Minister for Information and Broadcasting Shibli Faraz has said that four hundred billion rupees (Rs400 billion) construction related projects will be initiated in the last quarter of the current year.
Emaar Properties has revealed first half (H1) revenues of Dhs9 billion and over Dhs2 billion in net profit, according to a statement by the real estate Dubai-based giant on Thursday.
Dubai is an exceptional city where the infrastructure and high-quality logistics services are the best of its kind in the region, as well as the most advanced infrastructure communication networks, which give Dubai a competitive edge.
Hong Kong’s banking regulator said it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by US-China trade tensions, violent street protests last year and the coronavirus crisis.
Despite the challenges posed by the COVID pandemic during the year 2020, W Capital Real Estate Brokerage, has recorded real estate sales of Dhs90 million in Dubai from January 2020 till date (8 months).
Dubai’s property market has defied the COVID-19 challenges as the sector showed strength and sustainability during the crisis. The real estate market in the emirate is expected to improve quickly due to various initiatives and packages
Azizi Developments, a leading private developer in the UAE, announces its plans to invest over Dhs3.5 billion in the next 2-3 years to develop 14 and 22 buildings in Riviera Phase 3 and 4 respectively,
The Dubai Real Estate Institute (DREI), in Dubai Land Department, DLD, is organising the first virtual real estate conference titled ‘Real Estate post-COVID-19 - Challenges and Solutions,’ in cooperation with a number of entities in Saudi Arabia.
The National Central Cooling Company, Tabreed, has acquired an 80 per cent stake in Emaar Properties’ Downton Dubai district cooling business. The UAE-based district cooling developer announced the Dhs2.48 billion ($675 million) acquisition on Monday,