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The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [ 7 ]
Comprises 79 high-rises, mostly residential skyscrapers 3 Business Bay: Dubai Properties Group: Complete: AED 110 billion (US$30 billion) 80 million sq. ft. Comprises 240 high- and low-rise buildings, mostly residential and mixed-use skyscrapers. 4 Jumeirah Garden City: Meraas: On hold: AED 350 billion [14] 9 km 2 (3.5 sq mi) [15] 5 Culture ...
It includes the vast area of Jebel Ali with its port and its industrial zone, the artificial island of Palm Jebel Ali and the building Al Wajeha Al Bahriah (Dubai Waterfront), as well as the residential area of Dubai Investment Park and the development of Madinat Al Mataar, also called Dubai South, which hosted Expo 2020 and is home to the new ...
Dubai Properties is a property development and management company based in Dubai, United Arab Emirates. [2] The company is a member of the Dubai Holding group . [ 3 ] In 2009 the attorney general of Dubai stated that Hashim Al Dabal, then chairman of Dubai Properties, was arrested on "suspicion of embezzlement ". [ 4 ]
The Meraas real estate portfolio comprises property development sales and asset management across Dubai. Projects include Port de La Mer, [5] City Walk, [6], Bluewaters island, Bulgari Resort, [7] Nikki Beach Resort, Spa & Residences and Villa Amalfi in Jumeirah bay. [citation needed] In 2019 Meraas launched its latest destination, Dubai Harbour.
Emirates Hills is the most expensive villa community to buy or rent a property in Dubai, with buyers paying up to Dh2,604 per square feet. [ 6 ] Some notable residents included the late Benazir Bhutto ; [ 7 ] [ 8 ] [ 9 ] the managing director of Géant Middle East, Mohammed Ayub Shaikh; Abdul Rahiman Abdul Azeez, owner of Alpha Smart Security ...
In 2020, Reportage Properties changed its brand and sold properties worth more than 754 million AED. [5] In 2021, Reportage Properties started to build a new 5,500-unit residential complex, Montenapoleone, in Mostakbal City in New Cairo. This was their first project outside the UAE. That year, their sales rose to over 1.6 billion AED.
Union Properties is a real estate development company headquartered in Dubai, United Arab Emirates. Established in 1987 as Union Property Private Limited, [3] the company was listed on the Dubai Financial Market in 1993. Notable projects undertaken by Union Properties include The Index apartment and office building in Dubai and Dubai Motor City.