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Estates DubaiEstates DubaiEducating and Sharing Ideas with Buyers and Sellers in the Dynamic Dubai Properties and Real Estate Market. Articles
Prices of Abu Dhabi homes likely to shoot-up by 20 percent
2008-03-08 06:14:00 The price of homes in Abu Dhabi is likely to shoot-up by at least 20 percent in the current year, states a report from Sorouh Real Estate. The report indicated that demand surpasses supply, and negative real interest rates are contributing to more investments. The Europeans are investing in the UAE, with an intention to make better use of their Euros, while the dollar is declining, taking the More About: Homes , Shoot , Prices
Santeview project by Sungwon meets record sales within a day of launch
2008-03-06 07:30:00 Sungwon Corporation has announced the record sales of their Dh.1.5bn Santeview project at Culture Village, within a day of its launch in the market. This record sales carried out by the Group on Santeview and back-to-back contracts, worth Dh.700million, which include building an office tower at Business Bay, and a five-star luxury hotel apartment complex at Dubai Sports City, has been a feather More About: Sales , Project , Launch , Record
Sternon Group to launch their first mixed-use project in Dubai
2008-03-04 09:10:00 The Dubai -based Sternon Group , involved in the local and international property market for the past twenty years, has announced their plan to develop real estate projects in Dubai, worth Dh.300mn. The Sternon Developers, the new arm of the group, will implement a series of mixed-use projects across Dubai during the next couple of months. Their first project 'Sternon Tower' will be a mixed-use More About: Project , Launch , Mixed
Saadiyat Island to be a flag-ship project of the emirate
2008-03-04 07:55:00 Saadiyat Island , better known as 'island of happiness', is a 27 Sq Kms natural island development, lying 500 kms off-Abu Dhabi coast, and the flagship development of the UAE Capital. The project, which is due for completion by 2018, is created based on an eco-sensitive philosophy with a special low-density masterplan. Being a leading island destination, the Saadiyat will be a modern, integrated More About: Project , Flag , Ship
Masdar City HQ to be the world's first positive energy building
2008-03-03 07:48:00 The multi-billion dollar investment in Abu Dhabi, Masdar, involved in the development of innovative technologies in alternative, renewable and sustainable energies, and green design, has chosen Chicago architecture firm, Adrian Smith and Gordon Gill Architecture for designing its headquarters in Masdar City in Abu Dhabi. Masdar City in Abu Dhabi is the first zero-carbon and zero-waste real estate More About: Building , Energy , Positive Energy , Positive
Deyaar launches Dh1.5bn Bristol Towers at Business Bay
2008-01-19 06:25:00 One of the region's fastest growing real estate companies, Deyaar, yesterday, unveiled Bristol Towers, a Dh.1.5bn twin tower project in Business Bay. With the inclusion of Bristol Towers, Deyaar has about a dozen projects in Business Bay. The properties of Deyaar, are one of the most sought-after in the development. The Chief Executive of Deyaar, Zack Shahin, said "Bristol Towers are the jewel
Abu Dhabi's Annual Rent Cap fixed at 5%
2008-01-19 06:18:00 The Annual rent cap in Abu Dhabi has been reduced from 7 percent to 5 percent yesterday. This was done to regulate the high rentals and housing crisis in the emirate. The decision is to take effect immediately. The decision has been issued by the Abu Dhabi Executive Council, based on Law No.20 for 2006, that speaks about landlord-tenant relationship, and aims at curbing the negative impact of More About: Rent , Fixed
New tenancy law to be introduced in Dubai shortly
2008-01-17 06:54:00 The Dubai Government is shortly expected to announce a tenancy law, that will re-define the landlord-tenant relationship, while also managing the rent disputes, and a comprehensive legal framework would be introduced, for the booming residential rental market in Dubai, said a top government official yesterday. At the moment, it is the responsibility of Rents Committee to settle disputes through
Ajman's infrastructure projects crosses Dh.1.38bn mark
2008-01-17 04:02:00 It has been reported that the value of infrastructure projects in Ajman has touched Dh.1.38billion. During the previous year, Ajman allocated Dh.500mn towards infrastructure, with Dh.45mn for roads and intersections, Dh.85mn for two bridges, Dh.14mn for other roads, their maintenance and renovation, all totaling up to Dh.165mn in value. Apart from these, the emirate has invested Dh.580mn in More About: Projects , Infrastructure , Mark , Crosses
Nakheel announces Dubai Promenade, the latest waterfront community
2008-01-15 06:46:00 The Dubai Promenade , the latest sophisticated waterfront community, announced by Nakheel, comprising 60 berths and own marina, is expected to create a virtual peninsula along the Dubai shoreline, along with a magnificent five star wheel shaped hotel. Encompassed by a marina, a natural beach and the sea, the Dubai Promenade will offer panoramic views and idyllic walkways, with its carefully More About: Community , Waterfront
