Al Mazaya to build at The Villa Contract worth Dh31m awarded to Metac General Contracting

Al Mazaya Holding announced offering new residential plots for construction of 30 villas in The Villa which will be sold at a later date.Al Mazaya had decided to preserve these plots as part of the company’s assets to be sold when the demand in the UAE real estate market rises.The announcement came ...

First club on Dubai`s The World to open soon

The World will finally be open to the public with the Royal Island Beach Club. The opening is scheduled for the end of February 2012. “Upon receiving all permit papers we will be eligible to officially open the club for our customers” said Reza Sinnen, Managing Director of Royal Island Beach Club.&n...

Looking to buy a house in UAE? Here are 6 mistakes to avoid

Realty experts point out the pitfalls of a property deal not carefully examinedBuying a house in Dubai can fetch good returns in the long-run but sometimes people end up with not so good deals because of some common yet avoidable mistakes they make.`Emirates24|7` spoke to experts to find out the mai...

New Gardens project opens with 1,500 homes

4 buildings already being leased; Studio @Dh24,890 and one-bed @Dh43,720Over 1,500 new apartments will enter the lease market this year just in The Gardens community.Leasing for four buildings in The Gardens Apartment project, owned by Nakheel, started in the second week of January.“We have eight bu...

Dubai to see up to 16,000 more property units in 2012

Dubai`s property sector will see up to 16,000 new units come on the market this year, the head of its real estate watchdog said on Wednesday, adding further pressure to an already oversupplied sector.Supply in 2012 will be higher than in 2011 when about 10,700 new units were introduced."Another 15,...