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Gulf construction industry remained stable in 2011

16 January 2012 News

The construction pipeline in the Gulf region remained unchanged at $1.8trn (Dhs6.6trn) last year, despite economic challenges that have affected the real estate and construction sectors in recent past, Gulf News has reported. Saudi Arabia remains Mena's largest construction market at almost $660bn.

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Abu Dhabi rescues Aldar with Dh16.8b

28 December 2011 News

The Abu Dhabi government yesterday came to the rescue of the emirate's biggest property developer, Aldar Properties PJSC, with a Dh16.8 billion lifeline in exchange for strategic assets.

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Dubai acts to revive freehold projects

16 December 2011 News

The Dubai Land Department (DLD) has introduced two initiatives, Tayseer and Tanmia, to revive and support the real estate market in Dubai.

Tayseer aims to support certain projects in Dubai through the arrangement of financing via local banks. Tanmia — an initiative by Real Estate Investment, and Promotion and Management Centre (REIPMC) under DLD — aims to reduce the number of incomplete projects, reignite stalled projects and improving Dubai's appeal for investment.

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Properties

Shoreline Apartment
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Renting price : 95,000 AED


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Signature Villa - D138
Detail
Selling price : 24,000,000 AED
Living space : 7000 Sq. Ft.
Land space : 13400 Sq. Ft.
Detail
Seafront Studio
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Selling price : 329,000 AED

Land space : 599 Sq. Ft.
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Dubai is considered one of the most profitable real estate opportunities in the world today. This premier tourist destination is also becoming home to a rapidly increasing number of foreigners. With growth a rate of more than 50% over the past five years and more than USD80 billion in real estate projects underway, this tax fee capitol is the perfect investment prospect, promising unmatched returns. Unique developments such as the Palm Jumeirah and The World, together with the region’s booming economy and insignificant crime rate, secures Dubai as one of the safest investments today.

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