real estate

July 22, 2017

Expect further rent drops during the summer. However, those of you living in central locations are likely to see rents stabilising by next year while those in secondary locations can see prices softening further. This is as per a market report issued by real estate consultancy Core Savills.

Rents in Dubai continued to soften across the board in the second quarter, with only one exception in Dubailand, possibly due to low entry level rents. 'Tenants are increasingly conscious of current market conditions and many have successfully renegotiated contracts while others have shifted homes, either upgrading to a better unit at a similar or lower rent' says David Godchaux, CEO of Core Savills.
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July 22, 2017

Abu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of Dh66 million ($18 million).

The Centre will bolster energy control efforts, help stabilise the Guinean national electrical grid, and bring power to the nation.

Moreover, the project aligns with the West African Power Pool (WAPP) programme that aims to provide electricity supply and facilitate cross-border power exchange, said senior officials at the official cornerstone-laying ceremony of Guinea’s National Dispatch Centre held in the presence of Guinean President Alpha Condé and Prime Minister"...

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July 18, 2017

The Arab Region’s leading think tank and sustainability centre Arabia CSR Network will hold a host of trainings in the second half of 2017. Starting with a certified training on GRI Standards in July and a few more of the same in September and December, ACSRN will offer more trainings to build capacity of individuals and organisations in CSR and sustainability. A two-day training on Integrated Reporting will be held in October, an accredited 3 day CSR Advanced course in November and a one day workshop titled Materiality Matrix in October. August ACSRN will organise a one day GRI Standards Transition Module for interested participants.

Arabia"...

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July 17, 2017

Cityscape Global will help developers with UAE-based projects to sell onsite to homebuyers and investors for the first time, in what is expected to be a turning point for potential buyers looking to make purchases at the three-day exhibition.

Cityscape Global, which will be held from 11th to 13th September at the Dubai World Trade Centre, will feature some of the foremost developers from the region and the world, who will showcase a range of ground-breaking real estate projects.

For the first time, the 16th edition of the event will enable visitors interested in investing"...

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July 17, 2017

Properties Investment, a joint venture owned 70 per cent by Dubai Investments and 30 per cent by Union Properties, announced the handover of 76 townhouses in stage 1 of its Green Community Dubai Investments Park - West Phase III in line with its scheduled time frame.

The Dh97 million project comprises a total of 210 townhouses being built in three stages, including 122 four-bedroom and 88 three-bedroom townhouses, 16 duplex apartments, retail units, recreational centres, swimming pools, squash court and landscaped areas.

Stage 2 will include 100 townhouses and is expected"...

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July 16, 2017

Aldar Properties is on track to hand over its Ansam project on Yas Island during the fourth quarter of 2017, while making strong progress across a number of other developments in key destinations.

Situated on the west side of Yas Island, construction of the Andalusian-style apartment development, Ansam, is entering its final stages. Building facade works are complete and community roadworks and landscaping will follow this quarter. The residences are on track for a phased handover to conclude by year-end.

The infrastructure and non-residential works are now substantially"...

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July 16, 2017

Damac Properties has announced the opening of its new Sheikh Zayed Road sales centre in Al Manara area, opposite Times Square Centre mall. The new centre will operate from 10am to 7pm daily.

'The sales centre aims to provide accessibility and convenience to our customers while showcasing Damac's portfolio of developments in Dubai and beyond,' said Niall McLoughlin, senior vice-president, Damac Properties.

The new centre expands Damac's network of local sales offices to four, joining the Park Towers, Damac Hills and Ocean Heights locations in Dubai. It also takes the real estate brand's tally of regional centres to eight.

khaleejtimes

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July 16, 2017

The launch of the Real Estate Registration Trustees Offices has helped the Dubai Land Department, DLD, save approximately AED45 million annually through 18 offices across Dubai, said Saad Abdulla Al Hammadi, Director of Finance and Administrative Affairs at the DLD.

The Real Estate Registration Trustees Offices are playing an important role in fulfilling the department’s vision of making Dubai the world’s premier real estate destination and a byword for innovation, trust and happiness. The DLD has also confirmed that the offices contribute to an increased total yearly revenue through significant savings.

'The"...

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July 16, 2017

Deyaar Development has launched a summer promotion to provide would-be home-owners and investors with special offers on a range of off-plan and ready properties across Dubai.

The developer said the campaign includes perks such as down payments from just 5 percent and up to 100 percent Dubai Land Department registration fee covered by Deyaar.

Properties included in this offer range between off-plan, under construction and ready properties such as Midtown, The Atria, and Mont Rose, As well as Clayton, Mayfair Tower and Mayfair Residency in Business Bay, and Ruby Residences"...

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July 14, 2017

The majority of UAE residents are not signed up to a home insurance policy - despite understanding the risks associated with not being covered by home contents insurance - according to a recent survey from compareit4me.com.

The survey revealed that 69.1 per cent of people in the UAE are currently not signed up to a home contents insurance policy. This is despite the fact that the vast majority (84.5 per cent) of UAE residents admit that they would feel more comfortable in the knowledge that their belongings are covered by home insurance when they travel.

The reasons"...

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