A news report stated this week that the municipality of Abu Dhabi is willing to finalize its gift of more than 1,200 plots this week as residential plots to UAE nationals.
Deyaar, the Dubai-based construction company has announced that in the first quarter of next year it is going to hand over many projects. The total worth of all the projects combined is going to be AED1.2 billion $ 327 million.
The Andhra Pradesh High court declared on Thursday the termination notice on the Dubai based Emaar properties owned by APIIC (Andhra Pradesh Industrial Infrastructure Corporation) with joint regards from MOU, for the development of 500-Acre land at Gachibowli.
Ras Al Khaimah Land Department has given approval for housing grants to the UAE nationals for 602 in the emirates.
The grants have been released and approved in 2 phases with 302 applications and getting the nod in the 1st phase as per order of His Highness Mr. Sheikh Saud bin Sagr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah.
A UK-based law firm has said that Dubai's property market has started to gain steam and that has again made it attractive to the foreign investors.
In a survey which was conducted by the Abu Dhabi Council for Urban Planning has disclosed that out of 100 percent 63 per cent of Abu Dhabi residents desires that the areas in which they live in need one or more neighborhood facilities.
According to Al Khaleej, the survey comprised of 10,882 family units. Out of them 3,124 UAE nationals disclosed that only 26 per cent of the residents were satisfied with their specific neighborhoods.
Director of research at Landmark, Jesse Downs assumed that near about 48,000 homes will come on the Dubai market in the coming two years, or about 12 per cent of active supply.
An arrival of foreign buyers flushed a construction boom as prices increased by 79 per cent to middle from 2007. It increased before the financial crisis caused lenders to constrict credit and speculators which left the market.