Real Estate

Union Properties

How to Avoid Unfair Property Taxes; Top 10 Highest Property Tax Counties

The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions of homeowners are unknowingly paying too much property tax.

Union Properties finalizes the sale of Ritz Carlton Hotel at DIFC

Union Properties PJSC (UP), one of the leading property investment developers in the UAE and the recipient of the Superbrands award for 2009, has announced that the terms of the Sale and Purchase Agreement (SPA) relating to the sale of one of its hotels, the Ritz Carlton, DIFC, have been agreed upon and the contract has been signed by both parties.

Dubai property prices to 'trough 70% down on peak'

A report on the UAE property sector has concluded that prices for residential property in Dubai may bottom out at between 57% and 70% from the peak levels seen in Q4 2008. The report also downgraded Emaar and Union Properties from a 'Neutral' rating to 'Sell'.

Dubai developer struggling to raise cash for F1 Park

The third largest property developer in Dubai is seeking a government bailout for its Formula 1 theme park as it cannot secure funding to finish the project.


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