Abu Dhabi has reportedly opted to decrease the maximum tax charged on expat property rental contracts after new rates were revealed earlier this month. A post on Abu Dhabi Distribution Company website that is still online stated that the municipality fee …
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Abu Dhabi’s Eshraq Properties shelves plans to merge with Reem Investments
Abu Dhabi’s Eshraq Properties has shelved plans to acquire Reem Investments after being unable to come to a suitable agreement, the companies said on Tuesday. “The strategic investment of Reem Investments in Eshraq Properties will not be completed …
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Abu Dhabi expo to attract 125 realty heavyweights
Leading players in the real estate and property investment industry will be in Abu Dhabi for this year’s International Real Estate and Investment Show (IREIS). Scheduled to be held at the Abu Dhabi National Exhibition Centre from November 1 to 3 …
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China’s Fidu set to pump $544m into Dubai property
Fidu Properties, one of the leading Chinese companies in the UAE property market, has announced plans to pump nearly Dh2 billion ($544 million) into the Dubai real estate sector by the end of this year. As part of its regional expansion strategy, Fidu will …
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Dubai Properties flagship project ‘top attraction at China expo’
Dubai Properties, a member of Dubai Holding, said its upscale projects have received an overwhelming response from the investors and potential buyers in China during its participation at Luxury Property Showcase (LPS) Beijing 2018. The leading luxury …
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UAE Visas: A Fresh Wind is Blowing
Sweeping changes in labour and visa rules recently by this country have come as a boon to Indian workers and will also spur tourism, retail and the property market Every now and then, UAE authorities launch an initiative to clear the country of illegals.
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How to manage an overseas property investment
Toby Johncox, principle representative at property specialist Enness Dubai, says if you are lucky enough to find good tenants, appreciate them. “Look after them and they will look after you. I let a property in the UK and check in with my tenant every …
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Dubai Properties bids to attract Chinese investors
Dubai Properties is drawing high interest for its projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018. A key highlight of Dubai Properties’ outing at the event is its showcase of …
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Aldar to launch new Viceroy-branded property in Abu Dhabi
Just 24 hours after Aldar revealed it will refurbish the Yas Viceroy Abu Dhabi and turn it into a W Hotel property, the firm announced it is working on another branded property with the Viceroy Hotel Group in the capital. Aldar has not yet shared details …
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Dubai Properties projects draw interest from high net-worth Chinese Investors
DUBAI, 23rd June, 2018 (WAM) — Dubai Properties, a member of Dubai Holding, is drawing high interest for its upscale projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018, the …
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UAE- REST – Does it spell the end of the property broker?
(MENAFN – Khaleej Times) On May 29, the director-general of the Dubai Land Department, Sultan Butti bin Mejren, announced the Real Estate Self Transaction (REST) platform. Part of the announcement read “the complete digital management of real estate …
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Viceroy out, Marriott in: Abu Dhabi property set to become a W Hotel
Aldar Properties PJSC has appointed Marriott International to manage its hotel on Yas Island, which is currently flagged as the Viceroy Abu Dhabi. Effective July 1, 2018, Marriott International will assume operations of the Yas Island hotel, which will go …
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Aldar picks Marriott to manage Abu Dhabi luxury hotel
Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island. The move comes as part of Aldar’s active asset management …
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Aldar Properties : acquires $1bn Abu Dhabi real estate assets
Aldar Properties says it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one of the largest real estate acquisitions in the country’s …
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MIDEAST STOCKS-Dubai slips on property and banking shares, Abu Dhabi also down
DUBAI, June 19 (Reuters) – Dubai’s main index fell almost 1.5 percent on Tuesday as concerns over trade tensions between the United States and China ricocheted through emerging markets. Asian stocks wilted to a four month low with a nearly 4 percent drop …
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UAE residents can get visa against property they own
Can the title deed under my wife’s name be used as a valid document to apply for her visa? My wife and I have been living in the UAE for around four years under our own respective employment visas. Her employment tenure at her current company will come to …
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New UAE 10-year visa plan creates ‘buzz’ in property market
More business owners could be tempted to buy office space in the UAE rather than rent following the UAE’s recent decision to make major changes to rules around visas and foreign ownership of companies. The new laws, which have the potential to bring about …
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