Union Properties starts work on third phase of Green Community in Dubai

Construction project will take the total number of residential units on the development to 1,765 . Union Properties has begun construction of...

Abu Dhabi to get 2,300 more hotel rooms this year, says JLL

The UAE capital saw a 20% increase in hotel guests in the first quarter of 2015, according to official figures. The Abu...

Abu Dhabi rent rises at two-year low, says CBRE

Luxury developments still in demand, despite overall rent increase of just 1.75% in second quarter, report shows. Abu Dhabi rents rose by...

Midday break: ‘No Dubai companies flouting law’

Nearly 10,000 surprise inspections were conducted on establishments in Deira and Bur Dubai between June 16 and July 23. No Dubai-based establishments...

Dubai-based S&K Estate Agents files for bankruptcy

Firm says saturated property market forced it to begin liquidation proceedings. The Dubai-based S&K Estate Agents says it will file for bankruptcy...

Dubai’s Nakheel says six-month net profit up 53%

Developer reports $770m profit during first half of 2015 amid ongoing handover of properties. The Dubai developer Nakheel says it made a...

Value of Dubai property deals up by 15% in first half of 2015

Real-estate transactions worth $35.1bn mark growth on first six months of last year, Dubai Land Department figures show. The total value of...

UAE’s LuLu to convert London’s Scotland Yard into luxury hotel

Old police headquarters was once the centre of investigations into famous crimes including the ‘Jack the Ripper’ case. The Abu Dhabi-based LuLu...

India’s Tata Housing opens Dubai office

Non-resident Indians currently contribute 15-20% of the real estate developer’s total sales. Indian real estate developer Tata Housing has opened an office...