Why residency law changes are a positive for developers

Last May, the UAE Cabinet announced a number of amendments to current residency laws, a move that has created a stir in...

Property

Palmon Group launches private REIT as it looks to raise $90mn

The family behind the Palmon Group, a UAE-based conglomerate, has announced the launch of its private real estate investment trust (REIT), Manrre,...

Consultant

Continued decline in villa and apartment rental rates and sales prices in Dubai – Asteco report

There continues to be a decline in villa and apartment rental rates and sales prices in Dubai, according to a new report...

Machinery

First phase of earthworks completed at Dubai’s Tilal Al Ghaf project

Majid Al Futtaim (MAF) has announced the completion of major earthmoving works for the first phase of its new flagship Dubai community,...

Construction

Dubai real estate brokerage commissions reach $155m in H1 2018

Dubai’s real estate brokerage commissions have increased to reach $155 million during the first half of the year, with a total of...

Consultant

Emaar to sell hotels, clinics and schools as it looks to raise $1.4bn in funds

Emaar Properties, the Dubai-based developer, has said that it is planning to sell hotels, clinics and schools as it looks to raise...

Construction

ARADA awards Modern Building Contracting Company contract for phase one of Aljada

Modern Building Contracting Company (MBCC) has been awarded the contract for construction of phase one of ARADA’s Aljada megaproject. According to a...

Construction

Aldar teases new Viceroy project for Abu Dhabi

Aldar has issued a statement declaring that is planning to work with Viceroy Hotel Group on an as-yet unnamed project. "Abu Dhabi...

Construction

Striking Binghatti Sapphires structure is complete

Binghatti Developers says the structure of its Binghatti Sapphires’ project has been completed and finishing, façade, and installation works is well underway....