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217 Registered Projects Canceled in Dubai

As Dubai continues to struggle with its real estate woes, the latest sign that things are not yet quite set to improve comes with the report that Dubai’s real estate watchdog organization has canceled around 217 registered property projects since 2009[1]. The group, called the Real Estate Regulatory Authority (RERA), reviewed about 450 projects in[…]

50 top Indian developers to showcase 250 projects in Dubai

DUBAI — The forthcoming Indian Property Show is expected to generate business worth Rs2.5 billion ($58 million) as 50 leading developers are ready to feature more than 250 projects in Dubai on June 16. The eight edition of the much-awaited property show is back on popular demand and is scheduled from June 16 to 18[…]

Islamic trusts could revive Gulf’s property market

Islamic trusts seen lifting confidence in GCC real estate; Gulf investors still inclined towards real estate Jordanian Ashraf Hamdan began investing in Dubai’s real estate market in 2006, with a few modest rental investment forays before turning his sights on flashier projects as a wave of luxury developments hit the market.

Dubai Metro’s Green Line gets green light

The Dubai Metro’s Green Line will go online in September, with 16 stations open to the public, the Roads and Transport Authority said yesterday. The 23-kilometre Green Line, which starts at the Etisalat Station in Al Qusais near Emirates Road, will be missing two stops at first: the Al Jadaf and Creek stations. Those facilities[…]

Property supply in Dubai has passed its peak: JLL survey

Dubai’s real estate is likely to witness some stability in capital values while Abu Dhabi will see highest value declines over the next 12 months, a latest Jones Lang LaSalle (JLL) survey has said. “While Dubai is already passed the supply peak, Abu Dhabi is still approaching the peak of the supply cycle. Thus, Abu[…]

Mortgage worth considering now

Dubai: With mortgage rates and property prices easing, owning a home can be a smarter choice for some residents in the UAE. Some housing experts said acquiring a property at current rates through a 25-year mortgage actually comes out cheaper than renting an apartment in the UAE, if extra fees are not taken into account.

First Dubai Property Auctioned off By Bank

Barclays have confirmed that they have sold their first reposed property in the Emirate of Dubai, the small villa located in the Springs area of Emirates Living Dubai a collection of small attached townhouses was sold at auction indicating a reserve of 1.2m aed finally selling for 1.22m aed.

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