Arada, a newly-created United Arab Emirates-based property developer, has secured a $272 million (1 billion dirhams) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will …
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Revealed: the most affordable place to rent, buy property in Dubai
Dubai International City saw the largest drop in rents during 2017 with values down by 16 percent compared to the year-earlier period, according to real estate portal Bayut.com. The average rent for a one-bed apartment in that part of the city stands at …
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Arabtec wins Dh1 billion contract from Dubai Properties
Arabtec Holding said on Thursday it has been awarded Dh1.025 billion contract from Dubai Properties. The contract involves the construction works for a residential community that includes villas and town houses of Villanova Amaranta and La Quinta Phases …
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UAE property developer secures 1 bln dirham loan for mega-project
DUBAI, Dec 28 (Reuters) – Arada, a newly-created United Arab Emirates-based property developer, has secured a 1 billion dirhams ($272 million) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said …
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UAE property developer secures Dhs1bn loan for mega-project
Arada, a newly-created UAE-based property developer, has secured a Dhs1bn ($272m) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will help pay for the Dhs24bn Aljada, a …
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Bank, property stocks buoy Abu Dhabi index
First Abu Dhabi Bank buoyed the Abu Dhabi index, which surged more than 1 per cent, while Dubai bourse witnessed selective buying. The Abu Dhabi Securities Exchange general index closed 1.15 per cent higher at 4,369.40, nearing the key resistance level of …
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Dubai property suffering oversupply amid growing competition
RELATED ARTICLES: Bloom CEO says UAE property market region’s top performer in 2017 | JLL: Potential oversupply for UAE residential market | Cluttons: Abu Dhabi residential market stagnant in 2017 With demand for property stabilising over the past year …
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Making dreams come true – best property listings in UAE
Estate still holds its first place among most favorable types of assets today, thanks to a mature market and stable economy in UAE. Many investors are looking at dynamically developing Emirates, as country’s economy has successfully coped with recent …
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It’s now or never for property buyers in Dubai
While off-plan was king in the Dubai real estate market in 2017, secondary market sales are likely to take centrestage next year, say market stakeholders. Buyers are unlikely to see too much of the sales incentives and attractive payment plans that were …
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Emirates Gas, Dubai Properties Commence UAE’s First Composite LPG Cylinders Project
Emirates Gas, a subsidiary of ENOC Group, will commence the installation, supply and distribution of composite LPG cylinders within Al Khail Gate’s residential community. The project is part of an agreement between Emirates Gas and Dubai Properties (DP …
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ROI on Dubai property still strong amidst softening rent and sales prices
Bayut.com hosted 94,000 listings from November 2016-November 2017. The prevailing trend in Dubai property is stable Returns on Investment (ROI) yet markedly lower rent and sales prices across most property types year-on-year. Average yearly rent in Dubai …
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Unlimited investment opportunities in Dubai’s real property market, says ARENCO Real Estate
Arenco Real Estate, part of A.A. Al Moosa Enterprises and ranked among the top 10 unlisted private real estate companies in the Arab World, sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and …
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Explained: Dubai’s new off-plan property purchase law
Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and …
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UAE property firm Awtad celebrates DFM listing
UAE-based property investment firm Awtad has celebrated the listing of company’s shares on Second Market of Dubai Financial Market (DFM) where investors can trade on private firms’ shares within a regulated and advanced environment. The company boasts …
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VAT launch to ‘lure more real estate investors’ to Dubai
The introduction of value added tax (VAT) in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi …
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Dubai’s Bulgari Resort named best new luxury hotel of 2017 by LTI
(CNN) — Bulgari Resort Dubai has only been open for a matter of weeks, but it’s already been crowned the best new luxury hotel of 2017. The lavish property, located on man-made island Jumeira Bay, came out on top in members-only travel ratings company …
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Aldar Properties Completes Acquisition of International Tower for Dh658 Million
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has completed the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED 658 million.
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