News
The property developer behind the world’s tallest tower has come back down to earth with a bump. Shares in Emaar Development, which built Dubai’s Burj Khalifa, have fallen nearly 5% since they started trading on Wednesday, hit by nervousness among investors over regional instability and its impact on real estate markets. Dubai’s biggest IPO in…
Organizers of mega-event say “on track” to reach contract target of Dh11bn by end of 2017 A total of Dh10.8 billion worth of construction contracts for Expo 2020 Dubai have been awarded this year, as well as Dh411 million of non-construction contracts, organisers said, adding that the mega-event is on track to award Dh11bn of…
A practical guide for landlords and tenants The impending implementation of the value-added tax (VAT) will undoubtedly have many landlords and tenants scrambling to check their commercial leases for potential liability to VAT. The obvious question is, will the lease be a gross lease or net lease? Perhaps not so obvious when signing the terms…
The move from the Palm Jumeirah to Al Wasl has brought pleasant surprises for this family of four Hanne Ripsaluoma, owner of a boho chic resort-wear brand, Dunesi, and mother of two young boys, has lived in Umm Suqeim 1 for three years. The family swapped their three-bedroom apartment on the Palm Jumeirah for a…
Owning a home is a keystone of wealth… both financial affluence and emotional security.