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UAE - Al Fara'a Properties hands over award-winning 'Le Grand Chateau' project ahead of 2010 deadline

Al Fara'a Properties, a member of the Al Fara'a Construction, Property and Industrial Group, has announced that the handover of units within its AED 225 million inaugural residential development - 'Le Grand Chateau' (LGC) is complete, well ahead of the 2010 deadline set for the project's delivery.

45 per cent of projects planned in the Gulf currently under construction in UAE

Forty-five per cent of projects planned in the Gulf, which have a total value of USD 930 billion, are currently under construction in the UAE, according to recently published reports, thereby asserting the country’s leading position in terms of developments and project activity in the region.

UAE developers in ‘race to gain supremacy’

UAE real estate developers are in a race to establish their standing, according to a report which analyses PR activities of the UAE’s top eight developers and the real estate sector in the UAE media.

Real estate developers to seek permission of ARRA before canceling deals in Ajman

According to Emirates Business, property developers in Ajman will not be allowed to arbitrarily cancel any sales and purchase agreements (SPAs) and will have to seek permission from the Ajman Real Estate Regulatory Agency (ARRA). According to SPAs signed previously between the developer and the investor, the former has the right to forfeit the property of the latter if he/she fails to meet payment deadlines.

UAE investments in UK

Suzanne Fenton Gulf News 05.08.2009

Property Prices in the Emirates on the Rise

Offplan Property Exchange 29.07.2009
UAE investments in UK

Dubai: The UAE has diversified its investment portfolio in recent years by plunging billions of dirhams into a variety of UK assets.

Property Prices in the Emirates on the Rise

Those with property investment and property management interests in the UAE may welcome research from HSBC which shows that property prices are rising in the emirates.

Development Bank to begin operations in 2010

Mohammed Elsidafy Business24|7 23.07.2009
Development Bank to begin operations in 2010

A committee assigned to set up the Emirates Development Bank will complete its mission in three months, paving the way for the bank to begin operations from 2010, according to the Ministry of Finance.

Coldwell Banker UAE opens at Dubai Marina

Mohammed Abdullah, Chairman of Coldwell Banker Intercontinental Affiliates, believes that this venture to expand is a step towards ensuring the brand's presence in the market.

UAE mortgage defaults jump 25 pct in H1

Maktoob Business 21.07.2009
Coldwell Banker UAE opens at Dubai Marina

With the recent opening of the Coldwell Banker UAE head quarters in the prestigious Downtown Burj Dubai in October 2008, as well as establishing a presence at the Arabian Ranches community centre, this global real estate brand would, yet again like to announce their newest location at the Dubai Marina.

UAE mortgage defaults jump 25 pct in H1

UAE mortgage defaults shot up close to 25 percent in the first six months of the year, local daily Emirates Business reported on Monday, citing analyst estimates.


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