Dubai rents increasing at the fastest rate in eight years, says study
A recent survey revealed that residential rents in Dubai are increasing at the fastest rate since late 2014. The total volume of transactions in Dubai’s residential market reached 5,542 in May 2022, up a whopping 33 per cent from a year earlier. According to the June 2022 edition of the ‘Dubai Residential Market Snapshot’ report […]
Azizi awards Hyundai lifts’ installation contract for Riviera project
UAE-based Azizi Developments has signed an agreement with Bin Ham North Ocean Elevators for the supply, installation, testing and commissioning of premium Hyundai elevators for the third phase of its flagship waterfront community project, Riviera, in Dubai. Bin Ham North Ocean Elevators has been the exclusive distributor of Hyundai lifts in the UAE for nearly […]
Arada starts delivery of Sharjah lifestyle community units
UAE-based developer Arada has started handing over homes in the sixth and final phase of Nasma Residences, the integrated community within the Al Suyoh district of New Sharjah. Home deliveries are currently underway for 124 units in the final phase of the Nasma Residences masterplan, which consists of 1,117 homes from two-bedroom townhouses to five-bedroom […]
Samana starts delivery of 202-unit Dubai residential project
UAE-based Samana Developers has handed over a AED100 million ($27.2 million) residential project, Samana Hills located in the heart of Arjan community in Dubai. The resort-style G+5 free-hold property comprises a built-up area of 100,000 sq ft and houses 202 units featuring a mix of studios, one- and two-bedroom apartments. Speaking at the handover ceremony, […]
UAE law: 12-month notice must to evict a tenant
Question: I purchased a villa in Dubai in February 2022. The property was occupied by a tenant since August 2020. He has a tenancy contract with the previous landlord till August 2022 (signed in August 2021). This contract does not look like it has been registered. As we intend to move to the property, we […]
Eqarat deploys Yardi solutions to streamline GCC operations
Eqarat.com, a property management company and a subsidiary of The Gate Holding, has gone live with the residential suite of Yardi, a key provider of software solutions for the real estate industry, after its successful implementation. The company currently manages multiple mixed-use buildings consisting of 1,000 units and after expanding its operations into the […]
Al Zorah to develop 21 beachfront luxury villas in Ajman
The Al Zorah Development Company, a joint venture between the Ajman government and Solidere International, has unveiled plans for the development of 21 exclusive villas on Al Zorah’s beachfront in the emirate of Ajman. Designed with families in mind, the development comprises 21 private, ultra- luxurious villas with uninterrupted sea views, nestled within a secure, […]
Danube launches new project, offers to process Golden Visa to investors
Danube Properties on Tuesday launched Dh350 million pyramid-shaped architecture Gemz in Al Furjan which comes with 30 amenities. The company’s 16th project, which houses 270 apartments, comes with unique convertible layouts that allow one bed-room unit to be made into a 2BHK and 2BHK into a 3BHK and most of its apartments come up with […]
Danube launches new 270-unit residential tower in Dubai
Danube Properties has announced the launch of Gemz, a AED350 million ($95.2 million) luxurious residential project in a pyramid-shaped architecture, offering spacious homes and floor plans with unique convertible layouts – so much so that a one-bed apartment can be made into a two-bed unit and the same can be turned into a three-bedroom […]
Daytona Real Estate streamlines operations with Yardi Platform
Daytona Real Estate, a leading Dubai-based group that specialises in leasing and property management, has signed up Yardi, a key provider of software solutions for the real estate industry, to manage its residential portfolio. As per the deal, the company will implement Yardi Voyager to centralise property management and accounting; Yardi Fixed Assets to […]