real estate

  • Asteco franchisees contribute 75% annual increase in sales

    Asteco, the Middle East’s largest independent full service real estate company, has underscored the success of its licensing division with the inaugural Asteco Franchise Awards, which took place at Towers Rotana in Dubai recently.

  • Eagle Hills Signs AED 300 Million Financing Facility for The Address Fujairah Resort + Spa

    Eagle Hills, an Abu Dhabi-based private real estate investment and development company, has signed a AED 300 million facility with the National Bank of Fujairah (NBF) to finance the ongoing construction of The Address Fujairah Resort + Spa, a luxury hotel and residential development in Fujairah.

  • Mountain View announces inaugural participation in the International Property Show 2018

    With the rapid expansion of the Egyptian real estate market in recent years, drawing in investments from the world over, the diverse landscape of the country has been put on the global industry map.  To further support this, Mountain View - which forms part of the Dar Al Mimar Group (DMG) - will showcase its unique offering at the 2018 International Property Show (IPS) for the first time this year.

  • ‘Ejari’ smart app protects the rights of all parties

    The ‘Ejari’ smart application developed by Dubai Land Department (DLD) protects the rights of all parties in the real estate sector including owners, tenants and property management companies.

  • “Brexit increases uncertainty but unlikely to have significant long term impact on Dubai real estate market’

    JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Dubai Real Estate Q2 Overview report that evaluates the impact of Britain’s exit from the European Union on the Dubai Real Estate Market across office, residential, retail and hotel sectors. Dubai caters to the most open real estate market within the region and as a result is more susceptible to external factors. As Brexit brings slight uncertainty into the market, it was noted that in Q2 2016 rent values continue to face a downward slope in the office and residential sectors.

  • “Land Department” Granted“Binghatti Developers” The Real Estate Tycoon Award

    Dubai-based Binghatti Developers has taken the spotlight at the 3rd annual Dubai Property Show in Mumbai,theDubai Land Department sponsored property exhibition taking place at the BandraKurla Complex in Mumbai from November 3 to 5.

  • 40 percent of foreign investment in Morocco are from GCC

    Morocco has been witnessing an increase in foreign direct investments, with 40 percent of foreign investment coming from the GCC region and significant proportion of this total being invested into the real estate sector.In addition, on an annual basis, the price of real estate assets has increased by 0.9 percent, with increases of 1.8 percent for land and 4.4 percent for professional use, while residential properties remained unchanged.

  • 41 real estate companies compete in International Property Awards

    Dubai Land Department (DLD) announced that the closing ceremony of the first edition of the International Property Awards – Dubai (IPAD) 2018 will be held on 11th October. With 49 companies competing in various categories, 41 of which being local, DLD is expecting a highly competitive first edition.

  • A plan to promote Sharjah real estate sectors at international exhibitions revealed

    Mr. Saeed Ghanim Al Suwaidi, Chairman of the Representative Committee of the Real Estate Sector at the Sharjah Chamber of Commerce and Industry (SCCI), revealed that a business plan is being put in place to promote the Emirate’s real estate sector at the overseas exhibitions, with a particular focus on the GCC countries, as the GCC investors account for a large portion of the total investments in Sharjah’s real estate sector.

  • A Rise in Tenant Interest for Emirates Living

    The rise in tenant interest in Emirates living appears to show a reverse in recent trends in the city. There has been a lot of rental attraction in newer developments such as Mira, Damac Hills and Mudon because of their attractive price points and clean, fresh, ‘brand new’ appearance.  Consequently, rental prices of properties in Emirates Living have dropped, sparking more tenant interest.

  • A Weekend of Food, Fun and Festivities Comes to DAMAC Hills Amphitheater in March

    Uniting the surrounding communities for three days of food, sun and family fun, DAMAC Hills is hosting a ‘Fun and Food Fiesta’ Festival being held at the Trump International Golf Club Dubai Amphitheatre from Thursday, March 15th to Saturday, March 17th, 2018.

  • Abdul Latif Jameel Land Selects Yardi Voyager Residential Management Software

    One of Saudi Arabia’s leading land and property developers, Abdul Latif Jameel Land will utilize Yardi Voyager® 7S, a browser-agnostic, fully mobile Software as a Service platform, for residential asset and property management.

  • Abdul Rahim Consultants Wins Design and Licensing Bid for 14 Building that Cost AED 570 Million for Alnafisi National Real Estate Group Co. & families

    Abdul Rahim Architectural Consultants (ARACO), a leading engineering consultant in design and project management in the UAE won a tender released by Alnafisi National Real Estate Group Co. for the design and licensing of 14 buildings in Dubai’s Satwa area. The project is approximately valued at AED 570 million and is expected to cover a building construction area of 1.3 million feet.

  • Above Ground Construction for Burj Sabah Commences

    The latest property project by RSG Properties, Burj Sabah, has commenced construction off the ground. The premier residential building is located at the plush Jumeirah Village Circle (JVC) and combines aspects of both traditional and modern aesthetics in its architecture. The 19 stories building is equipped with all the major facilities and will redefine premium suburban living. Burj Sabah is as green and smart as it is comfortable. Pre-certified as a Green Building, it has incorporated a number of ‘green’ elements in both design and construction.

  • Abu Dhabi Investment Forum

    Abu Dhabi Investment Office (ADIO), the entity mandated to promote Abu Dhabi as an attractive global destination for investments in various strategic sectors, and the International Real Estate and Investment Show (IREIS), signed an agreement to host the inaugural edition of the Abu Dhabi Investment Forum on the sidelines of IREIS 2018.

  • Abu Dhabi property market weakening, with further corrections expected, says Chestertons

    The Abu Dhabi real estate market softened further in the first three months of 2018, with sales prices and rents for both apartments and villas, still in decline throughout the UAE capital, with little prospect of improvement in the short to medium term.

  • Abu Dhabi property yields average 5% says Chesterons Q2 report

    Chestertons MENA, a leading international property agency, has released its latest residential market report for Abu Dhabi today (Monday 15 August 2016). Following six months of a relatively flat performance in H1 2016, investors are still being rewarded with an average 5% gross yield across the city, topping out at 8.8% in some areas.

  • Abu Dhabi property yields average 6% return in Q1 2016 as market remains flat, says latest Chestertons report

    Chestertons MENA, a leading international property agency, has released its latest residential market report for Abu Dhabi today (Wednesday 13 April 2016). Although the report recorded a rather lacklustre performance for the UAE capital’s in Q1 2016, in terms of rental and sales activity, it still represented good enough news for investors with a 6% gross yield across the city.

  • Abu Dhabi Real Estate Market showing initial signs of decline in Q2, as the slowdown in government spending and sentiment continues according to JLL Real Estate Market Overview

    JLL, the world's leading real estate investment and advisory firm, today released its second quarter (Q2 2016) Abu Dhabi Real Estate Overview report that assesses the latest trends in the office, residential, retail and hospitality sectors.

  • Abu Dhabi rents fall 10% amid economic uncertainty

    Average apartment rents in Abu Dhabi fell by 7% in 2016 while villa rental rates dropped 10% amid continuing economic uncertainty, job losses and cost cutting measures, according to the Abu Dhabi Residential Market Update Year in Review 2016 report from leading international property agency Chestertons MENA.