News & features - Real Estate
26 July, 2011 Real Estate
Cityscape Global 2011
As many Middle East countries, including the UAE, promote their position as a stable market place for international investment, the real estate industry is one that is anticipated to benefit most from the growing attention from both East and West.
Hosting a number of international exhibitors, as well as those based locally and regionally, the region’s premier event for the international...
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6 July, 2011 Real Estate
Signs of recovery for Dubai property market
After undergoing a slump, real estate market in Dubai shows signs of improvement. Dubai hospitality and retail sectors have performed well, according to a report by the world's leading property investment and advisory firm Jones Lang LaSalle. The latest report of Jones Lang LaSalle Dubai Real Estate Market Overview-Q2 2011' has covered residential, office, retail and hospitality sector. The r...
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3 July, 2011 Real Estate
Three-year visas for UAE real estate investors
The UAE federal government has approved the extension of visas for UAE property investors from six months to three years.
The news agency, WAM, reports that the decision was taken by the Federal Cabinet at a meeting in Abu Dhabi. “The government took a raft of measures as part of its efforts to underpin economic growth within its strategic plan 2011-2013, including extensio...
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28 June, 2011 Real Estate
Report: Dubai house price recovery
The latest global house price survey by leading global property consultancy, Knight Frank, has revealed that house prices in Dubai have increased by more than 2 percent over the past six months.
The report shows Dubai house prices growing by 0.6 percent in the first quarter of 2011 and 2.1 percent in the six months ended 31st March 2011.
“The Middle East provid...
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27 June, 2011 Real Estate
Rent an office, get a free private jet
The Burj Khalifa is a prestigious address for any company. And if you’re located in the rarefied air of the world’s tallest building you have a certain image to uphold, right? Perhaps that’s why a set of corporate suites on the 144th – 147th floors of the tower are being marketed with a rather impressive list of extras including a private jet, free y...
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21 June, 2011 Real Estate
Nakheel Pays USD 1.36 billion To Creditors
Dubai-based developer Nakheel has paid almost USD 1.36 billion (AED 5 billion) to its trade creditors in a debt-restructuring deal. Nakheel plans to restructure debts worth USD 10.5 billon by the end of the month. "[The payment] marks significant progress in our recapitalization plan, following on from the initial payments to trade creditors of AED 500,000 or less, which commenced in March 2...
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