Dubai real estate deals worth $106bn in 18-month period

Dubai Land Department says 95,000 deals covered between January 2016 and July 2017. Dubai Land Department (DLD) has announced that the total...

Aldar reports drop in Q2 profits

Abu Dhabi developer reports AED 1.8 billion development sales value in first six months. Aldar has reported a drop in profits for...

Azizi, Dubai Land Department to promote property to Asia investors

Real estate developer has over 100 projects in Dubai. Dubai-based real estate developer Azizi Developments and the Dubai Land Department (DLD) have...

Meraas begins sales of Nikki Beach Residences

Project is the first freehold development in Jumeirah 1. Meraas has issued a statement announcing that it has begun sales of Nikki...

Cityscape, Restatex join forces to launch KSA’s largest real estate exhibition

Robust real estate market in Riyadh has ushered in an agreement between two exhibition organisers. Informa Exhibitions, organiser of the Cityscape real...

Dubai’s Damac announces new golf course towers

Golf Vita residential blocks to be located in Damac Hills. Dubai-listed real estate developer Damac Properties has launched the Golf Vita residential...

Dubai’s Nakheel sees 22% drop in Q2 profit

Developer confident of hitting forecasts for 2017. Nakheel, the Dubai-based developer, has announced a net profit of $718.7 million for the first...

Abu Dhabi cracks down on illegal accommodation

Municipality has served 40 fines to date in the crowded Baniyas neighbourhood. In an effort to control and eradicate illegal forms of...

UAE to exempt residential property from VAT

Ministry of Finance adds that supplies of commercial properties will still be taxable. The UAE government has decided to exempt residential property,...

Dubai land prices ‘rise by 13% in 2017’

Rise in first six months of year was not matched by similar increase in house prices. Land prices in Dubai freehold zones...

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