Monday 31 August 2015
 
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12,000 new homes to enter Dubai market this year

Nearly 12,000 housing units will enter the real estate market of Dubai, UAE this year, a report said, noting that the market showed signs of an efficient easing as well as sporadic gains in certain segments in May. The trend in ce

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Saudi Arabian FM market to top $25bn

The facilities management (FM) market in Saudi Arabia is currently worth $20 to $25 billion and is growing at over 10 per cent year on year, said a report ahead of the annual conference of Middle East Facilities Management Association (Mefma).

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Masterkey completes integration with Ejari

Masterkey, a leading property management software provider in the UAE, said it has completed its integration with the Real Estate Regulatory Agency’s (Rera) Ejari software. Built by Emirates Real Estate Solutions (ERES), Eja

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Dubai to repay investors in scrapped projects

Dubai will liquidate scores of cancelled property projects and use the funds to repay investors who lost billions of dollars in the emirate's real estate market, state news agency WAM reported. A decree by Dubai's ruler Sh

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Dubai to get 16,000 more property units

Dubai's property sector will see up to 16,000 new units come on the market this year, the head of its real estate watchdog said on Wednesday, adding further pressure to an already oversupplied sector. Supply in 2012 will be higher than in

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Rera approves Oceana service charge

Dubai’s Real Estate Regulatory Authority (Rera) has approved the 2012 service charge budget for Oceana residential and resort community on The Palm Jumeirah, according to leading property management group Asteco. The news comes as issues c

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Nakheel to await RERA decision on fees

Dubai-based property developer Nakheel denied locking out paid up residents of Palm Jumeirah Shoreline Apartments to its beach clubs, a report said. The company, in a statement, reiterated its position on common facilities access for resid

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Dubai cancelled over 200 property projects

Dubai's real estate watchdog cancelled as many as 217 registered property projects over the past two years after the burst of the property and asset bubble, according to information in a prospectus for Dubai's planned bond issue. The prope

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Hawkamah in landmark real estate initiative

The Hawkamah Institute for Corporate Governance, Real Estate Regulatory Agency (Rera) and the Dubai Real Estate Institute (DREI) have signed a landmark deal to improve corporate governance within the real estate industry in the UAE. Hawkam

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Dubai developers 'under fire for oversupply'

Dubai's real estate regulatory body has accused the emirate's state-backed master developers of damaging its ailing property market by continuing to build despite a rampant oversupply. 'The master developers should understand,

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