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The Tower is scheduled to be delivered ahead of Expo 2020 starting in October of that year. The foundations have well and truly been laid for the rise of Dubai’s newest – and tallest – skyscraper. On Monday, the pile foundations for the global icon, The Tower, were deemed complete by its developers Emaar Properties…

Exclusive: New regulations may come into force by June, say sources Dubai is likely to unveil new rent regulations by June, which will reduce the number of landlord-tenant disputes as well as stabilise the emirate’s rental market, sources familiar with the matter told Arabian Business. While the exact details of the draft law were not…

Property experts have welcomed news from the Ministry of Finance that sales and leases of commercial property will be subject to VAT from January, but residential property will not. In a briefing session for advisers last week at Festival City, civil servants said that offices, shops and other commercial property will be subject to the…

The asset manager behind the UAE’s second listed real estate investment trust (reit) expects more to follow. Emirates NBD Asset Management listed ENBD Reit on Nasdaq Dubai last week. “There is room in the UAE for 10 or 20 reits,” said Anthony Taylor, fund manager of real estate for Emirates NBD Asset Management. “This is…