Property
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Sale and leaseback transactions rising in Gulf, JLL finds
Transactions gaining popularity as they enable companies to free up cash locked in property assets, consultancy says. The number of real-estate sale...
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Shares in Dubai’s Amlak soar on Emaar partnership talks
The Dubai-listed mortgage provider says it is in talks with Emaar to develop land in ‘distinctive locations’, according to media report. Shares...
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Dubai property prices to drop by up to 20%, S&P forecasts
Real-estate correction to continue, Standard & Poor’s says, with emirate’s property market already ranking as one of world’s worst-performing. Dubai property prices...
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New Abu Dhabi rent index ‘likely to cool growth in prices’
Provisional rental index could lead to lower price increases in the future, according to JLL analyst. The Abu Dhabi government’s expected introduction...
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Dubai Metro sees property values ‘rise by up to 41%’
Properties located within 1.5km of Red and Green Line stations have risen in value by 13-41%, Roads and Transport Authority says. The...
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Abu Dhabi Urban Planning Council approves Al Reem Island master plan
Plan will enable three big developers, including Aldar Properties, to complete their own schemes on the island. Abu Dhabi’s Urban Planning Council...
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Abu Dhabi ‘set to launch provisional rent index’
Various government departments said to be compiling the index with a likely launch later this year, it was reported. The Abu Dhabi...
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Damac Properties to open women-only sales office in Dubai
Developer says move is response to increasing number of female buyers. Property developer Damac plans to open a women-only sales office in...
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Dubai Sports City’s Venetian building set for handover
First residents at Canal Residence West development set to move in this week, according to statement. Dubai Sports City plans a handover...
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Dubai property market near bottom of world ranking as prices fall 6.1%
Emirate placed 53rd among 56 countries ranked by Knight Frank’s Global House Price Index. Dubai property prices were down by 6.1% in the...
