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Danube Properties has announced that it has sold 80 percent of the phase 1 of Lawnz, its AED550 million ($150 million) affordable housing project, within three days of the project’s launch. Phase 1 consists of 515 residential units, comprising studio, one-bedroom and two-bedroom hall apartments with prices starting from AED290,000. A second phase of the…
Increased competition and a tepid global and national market mean only the UAE’s premier industrial and commercial properties have held their pricing in the first half of 2018, according to a report by international property consultancy Knight Frank. The report notes that the long-term prospects remain sound, with UAE’s industrial sector having grown 31 per…
The handover has started for the Bvlgari Residences on Jumeirah Bay, with some of the units representing the costliest transactions made in Dubai last year. The island community comprises 168 apartments, ranging from one- to three-bedroom units, six four-bedroom penthouses, and 15 mansions with three- to six-bedrooms. Some of the units were bought for well…
Arabtec Holding said that its wholly-owned subsidiary, Emirates Falcon Electromechanical Co. (EFECO) was awarded a Dh117 million project contract by Emaar Properties. The contract is for mechanical, electrical, and plumbing works of the Creek Horizon in Emaar’s Dubai Creek Harbour Development. The plot has a total built-up area of nearly 130,000 square metres, with the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.