Shares of Dubai’s DAMAC Properties surged nearly 11 percent to 0.761 UAE dirham ($0.2072) in early trade, after Reuters reported that its chairman is weighing buying out minority shareholders and …
( read original story …)
Gang on trial for trying to sell Dh11 million Dubai property that wasn’t theirs
A gang of four are on trial in Dubai accused of forging official documents to scam a property developer into selling land worth Dh11 million. A legal department employee at the property developer …
( read original story …)
Dubai property: Buying and renting villas skyrockets during coronavirus crisis
Dubai’s fountain show resumes beneath the Burj Khalifa tower, on June 5, 2020, following coronavirus lockdown. (File photo: AFP) Interest from buyers and renters in villas throughout Dubai skyrocketed …
( read original story …)
Sheikh who installed Evian water tanks at mansion accused of ‘reckless extravagance’ in lawsuit
A blockbuster case making its way through the London High Court is shedding light on the finances and extravagant, secretive lifestyle of the world’s fourth richest royal. Sheikh Khalifa bin Zayed …
( read original story …)
Sheikh with so many homes: RICHARD KAY goes through the Emir of Abu Dhabi’s keyhole
This week the High Court heard how Sheikh Khalifa was accused of reckless extravagance in a legal battle between him and the former managers of his London property empire.
( read original story …)
COVID-19 – NRIs: UAE expats going home? Here are your top options when purchasing property in India
I have a UAE job offer but can’t fly in. What should I do? COVID-19: I got a job in another emirate, can I put my family visa on hold in the UAE? If, as an Indian expat, you have decided to live in a …
( read original story …)
After COVID-19, UAE property market is expected to recover in phases – Time now to buy a home?
The COVID-19 pandemic has been causing disruption across most industries and the UAE’s real estate market is expected to face strong headwinds Given the uncert …
( read original story …)
UAE: Why holding on to your money is crucial to riding out COVID-like emergencies!
Most people who are working from home now do not spend as much money as they did earlier. They don’t go to malls or eat out at restaurants. Now, most people prefer to cook at …
( read original story …)
Khalifa Hasan Ali Saleh Al Hammadi appointed chair of Union Properties
Khalifa Hasan Ali Saleh Al Hammadi has been appointed chairman of Dubai-based developer Union Properties. Al Hammadi, who was appointed as vice chairman and chief executive officer of the Dubai Motor …
( read original story …)
Emaar Properties permits interim dividend distributions
DUBAI – Properties Emaar, PJSC, in its General Assembly meeting on Sunday, approved the amendment of Article (57) of the company’s Articles of Association that may allow the distribution of interim …
( read original story …)
Top Dubai executives earned over AED3m each in salaries and bonuses in 2019
According to latest data and filings: Dubai Investments CEO earned AED4.65m in 2019 and AED5.25m in bonuses during 2019. Du’s CEO was paid AED4.75m plus an additional AED4.76m in bonuses during the …
( read original story …)
Dubai Tourism awards Meliã Desert Palm Dubai five-star status
Boutique polo resort Melia Desert Palm Dubai is celebrating its 12th anniversary with the announcement that they have received the five-star certification from the Department of Tourism & Commerce …
( read original story …)
Saudi property financing firm Amlak says sets price range for IPO
Saudi Arabian real estate financing firm Amlak International has set the price range for its planned initial public offering (IPO) at between 15 riyals ($4.00) and 17 riyals, it said in a statement on …
( read original story …)
Illegal slaughterhouse shut down in UAE for flouting hygiene rules
Besides the residential house, two other facilities were also seized for flouting commercial activity norms and storing goods in unlicensed warehouses.
( read original story …)
Jumeirah Group launches daycation packages at four of its Dubai hotels
Hotels and resorts within Dubai have been given the green light to reopen private … Celebrating the ease in restrictions, Jumeirah Group has rolled out daycation packages at four of its properties …
( read original story …)
Revealed: Eleven of the best staycation deals in Dubai
Issa Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM) said he hopes encouraging local visitors to the properties across the emirates will help kickstart the sector, which has …
( read original story …)
Chinese interest in Australian property shrinks as diplomatic rift grows
Chinese buyer enquiries for Australian homes fell to their lowest in almost three years in May, according to independent data, suggesting multi-billion dollar housing demand could be another casualty …
( read original story …)