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Monthly Archives: May 2018

DLD to enable digitised real estate transaction

The National, 29 May 2018

The Dubai Land Department is creating a ‘smart’ digitised platform that will eliminate the need for paper documentation of sales and rental transactions and other conveyancing by 2020, it said on Monday.“By removing many traditional …

Azizi Delivers Construction Update on Jumeirah Mina

Property Watch, 24 May 2018

The developer has announced that construction is progressing with finishing and façade works currently underway.

Commenting on the update, Mirwais Azizi, Chairman of Azizi Developments, said: “The market is witnessing a demand for projects in iconic …

Average Dubai office rents soften by 4.3% in a year

Arabian Business, 26 May 2018

Average office rents across Dubai softened by 4.3 percent year-on-year in the first quarter of 2018 despite greater activity levels, according to a new report.

Knight Frank Dubai, in its Q1 2018 UAE Commercial market update, …

Sharjah Healthcare City project set to double in size

Arabian Business, 22 May 2018

Sharjah Healthcare City Authority (SHCC) on Tuesday announced that the Abu Dhabi-based Ahalia Group has been awarded the permission to set up a $100 million 120-bed hospital in the emirate.The multi-specialty hospital spread across 50,000 …

First Emaar South residents set to move in during 2019

Arabian Business, 19 May 2018

Construction of all the residential components launched are progressing well, says developer. The first investors in Emaar South, the 7 sq km mega-development – a joint venture of Emaar Properties and Dubai South – can look …

10 year visa : More Expats will invest in Freehold homes

Khaleej Times, 21 May 2018

The UAE’s decision to allow for longer term residence visas and 100 per cent foreign ownership in companies is expected to have a significant impact on the property market, both residential and commercial. End-user expatriates …

Rise in Dubai mortgage activity points to a healthy market

Khaleej Times, 08 May 2017

An analysis of international real estate markets like the United States reveals that between 20 per cent and 30 per cent of overall transactions continue to occur in cash. This suggests that cash will always …

Abu Dhabi property prices, rents continue to slide in Q1

Arabian Business, 07 May 2018

Abu Dhabi’s property market heavily favoured renters and buyers during the first quarter of 2018, with data showing price decreases in all areas, according to real estate website Bayut.com.

Both apartments and villas across the sales …

Rental pressures will continue in Sharjah’s property market

Gulf News, 12 May 2018

Dubai: It’s becoming increasingly difficult to decide between renewing a tenancy contract in Sharjah or seek a new one in Dubai.

Rentals at popular residential locations in Sharjah remain under extreme pressure, with the Rolla area …

Arabtec profits more than triple to Dh63.6m

Gulf News, 12 May 2018

 

Arabtec Holding saw its profits more than triple in the first quarter of 2018 to reach Dh63.6 million, up from Dh17.6 million in the same quarter last year.

 The jump came as the Dubai-listed construction company …