Ministry: property values could fall - The National Newspaper

Categories: Development, Residential

The National newspaper reports that “Speculators are driving up the price of housing so quickly that they risk causing a “sharp” fall in property values, a new report from the Department of Planning and Economy warns.Buyers were overpaying for properties bought off-plan, creating “a risky business which may result in a sharp drop in the value of new units, thus undermining the future of the sector and other supporting sectors such as building in construction”, said the report released yesterday.It predicted that ... Read More

TDIC and Surbana to build Worker Village - WAM

Categories: Residential

WAM Abu Dhabi, May 18th, 2008 (WAM)--Tourism Development and Investment Company (TDIC), Abu Dhabi's leading tourism asset developer, is to build a 'Grade A' Accommodation village, complete with a wide range of recreation facilities at cost AED700 million."By building this village, TDIC is fulfilling its commitment to ensuring best practice delivery across every element of its operations," said Lee Tabler CEO of TDIC. "The company is also delivering on the promise of respect which is at the core of the Abu Dhabi ... Read More

UAE facing 300,000 housing shortfall by 2017 - ArabianBusiness.com

Categories: Residential, Urban Design

The UAE real estate market is facing a massive shortage in residential units - and it will only get worse in the coming years, a property executive has warned. Read more @ the Source: ArabianBusiness.com – UAE facing 300,000 housing shortfall by 2017 Read More

Emaar debuts Burj Park waterfront homes within Downtown Burj Dubai

Categories: Residential

Emaar Properties PJSC has unveiled Burj Park, a premium waterfront residential zone and the first of its kind within Downtown Burj Dubai, conveniently located within walking distance of Burj Dubai and The Dubai Mall. Burj Park also offers direct access to Burj Lake Promenade and to Park Island, a 25-hectare park located on an island accessible via a bridge walkway. Burj Park homes redefine the lifestyle experience by blending elegant views and modern amenities. Many of the residences open to Burj Dubai ... Read More

Doha in Qatar gets the Armani treatment - Times Online

Categories: Commercial, Development, Residential, Urban Design

Some critics claim that the Gulf's property boom is nothing more than a mad, headlong race of one state trying to outdo another in extravagance. In the case of Doha, the capital of Qatar - until recently viewed as dull and dusty - that may well be true. Doha is now attempting to turn itself into the business and tourist heart of the Middle East, with enough glamour and glitz to rival neighbouring Dubai.Flush with money generated by the North Field, said ... Read More

Emaar opens first Sales Centre in Abu Dhabi

Categories: Development, Residential

Emaar opens first Sales Centre in Abu DhabiAbu Dhabi, UAE; March 29, 2008: Emaar Properties will open its first dedicated sales centre in Abu Dhabi, the UAE’s capital, on 30 March, 2008. The Emaar Sales Centre, located on Muroor Road, will showcase Emaar’s entire roster of property developments.The Emaar Sales Centre in Abu Dhabi builds on Emaar’s focus of offering a unique ‘customer journey’ into the various features of the developer’s mixed-use projects. A dedicated sales team will manage the Sales Centre. ... Read More

Emaar takes the lead in serviced residences

Categories: Business, Residential

Emaar Properties has taken the lead in the serviced residences sector, having recorded strong customer response to the recent sale of serviced apartments at Dubai Marina and Downtown Burj Dubai. The high customer interest highlights the emerging trend in the UAE property market in favour of serviced residences, also reflecting the boom of tourism within the bustling city.  Recent customer response to the sale of a limited collection of luxury waterfront serviced apartments at the 38-storey Dubai Marina Mall Hotel & Serviced Residences ... Read More

Waterfront City - twice the size of Hong Kong Island with Manhattan’s density

Categories: Architecture, Commercial, Development, Residential, Urban Design

Nakheel, one of the world’s largest and most innovative real estate developers, has revealed the masterplan for Waterfront City, the vibrant centrepiece of Waterfront, the largest urban development project in the world. Waterfront City is planned to become a lively city centre 24 hours a day for a predicted residential population of 92,000 and a working population of approximately 310,000 people. Covering a land area of more than 330 hectares, Waterfront City comprises of a central island surrounded by four neighbouring districts ... Read More

Encouraging news for UAE property market

Categories: Business, Residential

In a recent opinion survey, conducted by DSL Exhibitions to gauge consumer concerns and satisfaction levels in the wake of the UAE property boom, researchers found several startling results that clearly demonstrate residents rising confidence – both in the property market as well as infrastructure development. Source: albawaba.com: Encouraging news for UAE property market. Read More

Residents to enjoy more greener spaces in Dubai

Categories: Environment, Residential

Dubai: A series of landscaping projects will add 113 hectares of greenery to the city this year, Dubai Municipality has announced.Various activities are being held across the country to mark the launch of the 28th Plantation Week, which runs until March 6.Environment Health and Safety (EHS), the regulatory arm of Trakhees - Ports, Customs and Free Zone Corporation has joined forces with the UAE municipalities to mark the event - held this year under the slogan: "Together for a green UAE". Read more ... Read More