Dubai Rentals | Apartment Rental | Property Management | FirstGowealthy

Dubai Property Market in 2011/2012

Published on 2012-01-11 04:33:00

For those who like to live it up in style, Dubai offers some of the best lifestyle options – excellent golf courses, shopping malls, beaches, luxurious hotels and spas, making it one of the most vivacious cities in the world. This lifestyle makes it all the more desirable to purchase real estate in Dubai. With the lowest crime rate worldwide, practically every real estate in Dubai is a safe place for families to live. There are many agencies dealing with Dubai real estate. As one of the l

More than 300 villas in Jumeirah Golf Estate ready next year

Published on 2011-11-09 00:00:00

Jumeirah Golf Estate, the luxury residential golf community, will witness the completion of its dedicated power substation, infrastructure work and more than 300 villas — all before the end of next year, 'Emirates24|7' can reveal. Work has already started on the 132KV power substation and is expected to be completed next year, a Nakheel spokesman told this website. The company also expects completion of 160 villas in Whispering Pines in November 2012, while 99 villas in the Flame Tree R

UAE planning new rules on short-selling

Published on 2011-11-08 00:15:00

The UAE's market regulator has published new draft rules on short-selling and borrowing, asking investors for feedback, as it looks to boost dwindling trade and attract more foreign investment. The Securities and Commodities Authority (SCA) posted on its website the draft regulations on short-selling through authorised brokers, security lending and borrowing and other market regulations. Suggestions on the draft can be given until November 17.For more information visit Dubai real estate

Delayed oil industry projects must race to meet demand

Published on 2011-11-07 00:20:00

About $140 billion (Dh514.15 billion) worth of engineering and construction contracts have been either awarded by the national oil companies (NOCs) or are planned throughout the Middle East in 2011, according to research conducted by Deloitte, a global consultancy firm. The research shows that over the next five years, the Middle East will witness strong growth in hydrocarbon production as the world's dependence on fossil fuels continues.For more information visit Dubai real estate

Deyaar posts Dh45m profit as revenues rise, costs fall

Published on 2011-11-03 02:13:00

Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday. The real estate firm was affected by the collapse of Dubai's property sector and posted a net loss of Dh489 million in the corresponding period last year. Deyaar did not provide separate results for the third quarter but said revenues for the nine months to September 30 rose 54 per cent to Dh665

Emerging nations' oil consumption to grow

Published on 2011-11-02 04:53:00

The global demand for oil will continue to grow, reaching more than 109 million barrels per day in 2035, Ali Obaid Al Yabhouni, UAE Governor for the Organisation of Petroleum Exporting Countries (Opec), said Tuesday. "By 2035, fossil fuels will still comprise more than 80 per cent of global supply. Gas use is expected to grow steadily to 25 per cent, while coal use is expected to remain unchanged at 29 per cent. Oil's share is bound to fall behind coal, from 34 per cent to 28 per cent of

Falling rents a double-edged sword

Published on 2011-10-21 01:14:00

The news that rents are continuing to fall in Abu Dhabi as more property comes online would come as a surprise to few in the capital. While construction appeared to slow down during the summer, the completion of the flagship project on Sowwah Island, the Abu Dhabi Stock Exchange, the long-awaited Salam Street and the Sorouh's Sun and Sky Towers certainly seems to have got the ball rolling again. But falling rents are always a double-edged sword. While it bodes well for residents — who for

Abu Dhabi to launch rental guidance index

Published on 2011-10-20 01:24:00

Rents in the capital will soon be guided by an index providing information about the true rental value of properties, a senior municipal official said in the capital yesterday. The index will determine the rental value of a unit based on indicators like location, number of bedrooms and how old it is, Ali Al Hashemi, manager of Tawtheeq at the Municipality of Abu Dhabi City, told Gulf News.For more information visit Dubai real estate

DPA calls for preserving national identity among Emiratis

Published on 2011-10-19 00:52:00

Education's role as a catalyst in deepening the sense of national identity among the youth was the dominant theme of the second session of the Dubai Partnership Agenda (DPA), a strategic government initiative to facilitate collaboration between the public and private sectors. Heads of various organisations and public and private stakeholders in the education sector discussed the challenges at hand and the role that education can play in preserving national identity and thus furthering devel

Saudi banks record 37.5% profit rise in Q3

Published on 2011-10-18 00:45:00

Saudi Arabia’s banks recorded a whopping 37.5 per cent increase in their net earnings in the third quarter of 2011 as they benefited from a surge in public spending and government contracts awarded in the first half. The combined net profits of the Gulf kingdom’s 12 commercial bank stood at nearly SReight billion in the third quarter and the income is projected to remain high through the year, Saudi Arabia’s largest bank said.For more information visit Dubai real estate