Damac Properties reports H1 2019 revenues of $517.5mn

Developer delivered 1,476 units in the first half of the year. Damac Properties, the Dubai-based real estate developer, has reported a total...

IBC Group targets purchase of 10,000 holiday homes in Dubai

UAE-based private equity investment firm IBC Group has targeted taking a lead in the short-term accommodation market in Dubai ahead of next...

Sharjah’s Arada partners with Dubai Islamic Bank for home loans

4,000 units at Aljada and Nasma Residences sold as Arada chairman says 2019 has seen ‘two best sales months’. Sharjah-based real estate...

Dubai Land Department signs strategic deal with Online Auction

Online Auction said to manage auctions in line with DLD’s procedures and competences for individuals and institutions. The Dubai Land Department (DLD)...

Dubai’s The Sustainable City targets 90% drop in single-use plastics by 2020

Diamond Developers unveils ambitious cuts to SUPs throughout the community. The Sustainable City, the Dubai-based sustainable community, has announced its plans to...

UAE real estate market performance heavily dependent on impact of government initiatives – JLL’s Salbak

Launch of various government initiatives expected to boost sentiment and drive demand. Despite several sectors across the UAE’s real estate market continuing...

Dubai Land Department inks OA deal with Al Masraf

Al Masraf approved and registered as an account trustee by RERA, on behalf of the DLD. The Dubai Land Department (DLD) has...

Abu Dhabi Housing Authority to develop $517mn project for nationals

Authority’s efforts have resulted in increased availability of housing in the emirate. An integrated housing complex for 899 new residences destined for...

RERA license now mandatory for Bahrain real estate valuers

The deadline for submitting applications for valuer licenses is 2 November, 2019 . Bahrain’s Real Estate Regulatory Authority (RERA) has announced that...