Category Archives: Finance

We Won’t Get Fooled Again!

Q1 saw a 37.0 % decline to 4.6k in the number of new launches for Dubai off-plan sales, with an even steeper 46.0% fall in value at US$ 1.6 billion. Over the same period, ready property numbers and values were … Continue reading

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Gone Fishin’

Launched by Minor Hotels seven years ago, AVANI Hotels & Resorts has announced the signing of its third Dubai property – AVANI Hotel Suites & Branded Residences, a 48-storey tower, due to open in 2020. It will comprise 527 units, … Continue reading

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When Irish Eyes Are Smiling!

In a bid to “shape the UAE’s ever-evolving skyline”, Aldar and Emaar have established a US$ 30 billion JV to target a range of local and international projects, with the initial focus on two developments – Emaar Beachfront in Dubai … Continue reading

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Up Against The Wall!

To help finance its recently unveiled US$ 365 million Dorchester Collection project at Dubai Water Canal in Business Bay, Omniyat has signed a US$ 136 million loan facility contract with Ajman Bank. Similar agreements with the iconic London hotel brand … Continue reading

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It Ain’t Right!

Arabtec Holding has been awarded a US$ 116 million Damac contract to build 916 villas at the developer’s massive Akoya Oxygen project. Covering phase 6 of the development, work on the 148k sq mt site will be completed by the … Continue reading

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The Winner Takes It All

HH Sheikh Mohammed bin Rashid Al Maktoum announced this week that all federal government fees will not be increased for the next three years. According to his Twitter account, he commented that “we decided not to increase the federal fees … Continue reading

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Keep The Customer Satisfied!

There were reports that there could be changes, relating to the sale of future off-plan projects which could be beneficial for the consumer. A possible proposal was that off-plan projects would need to achieve 50% completion, prior to any sales … Continue reading

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