Dubai Investment Properties (DIP) on Monday launched a multi-million 'Sunset' mixed-use development project in Dubai.

The total value of land transactions in Dubai on Monday peaked at 340.29 million, of which sales exceeded Dh242.69 million.

Real estate developers in Dubai have begun offering innovative payments schemes to attract the captive end-user market in a bid to overcome the current crisis.

Ajman developer R Holding has apparently relaxed investor instalments on its Dh15 billion Emirates City development in light of the current financial crisis.

The merger of two largest Islamic mortgage providers in the UAE - Amlak Finance PJSC and Tamweel PJSC into a newly created $8 billion lender will ensure the mortgage business thrives in the country in the years ahead, investment bankers told Gulf News on Sunday.

Property Developers in Abu Dhabi seem to be immune to the current situation faced by the real estate sector - the prime driver of economies in Dubai, Sharjah, Ajman and Ras Al Khaimah.

The value of land transactions exceeded Dh7.32 billion last month, according to figures released by the Dubai Land Department.

Last year started off with a bang in Dubai's real estate sector, with sky high sale prices and rents, and a series of attention-grabbing projects in the pipeline.

Complaints by investors and buyers are piling up against brokers and developers as Dubai's real estate market enters the New Year.

Property developer the Fortune Group is soon to announce the main construction package for the 108-storey Burj Al Alam, the world's tallest commercial tower, being developed at the Business Bay, a top official said.

Tenants in Dubai are concerned that this year's rent cap has not yet been announced, despite the current one due to expire as we enter 2009.

The UAE is the second easiest country in the Arab world to register property, according to a Doing Business report by the World Bank.

Investments into Ajman's property sector have crossed the Dh400 billion mark, according to reports.

Mizin, the real-estate development arm of Tatweer, announced an alliance with RAKBank to provide an exclusive mortgage deal on Mizin's REMRAAM community.

No more freelancers will operate in Dubai's property sector as all real estate licensing procedures are now set to be operated under one, uniform system, according to an agreement signed by the Department of Economic Development (DED) and Dubai's Real Estate Regulatory Authority (Rera).

Trident International Holdings (TIH) yesterday said it has handed over its second freehold residential project in Dubai - Bayside Residence - a luxurious residential development in Dubai Marina - this month in what is perceived as a challenging time for the real estate market.

The chairman of Aspire Real Estate has promised that his Jehaan project is going ahead, in an effort to try to put to rest the frustration and annoyance of his investors.

Young slovakians are moving in, tempted by cheap land and easy development.

The future of leasing charges in Dubai depends on how much liquidity comes back into the market and when, experts say.

Some companies come up with unreasonable extra fees, but they have no legal grounds to modify the terms of the contract.