Coldwell Banker

Dubai building permits totalled 22,243 in 2012
11,723 are under construction; figures indicate revival of construction industry in the emirate. The Building Department of Dubai Municipality last year permitted to construct 23,243 buildings in Dubai, indicating the revival of the construction...

On track: Dubai Metro gets 123 new stores
179 outlets already up and running at stations. The Rail Agency, Roads & Transport Authority (RTA), has recently announced the renting of 123 retail outlets in the stations of the Red and Green Metro lines to leading businesses in the UAE,...

The world’s most beautiful garden ­­— in Dubai
Featuring over 45 million flowers in stunning designs and breathtaking shapes ­­— you’ve not seen anything like Dubai Miracle Garden. Dubai: A riot of colours as far as the eye can see. A long perimeter wall and four kilometres of pathways decked...

Hundreds line up in India to buy property in Emaar’s Dubai projects
Emaar’s sales outreach in India for Dubai-based properties. Dubai-based Emaar Properties said in a statement on Tuesday that it has recorded strong investor response for its Dubai-based projects at a special two-day roadshow which opened in Mumbai...

Emaar service fee: Springs up, Meadows dip
Property owners in Springs will pay Dh2.29 per sq.ft. of plot area as community service charge, a hike of 1.3% over last year’s Dh2.26. Emaar Properties, Dubai’s largest developer, has marginally hiked service charges for the Springs community, but...

Work on Jumeirah island begins
Meraas’ ‘Island 2′ will house a high-end boutique resort Reclamation work has commenced on Meraas Development’s “Island 2 “project off Jumeirah which will house high-end boutique resort, low-rise apartment buildings and a...

Office rentals on Shaikh Zayed Road start to inch up
Dubai Age is emerging as the key factor in deciding the rents that the high-rises on Shaikh Zayed Road – Dubai’s original Central Business District (CBD) – can now command. A clear gap, real estate sources confirm, is building between the...

Dh6b tourism project in Dubai unveiled
Valued at Dh6 billion, the destination will be located off the Jumeirah Beach Residence coastline and is poised to emerge as one of the largest tourist hot spots in the world. Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum,...

Dubai Sports City sees occupancy rate of 80% in finished projects
Silver Heights, the sales arm of Orion Holding, the leading real estate developer in the UAE, has launched an attractive programme for buyers in Olympic Park, a real-estate project it is marketing in Dubai Sports City. The programme offers buyers...

Investors brave overnight chill to snap up Emaar’s new units in Downtown Dubai
Investors have been queuing outside Emaar Properties’ Dubai sales office since Monday night as Dubai’s largest developer is set to release a select number of units in Downtown Dubai today. Unlike the previous occasions when potential buyers had to...

Revealed: Top investors in Dubai real estate 2012 – and guess how much they spent?
UAE nationals top the charts, buying Dubai property worth Dh13 bn in 2012. UAE nationals topped the list of investors in Dubai’s real estate in 2012 while Indians came second in the list of top property buyers, Dubai Land Department (DLD) data...

Nakheel’s beachfront project on Dubai’s Palm Jumeirah sold out
33 studios were priced at Dh1.1m; Project to be handed over by 2015. The 33 studio apartments in the Club Vista Mare, a beachfront residential and recreation project on the Palm Jumeirah, were sold out on the launch day itself with investors paying...

Dubai, Emirates to launch new global tourism push
Tourism chiefs in Dubai and Emirates Airline have announced plans to launch a new campaign to promote the emirate as a global destination. A joint cooperation between the Department of Tourism and Commerce Marketing and Emirates Airline will launch...

Nakheel to begin leasing mall space to retailers by end of February
Big turnout of major retailers invited to view video of mall and discuss plans. Dubai: Nakheel will begin leasing the first zone in its Nakheel Mall by the end of the month and inviting construction bids before the middle of the year, company...

GCC nationals and foreigners can form partnerships without Emirati sponsorship
Investors will be required to move the headquarters of the business to Dubai. Dubai: Dubai has allowed partnerships between GCC investors and foreigners without Emirati sponsorship, on condition that investors finance projects through capital...

Emirates Banking Association to submit mortgage cap suggestions
Central bank expected to make its decision by second half of 2013. Dubai: The Emirates Banking Association (EBA) will submit its recommendations on mortgage caps to the UAE Central Bank, to lower the threshold of homeowners’ downpayment or equity...

Fashion show on Dubai Metro on Wednesday
Express Fashion takes a ride on Dubai Metro. Dubai: This year’s Dubai Fashion will move the fashion industry literally with the ‘Express Fashion’ where models will take to the catwalk aboard a moving Dubai Metro train on Wednesday. The...

Dubai’s urban landmass pushing past 64%
Survey by municipality reveals huge scope for growth outside city limits. Dubai: Dubai continues to seek out room for more development projects even as a civic body survey shows that more than 60 per cent of Dubai city is either covered by...

Landlord fees must be justified
Administrative fees can be charged by property companies, Rera says. Dubai: The Real Estate Regulatory Authority (Rera) in Dubai has clarified that tenants can be charged over and above the mandatory Dh160 in government fees to renew their tenancy...

No mortgage cap: UAE Central Bank
Governor Suwaidi says it is working on new cap system to be enforced in 9 months. The Central Bank has ended controversy surrounding new caps on banks’ mortgage credit in the UAE, saying it has not yet enacted any laws in this respect. Central Bank...