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Dubai Property

New law aims to curb 'flip' sales
Dubai has issued a new law requiring home buyers to register their purchases before reselling them. The new law requires purchases of even uncompleted apartments and villas bought 'off plan' to be registered with the department first before they can be passed on to a new buyer. The move is seen as an attempt to prevent speculators from 'flipping' the ownership of an uncompleted home soon after making the purchase. The practice has fuelled rapid inflation in property prices.
United Arab Emirates: Tuesday, August 26 - 2008 at 10:48

Culture Village hits new milestone
Dubai Properties has announced that the Dhs50bn Culture Village project has crossed key construction milestones, including the completion of 90% of the Dhs1bn infrastructure works. Canal works within the 40 million sq. ft. Culture Village site, situated next to the Garhoud Bridge along the Dubai Creek, is 95% complete. While the residential, commercial and retail districts within the project are being developed by 15 private developers, building works for these districts are being simultaneously undertaken.
United Arab Emirates: Tuesday, August 26 - 2008 at 07:38

Tiger Woods master plan unveiled
Tatweer and Tiger Woods have unveiled the master plan for The Tiger Woods Dubai, the exclusive residential golf community. The project will encompass Al Ruwaya, the first golf course designed by Tiger Woods, which will offer only 200 memberships with residents of the community being given top priority. Residences at The Tiger Woods Dubai will include 22 palaces, 75 mansions, and 100 signature villas.
United Arab Emirates: Monday, August 25 - 2008 at 15:44

UAE realty companies hit 4,000
Fakruddin Properties has noted, the increase in the number of registered real estate developers and related companies in Dubai and Abu Dhabi rising to 4,047, including 1,588 companies and contracting offices in Dubai, and 1,588 management, investment and real estate development companies in Abu Dhabi. The data were gathered from statistics released by Dubai's Real Estate Regulatory Authority (RERA) and the Dubai Land Department, as well as data released by the Abu Dhabi Chamber of Commerce.
United Arab Emirates: Monday, August 25 - 2008 at 14:07 |

Abyaar hails ban on speculation
Abyaar real estate developer has hailed the decision of the Dubai government to ban speculations in the off plan realty market, seeing it as a move to contribute to the stability of Dubai real estate market. The new regulation is the foundation of the Dubai Land and Property Department and the Real Estate Regulatory Authority, which is seen to better control escalating real estate prices in Dubai.
United Arab Emirates: Monday, August 25 - 2008 at 11:55

Chapal Flora hits Dhs400m sales
Chapal said its Flora Residences villas have made Dhs400m sales revenue during its launch day. The villas development will be seen off the Emirates Road in Ajman which will comprise of 1,762 villas. The project was designed by Engr. Adnan Saffarini Architects.
United Arab Emirates: Monday, August 25 - 2008 at 09:36

Hydra Executive Towers underway
Hydra Properties has announced it has completed 60% of excavation work for the Hydra Executive Towers located at Al Reem Island in Abu Dhabi. The project consists of three towers, two of them will rise up to 30 stories each and function as offices while the third tower is planned with 24-stories and will offer serviced apartments. The project expects completion by September 2011.
United Arab Emirates: Sunday, August 24 - 2008 at 09:14

Burj Lake awaits fountain name
Emaar has announced thousands of entries have been received in its contest to name the water fountain being developed in Burj Lake within Downtown Burj Dubai. Individuals who wish to participate may suggest one name each online at a dedicated web page for the competition that can be accessed at Emaar website before it closes on September 15.
United Arab Emirates: Saturday, August 23 - 2008 at 13:29