News
Department assigned to handle real estate compliance in Dubai A division within the Department of Economic Development will oversee whether real estate facilities in Dubai are in compliance with existing laws. The Commercial Compliance & Consumer Protection (CCCP) will conduct field inspections of all such properties licensed by the Real Estate Regulatory Agency. This follows…
Dubai’s tighter off-plan rules: the good and the bad he DLD’s new escrow regulations could be hard on some developers, but a lifesaver for the real estate market When the Dubai Land Department (DLD) announced last month more stringent regulations for new real estate projects, it could have easily been a death blow to some…
Egyptian developer launches Dh1b residential community in Dubai The Rukan Residence from Continental Investments will occupy 2.6m square feet A Dh1 billion residential project has been launched in Dubailand and occupying 2.6 million square feet within it. The Rukan Residence will feature a mixed-use community, with 70 per cent allocated to public spaces. The developer,…
Damac awards a second major contract to Arabtec Contract worth Dh424m will see a further 916 villas come up at Akoya Oxygen Damac Properties has awarded a Dh424-million contract to Arabtec to build additional villas in Akoya Oxygen. Emirates Falcon Electromechanical Co., a subsidiary of Arabtec, will be carrying out the MEP works for the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.