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Dubai records US$1.1 billion worth of property transactions in a week
Dubai, UAE: The total value of 1,562 real estate transactions reached US1.1 billion (Dh4.1 billion) in Dubai in a week starting May 16-May 20, 2021, according to Dubai Land Department, land and property registry of the Government of Dubai. As many as 120 plots were sold for Dh874.43 million, 1,038 apartments and villas were sold […]
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Modon Properties awards $525m contracts for Riyadh City South
Abu Dhabi, UAE Modon Properties, a UAE-based developer, owned by Abu Dhabi-based ADQ, has awarded the infrastructure contracts for phases three and four of Riyadh City South worth Dh1.93 billion ($525 million), in partnership with the Abu Dhabi Housing Authority. The new city is 30 kilometres away from the island of Abu Dhabi. This latest contract completes the awarding of […]
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Danube Properties launches Dh400 million Olivz, the first project announcement in Dubai in 2020
Staff Report Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has launched Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding Dh400 million. The project will be developed in Al […]
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71,000 new homes to drive UAE property prices further down
Dubai, UAE, Property prices in the UAE continue to soften despite showing signs of improvement in 2019, according to a latest report by Knight Frank. As many as 71,000 new homes are set to be delivered in 2020, which will put further pressure on prices and rents, the report says. “Residential sales prices in Abu […]
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UAE-based IBC Group to acquire 10,000 holiday homes worth US$5 billion in Dubai
Berkshire Hathaway HomeServices Gulf Properties mandated to execute transactions exclusively UAE-based IBC Group said, it intends to acquire 10,000 premier properties in Dubai, worth US$5 billion (Dh18.3 billion), to furnish and manage as holiday homes. It has contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS Real Estate Broker LLC Gulf Properties) on an exclusive basis to […]
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AAA Associates becomes the first Gulf-based immigration advisory to open an office in the Caribbean
Dubai-based AAA Associates immigration advisory has expanded its operation in the Caribbean region by opening an office in Dominica that will help the company serve its growing immigration clientele better and offer greater services till they obtain a their second passport. AAA Associates is the first Middle Eastern based immigration consultancy to open an office […]
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