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30/07/2016

Dubai real estate deals cross Dh113b as revival takes hold
Real estate related transactions in Dubai totalled Dh113 billion for the first half of this year compared with Dh129 billion a year ago.
In all, there were 28,251 deals struck in Dubai real estate during the first six months, split into sales, mortgages and other transactions. Sales made up the bulk of the deals with a 43 per cent share and Dh48.71 billion in value.

28/07/2016

Dubai real estate values remain stable with robust demand for quality developments - ADIB report
Dubai - Residential sales prices in Dubai remained stable during the second quarter of 2016, according to the latest Dubai Real Estate Market Overview by Abu Dhabi Islamic Bank (ADIB) and its real estate advisory subsidiary MPM Properties.
The off-plan residential market remains buoyant with the launch of over 4,000 new units (villas and apartments) spread across 20 projects. Around 70% of new launches were in the price range of AED850 -1,100 per sq.ft. with developers continuing to offer incentives, including post-handover payment plans helping to maintain healthy absorption rates.

26/07/2016

Dubai real estate investment up 7.5% per cent in H1
Emirati and Indian investors led the market, according to DLD
Total real estate investment in Dubai increased 7.55 per cent year-on-year to Dhs 57bn ($15.5bn) in the first half of 2016, according to the emirate’s land department.
Investment in the emirate’s property market totalled Dhs 53bn ($1.44bn) last year.
The DLD said the H1 2016 total comprised 26,000 investors from 149 nationalities.

17/07/2016

investments total $13bn in first 5 months of 2016
Investors pumped a total of AED48 billion ($13 billion) into Dubai’s real estate market during the first five months of the year, according to new figures from Dubai Land Department (DLD).
DLD’s latest transactions report showed that 21,773 investments were made between January and June 2016.
In earlier figures released in April, the DLD said a total of AED25 billion ($6.8 billion) of investments were made in Dubai real estate in the first quarter of the year alone.
The figures show the investment total almost doubled in the second quarter, and a total of 127 different nationalities invested in the emirate over the period.

15/07/2016

plans new
Dubai has moved closer to top of 'Semi-Transparent' category, where it sits on a par with Tier 1 cities in BRIC countries.
Dubai is planning to launch a real estate performance index that will allow global investors to track and benchmark performance, according to the Dubai Land Department (DLD) chief.
“While we have certainly made good progress over the past two years, we recognise that further initiatives are required if Dubai is to achieve its goal of delivering a more transparent market,” Director-General Sultan Buti Bin Mejren wrote in JLL’s Global Real Estate Transparency Index, 2016.

13/07/2016

World’s largest in takes shape
Construction of what will be the world’s highest observation wheel, located in Dubai, has reached a significant milestone according to its developer, Meraas.
Ain Dubai, which is taking shape on Bluewaters Island in front of the Jumeirah Beach Residence coastline, has had its hub and spindle lifted into place, creating a new feature on Dubai’s dramatic skyline.
They were manufactured and assembled in the UAE and shipped to Bluewaters Island due to their size – the spindle has a diameter of 6.25 metres and is made of steel that is similar to that used for nuclear power plants.

To read more visit: http://www.thenational.ae/business/travel-tourism/worlds-largest-observation-wheel-in-dubai-takes-shape--in-pictures

09/07/2016

projects set to provide timely relief for Dubai’s contractors
The award of the extension contract is expected to be followed by a flurry of Expo 2020 contracts, providing much-needed relief for battered builders.
The award of the Dh10.6 billion order comes as other major projects related to the expo also move forward.

07/07/2016

offers new pathways of prosperity
The completion of the Dubai Canal project over the next few months could help to transform the city by opening a waterway, currently stranded in Business Bay, for leisure use and by creating swathes of valuable new real estate.
The 3.2-kilometre extension of Dubai Canal from Business Bay to the Arabian Gulf is progressing at pace, with an elevated southbound stretch over Sheikh Zayed Road set to be open today, allowing for the removal of the old carriageway below.

05/07/2016

Building begins at Six Flags theme park in Dubai
Dubai Parks and Resorts on Sunday started work on the ¬construction of its Six Flags theme park.
The company said a ground-¬breaking ceremony was held to mark the second phase of the development of Dubai Parks and Resorts and what will be the fourth theme park on the site. The other three – a Motiongate, a Legoland Dubai and a Bollywood Parks Dubai – are due to open in October, while Six Flags is set to open in late 2019.

02/07/2016

Dubai ranks among top 10 green cities
City scores well in 'green building efficiency and performance' parameter
Dubai has been ranked among the top 10 global cities for green building, according to a recent white paper published by Solidiance, a management consultancy firm focused on Asia.0

The emirate ranked eighth on the list. Dubai was given a score of 43.5 per cent - it scored strongly in the 'green building efficiency and performance' category. Paris, Singapore and London ranked among the top three global cities for green buildings.

30/06/2016

2m passengers expected at
Dubai International (DXB) is gearing up for nearly 2 million passengers over the two weekends of June 30 and July 7.
With schools across the UAE closing for the summer break, over 900,000 passengers are anticipated to pass through DXB from June 30 to July 3 and a similar volume of travellers is forecast on the following weekend from July 7-10 around Eid Al Fitr holidays.
Dubai Airports is launching the Hangout@DXB campaign to encourage departing passengers to get to the airport early.

28/06/2016

Abu Dhabi and Dubai most expensive Middle East cities to live in
Abu Dhabi and Dubai are among the most expensive cities in the world to live, a survey revealed.
Dubai ranked the 21st most expensive city, up from 23 last year, while the capital came in at 25, up from 33.
These moves followed a trend across the Middle East.
“The main reason Dubai and Abu Dhabi, and in fact almost all cities in the Middle East, increased in rank is that their currencies are pegged to the US dollar," Mr Thissen said.

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