Archive for December, 2019

Dubai announces biggest ever Dh66.4 billion 2020 budget

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Dubai Skyline. The total budget outlay for 2020 is higher by 16.9 per cent compared to the previous year Image Credit: Antonin Kélian Kallouche/Gulf News Dubai: The Government of Dubai has allocated a record Dh66.4 billion ($18.1 billion) for the 2020 budget compared Dh56.8 billion budgeted in 2019. His Highness Shaikh Mohammad Bin Rashid Al[…]

Dubai Land Department in key UK partnership talks

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The Dubai Land Department (DLD), through its Registration and Real Estate Services sector, held strategic talks with leading global industry players during their visit to London, UK. The DLD team held seven benchmark meetings with its most prominent partners across several fields. This comes as part of its efforts to communicate with its global partners,[…]

Saudi economic rebound expected to support real estate sector

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Saudi economic rebound expected to support real estate sector Like other real estate markets in the Gulf Cooperation Council (GCC), Saudi Arabia’s property sector has been under a fair amount of pressure with falling property prices and rents in recent years.  Hydrocarbon production quotas, subdued global oil and gas prices and geopolitical tensions have all[…]

Deyaar unit adds over 1,800 units to its 2019 portfolio

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Deyaar Owners Association Management (DOAM), a subsidiary of Deyaar, one of Dubai’s leading property developers and real estate service providers, has announced the addition of 1,849 new units, with a saleable area of 1.7 million sq ft, to its portfolio throughout the year, increasing the number of units the company now oversees to more than[…]

Damac offers DSF deals on luxury projects in Dubai

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Damac Properties, a leading luxury real estate developer in the region, has introduced exclusive Dubai Shopping Festival offers on five of its most coveted luxury residential projects in Dubai, UAE. These include residential apartments in Amora Golf Verde, luxury villas at Damac Hills and Akoya, residential apartments at Damac Privé, and hotel units at Radisson[…]