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New rule for offshore companies in Dubai 12 Mar 2010 | 03:05 am
The Dubai Land Department will shortly announce a new legislation for offshore companies investing in Dubai Freehold market. This move aims to improve transparency in the market.Due to lack of transpa...
UAE property market to see demand-supply balance this year 11 Mar 2010 | 02:58 pm
The UAE real estate market is likely to attain demand-supply balance this year, revealed a top official of Shaikhani Group, a leading business conglomerate.The UAE economy is hoped to grow by 3.2perce...
Slashing of mortgage rates to boost UAE real estate market 8 Mar 2010 | 07:44 am
Following high mortgage rates, the Banks and Finance companies in the UAE are finally reducing lending rates for homes, say analysts.The Banks are relaxing their lending criteria, a measure expected t...
Investors concerned over Ivory Towers delay 7 Mar 2010 | 07:56 am
Following the halt in construction of the long-delayed Ivory Tower, several property investors fear that they would lose money on their investments, reports The National.Located in the International M...
Nakheel begins delivery of Marina Residences 4 Mar 2010 | 04:01 pm
Nakheel has begun handover of the sixth and final tower of Marina Residences in the Palm Jumeirah and the residents will move into the new premises within weeks.A Nakheel statement revealed that the p...
Steady progress of infrastructure works at Al Marjan 2 Mar 2010 | 10:26 am
RAKIA (Ras Al Khaimah Investment Authority), a major provider of investment opportunities and one-stop solutions in its Free Zones, Industrial Parks and Offshore facilities, in real estate development...
Orientation programme underway for first residents at Burj Khalifa 26 Feb 2010 | 07:35 am
World's tallest building, Burj Khalifa, developed by Emaar Properties, is all set to welcome its first residents with orientation programme currently on the go, for home-owners of Armani Residences, l...
Ajman Bank plans real estate fund 24 Feb 2010 | 02:02 pm
Ajman Bank plans to launch a real estate fund to purchase assets towards the low income group in the UAE, revealed its Deputy CEO, Ali E Alshaqoosh Al Mueen.The Bank will get necessary approval to lau...
Falling demand leading to low rentals in northern emirates 22 Feb 2010 | 08:27 am
The rents in the northern emirates have dropped considerably since 2009, given, the fresh supply and low demand. Even the lease rates have dropped 29 percent during the first half of 2009, says a CB R...
Prices of Dubai flats to fall by 20 percent: Landmark Advisory 16 Feb 2010 | 06:49 am
Landmark Advisory, the leading property consultancy firm, has revealed that sale prices of flats, apartments and offices in Dubai will continue to fall through first quarter of 2010, due excess supply...
