While Dubai’s commercial real estate market has experienced muted growth over the past six months, the recently announced Emirates Towers Business Park is set to become Dubai’s most defining commercial development in over 10 years, according to the latest Dubai Office Market Bulletin for Summer 2017 by international real estate consultant Cluttons. Faisal Durrani, Cluttons head …
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Dubai’s DAMAC Properties launches Aurum Villas with 1 kg of gold guaranteed with the purchase of every villa
DAMAC Properties, a leading luxury real estate developer in the region, this week is launching Aurum Villas, a collection of modern homes where indulging in a glamorous lifestyle is combined with access to world-class amenities within an international golf community. As part of its Ramadan special promotion, the developer is offering 1 KG of gold …
Dubai Land Department participates in the 68th World Congress of the International Real Estate Federation (FIABCI)
A high-level delegation from Dubai Land Department (DLD) participated in the 68th World Congress of the International Real Estate Federation (FIABCI), which was held in the European state of Andorra from 23rd to 28th May. Dubai made a prominent appearance at the event, which took place under the slogan ‘Smart City, Smart Building’, as the …
DAMAC Properties launches Casablanca Villas as part of its Ramadan offerings
DAMAC Properties, a leading luxury real estate developer in the region, has launched Casablanca Villas, a collection of fully furnished and serviced luxury boutique villas in Dubai inspired by the enchanting vibes of Casablanca city. As part of its Ramadan specials this year, DAMAC Properties is offering investors and customers the opportunity to pay 60% …
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ENBD REIT Invests into Dubai’s first purpose-built student accommodation by Global Specialist
ENBD REIT (CEIC) Limited (“ENBD REIT”), the Nasdaq Dubai-listed Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, announces that it has acquired Dubai’s first purpose-built student residence by Global Student Accommodation (“GSA”). ENBD REIT has acquired the 424-bed property from the global leader in student accommodation on a sale and leaseback …
Casablanca Boutique Villas by Damac Properties in Dubai
Casablanca is a city that fascinates, inspires and sparks unceasing curiosity. Influenced by European culture and architecture, this marvellous destination radiates an inexhaustible joie de vivre, transporting dwellers and visitors alike to the relaxed Moroccan ambience. Casablanca’s enchanting vibes find a home in a collection of serviced and furnished villas in Dubai – Casablanca Boutique …
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DAMAC Properties launches Aknan Villas highlighting the importance of ‘Home’ in the region
DAMAC Properties, a leading luxury real estate developer in the region, has launched Aknan, a collection of 3-bedroom luxurious villas that pays homage to the sentiment of home being such a central part of life. Aknan Villas will go on sale in Dubai on Wednesday 24th May at Roda Al Murooj Hotel, Al Yasat Ballroom, Downtown …
Emaar accomplishes engineering marvel with iconic Sky Bridge on Address Sky View in Downtown Dubai
Emaar Properties accomplished the challenging engineering feat of designing, constructing and lifting an iconic Sky Bridge that links the new Address Sky View hotel with the Address Residences Sky View in Downtown Dubai. Rising at a height of over 220 metres, the 85-metre-long Sky Bridge, with a height of 22 metres and maximum width of …
Nakheel reports Q1 2017 net profit of AED1.48 billion
Nakheel announced a net profit of AED1.48 billion for the first quarter of 2017. The company handed over 412 land form and built form units to customers during Q1 2017, with its retail, hospitality and residential leasing businesses continuing to perform solidly. The three-month profit is in line with company forecasts, said Nakheel. Between 1 …
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Emaar Properties declares 15% cash dividend of AED 1.074 billion (US$ 292 million) for shareholders
The 19th Annual General Meeting (AGM) of Emaar Properties PJSC declared a cash dividend of 15 per cent of the share capital, equivalent to AED 1.074 billion (US$ 292 million), for distribution to the company’s shareholders. The AGM also approved the report of the Board of Directors on the activities and financial position of Emaar, …