All Posts in Category

News

Dubai Rents Get a Reality Check

Dubai Land Department updates rental index to more accurately reflect market rates The Dubai Land Department (DLD) has announced that the rental index has been updated for 2018. The new update is for all residential, commercial and industrial properties in Dubai. The update was much-needed since residential rents have declined in several locations in the…

The 2018 Dubai Rental Index has gone live

Index provides updated rental band for the freehold locations plus Bur Dubai and Deira Dubai: The Dubai Land Department has updated its online Rental Index for 2018, a process which carries extra significance this time given that residential rents had taken a hit across key locations for the first time since the Index came into…

Palm Jumeirah’s Riva Beach Club reopens to the public

The club offers a private beachfront 300 meters wide, a climate-controlled pool and an indoor Mediterranean restaurant The Palm Jumeirah’s Riva Beach Club – the first independent club to operate on The Palm – has opened to the public after undergoing months of upgrades. All facilities and water sports are back in operation and the…

Emaar Development IPO to raise $1.3bn

Listing and trading on the Dubai Financial Market will begin on November 22 with share price of AED6.03 Emaar Development PJSC has announced an offer price of AED6.03 per ordinary share for its initial public offering, the company announced on Thursday. Based on the offer price, Emaar’s market capitalisation at listing will be approximately AED24.1…