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Emaar brings new Dubai landmark with iconic ‘Sky Bridge’

May 11, 2017
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Emaar brings new Dubai landmark with iconic ‘Sky Bridge’ Dubai now has a new architectural landmark: Emaar Properties today accomplished the challenging engineering feat of designing, constructing and lifting an iconic Sky Bridge that links the new Address Sky View hotel with the Address Residences Sky View in Downtown Dubai. Rising at a height of over 220 metres, the 85-metre-long Sky Bridge, with a height of 22 metres and maximum width of 30 metres, has three storeys and will feature eight units of luxurious Sky Collection Duplexes, a 70-metre-long infinity pool that overlooks Burj Khalifa and The Dubai Fountain, and other amenities. Billed to be a new touristic attrac...

Dubai company still liable for tenancy contract in its name

May 11, 2017
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Dubai company still liable for tenancy contract in its name I have resigned from my job in Dubai. My accommodation has been provided by the company with the tenancy agreement between the company and the landlord. The tenancy agreement stipulates that one month’s penalty and two month’s notice applies in the case of early termination. There is nothing in my contract with the company related to liability for the house rent but the company is attempting to recover the cost of early termination from my final settlement. Is this common local practice and is it justifiable under local laws? ME, Dubai I am perplexed as to why the company is allowing the penalty to go ahead at all....

Main construction contract awarded for Stella Maris project at Dubai Marina

May 9, 2017
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Main construction contract awarded for Stella Maris project at Dubai Marina Abu Dhabi developer Bloom Properties has awarded the main construction contract for its waterfront development in Dubai, Stella Maris. The main works contract has been awarded to General Construction Company, a statement said. Located at the southern end of Dubai Marina, Stella Maris is a 52-storey luxury development including 313 high-end residences in total. The units range in size from one- to three- bedrooms, as well as four-bedroom duplex apartments and penthouses. The development will offer amenities such as a multi-purpose room, a lounge area, a snooker room, a playroom for children,...

Zaha Hadid-designed The Opus project in Dubai takes shape

May 8, 2017
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Zaha Hadid-designed The Opus project in Dubai takes shape Omniyat Properties aims to finish construction of The Opus project in Dubai’s Business Bay this summer and open the first ME by Meliá hotel regionally by summer 2018. The striking two-tower building, designed by the late Dame Zaha Hadid, is connected by a slanting bridge containing three floors of luxury apartments and 98 residences (60 operated by the hotel are located from the 16th floor upwards). The development is dominated by 56,000sq ft of office space, although the hotel element – in the lower half – is boutique with 93 rooms. Addressing the media on Sunday, general manager Stefan Viard said F&B will cov...

Revealed: The average time to settle a Dubai rental dispute

May 8, 2017
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Revealed: The average time to settle a Dubai rental dispute The average time taken to resolve disputes via Dubai’s rental disputes centre is 22 days, the government has announced. In a briefing note to media about the key achievements of the Rental Dispute Settlement Centre (RDC), established in 2013, the Dubai Land Department (DLD) said the average length of litigation cases in the first quarter of 2017 was 22 days. It said this demonstrated “outstanding results” but did not give the figures for the previous quarter. The centre aims to resolve disputes within a maximum of two months (60 days). The briefing note issued on Saturday said: “In order to achieve its vis...

Dubai Properties launches sales on more Mudon homes

May 7, 2017
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Dubai Properties launches sales on more Mudon homes Dubai Properties has announced the launch of sales of the third edition of the Arabella Townhouses (Arabella 3) in response to high customer demand.  The developer said in a statement that the launch of sales comes in the wake of an "enthusiastic market response" to Arabella 1 and Arabella 2, that were unveiled in 2016. The entire development – originally launched in 2015 - is located within the Mudon community at Dubailand. Arabella Townhouses comprise three to five bedroom units in close proximity to the 41-acre Mudon Central Park that offers residents amenities such as a jogging track, cycling track, sports courts...

Dubai among top 10 cities for most expensive residential property

May 4, 2017
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Dubai among top 10 cities for most expensive residential property Dubai is among the top 10 cities globally when it comes to having the most expensive residential real estate in the world, a new report has found. The emirate ranked 10th on the list, with Monaco leading worldwide, the report by Core Savillis stated. Dubai’s prime market is seven times more affordable than Monaco and “remains an attractive property investment”, it said. The emirate has seen a “wide growth range” across prime areas such as The Palm, Burj Khalifa, Emirates Hills and Dubai Marina. Although softening for almost two years, the prime segment continues to indicate further contraction in prices...

Dubai tenants negotiate hard to bring down house rents

May 2, 2017
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Dubai tenants negotiate hard to bring down house rents Apartment rents in Dubai dipped three per cent quarter-on-quarter (q-o-q) in Q1 2017 and eight per cent annually, according to real estate consultancy Asteco. High-end properties were most affected with the Palm Jumeirah witnessing rent decreases of seven per cent q-on-q and 14 per cent annually. In DIFC, there was no movement for quarterly prices, however, annually the figure dropped by nine per cent.  Mid-market apartments followed suit, witnessing quarterly and annual declines of three per cent and 12 per cent in Business Bay and two per cent and four per cent in Jumeirah Lakes Towers (JLT). Discovery Gardens w...

Azizi announces plans for two buildings in Dubai Studio City

May 2, 2017
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Azizi announces plans for two buildings in Dubai Studio City Dubai real estate developer Azizi has announced plans for two buildings in Dubai Studio City. The first residential block will feature 80 one-bed, 95 two-bed and two three-bed apartments for a total of 177 units across 6,000 square feet. The second hotel apartment block will have 70 one-bed, 83 two-bed and two three-bed apartments for a total of 155 units across 5,266 square feet. “The two plots in Dubai Studio City will create a unique living experience for residents and enable Azizi Developments to meet the growing demand for the highest quality homes in the market,” said Farhad Azizi, CEO of Azizi Develop...

Dubai's Union Properties votes in new chairman

May 2, 2017
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Dubai's Union Properties votes in new chairman Dubai’s Union Properties new board of directors will meet on Thursday to discuss company’s future strategy after a new chairman was voted in. Nasser Butti Umar bin Yousuf and Hamad Abdulla Mohamed Abdulla AlMass were voted by majority as chairman and vice-chairman. On Sunday, a Securities and Commodities Authority (SCA) said it had received official letters from Khalid Jassim Bin Kalban, former chairman, Ali Fardan Ali AlFardan and Mohamed Saif Darwish Ahmed AlKetbi stating denial of their resignation following which it launched an investigation. The company shares were suspended from trading last Thursday, but resumed tradi...