Archive for May, 2017

Dubai developers time payment schemes to perfection

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Dubai: In the season of giving Dubai’s developers are doing their part. And payment plans are turning ever more generous — Nshama is allowing payment terms whereby up to 80 per cent can be done on completion. This is for units at its Town Square development. “The project is set to handover its first wave[…]

Gupta emails confirm family’s extravagant Dubai palace

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The address of the Gupta family’s opulent Dubai mansion – which once had the most expensive asking price of any home in the entire United Arab Emirates – has been confirmed for the first time in a tranche of emails detailing the controversial family’s links with President Jacob Zuma and his government. The emails, which[…]

ENBD REIT buys GSA’s student residence in Dubai

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ENBD REIT (CEIC), a top Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, has acquired Dubai’s first purpose-built student residence from Global Student Accommodation (GSA). The 424-bed property was bought from the global leader in student accommodation on a sale and leaseback agreement at a transaction value of Dh120million ($32.6 million). The[…]

Guptas helped Duduzane Zuma purchase R18m home in Dubai

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The Times Media Group has now reported that leaked emails show how Zuma’s son purchased a multi-million rand property in Dubai. President Jacob Zuma’s son, Duduzane Zuma. Picture: Supplied. JOHANNESBURG – President Jacob Zuma’s son Duduzane bought an apartment worth nearly R18 million in Dubai just months before a letter circulated in[…]

ENBD REIT invests into Dubai’s first purpose-built student accomodation | CPI Financial | CPI Financial News

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ENBD REIT, the Nasdaq Dubai-listed Shari’ah-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 agreement at a transaction value[…]

New sophisticated residential tower launched in Dubai

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Mada’in Properties, a UAE-based boutique real estate company, has launched its collection of ready-to-move-in homes at Marina Arcade, a sophisticated residential tower in Dubai Marina offering the first-of-their-kind lifestyle amenities. Offering breathtaking views of the Marina skyline, the development features over 280 apartments ranging from one-, two- and three-bedroom units to duplex and triplex units[…]

Shaikhani delivers 100 new Dubai residential units

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UAE-based developer Shaikhani Group said it has handed over 100 residential units at its Dh150-million ($41 million) Champions Tower I, a 15-storey property offering a total built-up area of 114,124 sq ft in Dubai Sports City, to the customers. This comes following the group’s announcement in February on the delivery of 135 units in the[…]

Emirates Crown is Dubai’s newest vacation home

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Al Dar Darak’s newest property Emirates Crown, located in close proximity to the iconic Dubai Marina, is the ideal vacation home for even the most discerning travellers. Intended for both long and short term stays, Emirates Crown defies convention, setting a benchmark for luxuriant comfort. Emirates Crown features furnished two-bedroom apartments, complete with spacious rooms and[…]