Entries by Anna

Indian Developer Starts Working on New Residential Complex Named Gemini Splendor in Dubai

Gemini Property Developers from India has lately initiated construction works on the first residential complex named Gemini Splendor, which is to be the first one in the series of residential projects in the Gulf countries. The new complex will comprise 134 residential objects, namely, two-, three- and four-bedroom apartments, as well as townhouses and penthouses. […]

Dubai Land Department Ready to Form New Rental Prices

In recent years, Dubai is very popular among investors who want to capitalize on offering their property for lease. In some areas of the metropolis rental prices are really high for both residential and office space. That is why the Government of Dubai decided to revise the lease pricing system in the emirate. In the […]

Number of Dubai Property Deals Rise by 11%

Recently, Dubai analytical agency Chesterton MENA published its report on property deals covering the first quarter of 2016. As of the company, if compared to the previous 3 months, the number of real estate transactions has risen by 11%, which amounted to USD 7.3 billion. Thus, the property owners’ profit in the lease sector was […]

Second Highest Skyscraper in Dubai Marina 101 Promised To Be Commissioned This Year

This year in the near future it is expected putting into operation the second highest residential tower in Dubai (after Burj Khalifa) titled Marina 101. The information has been lately delivered by architectural company National Engineering Bureau (NEB) which is responsible for the project. Pursuant to NEB Head Jamil Jadallah, the construction of the residential […]

Shares Of Arabtec And Emaar Greatly Increased In Price

To date, the value of shares of such Dubai developers as Emaar and Arabtec rose in price by 86% and 46% respectively, and the value of the shares of another major developer Union Properties has increased by 46%. It was also noted an increase in the number of transactions with real estate in all locations […]