• Dubai’s Nakheel to pay $2.1 billion in debt early

    FILE – In this file photo taken Monday Oct. 5, 2009, a visitor looks at the Palm … DUBAI, United Arab Emirates (AP) — Dubai’s developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month — nearly four years before the last installment is […]

  • Dubai developers facing delays amidst influx of new launches

    A prominent Dubai developer has claimed the number of developments recently announced in the emirate has caused a backlog in the approvals process and months of delays. Indigo Properties had been planning to launch its new Zen master development near Arabian Ranches in May but is still unsure whether it will be approved in time […]

  • GCC nationals invest Dh19b in Dubai realty in first half

    Emirati investors top with 2,513 transactions worth Dh12.568b.        Investment by Gulf Cooperation Council (GCC) nationals in Dubai’s real estate market exceeded Dh19 billion during first half of 2014, the Dubai Land Department, or DLD, announced on Tuesday.UAE nationals accounted for a major share of this investment, according to the report issued by the DLD’s Research […]

  • Which GCC nationality most active in Dubai property market?

    Investment by UAE nationals in Dubai’s real estate market touched Dh12.5 billion in the first half of 2014, making them the top Gulf Cooperation Council (GCC) investors, according Dubai Land Department data. Investors from other GCC countries — Bahrain, Kuwait, Qatar, Oman and Saudi Arabia — pushed in another Dh6.5 billion, taking the total investment […]