Construction & Real Estate

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The issue of affordability is at the forefront of Dubai's property market (File/AFP)
April 24, 2014 - 15:39 GMT
As the media speculates about Dubai's real estate industry, affordable housing vs profits is the debate in the limelight.

April 16, 2014

The AGM will discuss the proposal of the Board of Directors regarding distribution of dividends to the shareholders amounting to 15 per cent of the share capital being AED 15 fils per share as cash dividend
10:57 GMT
(press release)

Emaar Properties PJSC will hold its 16th Annual General Meeting (AGM) on Wednesday, April 23, 2014, at 7pm.

On average the emirate recorded 7 percent quarter-on-quarter growth for apartment rentals, and a strong year-on-year figure of 38 percent
03:55 GMT

“Budget-conscious Dubai residents are now relocating to Sharjah in a flight to affordability,” said John Stevens, managing director, Asteco.

April 14, 2014

Emaar Mira Oasis townhouses
08:05 GMT
(press release)

Emaar Properties has unveiled a new collection of Mira Oasis townhomes in Reem, an integrated lifestyle development offering an unmatched choice of exotic outdoor leisure activities.

April 13, 2014

Group CEO of DPG, Khalid Al Malik
05:55 GMT
(press release)

Dubai Properties Group (DPG), has established Dubai Properties (DP) to focus solely on delivering an integrated, end-to-end project development solution for the Group.

April 11, 2014

Ezdan said the Qatar’s fiscal budget for the year 2014 – 2015 gave a “strong impetus” to the real estate sector in particular
03:26 GMT

The report indicates a “recovery” in the Qatar’s real estate market in view of the current construction boom in the country.

April 10, 2014

The first three months saw a 10 per cent spike in residential rental rates in prime locations, while off-island homes shot up by 14 per cent.
03:55 GMT

Abu Dhabi’s decision to remove the 5 per cent rental cap was the factor fuelling the increases, much to tenants’ dismay

April 9, 2014

John Stevens, Managing Director, Asteco
09:34 GMT
(press release)

Dubai’s residential sales market has slowed down to more moderate growth levels in the first quarter of 2014 following a spike in prices, after the Expo 2020 announcement at the end of 2013.

Group CEO, Khalid Al Malik
07:17 GMT
(press release)

Dubai Properties Group today announced its future vision and strategy which will see the group transition into a holding company with the ownership of three companies.

April 8, 2014

Apartment rentals recorded a 26 per cent annual gain, while those for villas were slightly muted at 12 per cent
07:55 GMT

The upward pressure on Dubai’s residential rents continues to mount even as new homes are getting delivered in higher numbers, in the first three months of this year, rentals were up by 7 per cent over the fourth quarter of 2013.

April 6, 2014

Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing
10:36 GMT
(press release)

A detailed market intelligence report covering the first quarter of 2014 issued by TASWEEK Real Estate Development and Marketing shows average selling and lease price increases of between 10 to 15 per cent for real estate units in the UAE.

More than 8,092 investors from India notched AED 17,939 billion transactions in Dubai real estate during 2013
08:55 GMT

International Property Show (IPS) will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India.

April 3, 2014

Rental rates for prime two-bedroom apartment on Abu Dhabi Island now average Dh200,000 per year
10:55 GMT

Average apartment prices in Abu Dhabi gained 9 per cent during the first quarter of 2014, slowing 2 per cent from the previous quarter’s rise of 11 per cent.

April 2, 2014

Abu Dhabi
09:59 GMT
(press release)

The changing patterns of supply and demand led to a mixed performance for specific pockets of the Abu Dhabi real estate market in Q1 2014, according to the Asteco Q1 2014 real estate report.

The rents continue to increase for all the areas in Dubai
07:45 GMT

With the removal of the rent cap, housing costs will contribute to inflation, this year. In the UAE, headline inflation rate for 2013 was at 1.1 per cent.

March 30, 2014

Samara in Arabian Ranches
11:29 GMT
(press release)

Emaar Properties, the global property developer, has launched ‘Samara’ villas, the newest addition to the established community’s ongoing extension.