Apple Inc. officially announced its upcoming Worldwide Developers Conference and gave details on the event. As we have already informed you, the conference will take place on June 10-14 in San Francisco and it will focus on Apple’s mobile operating systems iOS and OS X. Tickets will soon go on sale. However, if you want […]
Dubaï will host in January 2012 the first Moroccan Real Estate exhibition showcasing different real estate projects in Morocco with the participation of many global real estate investors, developers, administrations architects, banks and representatives from different economic agencies from Morocco. This event will bring together real estate developers from Morocco and potential buyers interested by […]
Service charges and fees charged by developers in Dubai continues to be unsustainable high. Maintenance fees at several locations, including Downtown Dubai is rather significant, adding to the woes of property owners and investors who have seen their property valuations plummet in recent years. Service charges for the current year in Palm Jumeirah have been […]
Building costs have dropped by more than 40 percent from their peak in 2008, giving developers a motivation to restart work now. Drops in U.A.E. interest rates have also been an incentive to move forward on projects and collect further payments from buyers. The U.A.E.â€™s 3-month interbank offered rate or EIBOR dropped by more than […]
A total of 40 projects have been shortlisted for the first phase of the Land Department’s groundbreaking initiative to offer developers and investors a ‘Government guarantee’ to fund completion of selected premium developments. Details of Tayseer, which effectively guarantees finance and completion of the selected projects, were revealed yesterday during a meeting with key developers […]
According Reuters, in the beginning of February, Al-Fajer Properties announced a 3.2 billion dirham ($871.2 million) restructuring of its operations. Under the leadership of its new president, Sheik Maktoum bin Hasher Al Maktoum – the eldest son of the company’s owner – the company had liquidated its land bank and sold off its remaining inventory […]
Dubai developers have access to up to $2.2 billion from escrow accounts to cover construction commitments, the emirate’s property regulator said in a strategy report released on Wednesday. Several Dubai-based contractors have said they are owed hundreds of millions of dirhams by state-linked developers and some may face bankruptcy as credit dries up.
Dubai Real Estate Regulatory Authority (RERA) has denied receiving a letter signed by 300 real estate investors, developers and advocates expressing their concern over the fate of their investment in the Emirate of Dubai, commented the official news agency WAM. In their letter, they demanded RERA to immediately act before prices in the real estate […]
Marine Agency at Roads & Transport Authority (RTA) is proceeding with field visits and meetings with property developers operating in Dubai to explore means of boosting relations between RTA, property developers and strategic partners.
60% of developers still unprepared for the law, says Peter Crogan, CEO of BCS Strata Management Services Though strata management is making its way to rule books in the UAE, almost 60 per cent of the property developers in the country are still unprepared for such laws, said Peter Crogan, Chief Executive Officer of BCSÂ¬ […]