Aldar completes $179m purchase of Abu Dhabi tower

Deal increases developer’s office portfolio by 19% to over 240,000 sqm net leasable area. The Abu Dhabi-listed Aldar Properties has completed the...

Abu Dhabi begins e-allocation of residential plots

Move follows royal decree made in conjunction with the UAE National Day Celebrations. The e-allocation of 2,310 residential plots and homes to...

IMKAN launches mixed-use ‘Pixel’ project in ‘Makers District’

Project will feature seven towers and is said to mirror the identity of the Makers District. Real estate developer IMKAN has unveiled...

Aldar: Sales at Abu Dhabi waterfront project hit $218m

Developer says second phase of Water’s Edge project has sold out. The Abu Dhabi developer Aldar says it has sold out the...

Dubai rental index updated for 2018

Land rent index added to data covering residential, commercial and industrial properties. Dubai Land Department (DLD) has announced that the rental index...

Dubai’s Damac launches The Park Villas

Luxury homes are located in the developer’s golf community, DAMAC Hills. Damac has just announced a new line of luxury homes. The...

Dubai real estate commissions hit $353m in 9 months

Dubai Land Department reveals figures for emirate’s 6,200 brokers so far this year. The total value of brokerage commissions made in Dubai’s...

Abu Dhabi property sale, rent prices ‘fell in Q3’

Apartment and villa sales prices decline 10% and 5% respectively year-on-year, says Asteco report. Abu Dhabi property sale prices and rents continued...

Dubai sees $55bn of real estate transactions in 9 months

Dubai Land Department reports 52,170 transactions in first nine months of 2017. Dubai Land Department (DLD) has announced that the total value...

Value of Dubai off-plan sales ‘up 118% in Q3’

Chestertons: Transaction values hit $1.1bn, with Dubai South, Downtown Dubai and Business Bay most popular areas. The value of off-plan property transactions...