News
100% lender agree with financial restructuring, says chairman Lootah Dubai-based real estate developer Limitless announced today that it will make an early payment of Dh2.07 billion to banks and trade creditors this month, following the successful conclusion of its restructuring agreement with lenders. Under the agreement, Limitless is required to pay its outstanding Dh4.45 billion…
Urban communities are the focus of future planners. According to the UN, 66 per cent of the world’s population is projected to live in urban areas by 2050, up from 54 per cent in 2014. Walkability, connectedness and sustainability all emerge as key concepts in the quest for a city that works for its inhabitants….
Nakheel acknowledges only two islands are developed, but says financial deals involving the project are resuming Dubai: Surrounded by 300 man-made islands, Dubai’s newest real-estate wonder has all the amenities of a luxury hotel — plus views of the bottom of the sea. The Floating Seahorse villas feature submerged bedrooms whose curtains open up to…
Firdous Sobha, the joint venture between the Sobha Group and the Government of UAQ, will transform the natural mangrove-lined island of Al Seniyah, just off the emirate’s coast, into an integrated resort and residential development. ”We’re going to create a global destination that not many places in the world will be able to match. Umm…
Owning a home is a keystone of wealth… both financial affluence and emotional security.