News
The office market has recorded a range of activities across the board, with some companies expanding and others consolidating operations. According to Cluttons, factors like rising costs, high inflation, value-added tax (VTA) and other global economic factors have affected the office market. Moreover, there has been a wide range of new market entrants and some…
The Dubai Financial Market (DFM) and the Dubai Land Department (DLD) have signed a memorandum of understanding (MOU) that will create more incentives for real estate trust funds (REITs) listed and traded on the financial market. Offering “numerous DLD fee incentives for real estate companies and REITs”, the partnership aims to open new opportunities in…
Emaar Hospitality Group, the leisure division of Dubai-based real estate developer Emaar Properties, said on Wednesday it has signed an agreement with West African conglomerate Kalyan Group to open a hotel in Togo, marking Emaar’s entry into sub-Saharan Africa. The premium hotel in the Togolese capital city of Lomé will operate under Emaar’s Address Hotels…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.