Dubai today added a new jewel to its crown - the Museum of the Future and opened it for the world on 22.02.2022. From Wednesday, visitors can immerse themselves in the near and far future at Dubai's latest landmark— the Museum of the Future, a senior official said. Khalfan Belhoul, CEO of Dubai Future Foundation, noted on the sidelines of the grand opening ceremony, which saw the iconic Museum...

According to an official handout, Lahore will get its tallest building on the banks of the River Ravi after the Dhabi Group of the UAE signed an agreement with the Punjab Government to invest Rs60 billion in the Pakistani province. Punjab Chief Minister Sardar Usman Buzdar, who is on a three-day visit to Dubai, and UAE Minister for Tolerance and Coexistence Sheikh Nahyan bin Mubarak witnessed the...

Is it legal to use rent-to-own schemes when purchasing apartments in Dubai? Could you please explain the laws governing the purchase of real estate apartments? For example, what if I pay half the amount and am unable to pay the remainder after signing a contract? Do I have to pay back the money I paid? Response: Pursuant to your queries, the provisions of Law No. 19 of 2017 Amending Law No.13 of 2008...

Emaar Properties on Monday announced a significant increase in property sales of 209 per cent reaching to Dh33.762 billion ($9.192 billion) compared to 2020 sales of Dh10.902 billion ($2.968 billion), demonstrating continued investor confidence in the Emaar brand. This is the highest ever property sales recorded by Emaar since its incorporation in 1997. "Emaar's 2021 revenue stood at Dh28.270 billion...

According to Asteco, the UAE will see a supply of 38,500 apartments and 3,800 villas, which is almost identical to previous years. This year, Dubai will account for a sizable portion of it, with 30,000 flats and 3,500 villas. Some of this, like the previous year, is expected to be postponed or will eventually spill over into next year. Around 2,000 residential units are expected to be handed over in...

The Abu Dhabi National Oil Company (ADNOC) announced framework agreement awards worth $1.94 billion (AED 7.1 billion) on Thursday to enable drilling growth. The awards build on ADNOC's recent record investments in drilling-related equipment and services, and they support the company's strategy to increase crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drive the UAE's gas...

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, today announced the launch of 'Dubai Can,' a citywide sustainability movement designed to inspire people to make a difference through a series of sustainability-focused initiatives. This initiative, which will be implemented by Dubai's Department of Economy and Tourism, will encourage...

Aldar Properties and Apollo Global Management (Apollo), one of the world's largest alternative investment managers, have signed a historic agreement in which Apollo-managed funds and clients will invest a total of US$1.4 billion in strategic capital to drive Aldar's transformational growth initiatives. The commitments are structured as follows: a US$500 million land joint venture investment; a US$500...

Emaar Properties announced a 209% increase in property sales to AED33.762 billion (US$ 9.192 billion) in 2020 compared to AED10.902 billion (US$ 2.968 billion) in 2020, demonstrating continued investor confidence in the Emaar brand. This is Emaar's highest-ever property sales total since its inception in 1997. "Emaar's 2021 revenue stood at AED 28.270 billion (US$ 7.697 billion), a 57 percent increase...

According to data released by the Dubai Land Department, a total of 2,078 real estate transactions worth AED 6.6 billion were completed during the week ending 11 February 2022. AED1.42 billion was paid for 280 plots, and AED2.54 billion was paid for 1,275 apartments and villas. The top three transactions were a land in Al Mamzer sold for AED132.4 million, a land in Al Thanayah Fourth sold for AED61...