real estate

December 13, 2018

Engineering Contracting Company (ECC) has achieved significant progress in the construction of Rawda and UNA, two residential communities launched by Nshama in Town Square Dubai.

ECC commenced work on Rawda residences in February 2018 and is currently 43 per cent complete, heading towards an early completion in 2020.

ECC will complete the Rawda project, currently 3.2 per cent ahead of schedule, timely and within budget due to the implementation of Building Information Modelling (BIM) technology. BIM helps to plan, design, build, construct and manage building and infrastructure virtually.

The involvement of ECC Group's associated companies - Abanos and PMI - enabled greater collaboration"...

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December 13, 2018

Mohammed bin Rashid Al Maktoum City - District One, part of the master development Meydan, has launched the tallest tower in its D1 Residences.

The 16-storey tower was launched alongside one-, two- and three-bedroom show apartments.

It is the tallest tower of D1 Residences and comprises one-, two- and three-bedroom waterfront apartments catering to various family sizes. These homes feature ceiling-to-floor windows and offer a panoramic view of the green surroundings and the world's largest man-made 7km Crystal Lagoon.

Mohammad"...

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December 12, 2018

Emaar has begun business development operations in China in a bid to promote Dubai as an investment destination and boost tourism from Asia’s largest economy, the company announced on Tuesday.

In a statement, Emaar said it has begun the design and fit-out of two offices in Beijing and Shanghai, staffed by a team specially recruited from China.

The two showrooms will be used to showcase the UAE as an investment destination, with a focus on property, educational opportunities and healthcare.

The"...

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December 12, 2018

The biggest listed property developer in the holiest city for the Islamic world is failing to lure investors amid a slowdown in the real estate market.

Makkah-based Jabal Omar Development Co’s stock has lost about 40 percent this year, as investors balk at the high level of indebtedness in the industry and concern about the outlook.

The company is also closed to foreign investment and, unlike some others, won’t benefit from inclusion in emerging-markets indexes next year.

Apartment"...

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December 12, 2018

A majority of tenants in Dubai are capitalising on the decline in rents to move to a bigger property. Some of them are also bargaining with their landlords to renegotiate more favourable contractual terms. Previously, when rents were going up, people chose to move to the newly developed suburbs of Dubai to get better value for money.

'With rents declining, 61.4 per cent of Dubai residents who moved upsized their homes, 16.2 per cent downsized and 23.4 per cent moved into a house of the same size. Rents have been decreasing due to increased supply of new units, enabling an increasing number of Dubai residents to move to bigger and better homes. It has also become easier for growing families to find bigger"...

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December 12, 2018

Meydan One, a pioneering, next-generation lifestyle and retail destination, has announced that the project is on track for its launch in early 2020 with 60 per cent of structural work already completed.

The Meydan One project is Dubai’s latest centrepiece development aimed at enhancing the Emirate’s mall landscape through a wholly reimagined approach that combines retail, hospitality, entertainment and leisure experiences.

A sprawling, next-generation destination, Meydan One offers immersive lifestyle experiences,"...

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December 11, 2018

Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and UAE developer Eagle Hills, will unveil premium lifestyle offerings at Maryam Island.

The development will be showcased during the upcoming Sharjah FDI Forum 2018 on December 10-11 at the Al Jawaher Reception & Convention Centre.

Stretched across 460,000 sqm, it features residential apartments and four and five-star hotels that overlook the Arabian Gulf and the northern emirate’s downtown skyline. It also houses retail outlets, waterfront restaurants, a"...

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December 11, 2018

(WAM) -- Dubai Land Department, DLD, and Awards International has announced the launch of the third edition of the Gulf Real Estate Awards, GREA, 2019 following the success of the two previous editions.

The deadline for final submissions is 16th January, finalists names will be announced on 23rd January, and the awards ceremony will be held on 27th March 2019.

The announcement was made during a press conference at DLD’s head office, where all regional real estate companies were invited to participate in this regional competition.

Sultan"...

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December 11, 2018

Informa Exhibitions, Saudi, a newly opened country branch of Informa Exhibitions is looking to grow Saudi Arabia’s non-oil sector with its events in 2019. The expansion into KSA this year comes at a pivotal time as the country prepares for its Saudi Vision 2030 goals, a blueprint for economic diversification to usher the country into a post-oil era.

The Saudi branch will look at bringing world-class events into the Kingdom next year as well as establish their footprint in the exhibitions’ industry with their list of regional and global events. Among the events billed for 2019 is the 8th edition of Cityscape Jeddah, expected to be"...

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December 9, 2018

The Dubai Land Department (DLD) has organised the 10th edition of the Dubai Property Show (DPS) in Mumbai with the participation of a number of developers.

The real-estate exhibition, which is set to run from December 7 to 9, was inaugurated by Mohamed Saleh Ahmed Al Jalah Al Teneji, Consul-General of the UAE in Mumbai, Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency, Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, and Majid Al Marri, CEO of the Registration and Real Estate Services sector at DLD.

This year's edition comes on the heels of exhibits in London and Shanghai.

Majida said: 'The DLD has chosen the most important"...

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