Category: PROPERTY

US President elect Donald Trump turned down a $2 billion property deal in Dubai a few days ago. Had it not been rejected, developer Damac Properties would have added another feather to its portfolio of properties known for their association with the …
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If the endless posts peppering your social media feed are to be believed, almost everyone is pleased to see the back of 2016. Whether it was regional economic turmoil, war, terrorism or the untimely death of your favourite celebrity, 2016 wasn’t a great year.
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Abu Dhabi National Insurance Company – We at ADNIC are trusted insurance partners with long standing expertise in providing reassurance and support to individuals and corporates to manage unpredictable health, life and general risks. We are, a leading …
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Property All Risk Dubai by SALAMA – Islamic Arab Insurance Company – This Policy indemnifies against the accidental physical loss or damage to the Property Insured described in the policy. It includes loss or damage due to fire, lightning, aircraft …
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Dubai’s Damac Properties expects to maintain its 25 per cent cash dividend policy for 2016 despite profit declines in the first three quarters, its group chief financial officer said on Sunday. The developer’s board set a minimum 25 per cent cash …
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Property Insurance Dubai by RAK Insurance – From small local shops to large multi-national corporations, everyone would like to obtain the best insurance rates and cover for their business property. Owners of commercial properties require building …
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Property All Risks Insurance Dubai by Insurance House – This policy covers all risks of physical loss, destruction or damage to the insured property which occurred during the policy’s period and is subject to certain terms, conditions and exclusions.
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Once pronounced dead after the global economic slowdown of 2008-2009, consultants and developers now say Dubai’s off-plan property market is alive – and kicking – in 2017. Buying off-plan property refers to purchasing property in advance of its completion.
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ABU DHABI Jan 5 The emirate of Abu Dhabi has imposed a fee on expatriates renting homes there as it seeks to increase state revenues that have fallen due to low crude prices. The municipal fee, equivalent to 3 percent of a tenant’s annual rent, will take …
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Property owners, however, do not have to pay the fee. The municipal fee in Abu Dhabi mirrors the 5 per cent municipality charge collected in Dubai by the Dubai Electricity and Water Authority, and the 2.5 per cent fee collected in Sharjah at the time of …
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Property All Risk – This policy is suitable for large, residential, commercial and industrial risks. All risk policy provides a broader coverage than Fire & Allied perils policy. This policy covers accidental loss or damage to insured property.
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Dubai could be considered the New York of the Middle East, with towers equipped with luxury amenities and superior business facilities. The deeper-pocketed property market is dominated by Indians, Pakistanis, and British––in that order. The United Arab …
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Read: Abu Dhabi introduces 3% tax on expat property rentals It was first announced in the February 2016 edition of the Official Gazette and reported on in April but few expected the fee to be backdated after being introduced. The backdating terms mean that …
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Residential rents in Abu Dhabi fell by about 5 per cent last year as job cuts in the energy and banking sectors weakened demand, especially at the premium end of the market. But Andrew Covill, a director of property brokers Henry Wiltshire, said he did not …
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It was in August 2014 when the ruble tumbled into a free fall until on January 22 it hit its worst exchange rate to the US dollar (82.9:1) since the introduction of the “new ruble” in 1998. But soon after that it began to stabilise and now hovers …
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Business-related amenities at this 5-star property consist of a business center and meeting rooms. 11 meeting rooms are available. This luxury aparthotel also offers a children’s pool, spa services, and tour/ticket assistance. Onsite self parking is …
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2 new Rotana properties – including 6 five-star hotels – to open in Dubai, Abu Dhabi and Ras Al Khaimah within the next four years – USD 1.7 billion estimated total value of new hotels under its management Rotana earlier this month announced plans to open …
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