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Category: PROPERTY

Posted on 14/06/2020

RAK Properties’ profit jumps three-fold on the back of higher operating income

RAK Properties reported a more than three-fold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs despite a drop in revenue. Net profit for …
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Posted on 11/06/2020

Etihad, Aldar Properties ink major partnership deal

UAE’s Etihad Airways and Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, have entered into a historic partnership that brings benefits to Etihad …
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Posted on 11/06/2020

Etihad Airways and Aldar retail sign major partnership agreement

Iconic Abu Dhabi brands sign major agreement allowing Etihad Guest members to earn and spend miles with their Visa cards while shopping at Yas Mall, Al Jimi Mall and World Trade Center …
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Posted on 10/06/2020

Restaurants, tourism firms in Abu Dhabi can apply for 20% rent refund

“In line with the economic initiatives packages launched by the Abu Dhabi government to support the private sector during the current Covid-19 impacts, the Abu Dhabi Department of …
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Posted on 09/06/2020

Combating coronavirus: Restaurants, tourism firms in Abu Dhabi can apply for 20% rent refund

“In line with the economic initiatives packages launched by the Abu Dhabi government to support the private sector during the current Covid-19 impacts, the Abu Dhabi Department of Economic Development …
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Posted on 09/06/2020

Summer staycation deals in Dubai, Abu Dhabi and Ras Al Khaimah: from late check-out to hotel credit

Many hotels in the Emirates are offering packages for residents with discounts, dining deals and more For many in the UAE, the summer season is synonymous with travelling. Of course, things are a tad …
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Posted on 09/06/2020

Mideast Stocks: Property stocks weigh on Dubai; Saudi up on banks

Dubai’s stock market was on course to snap six sessions of gains on Tuesday, pressured by losses in real estate shares, while the Saudi index gained on the back of a rally in banks. Dubai’s main share …
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Posted on 08/06/2020

Lootah outlines top 5 post-Covid UAE real estate trends

Providing an analysis on the real estate sector as the UAE adjusts to the new normal, Dubai-based Lootah Real Estate Development outlined the top 5 trends that will shape up the local property market …
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Posted on 08/06/2020

Dubai’s residential properties value down 11.5pc in May

Residential Capital Values for Dubai stood at 70.6 points declining at a continued accelerated monthly rate of 1.9%. The weighted average residential capital value per sq ft in Dubai in May fell below …
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Posted on 08/06/2020

Dubai’s monthly house price index increases 1.36%: DLD

The results were announced as part of the second edition launch of ‘Mo’asher’ – Dubai’s official sales price index – produced by DLD, in partnership with Property Finder. The current index displays …
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Posted on 08/06/2020

DLD partners with Property Finder: launches second edition of Mo’asher

In April 2020, we saw 1,808 transactions recorded, despite being on full lockdown in April Dubai Land Department successfully managed to continue transacting properties digitally Dubai – Dubai Land …
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Posted on 08/06/2020

Property portal Ajar now has $7.5m to deploy

Funds will be used for geographical reach as well as add more bells and whistles to portal Dubai: Ajar, the DIFC based property management and rent collection portal, closed its pre-Series A funding …
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Posted on 08/06/2020

DLD, Property Finder launch official Dubai sales price index

Dubai Land Department (DLD) has joined hands with Property Finder to launch the second edition of the emirate’s official sales price index, Mo’asher. The duo is working to improve and expand it to …
( read original story …)


Posted on 08/06/2020

Reportage Properties’ projects on progress despite COVID-19

UAE – Abu Dhabi-headquartered Reportage Properties is implementing the construction works of its projects in Abu Dhabi and Dubai according to the specified schedule despite the coronavirus (COVID-19) …
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Posted on 08/06/2020

Dubai property registrations drop to 1,808 deals in April

Dubai Land Department launches second edition of its property index, setting 2012 as the base year. Image Credit: Archive Dubai: Property sales registrations in Dubai for the first quarter were up 16 …
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Posted on 08/06/2020

Dubai sees ‘unexpected’ slight uptick in property prices in April

Dubai property prices experienced an “unexpected” uptick in April, with prices increasing 0.49 percent from the previous month, according to new data from Property Monitor. In its monthly market …
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Posted on 08/06/2020

UAE expats: How to retire rich, starting from zero savings

Expats in the UAE have a prime opportunity to earn and save tax-free while enjoying a high quality of life. HSBC’s Expat Explorer Survey of 2019 ranks the UAE ninth overall among best countries to …
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