Abu Dhabi recorded 3,304 real estate deals worth Dh11.3 billion ($3bn) in the first quarter of this year, as the UAE’s property market continues to rebound from pandemic-induced slowdown, according to …
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Dubai property broker fined Dh50,000 for cold calling
The Real Estate Regulatory Agency (Rera) at the Dubai Land Department has fined a property broker Dh50,000 for making cold calls and practising direct telemarketing. The agency also suspended nine …
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Ellington Properties, a Property Developer Co-Founded by Nitin Bhatnagar, Brings a New Restaurant Roobaru to Its DT1 Residences in Downtown Dubai
DUBAI, Arab Emirates, April 29, 2022 (GLOBE NEWSWIRE) — Ellington Properties, Dubai’s leading design-led boutique property developer, has welcomed a new restaurant Roobaru to its award-winning DT1 …
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Dubai developer Damac Properties starts accepting Bitcoin and Ethereum
Dubai developer Damac Properties will accept certain cryptocurrencies for property transactions as part of efforts to offer more flexibility to investors, the company has announced. The developer will …
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Dubai property sets record for price per square foot
An apartment at the Bulgari Resort and Residences in Dubai has set a new record for the highest price per square foot in the city. The three-bedroom property on Jumeirah Bay Island sold for Dh40 …
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$1.8bln in weeklong real estate transactions in Dubai
DUBAI- The Dubai real estate and properties transactions valued at 6.6 billion in total during the week ending 29 April 2022. The sum of transactions was 2,259. 197 plots were sold for AED 1.15 …
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Driven Properties sells highest recorded price of $3,439 per sqft at Bulgari Residences
Kianoush Darban, Associate Partner at Driven Properties. Similarly, Lina Allaoa, the second broken behind the deal, said: “It comes as a true testament how far Dubai has come. All initiatives made by …
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Ask the Law: Can buyer seek termination of property purchase contract upon losing job?
Worker with a year or more in service, is entitled to end-of-service benefits in UAE Question: A year ago, I purchased a property from a developer through bank financing. However, a month ago …
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Gem in the Desert: A Look Inside Dubai’s $1.4 Billion Hotel Residential Property
After 14 years of construction, Dubai’s Atlantis The Royal Resort & Residences will open in November 2022 featuring over 90 pools and 18 restaurants.
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Conrad Abu Dhabi Etihad Towers gets five-star rating from Forbes Travel Guide
Conrad Abu Dhabi Etihad Towers celebrated in the 2022 Star Awards. Conrad Abu Dhabi Etihad Towers gets five-star rating from Forbes Travel Guide. abu dhabi, conrad, Conrad Abu Dhabi, Conrad Abu Dhabi …
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Abu Dhabi Islamic Bank to set up asset management firm
The Shariah-compliant lender is also continuing to look at organic and inorganic growth opportunities for its banking business.
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UAE property: ‘Can my tenant demand an extension on his eviction?’
The tenant is now ignoring our calls. How do we ensure he leaves the property on May 2? Do we get the police involved or does the Real Estate Regulatory Agency (Rera) do the eviction? FN, Dubai I …
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Record-Breaking Bulgari Resort Sale Signals Strong Year For Dubai’s Luxury Property Market
Located in the renowned Bulgari Resort and Residences development, the three-bedroom unit sold for AED 40 million (roughly US $10.9 million).
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Abu Dhabi’s Aldar reports 27 percent net profit growth in Q1 2022 following Egyptian acquisition
Property developer’s first-quarter group sales stood at $598.9m, driven by continued momentum in the capital’s real estate market Abu Dhabi’s Aldar reports 27 percent net profit growth in Q1 2022 …
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UAE’s Aldar Properties Q1 net profit up 26% at $187mln
UAE’s Aldar Properties on Wednesday reported a 26 percent jump in its Q1 2022 net profit (y-o-y) to 688 million dirhams ($187 million) amid strong demand for property. The effort missed analysts’ mean …
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Aldar Properties first-quarter profit jumps 23% on record sales
Aldar Properties, Abu Dhabi’s biggest listed developer, reported a 23 per cent jump in its first-quarter profit, as revenue climbed on the back of record property sales amid continued recovery of the …
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Aldar Reports 27% Increase in Q1 Net Profit and Record Q1 Group Sales Amid Capital Deployment and Expansion
Aldar not only delivered a strong financial performance, but we also diversified our sources of funding and scaled up our ope …
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