Dubai to release Property Index with a view to curb high rentals
2008-01-13 12:51:00 A new property index will soon be released in Dubai , which would be of help in establishing appropriate rents for properties in the emirate, so as to control the shooting rental prices. The Real Estate Regulatory Authority (RERA), has said that the new index would come into effect from 15th of this month, setting up the minimum and maximum chargeable rents for properties in particular More About: Property , View , Release , Rentals
DMCC completes delivery of Almas Tower offices
2008-01-12 09:22:00 Dubai Multi Commodities Center (DMCC) has completed the delivery of offices in the Almas Tower to its diamond sector members. This move was initiated to establish a diamond industry cluster in Dubai. The Almas Tower is DMCC's flagship tower, located within the Jumeirah Lakes Towers development, built to cater to the particular needs of the diamond industry. During a ceremony held yesterday at More About: Offices , Delivery
Abu Dhabi to showcase the unique concept of Building for Today
2008-01-11 09:32:00 "Building for Today ", a conceptual design for a skyscraper, which can do "everything that a tree can do, except replicate" will be presented by a design visionary at the Abu Dhabi World Future Energy Summit, to be held in Abu Dhabi next month. William McDonough, was commissioned by Fortune magazine, to come up with a design for skyscraper office tower, which would bring about a 100 percent More About: Unique , Showcase
'Isla Moda'- the world's first fashion island launched in Dubai
2008-01-10 03:48:00 The world's first 'Fashion Island ' Isla Moda , was launched in Dubai yesterday, by Dubai Infinity Holdings (DIH). Being an iconic mixed-use development, the Isla Moda, will have themed residential villas, fashion resort, haute couture boutiques, luxury hospitality, all in a single development, with an aim to establish Dubai as a global fashion hub. Renowned fashion designers from various More About: Launched
Goldcrest Business Vista project worth Dh.360mn launched in Ajman
2008-01-08 03:37:00 The joint-venture by Mazyood Giga International and ETA Star, Star Giga, yesterday unveiled the 'Goldcrest Business Vista s', a Dh.360 million project in Ajman. Falling into the category of world-class real estate projects, the Goldcrest Business Vistas provides the best most commercial environment to companies at the regional and international levels, investors and other multinational business More About: Project , Worth , Launched
Land reclamation complete for shaping Coconut Island in Abu Dhabi
2008-01-08 03:14:00 One of the prominent realty developers of Abu Dhabi , ALDAR Properties PJSC, has announced completion of its land reclamation and dredging for the major island resort and gated residential development at the Abu Dhabi West Coast. This project is a combined effort through partnership with National Corporation for Tourism and Hotels (NCT &H) and is due for completion by 2010. At present, the More About: Coconut , Island , Land , Complete
Dubai rents to be capped by 5% in 2008
2008-01-03 03:18:00 The Vice President and Prime Minister of UAE and Ruler of Dubai , H.H. Shekh Mohammad bin Rashid Al Maktoum, has issued a decree on 27th December 2007, lowering the annual rent cap in Dubai by 5% from the existing 7%, beginning 1st January, 2008 . This rent cap would be implemented by the RERA (Real Estate Regulatory Authority) and the Dubai Land Department (DLD) in 2008. This new rent cap would
RERA announces first list of Real Estate developers in Dubai
2008-01-03 01:24:00 Going by the Law No.9 of 2007, the Real Estate Regulatory Agency (RERA) has announced its first list of realty developers that includes more than 400 companies holding real estate developer license, thereby maintaining transparency in Dubai . However, it has been said that a few companies, which had earlier entered into a special one-to-one agreement, has been exempted from opening the project More About: Real Estate , List
Swift progress of construction work at Sobha Ivory I and II
2007-12-27 18:57:00 Sobha Group, the well-known Indian-based realty developer, is making swift progress with its first two commercial projects, recently launched in Dubai. The construction work is progressing in full swing at the Sobha Ivory I and Sobha Ivory II towers at Business Bay, as the Indian realty giant continues to leave its impression in the Middle East market. The sales of Sobha Ivory I and Ivory II More About: Work , Construction , Progress , Sobha
Khuyool to invest in 13 realty projects in Dubai totaling to Dh.3bn
2007-12-27 17:13:00 Khuyool Invest ments has announced an investment of Dh.3billion in about 13 real estate projects in Dubai , revealed top officials of the company. The Chairman of Khuyool Investments, Fahad Ali Moosa, said these include 10 projects, with five high-rise towers in Jumeirah Village South, and five mid-rise buildings. There will also be three towers being built in the Downtown Jebel Ali, as this is More About: Projects , Realty , N 13
