The total value of property transactions in Abu Dhabi rose 34 per cent to reach Dh6.3 billion in April as the emirate stepped up efforts to stimulate investment amid the coronavirus outbreak.
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Abu Dhabi’s Aldar Q1 profit down 39%, warns virus could delay project launches
Abu Dhabi developer Aldar Properties reported a 39% fall in first-quarter profit on Thursday and warned it could delay new project launches due to the coronavirus pandemic. The state-linked builder of …
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Abu Dhabi’s Aldar reports 39% fall in Q1 profit
Abu Dhabi developer Aldar Properties ALDAR.AD on Thursday reported a 39% fall in first-quarter profit, which it said was largely due to a one-off adjustment. The developer made 302 million dirhams …
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Interest in the business of property will not disappear
Dubai’s property sector was hopeful about seeing positive growth during the Expo, which has now been postponed to October 2021. When the event does take place, the nation’s real estate industry will …
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UAE- DLD starts remote property registration system
(MENAFN – Khaleej Times) Dubai Land Department (DLD) has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions …
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Dubai Land Department introduces remote property registration system
DUBAI – Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their …
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DLD starts remote property registration system
The registration processes start with sending details of real estate transactions to the registration trustee.
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Dubai unveils remote property registration
Dubai Land Department (DLD) has introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their properties remotely from …
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The COVID-19 impact: Property sales in Dubai drops by about 50%
The decline in real estate values in Dubai accelerated in April while sales of apartments and villas dropped by about 50 percent due to the coronavirus pandemic. The monthly decline for residential …
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Is this the right time to invest in property? Experts weigh in
However, for the seasoned investor, this could be just the right time to grab some property in the UAE. Why miss a clear opportunity to come out of the pandemic with a top-tier asset bought at a heavy …
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Dubai Landlord Offers Rent Relief Due to Pandemic
ENBD REIT Plc, the real estate investment trust managed by Dubai’s biggest bank, joined efforts to offer relief to clients impacted by the coronavirus pandemic in the Middle East business hub.
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Intellectual property complaints drop 34 per cent in Dubai during Q1 2020
Dubai: Complaints against flouting Intellectual Property (IP) rights have dropped by more than a third (34 per cent) in quarter one of 2020 in Dubai, compared to the same period in 2019, Dubai Economy …
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‘Whale’ in Dubai Mall fountain area creates splash on social media
A ‘whale’ in the Dubai Mall fountain area has set social media abuzz. The 10-second CGI video of a whale doing a flip in the Dubai Mall fountain was shared by Emaar, the developer of the property. “,” …
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Property trends: UAE investors, tenants prefer villas amid coronavirus
Demand for villas and townhouses, as well as hotel apartments, in Dubai and Abu Dhabi has gone up in the last few months, as a growing number of UAE residents look to escape crowded buildings and …
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GCC stock markets open higher; Dubai, Saudi lead
Dubai Financial Market index rose above 1,900 points after it gained 0.94 per cent on the first trading day of the week.
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REFILE-Dubai developer Nakheel slashes salaries due to coronavirus crisis
Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters, and its chief executive resigned …
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With Dubai Expo Postponed, Home Buyers to Benefit from Another Year of Price Declines
Now 7% is very much on the optimistic side.” The organization that oversees the world’s fair, the Paris-based Bureau International des Expositions, announced last week that its members passed an …
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