Tag Archives: Majid Al Futtaim

Speaking Words Of Wisdom, Let It Be!

After last week’s announcement it was to invest US$ 8.2 billion on local real estate, Majid Al Futtaim Properties has confirmed that part of the money would be spent on a mixed-use development, adjacent to Global Village. Encompassing 750k sq … Continue reading

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The Times They Are A Changin’

Property developer Nakheel has defended its right to increase villa extension application fees which, in some cases, have risen quite dramatically. Prior to September 2014, the standard tariff ranged from US$ 41 per sq ft in its Jumeirah Village development … Continue reading

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Won’t Get Fooled Again

This week, HH Sheikh Mohammed bin Rashid al Maktoum approved a US$ 136 million plan to build a 1.4 km bridge from JBR to the upcoming Bluewaters Island, with further access by footbridge and monorail.  The US$ 1.6 billion project, … Continue reading

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Back In The USSR

Knight Frank’s 2014 Wealth Report shows that Dubai had the seventh biggest annual increase in the global prime luxury market. At 17.0%, it was a lot lower than the likes of the top three – Jakarta, Auckland and Bali at … Continue reading

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Up, Up and Away

Emaar released their 2013 results this week with a 21.3% jump in profits to US$ 698 million on a 25.2% rise in revenue to US$ 2.81 billion, of which its retail and hospitality sector accounted for 46%. The developer sold … Continue reading

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Don’t Cry For Me Argentina

Reporting season is in full flow with four major Dubai banks announcing their 2013 results. The emirate’s largest lender, Emirates NBD, witnessed a 27% jump in profits to US$ 888 million along with  loans up 9% to US$ 64.9 billion … Continue reading

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Bring It On!

Some analysts speak of a glut in the residential market but with the current major population influx, it is difficult to agree when only 9.7k units came on stream in 2013 and an estimated 28k coming to the market this … Continue reading

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Reason To Believe

The property boom continues unabated with May seeing a jump in prices of 2.01% over the previous month – with apartments and villas up 2.13% and 1.56% respectively. On an annual basis, the trend was similar at 17.3% and 12.2%. … Continue reading

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Don’t Turn Around

The on-going mortgage lending saga took another turn this week with reports that the Central Bank Governor, HE Sultan Nasser Al Suweidi, has advised that changes to the mortgage cap were not imminent and would not go ahead without consultation … Continue reading

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Send In the Clowns

Only two weeks since the announcement of MBR City, its first project has been revealed. Dubai Hills, being developed by a JV between Emaar Properties and Dubai Holdings, will be on similar lines to the hugely successful Emirates Hills with … Continue reading

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