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).
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
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
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
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
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
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 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.
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,
Emaar Community Management, a subsidiary of Dubai-based Emaar Properties, has been licensed by the Dubai Real Estate Regulatory Agency (Rera) to offer management services for the proposed owners associations.
Rera had recently issued the d