Property prices continued to decline in Dubai and Abu Dhabi in the third quarter even as market activity and consumer confidence gained traction with the easing of pandemic curbs and hopes of a sooner …
( read original story …)
Dubai’s Emaar Properties receives $11.09bln from backlogs
Dubai – Emaar Properties has received AED 40.758 billion ($11.097 billion) from the sales of backlogs, the company’s CEO, Amit Jain, announced on Wednesday. Jain referred that this amount will be …
( read original story …)
Regeneration plans revealed for historic Abu Dhabi trading hub
A historic part of Abu Dhabi is to be redeveloped with a total overhaul of souks and markets, it has been announced. The Department of Municipalities and Transport (DMT) and Modon Properties have …
( read original story …)
Dubai developers urged to stop delaying property sales registration
Dubai: Developers in Dubai must be made to complete registration of sales deeds in seven days rather than the 60-day window given to them to prevent misuse, according to the head of a brokerage firm.
( read original story …)
Aldar Properties launches $256.13mln residential community
Located in close proximity to Aldar’s flagship Yas Acres, Noya offers residents the opportunity to combine the luxury of living on Yas Island …
( read original story …)
Abu Dhabi unveils comprehensive Mina Zayed renovation plan
The Mina Zayed Wharf is being redeveloped as part of an overall plan to revitalize designated areas in order to elevate its position as one of Abu Dhabi’s iconic landmarks …
( read original story …)
Dubai and Abu Dhabi become more affordable
Dubai and Abu Dhabi became more affordable this year, as the cost of living declined due to a drop in oil prices and deflationary pressure, says a …
( read original story …)
Abu Dhabi government employees must live in the emirate to receive housing, education allowances
Emirati and non-Emiratis who live in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade, including non-Emirati employees who own property in the emirate …
( read original story …)
Abu Dhabi to pay full housing allowance to govt employees
In addition, eligible employees will receive an education allowance for the children who attend schools in the emirate …
( read original story …)
Abu Dhabi ensures safety as Mina Plaza gets ready for demolition
The Abu Dhabi Police are putting all safety measures in place for the demolition of Mina Plaza Towers in Abu Dhabi next week. A special meeting was held on Wednesday to discuss the final preparations …
( read original story …)
‘I was frisked by a store in a UAE mall without consent, is it allowed?’
G) If the property is in danger of collapse provided that the landlord must prove such condition by a technical report issued by Dubai Municipality or accredited by it. H) If the tenant fails to …
( read original story …)
Reports: Palestinian Authority quietly returns ambassadors to Manama, Abu Dhabi
The Palestinian Authority has quietly returned its ambassadors to Manama and Abu Dhabi, according to reports in the Palestinian media. The PA recalled its ambassadors to the United Arab Emirates and …
( read original story …)
Affordable real estate, not just in Abu Dhabi but also in the UK for UAE investors
Sales and rental price numbers in Abu Dhabi reflect the ongoing struggles faced by property owners during COVID-19. But this presents an opportunity, even in the UK for UAE investors looking for a …
( read original story …)
Cityscape: Investors turn their sights towards UAE’s real estate sector
Favourable bank rates and dropping prices have meant that investors are once more looking to the UAE’s real estate sector, experts said at the 2020 Cityscape Real Estate Summit. The two-day event, …
( read original story …)
Why Dubai’s property market could see new surge in Indian investors
Experts say slew of government reforms plus latest move on 10-year residency visa could result in increase of Indians buying real estate in Dubai A new wave of Indians buying properties in Dubai is …
( read original story …)
UAE stocks get a double upgrade from Morgan Stanley on stronger recovery hopes
These stocks rated ‘tactical overweight’, with tourism, leisure likely winners UAE stocks have lagged emerging market peers, but talk of an imminent vaccine launch could set that right. Image …
( read original story …)
Morgan Stanley Turns Bullish on UAE Stocks Citing Vaccine Hope
Stocks in the United Arab Emirates are highly exposed to a broad recovery, with positive virus vaccine news “far from priced,” according to Morgan Stanley.
( read original story …)