News
The luxury property market in Dubai is close to bottoming out. However, there are certain sub-markets where there is more room for prices to fall further. “In certain markets, this is certainly close to the bottom, however, there is still some room for prices to decrease. In locations such as the Palm Jumeirah villa market,…
Aldar Investments Properties, a fully owned subsidiary of Abu Dhabi’s biggest-listed developer Aldar Properties, raised $500 million (Dh1.84 billion) through the sale of its debut Shairah-compliant bonds to refinance existing debt. The seven-year fixed rate US dollar-denominated sukuk was more than twice oversubscribed by bond investors, Aldar said Wednesday in a bourse filing to Abu…
Sparkle Towers, a residential project being built in Dubai Marina in a deal with crystal giant Swarovski, will be showcased next month at Cityscape Sparkle Towers, a residential project being built in Dubai Marina in a deal with crystal giant Swarovski, is nearing completion, according to project advisors. Recently-founded Devmark, a business created with the…
Rental rates, sale prices of commercial and residential properties dip in Q3 The property landscape in the UAE will get a much-needed stimulus if the Central Bank of the UAE lowers existing loan-to-value (LTV) ratios to facilitate home ownership for those unable to afford the current mortgage deposit requirements, according to experts. Real estate professionals…
Owning a home is a keystone of wealth… both financial affluence and emotional security.