Tag Archives: Emaar

Here We Go Again!

Here We Go Again!                                                                                           30 July 2020 A report by the Dubai Statistics Centre showed that the real estate sector’s Q1 growth was 3.7% higher, year on year, contributing 8.0% to Dubai’s GDP. In 2019, it was … Continue reading

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Love Is In The Air

Love Is In The Air                                                                                            13 February 2020 Luxhabitat estimated that last year 1.5k villas and 16.5k apartments were transacted in Dubai’s prime residential market, equating to a 23.0% rise in value to US$ 11.5 billion. Taking in the overall … Continue reading

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Back Home Again

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a US$ 8.7 billion nationwide project for the construction of 34k housing units for Emiratis over the next five years. He has also ordered that the value of the salary ceiling … Continue reading

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Look Away

Ithra 13 is to launch a major upgrade in Dubai’s historic gold and jewellery business location, the Deira Gold Souq. Situated between the existing Gold Souq and the Creek’ “District 13” will be a major project for Deira, part of … Continue reading

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End Of May

In a move to tap into the ever-growing Chinese market, Falcon City of Wonders has launched a new villa development – Eastern Residence will be a gated community of 680 LEED Gold certified villas, with starting prices at US$ 845k. … Continue reading

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Cruel Summer

A week after winning a Damac US$ 140 million contract to build tower 3 in its Aykon City development, China State Construction Engineering Corporation has snared another bigger deal, totalling US$ 351 million, awarded by Emaar. The project is to … Continue reading

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God Only Knows

China State Construction Engineering Corporation has been awarded a US$ 140 million Damac Properties contract to build tower C of Aykon City, part of the developer’s US$ 2.0 billion project overlooking the Dubai Canal. CSCEC also won the contact for … Continue reading

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Slippin’ and Slidin’

Anybody with US$ 22 million to spare can become the proud owner of Lebanon, a 420k sq ft island, located in Nakheel’s The World Islands. This comes complete with chalets, a swimming pool, two beaches and a restaurant. Currently owned … Continue reading

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Respect

There is very little local financial news this week because of the Eid Al Adha celebrations. Most government offices have been closed all week, as banks and the Dubai Financial Market opened only on Sunday to then shut down for … Continue reading

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Only a Pawn In Their Game

The Radisson Hotel Group has signed an agreement to manage the luxury hotel currently under construction in the DAMAC Hills Development. The 481-key luxury property, which includes 1-2 B/R suites, will be completed by the end of 2019. The international … Continue reading

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