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A major benefit of registering properties with this Simsari is that it will limit the number of ghost listings in Dubai. It is a common practice of real estate property sellers to list a single property with several brokerage firms with different prices; after registering with Simsari, every real estate agency or agent can is limited to listing each property with three property management firms.
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 Real Estate Regulatory Agency (RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai.
By 2014, Emaar was holding over $11.4 billion in real estate investments. [10] In 2007, the company was majority-owned by Dubai's government. [11] In 2009, John Laing Homes, a subsidiary of Emaar Properties which was acquired in 2006, [12] filed for Chapter 11 bankruptcy protection in the US Court for the District of Delaware. [13]
Binghatti was founded by Hussain Binghatti, Muhammad Binghatti and Ahmed Binghatti in 2008. [1] [2] [3] [4]The company has established real estate projects in Business Bay, Al Jaddaf, Downtown Dubai, Dubai Silicon Oasis, Jumeirah Village Circle, Liwan, and Dubai Residential Complex with an investment value of more than DH 40 billion.
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
Loai Al Fakir is a real estate professional and the Chief Executive Officer of Provident Estate, a real estate brokerage firm based in Dubai. He established the company in 2008. He established the company in 2008.
In June 2023, Provident Estate obtained exclusive rights to launch and sell Habtoor Tower, the Al Habtoor Group's inaugural freehold property on Sheikh Zayed Road. [ 6 ] [ 7 ] In December 2023, Provident Estate sold the 3rd most expensive penthouse in the world covering almost 22,000 square feet [ 8 ] – Como Residences on the Palm Jumeirah ...