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      Michael Fahy

      Michael Fahy

      Location

      Articles

      Hill International to oversee Rixos Saadiyat construction in Abu Dhabi

      Company has 65 per cent share in a joint venture to build a 374-key hotel on the island

      PropertyApril 14, 2016
      The house is on the edge of Wentworth Golf Club. Courtesy Henry Wiltshire International
      The Dh143m English pile with two homes built on a world-famous golf course

      Palatial pile overlooking the famous Wentworth golf club comes with two homes - one of which has planning consent to be demolished.

      BusinessApril 14, 2016
      Apartment properties in the Al Raha Beach area in Abu Dhabi. Tenants will be hit by a new 3% fee. Ravindranath K / The National
      New 3% municipality fee on Abu Dhabi expat rentals could give government Dh612m boost

      'It seems likely that more such measures will be implemented across various aspects of the economy,' said NBAD.

      PropertyApril 14, 2016
      A YouGov survey published on Tuesday found that despite the new property law already being a few months old, some 32 per cent of brokers in Abu Dhabi still had no awareness of its existence. Pictured, Shams Abu Dhabi on Reem Island. Ravindranath K / The National
      Abu Dhabi property consultants to be qualified by end of 2016 as ‘most brokers are not brokers’

      Training courses for brokers – which feature an exam at the end that has to be passed – have begun.

      PropertyApril 13, 2016
      The new levy would bring Abu Dhabi in line with Dubai, which currently imposes a 5 per cent housing tax through bills issued by the Dubai Water and Electricity Authority every month. Ravindranath K / The National
      Abu Dhabi introduces 3% municipal fee on expat home rentals

      The charge will not be levied directly on rental contracts, but will be collected monthly by the Abu Dhabi Water and Electricity Authority via utility bills.

      PropertyApril 12, 2016
      Above, a scale model of the Address Hotel-branded resort and serviced apartments which will be built at Sharm in Fujairah. Christopher Pike / The National
      Eagle Hills in first UAE project with Address Hotel-branded resort in Fujairah

      The project is being built on a 1.2-million-square foot plot of land and will contain an Address Hotel with 196 rooms, including a presidential suite and family suites.

      PropertyApril 12, 2016
      Above, a model of the Park View project by developer Bloom Properties, subsidiary of Bloom Holding, at Citycape Abu Dhabi. Christopher Pike / The National
      Bloom Holding to launch affordable housing project near Abu Dhabi airport

      Sameh Muhtadi, the chief executive of Bloom Holding, said: 'Affordable housing is our next natural progression. That’s where the demand is.'

      PropertyApril 12, 2016
      People gather around the Manazel display during Cityscape in Abu Dhabi. The listings website Dubizzle said there had been a steep rise in demand for emerging, inland communities in Abu Dhabi and Dubai. Christopher Pike / The National
      Demand drops for Abu Dhabi high-end rentals as budgets fall

      CBRE said in its latest Abu Dhabi Marketview that affordable residences witnessed modest rental growth of about 2 per cent in the first quarter of 2016, offsetting a softening of rents in more expensive areas.

      PropertyApril 11, 2016
      Listings deal helps open up Chinese market for UAE properties

      JRD Group, which is behind the Justproperty.com portal, said that brokers who use its Propspace CRM system can now easily list its properties on Juwa, which targets customers looking to buy overseas property.

      PropertyApril 11, 2016
      Bloom Properties to unveil Faya project at Cityscape Abu Dhabi

      The company said it is targeting UAE nationals looking to bulk buy at least three units, and that it would offer a payment plan with the schemes.

      PropertyApril 11, 2016
      Dubai Creek tower can become landmark for city, Emaar chairman says

      Emaar chairman says new scheme with flagship tower was needed as Downtown Dubai is already close to capacity.

      PropertyApril 10, 2016
      Emaar to build tower higher than Burj Khalifa and new ‘mega-retail district’ for Expo 2020
      Camera16
      Emaar to build tower higher than Burj Khalifa and new ‘mega-retail district’ for Expo 2020
      PropertyApril 10, 2016
      Most areas in major cities such as Jeddah and Riyadh are unaffordable for the middle-income segment looking to buy property. Faisal Al Nasser / Reuters
      UAE developers eagerly anticipate formation of Saudi housing company

      Saudi Arabia would create a development company that will give businesses plots of land, and provide a mortgage guarantee fund that would serve as a useful method for bringing financing to schemes.

      PropertyApril 09, 2016
      The four-bedroom apartment contains a double-height reception room as both its focal point and the main entertaining space, with a bespoke chandelier and dining space in one corner and a main seating. Courtesy CPC Group
      Dh72m Kensington penthouse at the doorstep of great London attractions

      This apartment should be seen as more than just an investment, with the redevelopment creating a space that serves as a home away from home.

      BusinessApril 07, 2016
      Above, an illustration of an Arabella town house. Courtesy Dubai Properties
      Dubai Properties to launch phase two of Arabella townhouses in Dubailand

      Dubai Properties launched the first phase of Arabella in May 2015 and reported that all of the homes on offer sold out on its launch day. Phase one contains 500 units and is currently being built by Trojan General Contracting.

      PropertyApril 07, 2016
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