Dubai’s Damac Properties, the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94 per cent annual drop in first-quarter net profit, pressured by a slump in …
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Buying property in Dubai: is a distress deal a good deal?
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create …
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EPA discusses intellectual property
Emirates Publishers Association (EPA)organised a cultural panel about the UAE’s leading role in protecting intellectual property, in addition to the laws issued by EPA in this regard, as part of …
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Dubai’s Danube Properties planning three project launches in 2019 – chairman
Dubai’s Danube Properties is planning three new project launches this year, as the affordable housing developer reported a 78.5 percent rise in sales in 2018. Danube Properties, the development arm of …
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Abu Dhabi’s Aldar Properties posts 17.3% drop in Q1 profit
Aldar Properties, the largest property developer in Abu Dhabi, plans to spend Dhs2.75bn ($749m) in 2019, its chief financial officer said after the company reported a 17.3 per cent drop in first …
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Aldar Properties : Land sales will drive the freehold action in Abu Dhabi
— Land gets a major boost as Abu Dhabi allows foreigners freehold rights Dubai: Aldar Properties will pursue land sales aggressively to investors, including to those foreign buyers and institutional …
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Dubai’s Danube Properties planning four project launches in 2019 – chairman
Dubai’s Danube Properties is planning four new project launches this year, as the affordable housing developer reported a 78.5 percent rise in sales in 2018. Danube Properties, the development arm of …
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UAE residents most enthusiastic property searchers: HSBC
People in the UAE spend more time reading about and researching property than in nine other major markets, according to a new survey from HSBC. The bank said in a press release that a survey conducted …
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How Does Ramadan Affect the Dubai property market?
Carl Allsopp, COO of Allsopp & Allsopp explains the misconceptions between the holy month of Ramadan and the Real Estate market of Dubai. Do a lot of people travel during Ramadan? We all live in a …
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What makes The Abu Dhabi EDITION one of the UAE’s best luxury hotels?
A modern property full of history, art and enough food to ensure you’ll never want to leave – Danae Mercer heads to Al Bateen Peninsula to discover The Abu Dhabi EDITION A meat sommelier named Charlie …
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Q1 net profit down by 72% at Eshraq Investments in Abu Dhabi
Abu Dhabi Securities Exchange-listed (ADX) real estate and investment firm Eshraq Investments has seen net profits decline by more than 70% in the first quarter of 2019, with revenue also reducing …
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Why the holy month may just change the way you see Abu Dhabi
This means that Abu Dhabi truly becomes a city of the night … cannon were used as a way to signal that it was time to break bread. The beauty and blessed properties of the Arabic language are …
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Abu Dhabi’s albatross
Like the Chrysler, each property racked up losses for its foreign investors. During the height of the commodities boom a decade ago, Abu Dhabi enjoyed a $170 billion surplus thanks to its oil …
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Dubai property market sees ‘healthy’ off-plan deals balance in Q1
Thirteen Dubai commercial property deals worth more than AED100 million ($27 million) each were reported during the first four months of 2019, according to new research. Property Finder, the UAE-based …
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Dubai developers offer heavy incentives to attract property buyers
(MENAFN – Khaleej Times) Lucrative incentives, innovative payment plans and freebees are tempting investors and tenants to own a home in Dubai as developers are going the extra mile to dispose of …
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Despite depressed Dubai property market, off-plan sales soar
DUBAI, UAE – The property market in Dubai may be in depression, but off-plan sales are booming. Prices of property and rentals have fallen to levels not seen since the Global Financial Crisis, yet …
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Dubai property market records a fourth month of sales growth
Dubai: Dubai’s property market has come up with a fourth successive month of improved sales, both on off-plan and ready units. And with enough prospective buyers out there, developers in Dubai — …
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