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VAT launch seen boosting deals for Abu Dhabi property buyers

VAT launch seen boosting deals for Abu Dhabi property buyers

15/01/2018 – by propertydelight 0

The introduction of VAT this month is expected to add further incentives to potential property buyers in Abu Dhabi in the form of more generous post-handover payment plans, according to a new report. Consultants JLL said that this is because…

Nakheel awards $105m deal to build all-inclusive Dubai resort

04/01/2018 – by propertydelight 0

  Master developer Nakheel and Spain’s RIU Hotels & Resorts have signed a contract worth AED385 million ($104.8 million) for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai. Set for delivery…

Dubai land sales said to soar by $8bn since 2012

03/12/2017 – by propertydelight 0

The value of annual land sales in Dubai has risen by AED30 billion ($8.17 billion) over the last five years, with Business Bay identified as a key area for further growth, according to new research. fäm Properties, one of the…

Dubai Crown Prince orders new 30-year housing plan for Emiratis

Dubai Crown Prince orders new 30-year housing plan for Emiratis

25/10/2017 – by propertydelight 0

Crown Prince Sheikh Hamdan has directed Dubai Municipality chiefs to draft a housing plan that will satisfy the expected property needs of UAE nationals over the next 30 years. In a series of tweets, Sheikh Hamdan said the project will…

Dubai’s Damac says phase 1 Cavalli villas sold out

Dubai’s Damac says phase 1 Cavalli villas sold out

16/10/2017 – by propertydelight 0

Damac Properties has announced that all units in phase one of its Just Cavalli villas at golf development Akoya Oxygen have sold out. To cater to the strong investor interest, Damac said it has released additional units for sale. Priced…

Emaar says to develop new waterfront homes and hotel in Dubai

Emaar says to develop new waterfront homes and hotel in Dubai

21/09/2017 – by propertydelight 0

Emaar Properties has announced that it will develop about 10 million sq ft of waterfront residences and a new hotel project at Dubai Harbour, which was launched earlier this year by ruler Sheikh Mohammed bin Rashid Al Maktoum. Emaar said…

UAE’s Azizi records $350m home sales at Cityscape

17/09/2017 – by propertydelight 0

UAE-based Azizi Developments on Thursday announced that it has recorded sales of AED1.3 billion ($350 million) over the Cityscape Global 2017 event in Dubai. The developer said that on day one of Cityscape alone, the entire phase one and 50…

Luxury Dubai developer to offer Palm homes with just 1% deposit

Luxury Dubai developer to offer Palm homes with just 1% deposit

07/09/2017 – by propertydelight 0

Luxury residential and hospitality property developer Seven Tides will offer homes in Dubai with a reservation fee of just 1 percent at next week’s Cityscape Global show. The promotion will apply to its Anantara The Palm Dubai Residences and DUKES…

UAE developer Arada launches $6.5bn megaproject in Sharjah

UAE developer Arada launches $6.5bn megaproject in Sharjah

06/09/2017 – by propertydelight 0

Arada has launched what is set to become Sharjah’s largest ever real estate development. Occupying an area of 2.2 sq km, the Aljada urban district will boast a gross real estate value of $6.5bn (AED24bn) and a total population of…

Revealed: who is spending most in Dubai’s real estate market

Revealed: who is spending most in Dubai’s real estate market

02/09/2017 – by propertydelight 0

The new list confirms that UAE nationals are most active, outperforming all other nationalities. Sultan Butti bin Mejren, director general of Dubai Land Department, revealed that 217 nationalities have invested a total of AED151 billion in Dubai’s real estate market…

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