Articles
Reits open Saudi property market to smaller investors
Damac launches three-bed Akoya Fresh villas for Dh1.2 million
Villas aimed at young professional buyers will go on sale in Dubai and Abu Dhabi on Monday.
GSA targets Spain for expansion in student property
Founder and chairman Nicholas Porter says that 'Spain is a good example' of a market where he sees potential for opening new purpose-built student accommodation.
Off hours: Family ties offer relaxation and inspiration to Dubai developer
To stay centred and feel at peace with the world, Mahmood Shaikhani, the managing director of Dubai's Shaikhani Group, ensures he speaks to his mother on the phone every day.
Dubai’s Dh12.5bn tunnel project likely to start next year
Storm water drainage tunnels could be used in dry periods to transport cargo under the city.
Cityland plans Dh1.1bn mall near Global Village around ‘nucleus’ of botanical garden
Circular, single-level mall with a 200,000 square metre 'Central Park' is to be built within 18 months.
New bankruptcy law will draw investment, says DIFC Courts chief
The law gives investors greater clarity over the potential downside risks of investment, said the chief of DIFC Courts.
Dubai’s developers squeeze prices and apartment sizes to stoke investor demand
The cost of land for newer Dubai properties is going down as builders look farther away from the city's centre, but smaller unit sizes also play a part in the cheaper prices.
UAE developers need to keep track of changing lifestyles to prevent towers becoming obsolete
Alongside the need to appeal to investors’ appetite for maximum possible returns, there are a few differences in the local market which broaden studios’ appeal here when compared to other parts of the world.
UAE residents saving more and borrowing less, says top banker
Lower lending levels were attributed to a slowdown in demand from consumers and tighter scrutiny following introduction of a credit bureau in the UAE.
A Dh47m home in the New York district that went from hippie hangout to millionaire’s playground
The owner of this Dh46.7m town house in New york will have Marissa Tomei and Sean Lennon as neighbours.
‘Bank in your car’ could be just two years away, says Emirates NBD
The in-car banking technology is one of a number of new technologies being shown within the Emirates NBD Future Lab at Emirates Towers in Dubai.
Saudi Binladin’s cash flow crisis starts to ease
The company said that about 80,000 workers had been released as part of its restructuring, but said that all of them have been paid all of the salaries and other service benefits they were owed.
Call to loosen UAE mortgage cap, boosting first-time buyers’ prospects
'I would propose that a first-time buyer be allowed to get greater finance than the 75 per cent as an expat – or indeed as a local, 80 per cent.'
