BCS welcomes RERA initiatives
1. Freezing of service charges positive step, says BCS CEO
2. Supports introduction of online registration system for Owners Associations
3. Looks forward to full implementation...
New Federal Law will grant residency visas to property owners
New federal law granting residency visas to owners of freehold property, regardless of their nationality or the size and value of the property, will...
Milford Real Estate closed it’s two offices in Dubai
According Dubai Eye (103.8), Milford Real Estate LLC , which was established in 2002 prior to the inauguration of Dubai freehold property laws, closed...
Union Properties partners with Emirates Environmental Group
Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates has signed a Memorandum of Agreement (MOA) with the...
RERA denies media reports on Dubai real estate market
Dubai Real Estate Regulatory Authority (RERA) has denied receiving a letter signed by 300 real estate investors, developers and advocates expressing their concern over...
Bailout actions for the Real Estate Sector badly needed
The United Arab Emirates may be preparing a bailout plan for the real estate industry, said EFG- Hermes, according Bloomberg.
After the Government of...
Mirdif City Centre ushers in a unique concept in mall design
Residents and tourists in Dubai will experience one of the most welcoming and community-focused shopping malls in the region when Mirdif City Centre opens...
Dubai property developers told not to increase services charges
Dubai's Real Estate Regulatory Agency (RERA) has directed property developers in the emirate to refrain from increasing services charges during 2009, without its permission,...
“UAE property prices have fallen off a cliff”
UAE Property - Chill winds rapidly changing landscape
In it's latest report Morgan Stanley summarized what the firm considers are the most important developments in...
Important revision of the original terms of the ‘One Villa, One...
On Sunday, the Director-General of Dubai Municipality - General Hussein Nasser Lootah said in a statement that more than one family will be allowed...
BCS calls for stronger collaboration in facilities management
Building closer ties between the professions of strata management and facilities management was the message from Peter Crogan, CEO of BCS Strata Management Services...
Investments in UAE industries reach AED77b
The UAE has recorded strong growth in the industrial sector with total volume of investments reaching AED77 billion in 2008, according to the UAE...
Land Department to help investors rescheduling payments for properties
According an article in the Emirates Business, investors facing cash-flow difficulties can approach the Dubai Land Department for rescheduling payments for their properties.
The goal...
Dubai property prices decline
The latest report by HSBC stated that Dubai property prices fell 23% last month from their record high in September. Prices for Dubai villas...
Global property sales for the last three months of 2008 down...
Dubai saw sales volume more than double in 2008
Middle East Q4’08 property sales down 62% over Q4’07
Real Capital Analytics, Inc. (RCA) is an independent...
Construction works on the Arabian Canal on schedule
Limitless, an integrated real estate development company and a business unit of Dubai World, has begun construction work on the Dh40.4 billion ( $11...
New Rental Index unveiled
Not a regulation, but a guideline
The Real Estate Regulatory Authority (Rera) unveiled a new rental index, which shows residents average rental prices they can...
Q4 2008 House Price Index for Dubai shows average 8% price...
Report attributes fall to reduced liquidity and negative sentiment
Colliers International, the global real estate consultancy, today released its Q4 2008 House Price Index (HPI),...