The rents are likely to slide further with anticipated handovers of key projects across the emirate, according to Asteco Dubai's real estate market is under pressure due to a continued decline in villa and apartment rental rates and sales prices during the second quarter, according to...

Decline in apartment sales was most prominent in Dubai International Financial Centre, Discovery Gardens and Dubai Sports City, says report Average villa and apartment sales prices fell by 4 percent during the second quarter of 2018, with an annual drop of 11 percent, according to Asteco....

Dubai's real estate market is under pressure due to a continued decline in villa and apartment rental rates and sales prices during the second quarter, according to Asteco, a leading property services company in the UAE. The rents are likely to slide further with anticipated handovers of key...

Dubai-based property developer Emaar said it will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbour, its six-sq-km mega-development, only 10 minutes from the Dubai International Airport and the iconic Burj Khalifa. The announcement coincides with...

DP World is currently present at six locations in India Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has closed the transaction to acquire 90 per cent stake in Continental Warehousing Corporation...

The development philosophies and policy objectives of our countries are similar, says Xi. ABU DHABI- Chinese President Xi Jinping has said that the UAE and China are geographically far apart and different in national conditions, but "both are proud to have an enterprising and creative...

Real estate-related services are subject to five percent VAT on the value of the service ABU DHABI - The Federal Tax Authority, FTA, has called on persons dealing with commercial real estate to apply the basic Value Added Tax, VAT, rate of five percent on all sales and rent of such...

The waterfront development draws its inspiration from the French Riviera waterfront lifestyle UAE-based Azizi Developers has signed up Arthur Mackenzy Properties Group, a leading US property investment and management company, for the sales and promotion of its famed Azizi Riviera project....

It improved the residents' purchasing power and quality of life The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents, lower government public service fees, freeze and reduction in school fees and, most importantly, rising strength of the dirham...

The Dubai-listed airline is also discussing the possibility of buying Boeing 737 and Airbus A320 jets Dubai – The UAE-based Air Arabia has announced plans to purchase new aircraft this week during the Farnborough International Airshow 2018 held in the UK, CEO Adel Ali said. The...