Dubai News

Dubai to Build Mega Theme Parks

Dubai to Build Mega Theme Parks

Dubai lays foundation for the mega theme parks in Jabel Ali inspired from India’s Bollywood. It will be the first phase of Dubai Parks and Resorts master development in Jabel Ali. There will be Middle East’s first Lego Land park and world’s seventh. The third one would be Motiongate Dubai featuring Hollywood dream factory, having […]

Al-Futtaim Group Launches Expansion Plan for Dubai Festival City

Al-Futtaim Group Launches Expansion Plan for Dubai Festival City

Al-Futtaim group owned Dubai Festival City launches expansion plan phase two that will create more retail space and F&B outlets facing Dubai Creek. There will be a large Festival Square with dining locations facing waterfront. On the other hand, Dubai Mall and Mall of the Emirates are also going under major expansion work. The expansion […]

Nakheel Appoints Consultant to Build Two Million SQFT Mall at JVT

Nakheel Appoints Consultant to Build Two Million SQFT Mall at JVT

Nakheel appointed engineering consultant to build two million square feet mall at Jumeirah Village Triangle. It was announced in a press release sent by Nakheel on Monday 25 August. According to Nakheel, “Nakheel’s two million square foot shopping, dining and entertainment hub at Jumeirah Village Triangle (JVT) moved a step closer today, with the appointment […]

No Artificial Rent Hikes are Allowed in Sharjah

No Artificial Rent Hikes are Allowed in Sharjah

According to latest updates from Sharjah Municipality, residents are advised to report any artificial increase in rents by landlords. There are many reported news for artificial rent hikes in many areas of UAE after Dubai Expo 2020 announcement. According to Gulf News report, Sharjah Municipality says that it is not allowed by law for landlords […]

Damac Invests $513m to Buy Plot from Dubailand

Damac Invests $513m to Buy Plot from Dubailand

Luxury property developer Damac invests $513 million dollars to buy a plot from Dubailand. The half a billion dollar investment was made to acquire land from Dubailand announced by the luxury property developer Damac. Recently, Damac announced to list their shares for the first time in Dubai Financial Market (stock exchange). Damac purchased the land […]

Growth of Luxury Properties in Dubai has Slowed Down

Growth of Luxury Properties in Dubai has Slowed Down

Growth in Dubai property market is viewed as sustainable in 2014 with good outcomes to the property market. It can be viewed as a good standpoint to predict the future of real estate market in Dubai. According to the new report by Knight Frank, the high-end luxury properties in Dubai have seen a slow growth […]