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Category: PROPERTY

Posted on 19/07/2020

Seven Tides Appoints Minor Hotels to Manage Ibn Battuta Gate Property

396-key Ibn Battuta Gate property in Dubai. UAE-headquartered upscale residential, hospitality, and commercial property developer Seven Tides has confirmed Minor Hotels will be the new operator of its …
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Posted on 17/07/2020

It’s proving a long wait for some Dubai property owners to get their homes

All good except for the handover…. Ahmed and Hussein Ghannaj are still waiting for their unit handovers to commence. Image Credit: Virendra Saklani/Gulf News Dubai: Buying a property when a project …
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Posted on 16/07/2020

Overseas investor base in Abu Dhabi’s ADX rises by 25% in H1 2020

TAQA is now one of the largest companies on ADX. Property developer Wahat Al Zaweya, Agthia, Abu Dhabi Islamic Bank and Methaq Takaful Insurance raised their limits for foreign investors during H1.
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Posted on 16/07/2020

Abu Dhabi’s ADX expects one IPO and listing of an ETF by end of 2020, CEO says

ADX chief executive Khaleefa Al Mansouri said The Abu Dhabi Securities Exchange expects an initial public offering and the listing of an exchange-traded fund in the second half of the year as the …
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Posted on 15/07/2020

UAE: Ever thought to buy property in Spain? We have the answers!

Spain remains one of the most popular destinations for foreigners to buy property, either for retirement purposes, investment income or as a second home. For Europeans, Spain’s varied climate offers …
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Posted on 15/07/2020

Modon begins work on 15 mosques in Abu Dhabi, Al Ain

Abu Dhabi’s Department of Municipalities and Transport (DMT) has begun work on 15 mosques in Abu Dhabi, Al Ain, and Al Dhafra this month, in collaboration with Modon Properties (Modon), a subsidiary …
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Posted on 14/07/2020

fam Properties goes big on Dubai real estate data

Dubai: A data-focussed property portal and app has been launched by fam Properties, offering trends on Dubai sales and other key info. These are based on data churned out by Dubai Land Department. “It …
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Posted on 13/07/2020

15 new mosques to come up in Abu Dhabi

The development has been started by the Department of Municipalities and Transport, Abu Dhabi, in collaboration with Modon Properties, a subsidiary of ADQ mandated by the Government of Abu Dhabi to …
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Posted on 13/07/2020

Dubai homeowners need to gain full control of their assets

Image Credit: Gulf News Archive As a property investor in Dubai, I would start by asking two questions… * How many homeowner associations have been registered since 2007? * Who has the actual …
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Posted on 12/07/2020

Mideast Stocks – Gulf bourses gain ahead of earnings, Dubai’s DAMAC surges

Most major stock markets in the Gulf rose in early trade on Sunday ahead of the usual flurry of corporate results that begins after July 15 each year, with DAMAC Properties leading Dubai shares higher …
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Posted on 10/07/2020

‘That’s why I’m buying a house here’: Dana White says UFC events to continue at Abu Dhabi ‘Fight Island’ until NEXT YEAR

UFC president Dana White has signaled the promotion could extend its stay on Fight Island in Abu Dhabi “easily into next year,” saying he is even looking at buying property in the UAE.
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Posted on 10/07/2020

Polish Up Your Résumé: The World’s Largest Property Owner Needs A New Boss

Blackstone might be the world’s biggest manager of real estate, but ADIA is the largest direct owner, with $62B of its $828B of assets invested in property. ADIA manages the portfolio in-house, and in …
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Posted on 09/07/2020

COVID-19: Shifting houses in the UAE? Here’s how you navigate through a mountain pile of costs!

They should book the moving company one week before shifting house,” said Vijay Kumar, Founder and CEO, MoversZone LLC, an aggregator for moving services. “The cost of moving depends on the amount of …
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Posted on 09/07/2020

Dubai property market set for V-shaped recovery

Real estate sale transactions in Dubai jumped by 60 per cent month-on-month in June 2020 signalling patterns of a V-shaped recovery, according to developers and property experts. Real estate portal …
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Posted on 09/07/2020

Panel probes Magu over alleged ownership of Dubai properties

The PUNCH gathered that the Justice Ayo Salami-led panel was interested in establishing if indeed Magu bought properties abroad, particularly in Dubai, where he was said to have travelled to …
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Posted on 08/07/2020

Mideast Stocks: Major Gulf bourses retreat; Egypt resumes gains

Major Gulf stock markets ended lower on Wednesday, with financials and property shares weighing on indexes in the United Arab Emirates, while the Egyptian bourse advanced on the back of its top lender …
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Posted on 08/07/2020

Post-lockdown, where are Dubai investors buying properties?

Low interest rates and falling prices have convinced a number of property buyers to swing back into action after Dubai ended its lockdown. Total real-estate sales transactions grew by 60 percent in …
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