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Is this Dubai’s most expensive penthouse?
A 14,000 square feet penthouse at Bvlgari Resorts & Residences, Jumeirah Bay has sold for Dh60 million. Developed by Meraas, property deal was conducted by real estate brokerage, Luxhabitat, with the project due for completion by the end of 2017. The luxury...
Damac records Dh3.5b in H1, 2017 revenues
Damac Properties has reported a total revenue of Dh3.5 billion for the first half of 2017, a slight increase over the Dh3.4 billion recorded over the same period last year. The company's net profit stood at Dh1.6 billion for the first half of 2017. As of June 30,...
Dubai Land Department updates Ejari app
Dubai: The Dubai Land Department announced it has made further updates to its ‘Ejari’ smart application, which was launched to protect the rights of landlords, tenants, and property management companies. The latest updates will help minimise the time spent visiting...
Dubai Land Department announces DH132 b worth of real estate transactions for H1 2017
Dubai Land Department, DLD, has released its H1 2017 Transactions Report up until 30th June, through the Real Estate Research and Studies Department, announcing that total real estate transactions for this period reached a value of AED132 billion, achieved through...
Marsa Al Arab project near Burj Al Arab to feature two new luxury islands
Dubai Holding on Sunday revealed the new Dh6.3 billion Marsa Al Arab project, including two new islands either side of the Burj Al Arab hotel. The project, comprising hotels, theatres, retail space, a marina, a business district, residences and luxury villas, is aimed...
Revealed: Meydan Mall One to have world’s biggest dancing fountain work set to start
Meydan Group has revealed more details about its plans to build the Meydan One Mall in Dubai, which will feature the largest dancing water fountain in the world, measuring 400m in width and 100m in height. The centre point of the much anticipated Meydan One mega...
Dubai in line for world’s first rotating skyscraper
Dubai is full of jaw-dropping views from its myriad of skyscrapers, but for those who demand a fresh panorama without moving to a new home there could be a solution. First announced back in 2008 before being put on hold, Dynamic Architecture’s rotating skyscraper...
Al Futtaim Smart Mall | Jebel Ali
Mall competition in Jebel Ali is set to become more intense with Dubai’s Al-Futtaim breaking ground on its 78,500 sq. metre “smart mall” on Monday. The new mall will be part of the phase 1 of Wasl Gate mixed-use development, which will be home to more than 25,000...
XXII Carat – Palm Jumeirah
It may be a building site at present but Forum Group’s XXII Carat development, marked by an eight-foot-high gold hoarding, is attempting to lure the world’s super-rich. Positioned next to the One & Only hotel at the extreme end of Palm Jumeirah’s crescent, the 22...
Hajar Villas | DAMAC Properties
DAMAC Properties, a leading luxury real estate developer in the region, today launched Hajar Villas, Dubai’s first modern stone villas. Hajar Villas are a collection of premium, contemporary homes available in four-bedroom vacation homes, spacious three-bedroom homes,...
Dubai plans new rental security deposit refund forms
Dubai Land Department (DLD) is working to introduce a new rental security deposit form, which will ease the process of refund for tenants, a senior government official has said. At present, security deposit (generally a month’s rent) refund is limited to mutual...
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