Archives

December 2013

New residential development announced in Dubai

  A new residential property complex worth $136 million (£83.1 million) is to be built in the Dubai Marina, according to reports from Arabian Business. Pre-sales for property in the prestigious new development will commence in January with the project…

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Property portal eMart ‘exceeds expectations’

  The eMart portal set up to facilitate real estate transactions in Dubai is exceeding all expectations, according to Sultan Butti Bin Mejren, director general of the Dubai Land Department. Launched in November, the online platform has already received over 29,000 visitors in the space…

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Decree made on rent price hikes

  His highness Shaikh Mohammad Bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, has issued a decree that will see future rent price hikes in the emirate determined by a weighted average of the rental price properties in that area…

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Dubai property market to see more growth in 2014

  House prices in Dubai are expected to rise a between 10 and 15 per cent in the new year, according to Knight Frank’s Prime Global Forecast. An increase of this size would see the Dubai property market carry on…

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Dubai tops fastest growing property chart

Dubai house prices are not only still showing signs of growth, but they are in fact the fastest growing in the world, according to Global Property Guide. A total of 41 cities from around the world were compared in the…

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New apartments to be built near Expo site

  New residential properties are to be built close to the Expo 2020 site as more developers look to capitalise on the investment the event is likely to bring into the emirate. The latest development to be announced will be…

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No increase in property registration fees: Land Department

Dubai will not see a rise in property registration fees after an official statement from the Land Department was released on Monday (16th) put rumours of an increase to rest. Sultan Butti bin Mejrin, director general of the organisation said…

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Expo 2020 to ‘boost property market’

The new year is set to be full of positives for the Dubai property market as a result of the Expo 2020 win, according to one property expert. Mahdi Amjad, executive chairman and chief executive officer of Dubai-based developer Omniyat,…

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Emaar announces mega infrastructure project

Property developer Emaar has revealed its plans to create a 13 million sq mt mega-project within Dubai World Central, according to Gulf Business. The development, which is to be built ahead of Expo 2020, will contain a golf-course villa community, business hub, shopping centre…

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Dubai aims to become top ten sustainable city

  Dubai is set to implement a number of forward-thinking green building regulations as it attempts to become one of the top ten sustainable cities in the world, according to Gulf News. Spurred on by its recent World Expo 2020…

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