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Affordable homes in UAE: Not there yet

new units slated for completion

Projects with smaller ticket sizes are still in the minority. Dubai was once synonymous with luxury real estate. The city has come a long way today, with products catering to different segments of the market. Affordable housing has gained momentum in Dubai. However, high loan-to-value ratios still make it hard for middle-income end-users to get…

Dubai developer picks Jebel Ali for low-cost rental homes

jebel ali

Dubai: The government-owned developer Ithra Dubai has confirmed plans to build a rental community in Jebel Ali targeted at those earning in the Dh5,000 plus a month range. The master plan is being finalised, but the location would be near Jebel Ali Port. “We are taking this on as a pilot project — but the…

Climate-controlled marina, freehold in Madinat launched at Cityscape

Top UAE developers introduced their own interpretations of luxury waterfront living as life on the beach emerged as a unifying theme among the key developments launched during the first day of Cityscape Global on Tuesday in Dubai. One of the big opening-day announcements was a waterfront community development called Marsa Meydan in Jebel Ali by…

Dubai’s Deira will be wearing a new look as part of a mega-project

Deira

Dubai: The first phase of a development that will see either side of Hyatt Regency in Deira being completely transformed over the next 15 years has been officially launched. Government-controlled Ithra Dubai will be overseeing the “Deira Enrichment Project”. Phase 1 involves 36 plots from Hyatt Regency and stretching all the way to Shindaga Tunnel,…