Archive for June, 2017

Dubai real estate sector seeks more international investors

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Emirate’s property sector witnessed a 25 per cent increase in overall transactional activity in Q1 Dubai real estate attracts significant interest from international investors, yet there is vast potential yet to be tapped. The emirate’s property sector witnessed a 25 per cent increase in overall transactional activity in the first quarter of this[…]

Dubai real estate transactions up 25pc in Q1

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The Dubai property sector has witnessed solid growth in the first quarter with about 25 per cent increase in overall transactional activity in the real estate sector during the period, said Sultan Butti Bin Mejren, the director general of the Dubai Land Department (DLD). He was speaking at the first Ramadan Real Estate Majlis hosted[…]

Only landlords can allow subletting

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I have rented a flat from an estate agent and sublet it to some single women. However, there was a couple of surprise visits to the flat by the municipality after three and six months; they informed me that I have taken a flat in a family name but am renting it out to single[…]

Prefab glass mansion is fossil-free

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It may be hard to believe but this modern, five-bedroom mansion in the UK’s West Sussex countryside – with its own helipad, staff accommodation and 21-acre garden – is actually a luxurious prefab. Designed by German manufacturer Huf Haus which is famous for building in the Bauhaus architectural tradition with large swaths of glass incorporated[…]

Dubai residential sales dominated by off-plan purchases

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Off-plan property transaction now make up almost half of all residential sales in Dubai, with buyers taking advantage of increasingly generous payment plans, according to listings portal propertyfinder.ae. The company said cheaper homes and lower deposit requirements were driving investors towards off-plan deals. It said median prices for homes have fallen by 20 per cent[…]

Emaar real estate IPO has value

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Mohammed Al Hashemi, the ­executive director of Invest AD Asset Management, answers questions on Emaar’s recently announced real estate unit IPO, the benefits of listing subsidiaries and what the IPO means for the wider market. Is Emaar’s real estate unit IPO a surprise to the market? How does it fit into the company’s broader strategy?[…]

Arabtec gets go-ahead for capital reduction

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The contractor Arabtec has announced that it has gained regulatory approval for the second phase of its share recapitalisation programme, which will see the number of shares in issue decline to 1.5 billion from 6.1 billion. In a statement to the Dubai Financial Market, Arabtec said Thursdaywould be the last day of trading in its[…]

Amlak partners with Dubai Land Department

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Amlak Finance, a leading specialised Shari’a compliant real estate financier in the Middle East, has announced a key partnership deal with the Dubai Land Department (DLD). This strategic co-operation aims at doubling customers’ properties, enhancing the investment appetite for the Dubai real estate market, and stimulating growth in the sector, said Arif Alharmi,[…]

Emaar Properties names Jain group CEO

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Dubai’s Emaar Properties, a leading property developer and builder of the world’s tallest tower Burj Khalifa, has appointed Amit Jain, as the new group chief executive officer. An industry veteran, Jain has over 20 years of experience in senior positions with real estate, banking industries and as management consultant. He is a Chartered Accountant from[…]