Coldwell Banker

2011 land valuation requests worth Dh99b
Dubai: The Land Department has witnessed a decline in the number of valuation requests for projects in the emirate, citing evidence of stability in the real estate market. The department’s Real Estate Valuation Committee said yesterday it...

Rent-an-island in Dubai: Prices start @ Dh500 per head
With good reason. His dream project – the Royal Island Beach Club, The World, on Dubai’s The World islands – finally opens to the public later this month. An Indian businessman, Ahmed has been in electronics trading business for the past 25 years....

60-70% owners are service-charge defaulters
Nakheel has not cutback on any services across any of its master communities despite the number of service charge defaulters ranging between 60 and 70 per cent, a senior company executive has revealed. “We haven’t cutback on any service across our...

Abu Dhabi rents tumble, broker commissions up
A few years ago, commission paid by new tenants to housing brokers in Abu Dhabi did not exceed Dh2,000. At present, the sum could reach Dh7,500. Most brokers in the emirates, many of whom are not authorised, have stopped viewing charges to the...

Top communities to recover in Dubai…
Recovery in Dubai’s residential real estate sector will be most evident in communities such as Emirates Hills, Meadows/Springs, Arabian Ranches, Downtown and The Palm over other areas, say experts. According to Charles Neil, Chief Executive Officer,...

Burj Khalifa dominates realty deals
Global icon Burj Khalifa, the world’s tallest building, dominated Dubai’s biggest residential real estate deals in 2011, occupying three among the eight biggest residential deals for the year, besides occupying the top two slots. The largest...

Top 5 places in Dubai to be a landlord in 2012
In the current real estate market in Dubai, Palm Jumeirah, Downtown Dubai, Arabian Ranches, Green Community and Dubai Marina/JBR seem to be the top five places to be a landlord in the city. According to experts, these communities score the maximum...

In Dubai: Apartments are investment; villas are holiday homes
f an apartment is for an investment purpose, a villa is a holiday home - this is how GCC nationals invest in Dubai’s realty market, says Cluttons. Although the real estate consultancy has witnessed a decline in enquiries from Europeans and Americans...

Emaar Properties unveils expansion of Dubai Mall
DUBAI - Emaar Properties, has announced an ambitious expansion of its flagship asset, The Dubai Mall, to add over 1 million square feet to the existing 12 million square feet development. The expansion to the mall, which hosted more than 54 million...

Al Reef units will add to rising inventory in capital
Abu Dhabi: Up to 1,482 units will be handed over by Manazel Real Estate at Al Reef Downtown beginning in April, putting further pressure on rental and sales values in Abu Dhabi. “The second phase of handing over of 347 units will start by the...

Al Barari scores high on green scale
Dubai: Now that the bricks and mortar are in place, the developer of the upscale Al Barari residential community is turning its attention to adding to its greening. “We are now in the preparation stages of Phase 2 which will see the completion...

Welcome reprieve for Emirati investors
Dubai: Emiratis were by no means alone in being hit by the plunge of Dubai’s property market, when both novices and experienced investors were stung by flipping one apartment too many. While analysts say there are no current figures to...

First club on Dubai’s The World to open soon
The first island on The World project is expected to get the final permit to open its shores for residents and tourists this week. The manager of the club, now rechristened, the Royal Island Beach Club, is confident of starting business before this...

Emaar Q4 profit jumps 161% to Dh716m
Emaar Properties on Tuesday said its net profit for 2011 dropped 27 per cent to Dh1.794 billion as compared to Dh2.448 billion for the previous year on lower revenues. However, there was no announcement of dividend by the property major in the...

Looking to buy a house in UAE? Here are 6 mistakes to avoid
Buying a house in Dubai can fetch good returns in the long-run but sometimes people end up with not so good deals because of some common yet avoidable mistakes they make. ‘Emirates24|7′ spoke to experts of real estate brokerage firms to...

Aldar reports Dh642.5m profit on land sales
Abu Dhabi Aldar Properties, Abu Dhabi’s largest real estate developer, yesterday reported a net profit of Dh642.5 million for 2011 financial year compared to a net loss of Dh12.6 billion a year earlier. “Revenue for the year increased to...

270 homes in Jumeirah to hit market soon
Jumeirah will see the release of 270 new housing units in the coming months as Dubai Real Estate Corporation (DREC) begins leasing for its Wasl Square project. The project, dubbed — the Jewel of Jumeirah — by the company, will have 140 apartments...

New Gardens project opens with 1,500 homes
Over 1,500 new apartments will enter the lease market this year just in The Gardens community, Emirates 24/7 can reveal. Leasing for four buildings in The Gardens Apartment project, owned by Nakheel, started in the second week of January. “We have...

Al Mazaya to build at The Villa
Al Mazaya Holding announced offering new residential plots for construction of 30 villas in The Villa which will be sold at a later date. Al Mazaya had decided to preserve these plots as part of the company’s assets to be sold when the demand in the...

Homeowners will manage their own buildings
In the coming few months, home owners in Dubai will get the right to manage their buildings and their finances. Interim owners associations will be able to open and operate bank accounts in the next few months with the Real Estate Regulatory Agency...