Archive for February, 2018

Dubailand emerges as top location for new tenants

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DUBAI Landlords in Dubai Marina and Downtown don’t seem to have much room to manoeuvre when it comes to negotiating with tenants. These high-rise clusters top the list of freehold communities where residents have moved out, according to a survey by a portal. “Dubai Marina/JBR and Downtown witnessed more moving-out activity compared to moving-in activity,[…]

Dubai locations with the best rental returns

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While there is no sinificant change in rents, Dubai’s yields remain among the top globaly The mid-market apartments in Dubai Sports City have achieved an average yield of nearly 6 per cent The Dubai rental property cycle generally lags the sales market by about 12-18 months. As such, today’s average asking rents are broadly equivalent[…]

Are post-handover payment plans coming to an end?

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Some analysts say Dubai developers could start scaling back incentives offered to homebuyers It may be the right time to take advantage of generous payment schemes floating in the market, some property experts suggest, anticipating developers to start scaling back these incentives. Payment plans for residential property in Dubai are indeed getting super attractive for[…]

Is Dubai’s hospitality market too fragmented?

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With various schemes appearing in Dubai, we ask analysts if there reason to fear a backlash With third-party services such as Airbnb, tourists are able to find good choices in areas away from popular destinations With Dubai establishing itself as a leading holiday and business destination across the globe, the hospitality market has witnessed increased[…]

Who will save Dubai’s old buildings?

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As cities in the UAE continue to grow into larger metropolises, experts advocate saving buildings from each decade. “The buildings that should be conserved and retrofitted are those that have a cultural, historical and social weight in society,” says Mohamed Khodr Al Dah, chairman of the UAE Regional Group for the Institute of Structural Engineers[…]

Damac awards Dubai luxury tower construction deal

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Leading luxury property developer Damac Properties has awarded a Dh600 million ($163.3 million)  contract to China State Construction Engineering Corporation for the construction of one of the towers at Aykon City, premier luxury master development coming up on Sheikh Zayed Road overlooking Dubai Canal in the heart of Dubai. The contract covers main works construction[…]

The Sustainable City show jumpers help promote community – Middle East Construction News

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Event in line with mission to promote social sustainability Share Tweet Share Share Email The Sustainable City, the Middle East’s first fully-operational sustainable community recently hosted a Show Jumping Competition organised by the city’s Equestrian Club. The event welcomed 80 horse riders from the UAE and across the region[…]

A mall in Dubai dedicated to homes and furnishings

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The construction site of the Art of Living Mall in Al Barsha 2. About 250,000 square feet of leasable area have been booked, and talks are on to fill up the two anchor store locations. Dubai: For Dubai’s next generation of niche malls, it’s the age of specialisation. A new one scheduled for opening this[…]

Gensler wins Lootah’s housing project in Dubai

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Lootah Real Estate Development, one of the region’s prominent modern real estate developers, has appointed global architecture firm Gensler as master plan designer for its 1.15-million-sq-ft project in Dubai South’s Residential District. As per the agreement, Gensler will be responsible for the visioning, strategic planning, urban design frameworks, design guidelines and innovative solutions of the[…]