real estate

March 12, 2020

UAE-based Danube Properties has announced the launch of Olivz, a Dh400 million ($108 million) master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities located close to the International City, Dubai.

The project will be developed in Al Warsan First area close to the International City and Dragon Mart with the easiest access to Mohammed Bin Zayed Road.

The"...

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March 12, 2020

Private sector developers lead while government-backed firms are going slow in terms of new project launches in Dubai, with increased focus on ongoing projects and delivering them on time.

Year-to-date, three private developers - Danube Properties, Sobha Realty, and Samana Developers - have publicly announced the launch of their projects worth over Dh800 million in total value, while some are in the planning stages. However, government-backed property giants - barring Emaar Properties - stay silent, focusing mainly on the completion and deliveries of ongoing projects.

Overall,"...

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March 11, 2020

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of leading architectural firm Denniston as the Master Planners for The Island.

Chief Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA carves a unique positioning within the global hospitality portfolio, catering to select travellers looking for innovative experiential escapes. Our ambition is to create personalised experiences, catering to the individual needs of each guest. Entrenched in the philosophies of art, wellness, and inspired by the purity of the Red Sea, we are excited to be working alongside"...

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March 10, 2020

Deyaar Development has announced the launch of Noor, the third district in its Midtown mega project in Dubai.

Noor district comprises 7 buildings with 593 units, including studios, one-, two-, and three-bedroom apartments. Prices start from AED480,000.

Designed with affordable family living in mind, Midtown residents will also enjoy amenities that cater towards a fit and healthy life, with open green spaces, retail and F&B options and sports facilities.

The launch coincides with the introduction"...

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March 10, 2020

Dubai Electricity and Water Authority (Dewa) has announced the launch of its new research and development centre at the Mohammed bin Rashid Al Maktoum Solar Park.

Dewa's R&D Centre, the only facility in the UAE that focuses on renewable energy, smart grid technologies and energy efficiency, was inaugurated by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

The 4,400-sq-m research facility, which employs around 70 per cent Emiratis, recently received a Platinum Rating for green buildings from Leadership in Energy and Environmental Design (Leed) of the US Green Building Council.

Sheikh Mohammed later visited the various sections"...

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March 9, 2020

Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, today announced the acquisition of a state-of-the-art research and development facility in Philadelphia, United States for USD 61 million. The asset was acquired by the Rasmala North American Real Estate Income Fund.

Located in the heart of the Philadelphia Navy Yard complex, one of the premier business parks in the Northeastern United States, the property is 100% single-let to Axalta Coating Systems, a global leader in performance coatings for the transportation and industrial sector. The 175,000 sq. ft. research and development facility is one"...

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March 7, 2020

Property prices in Dubai are forecast to stabilise in 2022, according to a poll of analysts and real estate experts.

Price declines in the emirate are set to slow to 4 percent this year and 1.3 percent next year, said the poll conducted by Reuters.

This compares to several reports from consulting firms which showed average Dubai property values dropped by more than 10 percent last year.

Analysts said they are optimistic about prospects relating to Expo 2020, which Dubai will host for six"...

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March 7, 2020

SHARJAH, 5th March 2020 (WAM) - Tilal Properties, the leading real estate development and investment company and the premier developer of Tilal City, has granted the Sharjah-based Victoria International School two plots of land at its flagship project Tilal City.

This came under an agreement signed on the side-lines of 7th Real Estate Investment Exhibition, Acres 2020 on Thursday 5th March.

The agreement stems from the Tilal Properties’ plans and strategies to strengthen corporate social responsibility by accelerating educational development in the emirate in"...

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March 5, 2020

The total value of real estate transactions in Abu Dhabi reached Dh58 billion in 2019 as the emirate ramped up efforts to attract investors, the Department of Municipalities and Transport (DMT) said on Wednesday.

The department also said the total number of transactions in 2019 reached 19,000 with the value of real estate deals touching Dh20.6bn through 10,155 transactions, whereas the value of mortgage deals reached Dh37.4bn through 8,663 agreements. It did not provide comparative figures for the previous year.

“The number of real estate deals was a result of"...

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March 5, 2020

SHARJAH, 4th March, 2020 (WAM) -- Under the patronage of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, the 7th Real Estate Investment Exhibition, ACRES 2020, begins tomorrow at the Expo Centre Sharjah.

The event which runs until March 7, has become an exceptional platform to review investment opportunities in this vital sector and see the latest developments regarding modern and advanced real estate projects and engineering consulting and contracting companies, is organized by Sharjah Chamber of Commerce & Industry, and its representative Committee"...

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