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Latest La Rive residential units sold out

la rive

Meeras has reported that units at La Rive’s fourth residential building have been completed sold out within the first 24 hours of their launch. Meraas’ waterfront project based at Port De La Mer – the first freehold master community in Dubai’s Jumeriah area – witnessed an immediate level of investor interest in the high-end, off-plan…

UAE banks’ loan losses to rise on real estate – Moody’s

Banks in the United Arab Emirates are expected to experience a rise in loan losses over the next 12 to 18 months as a decline in real estate prices and rising interest rates reduce borrowers’ cash flow, Moody’s said on Tuesday. Residential property prices in Dubai have been falling since 2014 on high supply and…

Sharjah unveils Dh2 billion sustainable project

Sharjah Sustainable City Project offers 100% savings on electricity and 50% on water bills Sustainability is the buzzword these days, especially in the UAE. The property developers here are increasingly going for projects that are environmentally sustainable and witnessing a decent demand from investors. The latest such development to come online is Sharjah Sustainable City…

Gulf investors targeted for UK luxury real estate project

snow hill

Birmingham, England’s second city and its industrial heart, is fast becoming a popular property investment opportunity for Gulf-based investors, according to Chestertons. Chestertons MENA said it will be targeting Middle East-based investors with the launch of a new development in one of Birmingham’s most sought-after locations at this year’s International Property Show, which opens at…