• Ellington Properties introduces 3-year rental guarantee of 8% annually for all new owners

    Dubai, UAE: Ellington Properties,Dubai’s leading design-led property developer, announced a rental guarantee scheme of 8 per cent per annum for three years for all new owners during the Holy Month of Ramadan. Introduced to demonstrate confidence that the market fundamentals are strong and will bounce back after the current Covid-19 situation, the rent guarantee scheme is calculated […]

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  • Real estate transactions in Abu Dhabi jumps 22% to Dh19 billion in Q1 2020

    Dubai, UAE: Real estate transactions increased 22 percent in Abu Dhabi reaching Dh19.2 billion during first quarter of 2020 compared to Dh15.8 billion in the same period of 2019, according to the Department of Municipalities and Transport (DMT), that regulates the property sector in Abu Dhabi emirate. Transactions for first quarter 2020 included approximately 7,600 land and real estate deals, up […]

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  • Heart of Europe expands operations of Coral Institute – the Middle East’s first such initiative to promote marine life

    Dubai, UAE: Developer Kleindienst Group enhances sustainability and marine life programme with the Coral Institute 2020 plan that includes carpet sharks, the seahorse’s nursery and a rehabilitation initiative Kleindienst Group, developer of the master-planned Heart of Europe destination island, today announces the Coral Institute’s 2020 plan and the achievement of its key milestones. It is […]

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  • Kleindienst shifts operations to The Heart of Europe as the islands remain free from Coronavirus threat

    Dubai, UAE: More than 1,200 professionals, management team members and workers putting all-out efforts to complete Phase I of the US$5 billion Heart of Europe project, as the island remains free from Coronavirus Kleindienst Group, developer of The Heart of Europe – the US$5 billion (Dh18.3 billion) master-planned leisure tourism island destination – has shifted […]

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  • Dubai Land Department completes 1,508 transactions worth Dh3.4 billion in 5 weeks

    Dubai, UAE: Dubai Land Department said, it has completed 1,508 transactions worth Dh3.4 billion in 5 weeks through escrow accounts. “During the past five weeks, business in the escrow account continued electronically and 126 real estate developers benefited from RERA’s services, helping these companies continue construction on off-plan sales projects, with 1,508 disbursement procedures that having […]

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