Dubai's Land Department will soon announce a new regulatory framework for offshore companies investing in Dubai's freehold market. The move is aimed at improving transparency.The Land Department has halted, for a month, transactions of offshore companies due to...

The distress funds are out there, as are those with interest in them. But a chasm separates their intent from actually getting transferred into the acquisition of properties they can then turnaround. It's certainly not for chancers."There are not a lot of assets...

Nakheel has said that handover of the sixth and final tower of Marina Residences in Palm Jumeirah has commenced, with residents likely to move in within the next few weeks. The waterfront development features six residential towers containing a mix of apartments and...

A federal law soon to start taking shape will further ensure organisation of the real-estate sector in the country, Minister of Justice Hadef Jua'an Al Daheri disclosed."Instructions have been issued to prepare a federal draft law to organise ownership and...

First there was the Metro, then came the once-in-a-lifetime opening of the Burj Khalifa, and now there is the Meydan Racecourse. Each attests to a spirit of derring-do that Dubai can justifiably claim as its own.The global spotlight will once again be fixated on the...

Caution may be the watchword for local banks signing up new mortgage deals, but when it comes to remortgaging (or topping up) opportunities, it is a new ball game. In recent weeks, some of the leading home financing players in the marketplace have expanded the scope of...

Dubai's real estate prices have nearly bottomed out and should start to recover, but probably not until at least next year, the head of one of the emirate's most prominent property developers said on MOnday.Prices in the UAE dropped by half in less than a year from...

The property market is steering towards maturity and more regulations in the course of 2010, Jones Lang LaSalle (JLL), global real estate brokerage said Monday.A press conference held by JLL outlined the predicted trends that are set to define the realty market in...

The British government will continue to support Dubai through this difficult period and believes that the emirate’s economy will recover, UK Business Secretary Lord Peter Mandelson said on Sunday. He said his government was working closely with the authorities in Dubai...

Plot prices on some of the artificial islands of The World off Dubai's coast rose 50 per cent since property developer Kleindienst Group started to market them in December last year.Josef Kleindienst, the group's CEO, told in an interview Tuesday that demand was...