Overall property transactions in Dubai totalled Dh204 billion in the first nine months of 2017, according to the Dubai Land Department (DLD) data released on Monday. This was done through 52,170 transactions. This compares to Dh259 billion worth of …
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Abu Dhabi establishes $3m incentive scheme for events organisers
Abu Dhabi’s Department of Culture and Tourism has launched an … The new grant is open to all entities in the retail and events industry, venues and intellectual property owners. The initial phase is now open and will run until December 31.
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Dubai property demand rising on back of Expo 2020 – Land Department
Demand for real estate in Dubai is growing even as the emirate prepares to host Expo 2020, the Dubai Land Department (DLD) has said in its latest report. In the first nine months of this year, a total of 52,170 transactions were recorded with a total value …
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Schon Properties Enters Jordan Market With New Office
Schon Properties, an award-winning Dubai based property developer, opens a regional sales and marketing office in Amman, Jordan located at Emaar Towers, to expand its investor base from the Levant market. Jordanian investors have contributed significantly …
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NYU Abu Dhabi to Host Crucial Scientific Data From Space Observatories
New York University Abu Dhabi (NYUAD) is hosting crucial scientific data collected by space observatories. The National Data Center (NDC) at NYUAD will be the first location in the UAE that will acquire, archive, and process selected scientific data sets …
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Abu Dhabi’s launch of short-selling set to attract big investors
The stocks include FAB, the country’s biggest lender, the telecom operator Etisalat, the lender Abu Dhabi Commercial Bank and the developer Aldar Properties. The launch of short-selling “is further evidence of the strong commitment towards structurally …
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Dubai’s Schon Properties opens office in Jordan
RELATED ARTICLES: Phase 1 of Schon Properties’ $871m Dubai development sold out | Aecom wins contract for Jordan’s King Hussein Medical City expansion | Saudi group bags funding for solar project in Jordan Dubai-based property developer, Schon …
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REPORT: Where apartment value has dropped the most in Dubai
The Q3 Dubai Real Estate Report found that Dubai Marina witnessed the greatest decline, falling by 19 percent. Downtown Dubai followed with 18 percent while Sports City and Bur Dubai followed with 16 percent. The report compared the year-on-year rate of …
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Rise in off-plan property sales in Dubai delaying market recovery
The rise in residential off-plan property sales in Dubai may now delay the recovery of the overall market, according to a new report by ValuStrat. The majority of residential transactions in the third quarter of the year came from the sales of off-plan …
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Zameen.com Holds Pakistan Property Show in Dubai
Zameen.com, Pakistan’s leading real-estate portal, took Pakistani real-estate market to Dubai by conducing its first ever Expo in Dubai. H.E. Sultan Butti Bin Mejren, Director General of Dubai Land Department inaugurated Zameen.com’s Pakistan Property …
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Abu Dhabi office rents continue fall, but outlook may be better next year
DUBAI: Average office rents in Abu Dhabi continue to fall but recent macroeconomic data could translate into a more optimistic outlook for the sector next year, property consultancy Frank Knight said. In the year to third quarter, average grade A rents …
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Indians ready to capitalise on Dubai’s lucrative real-estate industry
Mumbai (Maharashtra)[India], Oct. 18 (ANI-NewsVoir): When it comes to buying property in Dubai, Indian investors are quite willing to shell out big sums, as per a recent survey. The study conducted by Dubai Property Show, reveals the purchase pattern of …
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Sentiment fuelled buoyancy fades in Dubai with property market correction forecast
Dubai’s residential property market has slowed with a correction likely ahead as rents fell in the second quarter of 2017, sales were down to a six year low and vacancies are rising. Phidar Advisory’s Dubai Real Estate Investment Demand Index (REIDI …
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Off-plan property deals in Dubai rise, sales of completed units drop in Q3
The volumes and values of off-plan property transactions in Dubai rose in the third quarter of the year, a report by Chestertons MENA has found. While the number of transaction increased by 86 per cent from the previous quarter, the value of the deals was …
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Dubai developer Damac Properties reports 20% fall in third-quarter profit
DUBAI: Dubai developer Damac Properties on Wednesday reported a 20.24 percent fall in third-quarter profit, its third consecutive earnings decline, caused by a steep rise in cost of sales. Profit for the three-month stretch to September was at Dh719.34 …
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Dubai home below Dh1 million? I will buy
(MENAFN – Khaleej Times) All the action in the Dubai property sector is transpiring in the under-Dh1 million price market. Not only does this signify an effort by developers to tap the mid-income market segment but also the willingness of banks to finance …
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MIDEAST STOCKS-Profits at Dubai real estate firms drop
DUBAI, Oct 18 (Reuters) – Shares in Dubai real estate developers may be in focus on Wednesday after two firms reported lower third-quarter earnings, reflecting continued pressure on the Dubai property market. Dubai’s DAMAC Properties posted a 20 percent …
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