MAG 5 Boulevard Sees 50% First Week Sales

• Sunday, 4th December 2016
• by Farah Montasser

MAG 5 Boulevard, a development by MAG 5 Property Development, saw 50% of its phase 2 sell out during the first week, according to a press release issued Sunday.

Al Habtoor Completes Divestment of Its HLG Shares

• Thursday, 1st December 2016
• by Joana Saba

HLG Contracting announced on Wednesday the completion of the transfer of shares from Al Habtoor Holding to Riad Al Sadik, and a name change from Al Habtoor Leighton to HLG Contracting, according to a press release.

Built Assets Contributing Strongly to UAE’s Economy, Qatar Leads in Spending

• Tuesday, 29th November 2016
• by Karim Mohy

Built assets now contribute almost 50% to the emirates' GDP, according to a recent report by consultancy Arcadis.

Dubai Unveils Smart Buildability Index

• Tuesday, 1st November 2016
• by Karim Mohy

The signing of a memorandum of understanding between the Federal Demographic Council, federal ministries and the municipalities of the seven emirates introduced the Smart Buildability Index last week.

Equitativa Seeking to Launch New Property Funds

• Tuesday, 1st November 2016
• by Karim Mohy

Equitativa Real Estate Limited, the main shareholder of Emirates REIT, intends to launch new property funds in the UAE and seeks to export its model to Saudi Arabia.

Emirates Real Estate Fund Records Increase in Portfolio Value and Rental Income

• Monday, 31st October 2016
• by Karim Mohy

UAE-based Shari'a compliant real estate investment trust Emirates REIT recorded a 13% year-on-year increase in its portfolio value as well as an increase in rental income by 19.7% in the third quarter of 2016.

Work On Stage Two of Dubai Design District Begins

• Monday, 17th October 2016
• by Tim Nanns

Construction on the $272 million second stage of the Dubai Design District (d3) has begun.

Sobha Group Launches ‘Vaastu’ Villas in Hartland Project

• Monday, 17th October 2016
• by Tim Nanns

Sobha Group, a Dubai-based real estate developer, unveiled its Vaastu-inspired homes at its $4 billion Sobha Hartland community at the Dubai Water Canal.

Musanada to Begin Construction of Shakhbout Girls School

• Monday, 17th October 2016
• by Tim Nanns

Musanada, the Abu Dhabi General Services Company, announced on Sunday that it would commence with the construction of the Shakhbout Girls School project in early November.

Dubai Advisory Firm Warns Of Continued Decline in Prices in 2017

• Sunday, 16th October 2016
• by Tim Nanns

Phidar Advisory, a Dubai-based advisory company, claimed in a recent report that property prices and rents on Dubai's residential market continued to decline in the third quarter of 2016 and might drop further throug ...