Author: homesdubai

British Starman Tweets Dubai from space

British ESA astronaut and test pilot Tim Peake’s Twitter location is a bit different to other people’s. It’s currently set to “Low Earth Orbit” as he works onboard the International Space Station for six months. While he’s up there, he’s been capturing some incredible photos and videos, which have amassed him an impressive following of 526,000 followers on Twitter. Yesterday, he gained a few more from Dubai, posting two pictures of the city from the Space Station. In his first tweet, he posted the picture below with a caption: “I’ve been waiting to get a pic of The Palms,...

Read More

2017 Rebound time ?

  Dubai’s residential real estate market, which has seen price declines for the past year, is likely to witness a rebound in 2017, according to a new report. KPMG’s review of Dubai’s property market predicted that while 2016 may be a “challenging year” due to a number of internal and external factors, the market should see an upturn next year. While certain areas of Dubai have been more impacted than others in terms of declining prices, the overall magnitude of the decline has been tempered, said KPMG. It said that this is a result of “vastly improved regulations”, adding...

Read More

Q1 sees over 8,000 sales transacted

Dubai recorded AED 54,782 billion ($14.9 billion) of real estate transactions in the first quarter of 2016, it was reported on Sunday. In its quarterly update, the Dubai Land Department (DLD) said that the $14.9 billion of transactions included 8,440 sales and 3,213 mortgage transactions, as well as 915 “other” transactions. Sales and mortgages related to land transactions totalled AED42,729 billion ($11.6 billion), with commercial property taking the lion’s share of deals by value, with AED12,053 billion from 8,892 transactions. Dubai Marina was the most popular for real estate unit sales, followed by Burj Khalifa and Business Bay. DLD’s...

Read More

New heights for Expo 2020

Dubai is to yet again scale new heights with a new $1 billion (Dh3.67 billion) tower. Constructed in Dubai Creek Harbour it will surpass the  Burj Khalifa, currently the world’s tallest tower. Dubai Creek Harbour, a six million square metre mixed-use development, jointly developed by Emaar and Dubai Holding, houses 3,664 office units, eight million square feet of retail space, 39,000 residential units and 22 hotels with 4,400 rooms, and Dubai Twin Towers – the tallest twin towers in the world. The tower designed by Santiago Calatrava will be completed in time  for Expo 2020. Dubai will host over 20 million tourists who will visit...

Read More

Construction underway at Town Square

Saudi company Binladin Contracting Group has broken ground on another Dubai mega project. Master developer Nshama’s Town Square project covers 750 acres. Its a vibrant mixed use community set around a central square. It will enjoy a hotel and both indoor and outdoor cinemas. Over 600 shops and restaurants will be available to residents along with nurseries, playgrounds, skate parks, swimming pools, spa’s and fitness centers. Apartments start from AED 350k and townhouses just under 1m. Fred Durie, CEO of Nshama, said: “We are committed to delivering the projects as per schedule, highlighted by the contract awarded for undertaking deep...

Read More