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Tag Archives: real estate

SCA to investigate Abraaj for local investor impact

The UAE’s Securities and Commodities Authority (SCA) is investigating whether any local investors are affected due to the current financial problems being faced by the private equity firm Abraaj, according to a top executive. Dubai-based Abraaj is currently facing allegations that investment funds were misused, specially that it commingled about …

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Aldar to buy Saadiyat Island assets in Dh3.7b deal, one of UAE’s largest property acquisitions

The consolidation moves in UAE’s real estate sector continues with Aldar Properties acquiring Dh3.7 billion worth of assets from Abu Dhabi’s other master-developer Tourism Development & Investment Co., developer of the Louvre Abu Dhabi. This is rated as “one of the largest real estate acquisitions in the country” and expected …

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Sharjah realty boom is taking off

In Sharjah, there is no such thing as difficult market conditions when it comes to selling property. Freehold and long-term leasehold sales have been on the up all through 2017 and developers are just as willing now to keep the supply pipeline humming with new launches. “Since September 2017, there …

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Ask PW: Real estate disputes

We bought an off-plan property three years ago. Recently we got to see the show villa and discovered that there were changes made to the floor plan without our consent. There are a few other differences between what is promised in the brochure and on the website against what is …

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Dubai Property Show heads to Mumbai

Dubai Land Department is taking its Dubai Property Show to Mumbai for the third year running. Indian citizens have long been the largest non-GCC buyers of Dubai property, the Land Department said in a press statement. Land Department Director General Sultan Butti Bin Mejren said, “Indians have long since understood …

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