RELATED ARTICLES: Dubai Properties unveils Middle East’s largest living green wall | Sheikh Hamdan approves DLD restructure | Project update: Inside Dubai Properties’ minimalist $272m 1/JBR tower Duba…
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Traps to avoid when buying property in the UAE
The sales market has been buoyant in the off-plan sector but troubled in the secondary market for some time now. Prices have been sliding since 2015 due to the oil price crash and resulting issues aro…
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Health hazard abandoned buildings earmarked for demolition in Abu Dhabi
Abu Dhabi City Municipality has already started the process of tearing down the 44 eyesore properties, with work underway to remove the rest. The municipality has said that they are among a total of 9…
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Central Hotels unveils new Dubai property
Dubai-based Central Hotels is growing its footprint rapidly with the soft opening of its new five-star resort at The Palm, Dubai. The stunning Royal Central Hotel features 207 elegantly-appointed room…
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Dubai Properties to support DLD initiatives, projects
Dubai Land Department (DLD) has announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai’s real estate sector. The agreement was signed by Sultan Butti …
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Oversupply continues to impact Dubai property rents, prices in Q2
Dubai’s residential market is continuing to feel the pressure of property oversupply, according to Chestertons. Its latest Observer: Dubai Q2 2018 report said overall rental rates for apartments and v…
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UAE cities see some of world’s biggest property price falls
The UAE cities of Abu Dhabi and Dubai have seen some of the world’s biggest property price declines in the past 12 months, according to Knight Frank. Its latest Global Residential Cities Index Q1 2018 …
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UAE Business Brief – Patents, Trademarks & Counterfeiting
and a certified copy of any priority document); Patent application undergoes formal examination at the UAE Patent Office and substantive examination at the search authority in Austria under the superv…
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Average Dubai property prices said to be down 20% on 2014 peak
Average Dubai property prices are 20 percent below peak values recorded in mid-2014, according to real estate consultants ValuStrat. The ValuStrat Price Index (VPI) for residential properties in Q2 wa…
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Abu Dhabi sees largest rental declines for 12 months in some areas
Read: Revealed: Where Abu Dhabi property prices, rents rose and fell in Q1 The real estate consultancy said apartment rents were down 2 per cent and villa rents 4 per cent from the first to the second …
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DCT Abu Dhabi, Emaar Sign Agreement, Support Local Publishing Industry
DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab regi…
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Abu Dhabi, Al Ain house rents continue to decline
Villa and apartment rents recorded a continued decline in Abu Dhabi and Al Ain in Q2 2018, according to Asteco, a property services company. In Abu Dhabi, apartment and villa rents decreased by two pe…
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Why Affordability Is The New Buzzword in Dubai Real Estate
Affordability wasn’t written into Dubai’s design brief. The ‘build it and they will come’ mentality saw developers race to fill the desert with glitzy skyscrapers, transforming the fortunes of the cit…
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Dubai property transactions sink despite government efforts to woo investors
Real estate transactions in Dubai reached a value of AED111 billion (USD30.2 billion) in the first half of 2018, Emirati officials revealed Saturday. This is down, however, from the AED132 billion in …
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Institutional investors set their sights on Dubai property
Institutional interest has been steadily rising in Dubai real estate. These players typically include banks, real estate investment trusts (Reits), insurance companies, etc. Although they have been pr…
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Dubai property deals fall in first half as emirate rolls out reforms
Dubai Land Department (DLD) said the value of real estate transactions in the first six months of 2018 was 111 billion dirhams ($30.2 billion) across 27,642 transactions. The DLD did not provide compa…
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Dubai real estate records Dh111 billion in H1…
Overall property transactions in Dubai totalled Dh111 billion for the first half of 2018, says the Dubai Land Department (DLD). This was done through 27,642 transactions. Overall property transactions …
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