Archive for August, 2018

REITs to soak up Gulf property glut

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LONDON: The number of real estate investment trusts (Reits) launched in the Gulf is expected to rise as investors look for a way of obtaining exposure to the region’s expanding property sector, analysts said.A Reit allows investors to gain exposure to the real estate market through allowing collective ownership for fully-constructed real estate assets that[…]

Ready property sales hold steady in Dubai

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Sports City remains in demand, while Ranches and Springs are back in buyer favour The villas and The Els Club in Dubai Sports City. Sports City is the sole apartment cluster to record a net gain in sales compared with a year ago. Dubai: Got a ready apartment in Sports City? If so, then there[…]

Brokers get creative with innovative property sales structures

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Dubai property developers have been increasing incentives in the form of payment plans, post-handover options, guaranteed returns, registration fee waivers and much more to attract buyers. But such innovative methods to seal the deal are not restricted to developers; brokerage firms are also trying out new ways to get transactions rolling. “Sell-on clause” is one[…]

Centara, Nakheel ink resort deal in Dubai

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An artist’s rendition of Centara Deira Islands Beach Resort Dubai, which is aimed at strengthening the UAE’s four-star offerings. Centara Hotels and Resorts and Nakheel, a UAE-based developer, have cemented their joint venture with a construction contract to build a 2.63-billion-baht, 601-room beachfront resort in Dubai’s Deira Islands. The new property, Centara Deira Islands Beach[…]

EFCC detains Ekweremadu over 22 properties – Punch Newspapers

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Olusola Fabiyi and Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission has detained Deputy Senate President, Ike Ekweremadu, for alleged fraud and failing to explain how he came to own 22 properties in Nigeria, the United States, the United Kingdom and the United Arab Emirates. It was learnt that Ekweremadu honoured the invitation of[…]