Bavaria launches Sandoval Apartments; signs loan agreement with Mashreq
2007-12-25 18:35:00 The German boutique developer, Bavaria Gulf, has announced the launch of first phase of 'Sandoval Apartments ' at Jumeirah Village, which had earlier made its grand entry into Dubai realty sector through the launch of 'Sandoval Townhouses'. The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality More About: Loan , Signs , Agreement
Pearl Dubai FZ LLC reveals purchase of Dh 3bn Dubai Pearl
2007-12-20 10:12:00 A Consortium of investors, Pearl Dubai FZ LLC, led by the Al Fahim Group, Abu Dhabi-based group, has announced that it has purchased and repositioned the $3billion worth Dubai Pearl real estate development. The project, located within the Dubai Media and Technology Free Zone (TECOM), facing The Palm Jumeirah, will cover a built-up area of more than 15 million square feet. Abdul Majeed Al Fahim, More About: Purchase , Hase
Office Rents in Dubai, Doha to surge by 20%
2007-12-17 06:25:00 The office rents in Dubai , and Doha are likely to go up by 20% next year, as the demand surpasses supply, and due to the expansion of international business in the Gulf region, revealed the property services company, CB Richard Ellis. "The top-quality offices in Dubai, cost as much as Dh.500 per square foot, and this in-turn could increase prices to Dh.600 per square feet next year, which would More About: Office , Surge
Waterfront Residences building contract awarded to Mammut Group
2007-12-17 04:40:00 Nakheel, the Dubai-based largest and most innovative real estate developers in the world, has awarded the first building contract for residences at Waterfront to Mammut Group , an UAE-based building and construction enterprise. This will result in creation of first apartments and duplexes at the development, and is scheduled for completion by 2009. Nakheel is developing an iconic portfolio of More About: Building , Contract , Residences
Al Osaimi Group launches Dh.1bn luxury resort at Palm Jumeirah
2007-12-15 06:18:00 The Al Osaimi Group has confirmed that the construction work of the $272million (Dh.1 billion) luxury resort at The Palm Jumeirah, is progressing as scheduled, and will be ready by first quarter of 2008. The Kuwait-based developer has taken the help of several firms for project consultancy, contracting and enabling works and project management, as this is their maiden project in the UAE. The More About: Luxury , Resort , Meira
Abu Dhabi plans to set-right property laws
2007-12-11 06:22:00 Abu Dhabi is planning to create a legal framework to protect the emirate's property investors to support the current property boom, said senior government officials. Speaking during a seminar on 'Abu Dhabi Property Laws ', the Undersecretary of the Department of Municipal Affairs, Ahmad Mohammad Shareef, said Abu Dhabi is currently witnessing a construction boom that is expected to continue More About: Plans , Abu Dhabi , Rope
Ground-breaking held for Indigo Spectrum 1 and 2
2007-12-11 04:37:00 One of fastest growing real estate development companies, Indigo Group, has announced the ground-breaking of their project, Indigo spectrum 1 and 2 in the Central District of International City, Phase 1 in Dubai. The eight-storey Indigo Spectrum 1 and 2 comprises exquisite residences, with single, double and triple bedroom apartments, and feature a rooftop pool, ground floor retail, and fully More About: Ground , Breaking , Breakin
Dubai property prices unlikely to stabilize in next few years
2007-12-09 07:09:00 The real estate prices in Dubai are unlikely to stabilize during the next five years, in case the rent-cap is not lifted, and if the government does not take initiative to implement measures that could contribute in improving the supply market, say experts. A study of the Dubai real estate sector by the Dubai Chamber of Commerce and Industry (DCCI) revealed that demand and supply of real estate More About: Property , Years , Prices , Rope
Mawarid Finance offers financing for The Centrium purchasers
2007-12-09 06:31:00 Mawarid Finance , a Dubai-based public joint stock company, specializing in Islamic Finance, have entered into a partnership agreement with ETA Star, for providing finance to purchasers of units in 'The Centrium' at International Media Production Zone (IMPZ) in Dubai. Potential buyers can get up to 95% finance, and will have to pay installments after moving into their apartments. The 'Centrium' More About: Financing , Offers , Hase
Diamond Views in Jumeirah Village progresses on schedule
More articles from this author:2007-12-08 07:06:00 Diamond Developers, a new class of property developers in Dubai, have announced both projects, Diamond Views 1 and Diamond Views 2, which are progressing as per the planned schedule during the construction phase. Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, More About: Schedule , Village , Diamond , Meira 1, 2, 3, 4, 5 |
