Homeowners are diligently working to restore services for their tenants and return their properties to the level they were before the flood. Companies and landlords are offering protection from significant losses to numerous tenants in Dubai and Sharjah affected by the recent extreme weather, which caused water accumulation. Nonetheless, tenants experiencing minor damages are opting to engage...
Top developers may delay immediate payments as a short-term measure for relief. Dubai's top developers are contemplating deferring immediate payments from off-plan property buyers in response to recent devastating rains. If approved, this measure could grant property owners a reprieve from instalments for the next 1-3 months. The urgency of these internal deliberations has increased following the UAE...
The total dividend payment for 2023 was also announced by the company, amounting to $1.2 billion. Emaar Properties declared a record-breaking dividend payout of $1.2 billion (AED 4.4 billion) for 2023, following an outstanding performance throughout the year, marked by $11 billion in real estate sales. The dividend sum, sanctioned during the company's annual general meeting (AGM) held on Monday,...
During the first quarter of 2024, 120 projects were initiated in Dubai, comprising 34,000 housing units. In the first quarter of 2024, Dubai witnessed an assertive wave of project launches from both local and international developers, averaging more than one launch per day. Preliminary data from Cavendish Maxwell’s Property Monitor indicates that in March 2024, nearly 30 off-plan projects were...
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