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. The …
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Dubai property prices rise slightly in April
Dubai property prices rose slightly by 0.49 percent month-on-month in April, with off-plan registrations largely exceeding resale, according to a recent report. In its monthly market report, real …
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Dh3.6 billion tech merger in Dubai: OLX and EMPG join forces
Dubai: Dubai-based Emerging Markets Property Group (EMPG) and OLX, which owns listings portals Bayut and dubizzle, have merged their Middle East and North Africa and South Asia operations to form a …
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Dubai off-plan property sales rise as big discounts entice investors
Dubai property prices rose slightly by 0.49 percent month-on-month in April, with off-plan registrations largely exceeding resale, according to a recent report. In its monthly market report, real …
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ADX-listed companies gain Dh3.3 billion in Sunday’s trades
Abu Dhabi Securities Exchange – listed firms gained Dh3.3 billion in the first session of the week, capitalising on selective buys of blue chips which drove ADX’s general index to 4141 points, up 0.54 …
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Surprise uptick in Dubai property prices as off-plan sales eclipse resale in April
Dubai property prices recorded a slight unexpected uptick in April as off-plan sales registrations eclipsed resale. According to Property Monitor data, prices in April stood at Dh …
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UAE property market use VR tech to sell units
A UAE-based property developer Azizi Developments has started offering walk-in virtual tours for its property units. The new and interactive virtual property walk-through platform, in line with UAE’s …
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BRI: COVID-19: Chinese property investors expand their horizons
While the coronavirus pandemic is having detrimental effects on the real estate sector across the world, Chinese buyers continue to search the world for good deals although overall deal closings fell …
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Covid-19: Oversupply of property in UAE and long-term consumer confidence
In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic …
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Abu Dhabi’s new advanced tech council will shift R&D ‘into high gear’
The Advanced Technology Research Council builds on recent progress to spur intellectual property in the capital …
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Abu Dhabi’s NMC Health Seeks Ch. 15 To Shield US Assets
Already facing international probes of some $4.5 billion in undisclosed debt, “aggressive” global creditor litigation and an insolvency action in the U.K., Abu Dhabi-based private health care provider …
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Dubai’s Union Properties subsidiary initiates $408mln claims against main contractor
The company clarified that the subsidiary was the subcontractor nominated by the main contractor to carry out works for a major project in Dubai …
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Profits of Abu Dhabi’s Aldar decline 39 percent in 2020 starting quarter
Real estate developer based in Abu Dhabi, Aldar Properties, said on Thursday that it suffered a 39 percent drop in its profits in the starting quarter of 2020 and said that it might delay new projects …
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Manazel reports rise in 2019 profit due to higher revenue
Abu Dhabi-based real estate developer Manazel reported a 4 per cent increase in its profit for 2019 on the back of higher revenue. Net profit for the period ending December 31 climbed to Dh240.6 …
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Dubai’s Union Properties subsidiary initiates Dh1.5 billion claims against main contractor
The company clarified that the subsidiary was the subcontractor nominated by the main contractor to carry out works for a major project in Dubai.
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Union Properties’ unit initiates arbitration procedures to claim $408mln
Dubai – Union Properties announced that one of its wholly-owned subsidiary companies undertook legal procedures to claim about AED 1.5 billion. “The Executive Management will not spare any effort in …
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UAE property owners beware – Developers reclassifying projects will cost them
Dubai in particular saw a wave of ‘hotel apartment’ launches between 2012-25 as developers tried to pull in demand for bigger units, especially from Gulf investors. Image Credit: Gulf News Archive …
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