Dubai Land Department (DLD) has announced that Real Estate Registration Trustees Offices are playing an important role in fulfilling the department’s vision of making Dubai the world’s premier real estate destination and a byword for innovation, trust and happiness. DLD has also confirmed that the offices contribute to increasing its total yearly revenue by making …
Tag Archives: Dubai real estate news
Emaar to list its UAE Real Estate development business through up to 30% equity offering on Dubai Financial Market
Emaar Properties PJSC, the global real estate company, has announced plans to list its UAE Real Estate development global real estate companybusiness in order to create significant value for its shareholders. The IPO will be the largest since the Emaar Malls IPO in 2014. Subject to market conditions, Emaar will offer up to 30 per …
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 Holding and Meraas Holding to set up a new project management company
Dubai Holding and Meraas Holding have set up a new project management company that will manage multi-billion dollar projects by both firms as well as other third parties. This new company will utilise the expertise currently available at both firms to manage the execution and delivery of some of Dubai’s landmark projects. The new company …
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Meraas to commence handover of Bulgari Residences early 2018
All eight penthouses and 60 percent of the mansions and apartments are sold. Meraas revealed that it will commence the handover of Bulgari Residences early 2018. The luxurious residences have garnered great interest from property owners around the world since they went on sale, with all eight penthouses and over 60 percent of the 188 …
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Dubai Land Department develops action plan to regulate lease registrations in freehold areas
Dubai Land Department (DLD) has announced that it will be developing an action plan through its Rental Affairs Sector to regulate lease registrations in Dubai’s Freehold and Free Zone areas. The step is being taken to facilitate services in all of these areas for customers from all categories. The Rental Affairs Sector is cooperating with …
Fitch: Dubai real estate faces mixed near-term performance
Dubai real estate prices and rentals are likely to remain under pressure for the rest of 2017 but performance is likely to be fragmented, with prime assets still showing some resilience while lower-tier properties outside the centre will have price and rental declines, Fitch Ratings says. The risk of a property shock is small due …
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Dubai International Financial Centre signs MoU with Dubai Land Department
Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to allow entities based in the Centre to purchase and register properties with the DLD. The strategic agreement, signed by H.E. Essa Kazim, …
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DAMAC Maison Bay’s Edge to Open Next Month in Dubai
DAMAC Properties, a leading luxury real estate developer in the region, announced that DAMAC Maison Bay’s Edge will open in May 2017. Strategically located in Business Bay – the heart of the business, dining and shopping district of Dubai, the plush hotel with 250 keys will be the the ideal place for business and leisure …
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DAMAC Properties launches Golfotel to target Dubai’s growing golf tourism market
DAMAC Properties, a leading luxury real estate developer in the region, launched Golfotel, the only premium 5-tower hotel property surrounded by a golf course in Dubai. The announcement was made as part of DAMAC Properties’ participation at the Arabian Travel Market 2017, taking place in Dubai from April 24th to 27th. Golfotel will feature over …
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