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VAT can prompt UAE residential developers to get more generous

This could mean stretched post-handover payment terms will become even more frequent Dubai Come 2018, property buyers can expect UAE developers to turn even more generous with their sales incentives, especially on the post-handover payment plans. This is so because the upcoming VAT regulations on residential sales offers developers a zero rate on all residential…

Land in Dubai holds value for investors

The consultancy firm recently entered a transaction for a size-able plot in Business Bay Dubai Land in Dubai continues to hold its own as investors’ favourite, with such transactions now totalling Dh68 billion. “Market conditions since 2014 have made it impossible to buy and sell land for profit in the short term, and the emphasis…

Azizi starts work on 105-building community

First phase of the project located in MBR City to be delivered by May 2019 Dubai: Azizi Developments has started construction on its 105-building ‘Azizi Victoria’ project in MBR City’s District Seven precinct. It will take up an area of 33 million square feet and eventually feed 30,000 residential units, a retail district and two…

Banyan Tree launches first ME’s residential project in Dubai

The new 32-storey residential tower will include 244 residences UAE-based developer Sweid & Sweid has partnered with hospitality brand Banyan Tree to develop and deliver the first Banyan Tree Residences in the Middle East. Located on Al Telal Street, the new 32-storey residential tower will include 244 residences, featuring one, two, three and four-bedroom apartments,…