With its glittering ultramodern residential towers and electrifying nightlife, the United Arab Emirates’s Dubai Marina is where high-net-worth individuals choose to stay and play when they want to be …
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Why oversupply issues could hit Abu Dhabi’s property market in 2021
Consultants Core predicts a spike in handovers this year with more than 7,000 units set to be delivered in the emirate …
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Aldar Estates Accelerates Growth and Widens Reach Through Acquisition of Asteco Property Management
Aldar Estates, a recently established estate management company that consolidated Aldar Properties’ retail operations alongside existing residential and …
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Hilton Abu Dhabi Yas Island to open next week
The property which is part of the Yas Bay development will open on February 18… The hotly-anticipated five-star luxury Hilton Hotel located at the multi-billion dollar Yas Bay development in the south …
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Dubai’s property market: Prices have bottomed, signalling recovery – Property Monitor
The worst may be over for Dubai’s property market, as signs continue to emerge that prices have hit the floor after months of significant price falls exacerbated by the coronavirus pandemic, an …
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UAE’s game-changing laws ‘to fuel property market recovery’
The UAE’s series of game-changing regulatory amendments – from providing Emirati citizenship and golden visas to investors and select expats to allowing 100% ownership of businesses for foreign …
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Dubai properties show ‘early sign of growth’
Property prices in Dubai are showing signs of a slight uptick after falling for months due to the coronavirus pandemic. However, sales transactions have dipped by nearly a third. Apartments and villas …
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INSIGHT-Deserted debts stir disquiet in the mysterious world of Dubai Inc
Dubai’s debts have always been something of a mystery for investors but since the coronavirus pandemic hit its economy, things have got hazier, some say. Over the past 12 months, two firms with links …
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UAE residential communities ‘likely to see stability this year’
UAE’s property market saw prices and rents of residential communities with superior offerings stabilise during Q4 and this year more communities are likely to display stabilisation in capital values …
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Gyproc enters Uptown Dubai with 188-key Sofitel property
The SO/ Uptown Dubai will feature a 188-key five-star luxury hotel and 229 signature SO/branded residences. Working closely with its partners Interiors International and MRFS Interior Decoration under …
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Knight Frank UAE Market Review and Forecast 2021 shows that the UAE’s GDP contracted by 7.7% in 2020
Knight Frank is pleased to announce the release of its UAE Market Review and Forecast 2021. The report provides an overview and outlook of the key real estate sectors including the residential, office …
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Why Dubai property prices are likely to see further declines in 2021
Chestertons says new off-plan sales launches slumped in 2020 with construction starting on just 6,115 residential units compared to 18,650 in 2019 …
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Dh3.3 b worth of Dubai property transactions made in just a week
The value of real estate transactions in the Dubai Land Department this week amounted to more than Dh3.3 billion. The department witnessed the registration of 856 pledges of Dh1.61 billion, including …
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Villas set to lead price rebound in Abu Dhabi property market in 2021
ValuStrat research says market sentiment is expected to pick up and could head towards bottoming out this year …
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Property Prices in the UAE’s Capital Remain Favourable To Buyers and Tenants as Suburban Areas and Waterfront Communities Gain Attention
Property markets across the globe have felt the impact of the uniquely challenging year that was 2020. While Abu Dhabi has not been an exception, the UA …
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UAE oil firm ADNOC gets $900m investment in property unit
The biggest oil producer in the United Arab Emirates is getting a $900m investment in its property business from a state pension fund. Abu Dhabi Pension Fund is investing in some of Abu Dhabi National …
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$19.8bln properties sold in Dubai in 2020; market up 270% from lowest level in May
Dubai’s real estate market is strongly recovering from its lowest levels, with buyers snapping up more than $19.8 billion worth of properties across Dubai for the whole of last year, the latest data …
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