Property News

While the pace of new project launches eased last year as developers adopted a more cautious approach in response to market conditions, the outlook for 2019 is “encouraging”, a new report from property services firm Asteco found.

According to Asteco’s UAE Real Estate Report Q4 2018, transactional volumes and values declined across all sectors and emirates, although a number of government initiatives, including residency visa changes and 100 per cent ownership of companies outside free zones, will have a positive effect … Read more ›

Abu Dhabi: Abu Dhabi-based Miral is currently undertaking projects worth Dh6.2 billion on Yas Island to boost tourism and attract more visitors to the island, the company’s chief executive officer said on Tuesday.
“We want Yas Island to be top 10 family destination by 2022. We want to have enough attractions and facilities for families to enjoy the time on the island,” said Mohammad Al Zaabi speaking to reporters in Abu Dhabi.
The privately owned company supported by Abu Dhabi … Read more ›

Since we launched 12 years ago, we have sought to promote best practices in the real estate industry in order to help consumers find the right property from the most relevant and leading real estate professionals. We’ve achieved this by introducing industry-leading initiatives, such as Verified Listings, Agent specific searches, and a Quality Control department that monitors agent conduct, among other practices.

Last week, we honoured the real estate elite at our fifth annual Property Finder Real Estate Awards ceremony and gala dinner, … Read more ›

Middle East real estate portal Property Finder Group targets up to 50 per cent annual growth in revenues and website users in the near term, as it invests in new staff and technology after clinching $120 million (Dh440.7m) in its latest funding round, announced on Monday.

The Dubai-based company, which has operations across eight markets in the Middle East and North Africa, is also open to acquisitions, after investing in a Turkish firm last year, and may consider an initial public … Read more ›

Emaar Hospitality Group, a subsidiary of Dubai’s biggest listed developer Emaar Properties, is selling five of its hotels, including the flagship Address Dubai Mall and Address Boulevard, to Abu Dhabi National Hotels (ADNH), the company said on Tuesday.

“Emaar’s hospitality business has recorded robust growth since its inception in 2007 and moving to an asset-light model will enable the business to unlock its potential,” said Emaar Properties’ chairman Mohamed Alabbar.

The transaction is subject to conditions and expected to be completed in … Read more ›

More details have emerged about a plan to grant long-term residency visas to a group of key professionals in the UAE.

Investors, entrepreneurs, executives, as well as specialists working in medicine, science or research will be granted permission to stay in the country for up to 10 years as part of the plan, which was approved by the UAE Cabinet earlier this year.

Outstanding students will also be eligible for a long-term visa as part of the changes, which are expected to … Read more ›