Developer of recently revived Dubai Pearl says troubles of 2009 will soon be forgottenDubai's "build and they will come" model is in a state of flux, as the emirate is on the path from an emerging economy to a global business hub, one of its key developers...

Tamouh Investments, the primary master developer of Al Reem Island, has announced it will start handing over apartments to institutional investors in May.Developing over 60 per cent of Reem Island in tandem with Sorouh and Reem Investments, Tamouh's timely delivery is...

UAE nationals will now be able to own industrial and commercial properties, granted by Dubai's government, with full freehold legal status and get title deeds registered through the Dubai Land Department.His Highness Shaikh Mohammad Bin Rashid Al Maktoum,...

Stocks listed on the Dubai Financial Market (DFM) rallied Tuesday on the news that Emiratis will now be able to own industrial and commercial properties in Dubai which the market saw as a strong domestic catalyst and shares of realty companies surged.The...

 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...