Coldwell Banker

Emaar Properties and Dubai Holding launch first project in MBR City
Dubai: Emaar Properties and Dubai Holding have launched Dubai Hills, a gated golf-course community, which will be the first project in the recently announced Mohammad Bin Rashid (MBR) City, the developers said yesterday in a joint statement. The...

Dubai announces Mohammed Bin Rashid City mega-development
Mohammed Bin Rashid City will encompass sprawling parkland, the largest shopping mall in the world, and will include more than 100 hotels, golf courses, a hub for the arts and centres to develop small businesses. The announcement was made by Sheikh...

Dubai property market top-value magnet for security-seeking Mena investors
Investors from the Middle East and North Africa (Mena) region are keen on buying real estate in Dubai due to its international appeal, transparency and legal structure, according to a new survey. Jones Lang LaSalle’s (JLL), in its seventh Mena...

Mohammed bin Rashid announces MBR City
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region. Comprising...

Tourists buy into Dubai’s 24-hour shopping trend
Dubai: Residents and visitors welcomed the ‘Dubai 24 Hours’ shopping initiative launched on Thursday as part of the two-week ‘Eid in Dubai’ celebrations. A directive from His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime...

Tourists buy into Dubai’s 24-hour shopping trend
Dubai: Residents and visitors welcomed the ‘Dubai 24 Hours’ shopping initiative launched on Thursday as part of the two-week ‘Eid in Dubai’ celebrations. A directive from His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime...

Tourists buy into Dubai’s 24-hour shopping trend
Dubai: Residents and visitors welcomed the ‘Dubai 24 Hours’ shopping initiative launched on Thursday as part of the two-week ‘Eid in Dubai’ celebrations. A directive from His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime...

Dubai property owners want 2-year visa rule for investors revised
Emirates24|7′ had reported that owners of property valued over Dh1 million and having no mortgage on it can approach the Dubai Land Department with the title deed along with a passport copy and passport size photograph in order to start the...

Dubai moves to ensure developers care, answer investor queries
We kindly ask all real estate developers to review and share their opinion on the draft Code of Corporate Governance for Developers,” the department has said recently. This website reported in 2011 that the Land Department was likely to make...

291 stalled projects likely to qualify for restart
165 projects have been completed since 2009 beginning A total of 291 projects are on hold in Dubai as of March 31, 2012 - but are likely to see the light of day. Each of these 291 registered projects are likely to qualify for either the Tayseer or...

90% funding of ready UAE is back
The war in the home loan turf is no longer restricted to just interest rates, UAE banks have now upped the ante on their loan-to-value (LTV) ratio. Last year, banks were not willing to offer between 70 and 75 per cent finance on ready properties,...

Estate agents prepare for a busy summer schedule
Dubai It will be a busy summer for Dubai’s real estate broker fraternity. Some of the leading agencies are adding more personnel and, in some instances, expanding their office premises. There has also been an instance of a new estate agency...

Istithmar World acquires Kerzner’s 50% stake in Atlantis hotel
Abu Dhabi: Istithmar World, a subsidiary of Dubai World, yesterday announced that it had bought out Kerzner International Holdings Limited’s 50 per cent stake in Atlantis, The Palm for $250 million (Dh918 million), becoming the sole...

Dubai deal on underwater hotels and floating cities
Drydocks World, the shipbuilding arm of Dubai World, said on Wednesday it has signed a deal with Big Invest Consult, a Swiss company, to develop underwater hotels and floating cities. The deal was inked at the Annual Investment Meeting held at the...

Dubai tenants: Expect a 5% hike on rent by year-end
Tenants in Dubai can expect to pay another 5 per cent more on their rents from the current rate. This is in addition to a 15 per cent hike already witnessed over last year, according to an expert with a leading real estate brokerage company. “Real...

Landlords want new rent cheques as banks ‘bounce’ old ones
Landlords have put up notices in their buildings, asking tenants to replace the old rent cheques issued last year, as banks have stopped accepting them. “Kindly bring new cheques as old cheques are no longer being accepted by our bank,” said a...

Four of world’s tallest residences in Marina
Within a few metres of each other in Dubai Marina, stand the world’s three tallest residential towers. A fourth is in the same area, but a few hundred metres away. The 107-storey, 414-meter Princess Tower currently holds the title of world’s tallest...

Know your rights: By how much can rent be hiked in Dubai?
Rents are going up in Dubai and are likely to go up further by the end of the year. Many residents in Dubai, who were breathing easy as rents came down, fear a repeat of 2008, when greedy landlords would jack up the rents arbitrarily. However, this...

Developer Tamouh expects 2014 completion of City of Lights
Abu Dhabi Reem Island developer Tamouh will deliver its City of Lights project comprising 13 buildings including one commercial tower by 2014, a senior company executive told Gulf News. “We plan to deliver eight buildings on Reem Island in...

Emaar’s income jumps as sales surge
Abu Dhabi: Real estate developer Emaar Properties, builder of the world’s tallest tower, said yesterday its fiscal first-quarter profit rose 44 per cent on increased sales of properties in Dubai, delivery of homes in Egypt, and strong revenue...