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Master developer Nakheel has signed a contract worth Dh66 million for a choreographed fountain at The Pointe, its new Dh800 million waterfront dining and entertainment destination on the Palm Jumeirah. The developer has appointed one of China’s largest fountain specialists, Beijing Water Design, to deliver and operate the fountain, which will cover a 12,000 square…
The developer Nshama has introduce 10:90 payment plan as part of a new sales campaign for its Town Square development. Under this, buyers need to put up 10 per cent at the time of booking and then the rest on handover. Nshama is in the process of handing over the first phase of Zahra Apartments…
The Dubai Land Department will not be imposing penalties of 4 per cent of the value on developers and buyers who have failed to register their units to date. Only the 4 per cent Land Department fee will be applicable on these transactions. This follows a directive late on Wednesday from Shaikh Hamdan Bin Mohammad…
Will rent-to-own be the next big thing for Dubai’s property market and its developers? With more buyers starting to look at ready properties rather than just stick to off-plan, this could well be the time for developers to make a strong case for rent-to-own. More so, as stretching post-handover payment plans seems to have reached…
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