News
Nakheel made a net profit of Dhs4.96bn in 2016 Dubai developer Nakheel announced that it made a net profit of Dhs4.96bn in 2016 – a 13 per cent increase compared to Dhs4.38bn in 2015 – and the highest-ever recorded by the company. The 2016 results follow improved year-on-year performances by Nakheel’s retail, hospitality and residential…
New landscaping project makes Zabeel Saray bridge appear as if it is supported by rows of trees DUBAI In another first in the city, a bridge on Palm Jumeirah will have an artificial forest under it. Works are currently underway to cover the underside of the 326-metre Zabeel Saray flyover, including the columns, with artificial…
The UAE’s first residential real estate investment trust (Reit) has been established to tap improving yields after two years of price declines. The company behind Emirates Reit has teamed up with Al Hamra Real Estate Development and National Bonds to create the investment trust that will comprise about 500 homes in Dubai and Ras Al…
Housing prices and rents in Dubai are expected to increase from mid-2017 onwards, according to a recent report by Knight Frank. The property broker highlighted in its 2016 Year End Review that Dubai’s government spending on infrastructure and facilities ahead of Expo 2020 would lead to a significant increase in sales and rent prices by…
Owning a home is a keystone of wealth… both financial affluence and emotional security.