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Information Guide for Real Estate Opportunities & Freehold Properties in Dubai

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In The News : Dubai Real Estate / Freehold Property

Top property firms to merge


Dubai Holding on Saturday announced that the first phase of the company's realignment has been completed with the formation of two verticals, Property and Business Parks.

Rakeen begins Lebanon realty sales


Lebanon might be the new property hotspot with many UAE-based developers going there with big plans for development.

Hoping for an end to property blues


When presented with positive signs emanating from the US commercial property market, remember the words of Friedrich Nietzsche: "Hope is the worst of evils, for it prolongs the torments of man."

Irish real estate market crash may not be over yet


Greencore puts plans for development on hold as crisis lingers

Pacific Middle East joins forces with Qatar's Rumaillah Group


Pacific Middle East (PME), the Middle Eastern unit of AIM-listed Real Office Group, has struck an alliance with Qatar's Rumaillah Group to accelerate its expansion into nascent Gulf property markets.

Weekly land deals reach Dh1.93b


The total value of land transactions in Dubai last week reached Dh1.93 billion, of which sales exceeded Dh1.10 billion. The total value of mortgages during the period was Dh838.29 million, according to the Land Department.

R-Serviced Offices launched in Dubai


Shaikh Ahmad Mohammad Zayed Saqr Al Nahyan, Chairman of Reef Real Estate Investment LLC, announced Tuesday the launch of R-Serviced Offices in Dubai.

UK home sellers lower asking prices


UK home sellers lowered asking prices in August by the most in eight months as banks kept up the squeeze on credit, Rightmove Plc said.

Durrat Marina land reclamation completed


The land reclamation exercise for the Durrat Marina islands project, part of the luxury Durrat Al Bahrain residential resort, has been completed ahead of schedule.

Property market starting to stabilise


Signs of stability are becoming apparent in Dubai's property market with the volume of transactions remaining consistent in the first half of 2009, according to the latest industry report compiled by Jones Lang LaSalle.

Dubai Holding to streamline its operations


Dubai Holding announced yesterday that it is realigning its organisational structure to streamline its operations and ensure the continued delivery of projects and organisation's future growth.

Dubai Lagoon begins final phase


Schon Properties, developers of the Dh3 billion Dubai Lagoon project, have commenced construction within the final part of their 5.7 million square foot development.

Value of Dubai land deals reaches Dh1.88b


The total value of land transactions in Dubai last week touched Dh1.88 billion, of which sales exceeded Dh856.81 million. The total value of mortgages during the period was Dh1.02 billion, according to the Land Department.

Barwa to begin $9b mixed-use Cairo project early next year


The Egyptian unit of Qatar's Barwa Real Estate will begin building a $9 billion (Dh33 billion) Cairo project in the first quarter of 2010 to tap strong demand for residential property in the north African country.

Sorouh Real Estate appoints new CFO


Sorouh Real Estate, the Abu Dhabi-based real estate developer, on Tuesday announced that Richard Amos has been appointed Chief Financial Officer.

Hydra Properties unveils model villas


Hydra Properties, a subsidiary of the Royal Group, yesterday unveiled model villas at Hydra Village.

Qataris lift London skyline


Half a mile across the River Thames from where bankers tally job losses in London's financial district, builders sink girders to lay the foundations of what will be western Europe's tallest skyscraper.

Real estate still a good investment


The real estate sector is still a good option for investment, despite the current global economic slump, a top UAE businessman says.

Land transactions in Dubai hit Dh1.17b


The total value of land transactions in Dubai last week reached Dh1.17 billion, of which sales exceeded Dh798.07 million. The total value of mortgages during the period was Dh376.16 million, according to the Land Department.

ADFC approves Dh660m mortgage financing funds


About Dh600 million in mortgage financing funds has been approved by Abu Dhabi Finance Company (ADFC) out of applications totalling Dh770 million since its establishment last November, the company said on Monday.

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