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Al Shaibani to Head Dubai Palm-Shaped Island Developer Nakheel

(Bloomberg) --Top government official Mohammed Al Shaibani will take over as chairman of the Dubai-based palm-shaped island developer Nakheel PJSC, replacing Ali Lootah. Al Shaibani,...
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dubai property market; uae real estate developers; property markets;

UAE Plans to Loosen Cap on Bank Lending to Property Industry

(Bloomberg) -- The UAE's central bank is working on new rules that will loosen the cap on bank lending to the struggling real estate industry. UAE...
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Andrew Love Cavendish Maxwell

The e-commerce impact: Beyond retail into real estate

We’ve been listening to news of an increasing number of stores announcing closures, citing unviable trading conditions in the face of heated competition from...
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Dubai’s Meraas, Brookfield to form $1.4bn retail-focused real estate JV

Meraas Holding plans to set up a joint venture (JV) with Canada’s Brookfield Asset Management to operate a retail-focused real estate platform in the UAE. The...
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dubai property market; uae real estate developers; property markets;

Dubai Forms Committee to Balance Property Market as Prices Slump

(Bloomberg) -- Dubai will set up a committee to balance property supply and demand as a slump in prices weighs on developers in the Middle...
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Sobha founder P.N.C. Menon

Dubai Property Developer Sobha Plans IPO Even as Prices Decline

(Bloomberg) -- Property developer Sobha LLC is planning an initial public offering of its United Arab Emirates business in 2022 even as a slump in prices weighs...
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Ithra Dubai’s Ei8hty Ei8ht development fully occupied

Ithra Dubai’s Ei8hty Ei8ht, located in Dubai Silicon Oasis, is now fully occupied with all residential units being let. Ithra Dubai, is a real-estate...
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emaar signage

Emaar Properties records strong half-year sales of AED 9.443bn

Emaar Properties reported one of the highest half-year sales in Dubai at AED 9.443 billion during the first six months of 2019. This is...
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Amlak Finance is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property slump; emaar uae

Dubai’s Top Developer to Team Up on $11 Billion Project in China

(Bloomberg) -- The developer of the world’s tallest tower in Dubai will venture out to China as property demand falters at home. Emaar Properties, the...
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dubai property market; uae real estate developers; property markets;

UAE Real Estate Developers Recover Amid Gloom as Traders Get Picky

(Bloomberg) -- Investors in the United Arab Emirates’s stock markets are marking a clear distinction on how they see some of the biggest listed real...
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