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Dubai Property

Abu Dhabi house prices jump 53%
A new report from Colliers International has found that house prices in Abu Dhabi have jumped by 53% over the past year to $580 per square foot, compared to an 18% price hike in the previous 12 months. The company predicts that the continued shortage of accommodation in the UAE capital could push this rate higher in the next few months. Only 27,000 units are expected to be delivered by 2010, compared to a demand of more than 100,000.
United Arab Emirates: Tuesday, May 27 - 2008 at 11:15

Cayan delivers its 2nd project at Dubai Marina
Cayan Investment and Development company has announced that The Jewels, a twin tower residential development in Dubai Marina, is ready and has been handed over to its owners. The delivery of The Jewels marks the second project tbhat Cayan has delivered to its clients in Dubai Marina. The Jewels consists of two apartment buildings and five adjoining villas.
Tuesday, May 27 - 2008 at 10:29

Foreign buyers dominate UAE market
Two out of three new freehold properties in the UAE are bought by foreign corporations or individuals who live outside the country, according to a Dubai developer. MAG Group Property Development, which is looking to grow its portfolio of projects to more than Dhs10bn ($2.1bn) by 2012, said final home owners account for just 30% of the market and only 5% of them are UAE nationals.
United Arab Emirates: Tuesday, May 27 - 2008 at 07:25

Low income housing for Dubai
Developer Union Properties is planning to launch mid to low income housing projects in Dubai, Bloomberg has reported. The company plans to buy between 40 million and 60 million sq ft of land in the emirate on which to develop.
United Arab Emirates: Monday, May 26 - 2008 at 13:06 |

Saudi, UAE firms in joint launch
Saudi developer Berjal Real Estate and UAE-based Al Rashid Real Estate have announced the launch of Berjal City in the emirate of Ajman. The developers are expecting the 30m sq ft mixed use development to attract $4.1bn.
United Arab Emirates: Monday, May 26 - 2008 at 08:40

Emaar to begin KAEC sale
Emaar the Economic City will this week begin sales of properties in Saudi Arabia's King Abdullah Economic City development. The homes in the Bay La Sun Boulevard Towers complex will be put on offer in Dubai and Abu Dhabi on 27 May.
Saudi Arabia: Sunday, May 25 - 2008 at 13:02

Azizi increases land portfolio
Dubai-based property developer Azizi Investments has confirmed the acquisition of 920,000 sq ft of land on the Palm Jebel Ali and Dubai World Central. The value of the projects earmarked for the two sites totals close to $1bn.
United Arab Emirates: Sunday, May 25 - 2008 at 08:02

Barwa to win Al Khor, Wakrah projects
Barwa Real Estate looks set to be awarded the development contracts for Al Khor and Wakrah cities after speculations have excluded the Public Works Authority. A report in the Peninsula newspaper said that the contracts could alternatively be awarded to two separate developers to ensure a quick completion.
Qatar: Saturday, May 24 - 2008 at 10:22