Coldwell Banker

19 February, 2012
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...

19 February, 2012
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...

19 February, 2012
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...

12 February, 2012
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...

12 February, 2012
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...

12 February, 2012
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...

12 February, 2012
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...

12 February, 2012
Trump and Alain to attend Dubai conference
Dubai: Property tycoon Donald Trump and Robert Alain (also known as Spiderman) will attend a conference in Dubai which will dissect issues confronting the region’s facilities management industry. Alain earned his moniker after scaling more...

12 February, 2012
Starting a business is all about location
An optimal location for a company searches and identifies those locations that are compatible with its needs and objectives. Generally, this means the firm will attempt to maximise opportunity while minimising costs and risks. The UAE, with its...

12 February, 2012
Nakheel told to pay contractor Dh58m
Dubai: A contractor has won almost Dh60 million from developer Nakheel for work completed in an unfinished contract to construct 31 residential buildings in Discovery Gardens. The Dubai World Tribunal (DWT) agreed that Technical Architects General...

05 February, 2012
Abu Dhabi real estate deals hit Dh43b last year
Abu Dhabi: Nearly Dh43 billion worth of real estate transactions were made in the capital last year, Abu Dhabi Municipality announced yesterday in a statement. This included Dh3.7 billion worth of land sales as well as mortgage transactions of about...

05 February, 2012
Further laws needed to attract investment
A straw poll of business leaders in the region suggests that it took anything between one to three months for the contagion of the global financial meltdown to make its way from the epicentre, Wall Street in New York, to the warm shores of the...

05 February, 2012
New jobs to help property recovery
Creation of more jobs in the UAE will aid in recovery of the real estate market, believes a property expert. “Creating more jobs is the key to the recovery of the real estate markets in both Abu Dhabi and Dubai,” Craig Plumb, Head of Research Mena,...

05 February, 2012
Dubai to have 23,000 new homes this year
Nearly 23,000 new housing units will enter Dubai’s market this year while around 18,000 are expected in Abu Dhabi to put further downward pressure on rents in the two emirates, a newspaper reported on Monday. At least 13,000 housing units were...

05 February, 2012
Oceana service charge approved
Asteco Property Management has reported that Dubai’s Real Estate Regulatory Authority (Rera) has approved the 2012 service charge budget for its Oceana residential and resort community on The Palm Jumeirah, Dubai. Commenting on the...

05 February, 2012
Property prices to bottom out in mid-2012
Residential property prices in Dubai are expected to maintain their downward trend to reach new lows in mid-2012 but they are not expected to rebound soon due to heavy supply, according to a Kuwaiti investment bank. In Abu Dhabi, prices are expected...

05 February, 2012
Dubai property boost: Santevill project gets finance for completion
A stalled project in Business Bay is likely to be among the few projects to be restarted under the Tanmia initiative of the Dubai Land Department, Emirates 24/7 has learnt. A semi-government entity has agreed to invest money to help complete the...

05 February, 2012
Access cards, CCTV for Discovery Gardens
Residents in Discovery Gardens can breathe easy for now as Nakheel, the master developer of the community, is still pondering what action it will take against apartment owners who have defaulted on service charges. “We continue to pursue our rights...

01 February, 2012
Why Coldwell Banker?
We've been in real estate since 1906. With a global referral network that surpasses any other real estate services provider, we stand firm on the belief that our years of experience along with the valuable relationships we have built along the way...

24 January, 2012
Shaikh Zayed Road units elusive no more
Most major cities in the world have one particular strip of road, a main thoroughfare, so to speak, which is considered the city’s lifeline. It could be the business hub where most major banks, corporate entities and firms have their head...