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The Dubai government established the Dubai Land Department in 1960 to manage the city's land and property assets. [3] The department is responsible for registering all real estate transactions and ensuring that all property-related laws and regulations are followed.
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. RERA was founded on 31 July 2007 by His Highness Sheikh ...
The Dubai Mall officially opened in 2008, and Burj Khalifa in 2010. 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]
Nakheel Properties. Nakheel Properties (Arabic: نَـخٍـيْـل, romanized: nakhīl, lit. ' palm tree ') is a real estate development company based in Dubai, United Arab Emirates. [3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise. [4][2]
2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the global financial crisis of 2008, which severely impacted Dubai's economy, particularly its real estate sector. [1] The crisis was caused by several factors ...
Investment Corporation of Dubai (Arabic: مؤسسة دبي للاستثمارات الحكومية, ICD) is the principal investment arm of the Government of Dubai [2] focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. [3] Established in 2006, ICD manages the Government ...
The development includes Meydan Racecourse hotels, sky-bubble restaurant, entertainment, clubs, a concourse plaza, towers and a boat-house. 8. Al Sufouh Tramway. Dubai Roads and Transport Authority (RTA) November 2014. AED 3.18 billion. 14.5 kilometers (9.0 mi) long. Al Sufouh Tramway is a tramway being built in Al Sufouh, Dubai.
Emaar Properties. Website. www.emaar.com. Emaar Developments is the UAE-based property development arm of Emaar Properties. [1] The company develops residential and commercial property, shopping malls and other retail assets, as well as hospitality and leisure attractions.
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