Dubai Property News

Dubai is to get its first residential lifestyle gated community that will include a desert botanical park with camping facilities, sand surfing, camel riding trails and rock climbing.The mega project announced by developers Emaar Properties, called Reem Desert Oasis, will also feature interactive fountains, walkways, mosques, a retail plaza, residents’ club, restaurants and cafes, nurseries [...]

Talks are to take place over the next few months about proposals to limit mortgages for foreign buyers in the United Arab Emirates, it has been confirmed. New lending rules issued by the UAE Central Bank were due to have come into force last month but they have been put on hold as a result [...]

Rental rates for apartments and villas in Dubai saw marginal increases of 2% and 3% in the second quarter of this year, a new report shows. The rise is generally due to the lack of a certain unit type, whether that is larger apartments such as three bedroom units in towers or smaller townhouses in [...]

The residential property market in Dubai is recovering with prices and rents increasing but in neighbouring Abu Dhabi it is a different story as new supply floods the market. The latest market reports from property consultants Asteco show that it is a case of a tale of two cities as each one is experiencing very [...]

A more positive economic outlook and improved employment prospects are set to boost demand for residential real estate this year in Dubai, it is claimed. The emirate’s economy is expected to grow by 4.5% in 2012, up from an estimated increase of 3%, according to Sheikh Ahmad Bin Saeed Al Maktoum, chairman of the Dubai [...]