Dubai developers no longer allowed to collect service charges from property owners

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Developers in Dubai have only a month left to start invoicing all service charges on ready properties through the Dubai Land Department’s “Mollak” electronic records Image Credit: Oliver Clarke/Gulf News Dubai: Developers in Dubai have only a month left to start invoicing all service charges on ready properties through the Dubai Land Department’s “Mollak” electronic[…]

Zameen: Long-time leader faces new crop of marketplaces in Pakistan

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For more than a decade, real estate marketplace Zameen.com has been the dominant vertical in Pakistan. Taking advantage of the country’s growing, increasingly internet-savvy market, the company has focused on segment transparency and new tech. This content is part of our business intelligence service. Please click the button below to learn more. Source link

Hyatt opens fourth Hyatt Place hotel in Dubai [Construction Report]

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Hyatt launches its fourth Hyatt Place property in Dubai and creates another great alternative in the midscale travel segment in Dubai’s quickly diversifying market. Hyatt’s fourth Hyatt-branded select service property has opened in Dubai. The Hyatt Place Dubai/Jumeirah expands the group’s midscale portfolio in the UAE and appeals to the growing tourism sector not looking[…]

An economy on autopilot

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The Maltese economy has been performing well in the last few years, and the good performance is expected to persist for the coming few years. The government may think it has discovered the elixir of long-term economic well-being and feels tempted to put the steering of the economy on autopilot. The EU’s autumn economic forecast[…]

Dubai property broker posts record-breaking sales so far in 2019

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Gulf Sotheby’s International Realty posts $220m sales, boosted by huge land deal in La Mer, Dubai Dubai-based Gulf Sotheby’s International Realty, a franchise of the world’s largest luxury realty, has announced a record-breaking AED810 million ($220 million) in sales for the first three quarters of 2019. The 15 percent increase from the same period last[…]

Dubai Is Building Too Many Malls

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(Bloomberg) — A desert city of gleaming skyscrapers and wealthy foreigners accustomed to packed, air-conditioned shopping malls, Dubai has developed an unexpected problem in recent years: empty storefronts. This 1,600-square-mile oasis of commerce has dozens of malls where visitors can shop while keeping cool. The fancier ones boast marble corridors lined with luxury retailers and[…]

Dubai’s Mall-Building Binge | News & Analysis

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DUBAI, United Arab Emirates — A desert city of gleaming skyscrapers and wealthy foreigners accustomed to packed, air-conditioned shopping malls, Dubai has developed an unexpected problem in recent years: empty storefronts. This 1,600-square-mile oasis of commerce has dozens of malls where visitors can shop while keeping cool. The fancier ones boast marble corridors lined with[…]