‘Real Estate’ Archives
Landmark Advisory June 2010 Dubai Leasing Guide: Premiums To Emerge for Single Owner Office Buildings
Landmark Advisory, one of the leading real estate consultancy companies in the Middle East, today released its June lease guide for Dubai. The rent ranges published in the leasing guide – available at www.landmark-advisory.com – combine transactional data with mystery shopping and broker surveys and are prepared by the analysts at Landmark [...]
Museveni invites Dubai tycoon to invest
PRESIDENT Yoweri Museveni has urged Dubai-based Africa Middle East Resources to invest in Uganda’s oil sector. Museveni met the group’s executive director, Dr. Mohammed Ali Rashid Al Abbar, over the weekend. He also invited them to invest in agro-processing and hydro-power generation here. Al Abbar is also the chairman of Emaar [...]
Dubai Municipality applies new e-system to manage and rent its properties
Dubai Municipality began recently the application of a new e-system to manage and rent its properties in collaboration with Dubai e-Government. The system aims at automating the leasing process of real estate and property, and simplifying and speeding up services to the public consistent with the objectives of Dubai Strategic Plan, to achieve [...]
Dubai private equity firm under parent control
DUBAI, June 13 (Reuters) - Dubai International Capital's (DIC) board was dissolved in January and the private equity firm was brought under the control of its parent conglomerate, Dubai Holding, in a move that relinquished the role of its founder. A company statement on Sunday said the DIC board was dissolved in January, after a report in the [...]
Expats make the most of ‘Homes From India’ fair
Hundreds of Indian expatriates in the Eastern Province visited the two-day "Homes From India" exhibition that included presentations from India's 20 leading real estate developers. Organized by the Housing Development Finance Corp. (HDFC) in coordination with the Alkhobar-based Rezayat Group at the Carlton Hotel on Thursday and Friday, the [...]
Foreclosure: Things to know about foreclosures
Question: Recently Barclays obtained a foreclosure order on some defaulting mortgage holders. In such cases, what should the mortgage holder be aware of when a bank decides to repossess their property? What are the legal issues, and what questions should be asked and what papers signed? Answer: In January of this year it was announced that [...]
Luxury Travel: Gucci to Open Hotel in Dubai
Plans are underway for clothing designer Elisabetta Gucci to lend the Gucci name to the booming hotel business in the Middle East’s favorite place to spend money, Dubai. Sitting on the coast of the Persian Gulf, and surrounded by the brutal-yet-picaresque Arabian Desert, Dubai represents the finest results of capitalism within the oil [...]
The leaning tower of Abu Dhabi
Following the opening of the world's tallest building in Dubai earlier this year, this week sees the completion of yet another iconic piece of architecture in the United Arab Emirates. The Capital Gate tower in Abu Dhabi has an 18-degree slope, prompting the Guinness World Records to name it the "furthest leaning man-made tower." The leaning [...]
Dubai Economy Growth in 2010 to Be Lead by Trade & Transport
A report released by Dubai Chamber Economic Research Department on Wednesday has cited trade, manufacturing, transport, government services and finance as the leading drivers of Dubai Economy in 2010. The report has also mentioned that domestic services, real estate, mining and construction industries will be showcasing a negative growth in [...]
Dubai Land Department’s first valuation workshop packs full house of 80 valuation experts
The Dubai Land Department concluded last week its first Real Estate Valuation Workshop which was attended by more than 80 Arab and foreign experts working in professional institutions related to valuation. The workshop saw in-depth discussions about various methods of valuation, international best-practices, and the challenges of valuing land in [...]
