The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
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Abu Dhabi’s Bloom Properties begins work on JVC project
Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
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Bloom Properties Commences Enabling Works of Bloom Towers
Bloom Properties, a Bloom Holding business specializing in the … Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental …
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Trump’s Dubai business associates to build Versace-branded tower block in London
Luxury real estate developer DAMAC International is building a Versace-branded 50-storey skyscraper in London. DAMAC International has developed the Trump International Gulf Club Dubai and Trump-branded luxury villas. The prime central London property …
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Property firm owned by Irishman manages $100m in Dubai assets
A Dubai-based property management firm led by Irish businessman Paul Mallee has achieved a milestone of $100 million (€85 million) worth of assets under management and hopes to manage 500 properties by 2020. Maison Prive, founded by Mr Mallee and his …
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Abu Dhabi districts see property price dips of up to 16% – report
The price of property in Abu Dhabi has fallen by between 4 and 16% depending on area in the first two quarters of this year, according to a report by Core Savills. Sales prices per square foot fell by 4% in Al Raha Gardens, 9% at Al Reef Villas, and 16% at …
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Bank financing for UAE property increases 6.2% in H1 2017
DUBAI: Bank financing provided to the property and construction sector in the UAE increased by $4.4bn (AED16.5bn) during H1 2017, about 6.2% from the end of 2016. The total bank credit channelled to the sector by the end of June reached $77bn (AED281.2bn …
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Bank financing to UAE property sector tops USD76bn in H1
(MENAFN) Bank financing offered to the property and construction sectors in the #UAE reached USD76.5bn amid the first half of the year, growing by Dh16.5bn. Accordingly, funding offered to the sectors covered 19.3 percent of the whole credit channeled to …
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Dubai real estate market sets the pace for renewed growth in the GCC
Dubai – The hottest real estate market in the Gulf is holding up gains from the last half of 2016, records from the Dubai Land Department (DLD) show. Its report for the first six months of 2017 indicates that Dubai real estate transactions totalled about …
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Job losses, income cuts weaken property demand in Abu Dhabi
Contractions in household incomes and workforce redundancies in both the public and private sectors have weakened real estate demand in Abu Dhabi, a new report by consultancy Core Savills has found. The residential sales market in the UAE capital has seen …
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NYU Abu Dhabi Researchers Identify Unique UAE Green Alga With Properties That May Provide an Alternative to Palm Oil
Researchers at New York University Abu Dhabi (NYUAD) in collaboration with other groups have discovered that the unique genomic traits that allow local green algae to survive in a desert climate may have far-reaching potential for biotechnical applications.
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Traders Hotel, Qaryat Al Beri, Abu Dhabi
Anyone who enjoys spending time by the water will enjoy a stay at Traders Hotel. With the capital’s Maqta Creek on its doorstep, this 301-room property not only has its own private beach, but also offers some of the best night views in the city.
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The St. Regis Saadiyat Island Resort, Abu Dhabi Installs Four Tesla Chargers
“As a forward-thinking property, we always strive to reduce our environmental impact, and adopting the latest technology can help us achieve our goals,” said Fadel, adding that the hotel’s parent company, Abu Dhabi United Hospitality, is also …
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No slowdown in Dubai property market
Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any …
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Soon, UAE workers can rent houses for Dh700
“This initiative aims to provide proper and legal options of residential units befitting the financial means of low-income individuals and at the same time open an investment opportunity to owners of commercial properties in Abu Dhabi Emirate,” said …
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Abu Dhabi’s Aldar Boosts Marketing Spending as Revenue, Profit Fall
The Abu Dhabi-based property developer Aldar ramped up its marketing spending in the second quarter of the year in an effort to bolster declining revenues and profits. The company posted a 5.6 percent decline in quarter-on-quarter net profit in its results …
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Apartments to rent in Abu Dhabi for less than Dh30,000 a year
Search volumes for cheap housing are surging in the UAE, leading to an increase in affordable properties to meet demand. While the trend was reported days after the Abu Dhabi Municipality announced an initiative to offer low-income residents cheaper …
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