Abu Dhabi cracks down on illegal accommodation

Municipality has served 40 fines to date in the crowded Baniyas neighbourhood. In an effort to control and eradicate illegal forms of...

UAE to exempt residential property from VAT

Ministry of Finance adds that supplies of commercial properties will still be taxable. The UAE government has decided to exempt residential property,...

Dubai land prices ‘rise by 13% in 2017’

Rise in first six months of year was not matched by similar increase in house prices. Land prices in Dubai freehold zones...

Damac chairman discusses Croatian investment opportunities

Hussain Sajwani meets with Croatian president during visit to Zagreb. Hussain Sajwani, the chairman of Dubai’s Damac International, has discussed tourism investment...

Property transactions in Dubai ‘decline by 23%’

Chestertons says seasonal decline in second quarter offset positive trend of Q1. The total number of residential transactions in Dubai during the...

Dubai’s Damac Properties appoints vice chairman

Farooq Arjomand is also a member of the board of Bahrain’s Al Ahlia Insurance Company. Following a board meeting that was held...

CBRE: Bahrain facing shortfall of 75,000 residential units

Rising cost of power and water for expatriates has started to impact rental decisions, consultancy says. Bahrain’s residential sector is experiencing a...

GFH exits $55m Promoseven real estate portfolio

Financial group exits portfolio as part of its strategy to exit non-core assets. GFH Financial Holding Group, a prominent financial group in...

Developer Azizi unveils two new Dubai projects

Azizi Berton and Azizi Pearl properties are planned for the Al Furjan neighbourhood. Azizi Developments has announced its 18th and 19th properties...

Emaar Hospitality Group to focus on MICE sector with new Rove Trade Centre hotel

New property offers 270 rooms, 30% of which are interconnecting. Rove Hotels will focus on Dubai’s meetings, incentives, conferences and exhibitions (MICE)...