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Emaar unit’s $1.5bn IPO fully subscribed within hours

Emaar unit’s $1.5bn IPO fully subscribed within hours

Dubai developer is offering 800 million shares in Emaar Development Emaar Properties’ $1.5 billion initial public offering of its United Arab Emirates development business received bids for the entire amount within half a day of the issue’s opening. The developer of the world’s tallest skyscraper is offering 800 million shares in Emaar Development at a…

From rent to investment

From rent to investment

City Properties wants to convert tenants into homeowners with a 10-year payment plan Owning a property in Dubai cannot be more affordable and easy. More and more developers are coming up with easy payment plans, affordable buying options and interest-free loans to attract new clients. A new developer wants to open the market to an…

The cost behind the appearance

The cost behind the appearance

John Stevens of Asteco explains why the right service charge makes for a wise property purchase A beautiful apartment building promising luxury has all the trappings to attract buyers, but as a developer and a potential owner it is advisable to crunch numbers before getting lost in impressions. The initial outlay to construct a building,…

Ask PW: Real estate disputes

“Ask PW: Real estate disputes” is locked Ask PW: Real estate disputes

What happens if the developer makes changes to the design and floor plan? We bought an off-plan property three years ago. Recently we got to see the show villa and discovered that there were changes made to the floor plan without our consent. There are a few other differences between what is promised in the…