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[…]

DUBAI (Zawya Dow Jones)–Nakheel, the real-estate unit of Dubai government-owned conglomerate Dubai World, Wednesday said its chief executive, Chris O’Donnell, will step down by mid-June after five years in the post.

Jones Lang LaSalle (JLL) has claimed that Dubai’s real estate sector is set to witness some stability in capital values over the coming 12 months. The firm noted that Abu Dhabi will see highest value declines over the period.

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 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.

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[…]

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[…]

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.

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.

Dubailand, the multibillion-dollar real estate project backed by Dubai Properties Group, is in talks with developers to review their contracts under a wider restructuring plan that aims to get the project back on track by the year-end. The mega-project was one of the most ambitious entertainment resorts planned for Dubai but was placed on hold[…]