worst hit by Dubai's property marke

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UAE mulls panel for federal property leases

The UAE Ministry of Finance has announced plans to set up a panel to standardise policies and procedures relating to the leasing of federal properties as well as to implement and monitor such operations by federal entities. The mo

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ME property market among world’s fastest growing

Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real est

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