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Abu Dhabi to have affordable housing for low income ea...

Policy expected to finalised by year-end; segment targeted falls between blue collar workers and middle income category A major overhaul in housing development is being finalised in Abu Dhabi, with the emirate planning to introduce a new policy that will make building affordable houses mandatory in all new master developments, Emirates 24/7 can reveal. “The affordable housing policy is in the finalisation stage and …

Top 5 residential areas for Dubai renters

Apartment rents drop 3 per cent in Q1 2016 Residential apartment rents are three per cent down in the first quarter 2016 compared to first quarter of 2015, according to real estate portal Bayut. But a comparison done on a quarter-on-quarter basis by the portal reveals a different picture, showing average rentals had increased three per cent with apartment rental yields remaining at 6 …

Only in Dubai: The ‘ultimate guarantee’ fr...

Dh29bn in hand reflects confidence in the market, says Ghalita Some developers in Dubai are giving 100 per cent construction guarantee, which is the “ultimate guarantee” that any developer can give, Real Estate Regulatory Agency Chief Executive Officer told Emirates 24|7. “There are developers who have given 100 per cent construction guarantee and this is the ultimate guarantee,” said Marwan bin Ghalita without giving …

Dubai Holding, Emaar to revive world’s longest l...

Bawadi, announced as the largest hospitality and leisure development in the world in 2007, is being revived in Dubai, Dubai Holding Chief Executive Officer told Emirates 24|7. “The Bawadi project, a joint venture between Dubai Holding and Emaar, is currently in its early stages and progress will be communicated in due course,” Fadel Al Ali said. No other details were shared. Launched in October …

Emaar Properties declares 15% cash dividend of Dh1.074...

The 19th Annual General Meeting (AGM) of Emaar Properties PJSC today declared a cash dividend of 15 per cent of the share capital, equivalent to Dh1.074 billion ($292 million), for distribution to the company’s shareholders. The AGM also approved the report of the Board of Directors on the activities and financial position of Emaar, the Auditor’s report, and balance sheet for 2016. Ernst and …

Aldar launches mid-market residential units ‘The...

Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has announced the launch of ‘The Bridges’, a 1,272 unit, Dh1.3 billion, mid-market residential development. Capitalising on the demand for this type of product, Aldar will release one of the towers for sale at Cityscape Abu Dhabi. Property prices will start from Dh450,000, with eight different unit types including studios, 1, 2, …

Abu Dhabi property prices expected to decline further ...

Dubizzle Property, the UAE’s biggest and most visited property platform, in collaboration with JLL, the world’s leading real estate investment and advisory firm, reveals joint Abu Dhabi Property Market Overview report, analyzing the capital’s residential and commercial real estate market. Findings show a further decline in residential sale and rental prices in Q1 2017 compared to Q1 2016, as well as a decline in …

Ministry of Infrastructure Development to implement th...

The Ministry of Infrastructure Development is carrying out three vital projects in the Emirates of Sharjah and Umm al-Qaiwain, including two projects for the Ministry of Interior and one project for the Ministry of Justice, at a total cost of AED171 million. The ministry highlighted that the engineering designs for the three projects were prepared according to the standards for green buildings and sustainability. …

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