REAL ESTATE

#Real #estate #dubai Dubai’s real estate records a robust Dh132b in first half deals Palm Jumeirah was top spot in value terms while Marina had the volumes DUBAI: Dubai Marina and Business Bay retained their status as investor hotspots as overall property transactions in Dubai totalled Dh132 billion in the first half of 2017. This was done through 35,571 deals, and the amount represents a significant gain from the Dh113 billion recorded in the first six months of 2016, based on data from Dubai Land Department released Sunday. Also, the Dh113 billion came from 28,251 transactions. The Land Department numbers …

#Dubai #real #estate Emaar to list UAE real estate development business in Dubai The developer will list 30 per cent of its UAE real Estate Development business Dubai developer Emaar has announced plans to list 30 per cent of its UAE real Estate Development business on the Dubai Financial Market (DFM). The funds raised through the sale of equity will be primarily distributed as dividends to Emaar’s shareholders, a statement said. The IPO will be the largest since the Emaar Malls IPO, which which raised Dhs5.8bn in 2014, it added. Emaar’s real estate business recorded sales of Dhs14.4bn in 2016, …