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Category: PROPERTY

Posted on 12/11/2020

Dubai’s DAMAC loses $148.3 million in third quarter

Dubai developer DAMAC Properties on Thursday reported a 544.6 million dirham ($148.3 million) third-quarter loss, warning a recovery from the coronavirus crisis was possibly still some time …
( read original story …)


Posted on 12/11/2020

From Dubai to Malta: Balochistan lawmakers’ own assets and properties worth billions

This was stated in the documents on assets and liabilities of public office holders issued by the Election Commission of Pakistan (ECP). Jam Kamal also owns properties worth Rs720 million and Rs840 …
( read original story …)


Posted on 12/11/2020

Dubai’s Emaar Properties posts 58% slump in net profit for Q1-Q3 2020

Dubai developer Emaar Properties recorded Dhs2.43bn in net profit for the first nine months of 2020, slumping 58 per cent from Dhs5.81bn recorded during an year-earlier period. Meanwhile, the …
( read original story …)


Posted on 12/11/2020

Damac Properties slips into massive Dh931m loss in first nine months of 2020

Dubai: Damac Properties has slipped into a Dh931 million loss for the first nine months, as Dubai’s property market feels the full impact of the COVID-19 on demand. Last year, it had a profit of Dh132 …
( read original story …)


Posted on 12/11/2020

Dubai’s DAMAC loses $148.3 mln in third quarter

Dubai developer DAMAC Properties on Thursday reported a 544.6 million dirham ($148.3 million) third-quarter loss, warning a recovery from the coronavirus crisis was possibly still some time away.
( read original story …)


Posted on 11/11/2020

Dubai’s Emaar reports nine-month profit almost cut in half

Dubai’s largest listed developer Emaar Properties reported on Wednesday a near halving in profit for the first nine months of the year, while its chairman said he was “cautiously optimistic” about the …
( read original story …)


Posted on 10/11/2020

Real estate trends: Dubai’s home sales fall; decline in property prices slows down

The decline in Dubai’s residential values showed signs of decelerating in October, but sales of home units have somewhat slowed down, a new report has revealed. The average capital values for the …
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Posted on 10/11/2020

144 floors of 4 towers in Abu Dhabi to be demolished in 10 seconds. Here’s why

Abu Dhabi: The Department of Municipalities and Transport (DMT) has launched phase two of a comprehensive renovation plan to redevelop designated areas of the iconic Mina Zayed area, and transform it …
( read original story …)


Posted on 10/11/2020

Dubai: Dh500 fine for misusing balcony

Residents in Dubai have been warned against the misuse of balconies as they can be fined Dh500 for not complying with the rules. Property developer Nakheel has sent out a notice to its community …
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Posted on 10/11/2020

With assets in UAE, Azam Swati and Taj Afridi are richest among Pakistan’s senators

PTI Senator and Federal Minister for Narcotics Control Muhammad Azam Khan Swati and an independent senator from the erstwhile Fata Taj Muhammad Afridi are the richest legislators with Rs1.21 billion …
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Posted on 10/11/2020

UAE stays senators’ favourite spot for investment

ISLAMABAD: The United Arab Emirates (UAE) continues to be the favourite foreign destination of lawmakers for investment in business and properties, as most of around a dozen senators owning foreign …
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Posted on 09/11/2020

Expats: How much money should you set aside each month to retire in the UAE?

Based on the destination, money goals for retirement changes. Although retiring rich is on the minds of most expatriates, statistically it’s been observed there are very few who manage to save and …
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Posted on 09/11/2020

The UAE’s newest glamping spot will open in Abu Dhabi on Tuesday

Abu Dhabi: The city’s latest 3,000-hectare waterfront community will open to the public on November 10, just in time for residents to avail the start of the cooler weather. Al Hudayriat Recreational …
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Posted on 09/11/2020

Customers can now co-own an Ellington Properties’ home in Dubai through SmartCrowd

Dubai-based property developer Ellington Properties has launched its apartments on SmartCrowd, the first regulated online real estate investment platform, enabling customers to co-own residential …
( read original story …)


Posted on 09/11/2020

UAE yet again reaffirms its belief in tolerance, harmony and peaceful co-existence

On 7th November, the UAE announced important changes in its criminal and civil codes, including significant alterations in the inheritance laws. UAE, already one of the most liberal, tolerant and open …
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Posted on 08/11/2020

Co-own an Ellington Properties’ home in Dubai through online crowdfunding via SmartCrowd

Ellington Properties sets a new model in real estate investment through digital model of crowdfunding with investors assured of strong returns …
( read original story …)


Posted on 07/11/2020

UAE legal overhaul could decriminalise alcohol, cohabitation to draw foreigners

The United Arab Emirates plans to decriminalise “actions that don’t harm others”, potentially ending punishments for alcohol consumption or cohabitation by unwed couples in the expatriate-dominated …
( read original story …)


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