Property sales prices and rents in Dubai are set to remain under downward pressure during 2021 with apartment districts expected to face further headwinds, according to new research. Consultants Core …
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Dubai tops LEED GCC rankings
Not only is Dubai home to a high concentration of LEED-compliant commercial properties, but also features 804 LEED-certified homes. This means that the emirate actually has a combined area of more …
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Reportage Properties working on 10 major projects in UAE
Reportage Properties said work is currently under way on 10 key projects which will add about 4,000 new housing units into the UAE real estate market. Of these, six are in Abu Dhabi and rest in Dubai.
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Anantara Eastern Mangroves Abu Dhabi Hotel appoints new executive sous chef
Anantara Eastern Mangroves Abu Dhabi Hotel has appointed Federico Sanna to the role … and will now work alongside executive chef Idin Asmitha in leading the culinary team at his new property. Sanna …
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Reportage launches offer exempting buyers from the down payment
Reportage Properties, the UAE leading developer has launched a special offer that provides buyers with the opportunity to purchase residential units in all of its projects in Abu Dhabi and Dubai, …
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New Executive Sous Chef at Anantara Eastern Mangroves Abu Dhabi
Anantara Eastern Mangroves Abu Dhabi Hotel has appointed a new Executive Sous Chef, who joins the property’s culinary team under Executive Chef Idin Asmitha. With more than 15 years of experience in …
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Khalifa University Signs a Co-funded Research Agreement with Aldar Properties and Sandooq Al Watan to Make Reusable Contact Lenses for Color Blindness
Khalifa University of Science and Technology on this date signed a research agreement, which will be co-funded by Aldar properties and Sandooq Al Watan, to develop economical, reusable and disposable …
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How changing needs are driving luxury property demand
One of the most significant differences was an increased demand for ready properties, as opposed to off-plan. According to Property Monitor, in 2019, 43.7 percent of Dubai Land Department transactions …
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The major hotel openings in the UAE this year
With 2020 finally over, many hoteliers are looking to this year as the start of recovery. Just a few weeks into January, we’ve already seem some highly important hotels open in the UAE, and we know …
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Tabreed unit to enhance energy efficiency across ADCP buildings
Tabreed Energy Services will deliver energy efficiency services for selected buildings owned or managed by ADCP …
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Dubai Saw Drop in Sales Prices in 2020
Average sale prices in the city, which have been sinking for half a decade, dropped 8% year over year. But despite last year’s dip, Dubai sale prices are still 20% above where they stood in 2010-11, …
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IHC’s unit acquires 60% of Afkar Financial and Property Investment
Abu Dhabi – IHC Industrial Holding, a wholly-owned subsidiary of International Holdings Company (IHC), has completed the acquisition of 60% of the share capital of Afkar Financial and Property …
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UAE property market to decline further as oversupply hits close to 1mln units
Property buying in the UAE may have picked up in recent months, but the market is set to experience further declines this year due to an oversupply of residential units, which reached nearly 1 million …
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Aldar posts loss as slow sales bite market
Abu Dhabi?s biggest property developer, Aldar, posted a $214.9 million loss for the first half of this year as slow property sales continued to blight the market.
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Dubai developer Seven Tides recorded sales worth $152mln in 2020
Dubai-based property developer Seven Tides International sold properties worth $152 million in 2020 and expects to see even more purchases this year. Russian, British, French and Indian investors were …
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Accor Group announces opening of new property in Deira, Dubai
The Aparthotel Adagio Dubai Deira has opened for business according to Accor Group. Billed as a living concept, the property aims to offer guests an ‘unforgettable home away from home’ experience with …
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UAE portal publishes property transaction data in ‘massive step’ towards transparency
Buyers and sellers in the UAE are being given access to detailed property transaction and trend data for the first time, in what’s being described as a “massive step forward” for the region’s real …
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