Over the coming weeks, certain entities will roll out recognition activities and celebrations for frontliners and their families.
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Low real estate values in Dubai boost sales but are property stocks the real opportunity here?
It’s a fuzzy picture of renewed real estate sales activity in Dubai, low property values, increased sales, interest from retirees yet prices are not yet bottoming out causing a reluctance to sell, and …
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Cricket in UAE: One eye on future for Abu Dhabi T10 League
In his new role, Lorgat will advise Mulk on growth strategies for T10 cricket. He will also develop, profile and promote the Abu Dhabi T10 League worldwide with the aim of having …
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Intercontinental Exchange Provides Update on Plans to Launch ICE Futures Abu Dhabi and World’s First Murban Crude Futures Contracts
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today provides an update on its …
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Abu Dhabi T10 bring in ex-ICC chief executive Haroon Lorgat to help globalise format
“But with the announcement of vaccines being administered in Abu Dhabi in particular … “His role is not only the UAE property, but to take it global to the rest of the world, where we feel there is …
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UAE residents may see lower rents and more options to upgrade lifestyle
Apartment to villa As the property prices have experienced a decline during the past couple of years, rental too has experienced the snowball effect across the UAE. Residents who survived the Covid-19 …
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Number of Real Estate Transactions Rise in Dubai as Prices Continue To Remain Favourable for Buyers and Tenants
Dubai’s real estate market has seen some promising signs of stability with most commercial activities resuming across the emirate. As per Bayut and dubi …
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UAE’s property market could do with a reset on customer practices
In 2018, Dubai’s property segment contributed 13.6 per cent of GDP, while the figures for Abu Dhabi and Sharjah respectively were 14.4 per cent and 10.7 per cent. In other words, to paraphrase an old …
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UAE’s housing market remains dismal
The UAE’s housing market continues to suffer, amidst a huge supply glut of both apartments and oil. In Dubai, residential property prices fell by 3.27% during the year to Q2 2020, an improvement from …
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COVID-19 impact: Fewer Dubai flats, villas coming to market in 2020
Despite growing interest in ownership or investment in homes in Dubai, few new villas and flats are becoming available, as the coronavirus pandemic has markedly stalled the citys …
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Dubai to see considerably slower supply over the next 5 years
With many districts transacting nearly 35 per cent lower than their 2014 peaks, sales prices remain at a cyclical low …
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The future of localisation in the UAE
The Abu Dhabi Department of Economic Development, which had previously soft-launched its localisation scheme (Abu Dhabi Value), followed suit in early 2020. Then in September 2020, Emirates Nuclear …
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First-time realty buyers return to Dubai market
First-time property buyers have entered the Dubai housing market in a significant manner as increased long-term confidence in Dubai, lower mortgage rates, higher loan-to-value ratio and discounted …
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Court rejects man’s plea to force ex-wife pay part of bank loan in UAE
The man had also urged the court to issue orders to the woman to vacate one of the two apartments in the villa.
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New UAE Real estate consortium to boost property sector. Have prices hit bottom?
Look who’s on the way back: UAE’s real estate sector. Were there ever any doubts in the presence of COVID-19? Yes, but those are quickly vanishing. A consortium of premier real estate companies has …
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UAE expat was helping a stranger when he won $1 million
Abu Dhabi resident Mohammed Shafique was helping a stranger on the road when he got the best surprise of his life. He won the $1-million jackpot in the latest Dubai Duty Free (DDF) Millennium …
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Property shares weigh on Dubai bourse; other markets muted
Major stock markets in the Gulf were little changed in early trade on Wednesday, with losses in real estate shares weighing on the Dubai index.
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