NewsRERA reassures property investors that property market in Dubai is safe
The Real Estate Regulatory Authority (RERA) has reassured investors that the property market in Dubai is still safe despite the global financial crisis. However, the authority said on Wednesday that it could not protect those investors who have sought advice from unprofessional real estate agents. Pointing...
Hydra Village Sharjah
Hydra Properties, the leading UAE-based international property developer, has announced plans to unveil Hydra Village Sharjah, the developer’s latest foray into the UAE real estate market, at the Acres Middle East Exhibition which will take place on December 15 -18, 2008 at the Expo Centre Sharjah. Hydra...
Aldar’s projects on track
Abu Dhabi’s biggest real estate developer Aldar Properties has not slowed down or put on hold any of its projects due to the global financial crisis and has no plans to lay off staff to cut costs, a senior Aldar executive told Gulf News. “Everybody is affected by the financial tsunami, nobody...
Construction in Dubai still going strong
Al Habtoor Leighton has won three major contracts worth Dh16.75bn in less than a month, pushing the company’s orderbook to Dh30bn according to Gulfnews. The company has so far seen little impact of the global financial crisis, and the orderbook reflects the reality in the construction sector, defying...
Ajman plans to establish regulator on the lines of RERA
The emirate of Ajman plans to establish a real estate regulatory body on the lines of Dubai’s Real Estate Regulatory Agency (RERA). The regulator will be established in the first quarter of next year, and its main purpose is to oversee property developments. This means that the government of Ajman...
Real estate investments in Dubai exceed Dh158bn in 2008
Real estate investments in Dubai has exceeded Dh158bn so far this year, Gulfnews report. This estimate is based on sales reports, leasing and mortgage transactions, and shows that Dubai remains one of the worlds most attractive destinations for investors, according to Ahmet Kayhan, CEO of REIDIN.com. Reports...
Meraas reviews $95bn Jumeirah Gardens
Meraas is currently reviewing the $95bn property project Jumeirah Gardens in the Satwa district. According to a spokesperson, Meraas is reviewing their business strategy, as well as the phasing and rollout of the Jumeirah Gardens. More details will be clarified at the start of next year, but this could...
Solanki plans to invest Dh12bn in real estate
Solanki Real Estate, a newly announced branch of Solanki Holdings, has planned to invest Dh12bn in real estate development. Their flagship development is located on Al Marjan-islands in Ras Al Khaimah and is expected to cost nearly Dh9bn ($2.4bn). The project will comprise more than 1500 apartments,...
