Monday 18 December 2017

City Centre Ajman opens new modern retail wing

City Centre Ajman, a leading retail destination in the norther emirates, is taking the shopping experience to the next level as it launches a new wing with top global brands and restaurants that make their debut in the emirate. Majid Al Futtaim, a leading retail and leisure pione


VAT ‘will boost Dubai real estate market’

The introduction of value added tax (VAT) in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of fäm Prope


Dubai rents down, rental yields remain strong

Rents in the property market of Dubai, UAE, for apartments are falling faster than sale prices and so the yields are declining. However they still remain very strong and are amongst the best in the world, said Propertyfinder Trends, in its third edition. Apartments for sale in Ab


Aldar starts delivery of prime Abu Dhabi properties

Aldar Properties, a leading property development company in Abu Dhabi, UAE, said it has started a phased handover of residential units at its Ansam and Al Hadeel properties to home owners and investors following the completion of its construction work.   Situate


At the Top, Burj Khalifa offers new VR experience

At the Top, Burj Khalifa, the region’s most-visited attraction by leading developer Emaar Properties, has unveiled a new virtual reality (VR) experience that simulates the real-feel of scaling all Burj Khalifa’s 160 habitable floors as well as take a hard-knuckle climb to the top of


Abu Dhabi Airports completes major MTB tunnel

Abu Dhabi Airports has announced the completion of the Midfield Airside Road Tunnel (Mart) that links the new Dh19.1 billion ($5.2 billion) Midfield Terminal Building with the southside terminals (Terminal 1 and 3) at Abu Dhabi International Airport. Abu Dhabi Airports, which is the op


MAG to sell property via first Islamic crypto-currency

UAE-based MAG Lifestyle Development, part of the MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The strategic affiliation, which is the first-of-its-kind in the region, is con


Omniyat signs $136m facility with Ajman Bank

Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for Dh500 million ($136 million) for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a cooperative partnership between Omniyat, Saudi Arabia’s


Majid Al Futtaim completes $91m mall revamp work

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer in the Middle East, Africa and Asia, has completed the first phase of City Centre Mirdif’s Dh335-million ($91.2 million) enhancement project, adding an additional 500 car parking spaces on the new upper dec


Green Valley Real Estate partners with UAE group

Green Valley Real Estate Group, a leading real estate development and investment company, said it has signed a partnership agreement with UAE-based Central Hotel Management Group.    As per the deal, Central will be managing Green Valley’s hotel proje

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