Monday 1 September 2014

Dubai residential property prices up 34pc

Residential property prices in Dubai, UAE, posted solid growth in July with a 34.5 per cent year-on-year increase over the same period last year, said a report. The Dubai Residential Property Sales Price Index for all residentials increased by 1.5 points, from 295 to 296.5, which repre


Quality interiors to drive UAE high-end projects

Quality-driven interiors will be a determining factor for the success of upcoming high-end real estate projects, said experts ahead of Downtown Design, a key industry event which will be held in Dubai, UAE next month. Downtown Design is the Middle East platform for original desig


Nakheel opens first community retail centre in Dubai

Nakheel, a leading Dubai-based developer, has officially opened Jumeirah Park Pavilion, the first of five community retail malls under way at Nakheel developments across Dubai, UAE. The Jumeirah Park Pavilion, the first new project to be completed by the developer post-restructur


Dewa starts work on $46m water pipeline network

Dubai Electricity and Water Authority (Dewa) has commenced work on a 25-km water pipeline network across the city in the UAE. The Dh170 million ($46.2 million) project will connect 17 locations with the main transmission lines to increase flow, ensure reliable supply, and raise the net


Iraq eyes foreign investments for new airport

Iraq plans to invite foreign investors to build a new civilian airport in the Al Diwaniyah governorate, a top official was quoted as saying in a report. The project will come up in southwest Al Diwaniyah, Governor Ammar Al Madani said, according to a Zawya Projects News report.


Dubai's Meraas ‘seeks up to $4 billion loan’

Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday. The emirate in the UAE has bounced back rapidly from a debt crisis


Dubai's real estate sector 'enters new era'

It's the beginning of a new era for Dubai's real estate sector as project developers start adopting a sustainable, long-term approach rather than the old one of build it, sell it and move on, said the head of one of Dubai’s fastest-growing business groups. The resid


Aldar completes sale of Abu Dhabi tower

Abu Dhabi-based Aldar Properties said it has completed the sale of a residential tower in Marina Square to MAG F5 Holdings, a joint venture between MAG Group and Fortune |5 Investments. The tower, located in Marina Square on Reem Island in Abu Dhabi, comprises 202 completed units


Construction launched on The Edge at DIC

Sweid & Sweid Development, a Dubai-based boutique real estate firm, has commenced work on a new commercial building in the heart of Dubai Internet City (DIC) in Dubai, UAE. Called The Edge, the building will cater to multinational and regional companies seeking modern and efficient


Green developments to ride high at Cityscape

A number of sustainable developments will be on show at the upcoming Cityscape Global, a leading property show in Dubai, as the majority of UAE residents consider going green as something very important to their lifestyle. A recent poll conducted by showed that 72.5 percent of

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