Articles
Dubai debt better positioned to weather shocks, new report says
Dubai government-related entities' debt still sits at about 129 per cent of the emirate's GDP, with about 20 per cent of that coming due between now and 2018.
DP World raises cargo handling fees for Hanjin customers at Jebel Ali Port
A circular has been distributed to members of the UAE’s National Freight and Logistics trade body detailing the increased terminal handling chargers for Hanjin customers, which one shipping agent claimed was close to double regular handling fees.
Middle East ‘wave of capital’ targeting London properties
'There is a new wave of capital coming out, in Abu Dhabi, of two groups who have not historically bought in London that are now bidding on assets.'
Omniyat to move into affordable housing
Mark Phoenix, Omniyat's managing director, wants to bring something 'a little bit more ‘designer’ than you can get now' to the affordable housing market.
Bloom Holding looks to finalise deal on affordable housing project near Abu Dhabi airport
Bloom looks to build 13,500 homes near Abu Dhabi's airport, 2,000 of which would be affordable.
Developer Sobha eyeing huge Dubai project, chairman says
Sobha Group is planning another “huge” project in Dubai, which will be bigger than the Dh21 billion, 400,000 hectare Mohammed Bin Rashid City District One project, said the company’s founder and chairman PNC Menon.
Expo 2020 buildings to be ready year early for trial events on site
Enabling works are under way at the site, and a contractor is already in place to deliver the first of three major infrastructure packages required on the site that will be delivered by the first quarter of next year.
Dubai residents call for relaxation of mortgage rules
'There is a major segment of tenants who are being kept away from ownership by the current regulations,' Core Savills said.
Bahrain Bay working with developers to deliver delayed projects
Bahrain Bay is a reclaimed island of 430,000 square metres linked by road bridges to the capital Manama’s diplomatic quarter.
Contractor for Deyaar’s Dh3bn Midtown project likely by year-end
The Dubai-based developer said that phase one will contain two of the project’s six districts. Districts two and three will comprise 13 of the 25 residential towers being planned at Midtown,.
Use Dubai’s advantage as education hub to target Chinese property investors, developers told
Juwai.com has just produced a new UAE Chinese Property report which highlights Land Department figures showing Dh1 billion worth of investment by Chinese buyers in Dubai property in the first six months of 2016.
Damac to open sales offices in China
Damac held presentations in China that pointed out the favourable tax comparison between Dubai and other cities favoured by Chinese investors such as London, Los Angeles, Kuala Lumpur, Melbourne, Sydney and Singapore.
Expo 2020 site to live on as office and exhibition space
The site will become the future home of Dubai’s conferences and exhibitions once the event concludes in 2021.
Need for schools in Dubai and Abu Dhabi a huge opportunity for developers, investors
Dubai is expected to need 53 new schools, 36 of which will be provided by the private sector, while Abu Dhabi needs 44 – half of which will be private schools.
