Saturday 12 July 2014
 
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real estate

UAE real estate market stabilizes in Q2

The UAE real estate has somewhat stabilised in the second quarter after the initial frenzy triggered by Dubai’s successful '2020 World Expo' win, said a property expert. The Abu Dhabi government’s decision to r

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Damac project gets green building certification

Dubai-based Damac Properties, a leading luxury real estate developer, said it has become the first company to receive a Green Building Certification from the Department of Planning & Development, Trakhees. Trakhees, the depart

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RAK firm picks ‘green’ architects for villa project

Ras Al Khaimah-based Al Hamra Real Estate Development said it has appointed world-leading specialists in sustainable development A++, as architects for its 150 new limited edition luxury villas. The new residence will boast no les

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RAK real estate firm gets $230m funding

Ras Al Khaimah-based Al Hamra Real Estate Development said it has obtained a Dh850 million ($230 million) financing facility from international and local banks led by Goldman Sachs for its upcoming projects. The privately-owned fi

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Qatari Diar to buy Barwa project for $2.5bn

Qatari property developer Barwa Real Estate said on Monday it was selling its 95 per cent stake in Barwa Commercial Avenue Company to the property arm of the country's sovereign wealth fund for QR9 billion ($2.5 billion). The

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Damac promotes Dubai’s safe-haven status

Dubai is one of the safest places in the world to invest in luxury real estate, following increased regulation and transparent processes, said a leading developer Damac Properties. Given the increasing interest in Dubai's real

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Law to protect real estate investors is approved

A new law aimed at protecting investors in large-scale real estate projects has been approved in record time by both chambers of Bahrain's National Assembly.   Parliament yesterday (June 17) approved the bill

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Law to protect real estate investors is approved

A new law aimed at protecting investors in large-scale real estate projects has been approved in record time by both chambers of Bahrain's National Assembly.   Parliament yesterday (June 17) approved the bill

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IMF warns on Dubai real estate bubble

The strengthening real estate cycle in the UAE, particularly in the Dubai residential market, could attract increased -- and potentially destabilising -- speculative demand, spurring the risk of unsustainable price dynamics and an eventual corre

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It's fundamentals, not speculation: Dubai

Growth in real estate demand in Dubai has been due to an improving economy, not speculation, the emirate's Land Department said on Monday after the central bank warned that the property market might be overheating. "Growt

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