Tag Archives: Emaar

Damac has announced that it sold 85% of its luxury Věra Residences’ units on 04 November, the opening day of sale. The 30-storey tower is located in Business Bay overlooking the Dubai Canal. Only last month, the developer sold out … Continue reading →

This week, a US$ 736 million JV was announced between Dubai Airport Free Zone Authority and wasl Asset Management Group to set up Dubai CommerCity. Located on a 2.1 million sq ft plot in Umm Ramool, MENA’s first dedicated e-commerce … Continue reading →

HH Sheikh Mohammed bin Rashid Al Maktoum has launched the One Million Arab Coders initiative which he hopes (and expects) to equip young Arabs with fluency in coding and programming. The forward thinking Ruler sees coding as the language of … Continue reading →

Another survey notes the softening in Dubai’s realty sector and expectations that it will continue into 2018. Core Savills points to increased competition between older and new units and weak tenant demand as drivers for modest rental declines in Dubai. … Continue reading →

Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum launched the 5-day Gitex Technology Week on Sunday. Now in its 37th edition, the event hosted 4.1k exhibitors and 100k visitors from 70 countries; this is another example of how the emirate’s … Continue reading →

The latest Cavendish Maxwell report has pointed to a decline in both Dubai property sales and rentals in Q3 but an upturn in Q4 or early 2018 is anticipated. With regard to sales, villa and apartment prices dipped 1.4% and … Continue reading →

Jumeirah Beach witnessed two “smart” events this week. The first saw the Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, attend the maiden concept flight of the world’s first self-flying taxi service. The two-seater AAT (autonomous air taxi), … Continue reading →

On Sunday, Sheikh Ahmed bin Saeed Al Maktoum launched the operation of 50 Tesla electric cars to be used by Dubai Taxi Corporation’s limousine fleet. This is the first batch of a 200-vehicle order which are fitted with several components … Continue reading →

According to the latest Phidar report, Dubai real estate prices and rents are set to fall on the back of six-year low sales of completed properties and increasing vacancy numbers – quoted “at 35%, in preferred communities sampled”. It also concluded … Continue reading →

Cluttons has estimated that Q2 property prices dropped for the 12th consecutive quarter, with average prices falling 5.8% over the past twelve months and 14.0% over a three-year period. The real estate consultants also estimated that Q2 falls for apartments … Continue reading →