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Category: PROPERTY

Posted on 15/09/2020

The challenges and opportunities when buying a home in Dubai in 2020

The way in which we buy homes in 2020 has had to change and it has had to do so very quickly. With lockdown shutting down the real estate market in Dubai and other cities globally, a lot of new ways …
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Posted on 15/09/2020

Apollo Group Invests $2.7 Billion in UAE Oil Firm’s Property

A consortium led by Apollo Global Management Inc. agreed to invest billions of dollars in the real estate of Abu Dhabi’s oil company, in what will be one of the Middle East’s largest property deals.
( read original story …)


Posted on 15/09/2020

777 new cases, Dubai property prices, UAE to sign Abraham Accord – The Daily Update

On today’s update we have the latest coronavirus figures, the approval of a Covid-19 vaccine for frontline workers in the UAE and Dubai property maintains investor interest …
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Posted on 14/09/2020

Abu Dhabi JIIC awards Jubail Island homes design contract

Jubail Island is a designated freehold investment zone in Abu Dhabi that will comprise a mix of serviced plots, high-end and mid-range properties as well as retail, office park and F&B outlets.
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Posted on 14/09/2020

PROJECTS: Abu Dhabi’s JIIC awards design contract for Jubail Island Phase 1

Jubail Island is a designated freehold investment zone in Abu Dhabi that will comprise a mix of serviced plots, high-end and mid-range properties as well as retail, office park and F&B outlets.
( read original story …)


Posted on 14/09/2020

First Abu Dhabi Bank partners Aldar for card-based payment to property tenants

Aldar tenants can use First Abu Dhabi Bank’s card payment processes to do the needful. Image Credit: Gulf News Archive Dubai: First Abu Dhabi Bank (FAB) is partnering Aldar Properties’ real estate …
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Posted on 13/09/2020

UAE: As pay cuts persist, is it time to quit your current job, find an additional one or upskill?

Majority UAE residents see pay cuts lasting another six months – survey Dubai: With nearly half of the population in the UAE currently facing a pay cut and most of them foreseeing the reductions to …
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Posted on 13/09/2020

UAE: With pay cuts persistent, is it time to quit your current job, find an additional one or upskill?

UAE residents currently see pay cuts continuing for another six months: survey Dubai: With nearly half of the population in the UAE currently facing a pay cut and most of them foreseeing the …
( read original story …)


Posted on 13/09/2020

Dubai South Properties invests Dh500m in new staff accommodation

Sakany is fully-compliant with Expo 2020 welfare guidelines, making it the ideal accommodation for contractors working at the Expo 2020 site …
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Posted on 12/09/2020

UAE cabinet decision: Residential homeowners must install fire detectors

The decision was taken on Saturday in a cabinet meeting Dubai: The UAE Cabinet on Saturday issued a decision compelling residential homeowners to install fire detectors and participate in the …
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Posted on 10/09/2020

Dubai realty stays strong in crisis

Dubai property sector is on recovery track and will remain the region’s best destination for real estate investments after COVID-19 pandemic, said Talal Moafaq Al Gaddah, CEO of MAG Development.
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Posted on 10/09/2020

UAE-KSA conference discusses property market challenges

Dubai Real Estate Institute (DREI), in Dubai Land Department (DLD), concluded the virtual ‘UAE-KSA Real Estate – post-COVID-19’ conference that was organised in cooperation with the Smart Decision Tra …
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Posted on 10/09/2020

Israel’s ‘undercover attache’ in Dubai

Oh, yes”, says Simon Eder, casually, “we had a donation of a sefer Torah from a sheikh who owned one of the big Dubai property companies. He wanted to have his name on the cover of the Torah, so I …
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Posted on 09/09/2020

What residents need to keep in mind when buying home insurance in the UAE

Many UAE residents still overlook the need for home insurance when buying or renting property in any emirate, but matter experts caution that not having home insurance is a bigger-than-usual risk …
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Posted on 09/09/2020

5-year renewable visa plan for UAE retirees has property market primed for action

Dubai Tourism and the General Directorate for Residency and Foreigners Affairs announced on September 2nd a 5-year visa for residents and non-residents who qualify for retirement in the Emirate. All …
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Posted on 07/09/2020

Abu Dhabi developer Manazel slips to Dh98.8m loss in first-half 2020

Manazel is the developer of the Al Reef Community in Abu Dhabi. It has an extensive property portfolio, but had to take impairment charges in the first-half of 2020. Image Credit: Gulf News Archive …
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Posted on 07/09/2020

Robust real estate: Dubai’s ready home sales surpass 2019 transactions

More investors piled into the Dubai property market in recent weeks, with sales of completed homes last August surpassing those of last year’s, the latest figures showed. Transactions involving …
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