The developer of the Burj Khalifa, the world’s tallest building, did not say why profit fell, though Dubai’s property market has been suffering from a prolonged downturn.REUTERS | November 15, 2018, 0…
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From Real Estate to Aviation, It’s Been a Tough Week for Dubai
It’s a week Dubai companies would like to forget. The biggest of them, in real estate and aviation — industries underpinning the economy of the Middle East business hub — posted lower profits. The b…
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UPDATE 1-Aldar Properties profit drops 30 pct, hit by higher costs
ABU DHABI, Nov 15 (Reuters) – Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 30 percent fall in third-quarter profit due to higher costs and the lack of governme…
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A weekend getaway at Abu Dhabi’s Bab Al Qasr hotel
Guests in rooms facing the front of the five-star property also enjoy spectacular views over the Abu Dhabi Presidential Palace and the nearby coastline. After being checked-in by the attentive …
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Abu Dhabi’s Aldar reports 30% fall in Q3 profit
Abu Dhabi developer Aldar Properties reported a 30 per cent dip in third quarter profit on Thursday as a slump in the emirate’s real estate marked continued. Aldar’s profit attributable to its …
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Dubai chases more UK property investors with third London show
Dubai Land Department (DLD) will launch the third edition of the Dubai Property Show in London on Friday as the emirate looks to lure more British real estate investors. The show, which runs from Nove…
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Damac chief confident of Dubai property market recovery by 2021
DUBAI: One of the UAE’s leading property developers believes that the property market will pick up again by 2021. Hussain Sajwani, the billionaire founder and chairman of Dubai-based Damac Properties, …
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NOW OPEN: THE ABU DHABI EDITION IS THE FIRST BOUTIQUE HOTEL IN THE CAPITAL
There is a new world to discover at The Abu Dhabi Edition Hotel in Abu Dhabi We felt very privileged this week to have a sneak peek at a gorgeous new property in Abu Dhabi, the first of its kind bouti…
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Abu Dhabi’s Aldar awards main contract for $2.7bn Alghadeer
… agreement for $2.7bn Alghadeer development | Aldar inks deals for two plots in $2.7bn Alghadeer masterplan Abu Dhabi-listed Aldar Properties has awarded a main construction contract for its “susta…
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Aldar awards construction contract for mega Abu Dhabi project
Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the fi…
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DLD organises Dubai Property Show – London
Dubai, United Arab Emirates: Dubai Land Department (DLD) is proud to organise the third edition of the Dubai Property Show to London from 16 – 18 November 2018. The three-day show will bring leading r…
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Dubai launches New York office as it chases more US property investors
The office will work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors. Dubai Land Department (DLD) has inaugurated …
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Dubai Land Department opens real estate office in New York
DUBAI, 11th November, 2018 (WAM)—The Dubai Land Department, DLD, has opened a real estate promotion office in New York, in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of Maji…
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DLD, ADGM in deal to promote Dubai real estate
The Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM). The MoU was signed by Sultan Butti bin Mejren, directo…
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Dubai Land Department inaugurates real estate promotion trustee office in New York
Dubai, United Arab Emirates:Dubai Land Department (DLD) inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of HE Maji…
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A cityscape in flux: The outlook for the UAE property market
These included Dubai’s Union Properties, which announced the Dhs2.5bn ($680.6m) Avenue District – a 2 million square feet project within its Motor City master development that includes One …
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Sales, prices and rents fall in Abu Dhabi in third quarter of 2018, latest data shows
Property sales in Abu Dhabi fell in the third quarter of 2018 as demand fell while residential prices and rents also declined, according to the latest index report. The data from the Asteco market rev…
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