• Vincitore Realty launches largest outdoor retail experience to create a new Downtown at Dubailand

    Vincitore Realty is redefining the boutique retail experience in Dubailand with its latest offering – The Promenade at the Vincitore Boulevard near Miracle Gardens at Arjan in Dubailand – that is going to offer a completely new outdoor retail experience and attract visitors to the neighbourhood News Highlights: Vincitore Realty launches The Promenade, one of […]

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  • Real estate prices at The Heart of Europe leap as handover of properties begins this month

    Dubai, UAE, December 21, 2020 – The developers creating The Heart of Europe – the US$5 billion (Dh18.3 billion) prime hospitality and second home mega-project off the coast of Dubai – have revealed a strategic rise in the price of their fast-emerging properties to match other world-class real estate. Investors set to realise a fourfold increase […]

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  • Property sector’s contribution to Dubai’s GDP reaches 7.2% or Dh407 billion

    Dubai, UAE Real estate sector’s contribution to Dubai’s Dh407 billion Gross Domestic Products (GDP) reached Dh29.4 billion or 7.2 percent of the GDP in 2019, with a growth rate of 3.3 percent compared to 2018, according to a latest report by Dubai Land Department, the emirate’s land and property registry. Dubai’s GDP recorded 2.2 percent […]

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  • Ithra Dubai invests US$1 billion to develop One Za’abeel project

    Dubai, UAE: Ithra Dubai is investing in access of US$1 billion (Dh3.67 billion) to deliver One Zabeel project close to Dubai World Trade Centre, a top official told Gulf Property during a media tour of the project that spreads across two towers separated by an elevated highway but connected by a skybridge called The Link that is hanging […]

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  • Nakheel sells out 500 villas worth Dh1.2 billion in six months

    Dubai, UAE Master developer Nakheel said, it has sold out 500 ready-to-move-in villas worth more than Dh1.2 billion since March this year, as “buyers take their first step on the property ladder or upgrade to larger homes”. With over 500 homes purchased between March and September 2020, Nakheel has sold out of its luxury family […]

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  • Ithra Dubai partially opens the Dh5 billion Deira Enrichment Project

    Gulf Property Exclusive Dubai Ithra Dubai, a Dubai Government-owned master developer of the Dh5 billion Phase 1 of the Deira Enrichment Project, opened the first four buildings, part of District 3 of Phase 1 of the massive mixed-use master-planned community, for tenants to move in to the first such major development on the Deira side […]

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  • Sobha Realty to launch US$15 billion mega township project

    Sobha Realty, a UAE-based developer, will soon launch a mixed-use master-planned community that could be four times larger than its US$4 billion (Dh14.68 billion) Sobha Hartland, a top official told Gulf Property. “We are preparing to make the announcement in the next few weeks and the new project will be at least three to four times […]

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  • Emaar Malls profit plunges 69% to US$94 million in first half of 2020

    Dubai, UAE Coronavirus pandemic and subsequent lockdown caused a 69.48 percent fall in the net profits of Emaar Malls to Dh345 million (US$94 million), in the first half of 2020, compared to Dh1.13 billion (Dh308 million) recorded in the corresponding period last year. Shopping malls in Dubai were closed down for nearly two months from March […]

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