Tag: Dubai

Nakheel posts Dh1.55 billion Q1 profit

Nakheel posts Dh1.55 billion Q1 profit Nakheel made a net profit of Dh1.55 billion in the first quarter of 2018, up 5 per cent on Q1 2017. The developer had posted a net profit of Dh1.67 billion in Q4 of 2017. The master developer handed over nearly 200 land and built form units to customers […]

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Developer hands over Studio City apartments

Developer hands over Studio City apartments Danube Properties will hand over projects worth of Dh1.5 billion this year. Danube Properties will hand over projects worth of Dh1.5 billion this year, says Atif Rahman, director and partner, Danube Properties. The developer handed over 354 apartments in Glitz 3 in Dubai Studio City on Wednesday. Buyers of its […]

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Sheikh Zayed Road is not done scaling heights

Sheikh Zayed Road is not done scaling heights Dubai: Azizi Developers is ready to give shape to its tall ambitions … two skyscraper projects on Sheikh Zayed Road and with one of them to be the second tallest (at 570 metres plus) after the Burj Khalifa (at 830 metres right up to the tip). The […]

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Emaar project clinches Dh1 billion worth of sales

Emaar project clinches Dh1 billion worth of sales All 375 residences in twin-tower project sold out at launch Emaar Development has recorded total sales worth approximately Dh1 billion at the launch of the first residences in Emaar Beachfront, following a good response from UAE-based and international investors. Emaar Development’s launch of Beach Vista, a twin-tower […]

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Note to serious property sellers: Keep it real

Note to serious property sellers: Keep it real Homeowners must put up realistic asking prices to compete with developers’ off-plan units  Property sellers in Dubai are having a relatively tough time finding buyers for their units since they are competing with overgenerous developers who are luring customers with affordable prices, extended payment plans, DLD fee […]

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Brokers no longer allowed to sign rental contracts

Brokers no longer allowed to sign rental contracts Dubai: Brokers legally appointed to manage property of landlords based abroad are no longer allowed to sign unified lease contracts to get an Ejari, leaving some tenants in the lurch, Gulf News has learnt. The Dubai Land Department (DLD) in March launched the unified lease contract for rental properties in […]

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VAT in UAE: Key facts on real estate

VAT in UAE: Key facts on real estate The UAE will start implementing a value added tax (VAT) rate of five per cent from January 1 2018, and businesses in the first phase can start now registering on the website of the Federal Tax Authority (FTA). As the real estate sector affects most expat lives in […]

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Law amended to protect property buyers, developers

Law amended to protect property buyers, developers Law amended to protect property buyers, developers. It specifies procedures that will be applied in cases of breaches of sale contracts by the buyer. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law partially […]

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Why you should bet on serviced apartments in Dubai

Why you should bet on serviced apartments in Dubai Serviced apartments are usually occupied by business travellers, relocating families and leisure GCC families in Dubai. Serviced/hotel apartments have traditionally been more expensive to buy compared to standard residential units in Dubai. They also offer higher yields to investors, especially if managed by an internationally branded […]

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