Dubai’s property market continues to show signs of recovery ahead of world Expo 2020, with sales volume the highest in pricey central neighborhoods around the iconic Burj Khalifa building, according to a government release on Monday. The Dubai Land …
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Dubai property deals reached Dh204b in nine months
(MENAFN) In the first nine months of the current year, Dubai property transactions totaled of Dh204 billion through 52,170 transactions, according to the Dubai Land Department (DLD) data released on Monday. This compares to Dh259 billion worth of property …
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Dubai Real Estate Demand High as Expo 2020 nears [Infographic]
Total real estate transactions in Dubai for the first nine months of 2017 hits AED 204 billion (approximately $55.5 billion) According to Dubai Land Department (DLD), the total value of real estate transactions for the first nine months of 2017 reached …
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Dubai real estate trade value tops $55bn
Dubai Land Department (DLD) has announced that the total value of real estate transactions for the first nine months surged to hit Dh204 billion ($55.5 billion). It was achieved through 52,170 transactions. According to DLD report, there were a total of …
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$8 Billion Invested In Dubai Real Estate From Pakistan, NAB Now Trailing The Investors
National Assembly’s Standing Committee on Finance sub-committee has recently instructed National Accountability Bureau (NAB) to probe an investment of $8 billion made by Pakistanis in Dubai real estate. NAB has also been directed to get information from …
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Arab woman arrested for cheating property buyers in Dubai
The Dubai Police arrested an Arab woman who was wanted for duping four property buyers by claiming to be engaged in real estate investments. The woman used different names to conceal her identity and swindle innocent investors. Major General Khalil Ibrahim …
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Emaar chairman expects special dividend pay out from real estate listing by Jan
Emaar Properties Chairman Mohammad Al Abbar said on Tuesday he expects to issue a special dividend in January from the proceeds of the partial listing of the Dubai property developer’s real estate unit. Emaar announced this week it would list up to 20 …
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Dubai Crown Prince orders new 30-year housing plan for Emiratis
Crown Prince Sheikh Hamdan has directed Dubai Municipality chiefs to draft a housing plan that will satisfy the expected property needs of UAE nationals over the next 30 years. In a series of tweets, Sheikh Hamdan said the project will be given “top …
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Abu Dhabi property sale, rent prices ‘fell in Q3’
Apartment and villa sales prices decline 10% and 5% respectively year-on-year, says Asteco report Abu Dhabi property sale prices and rents continued to fall in the third quarter of the year, according to Asteco. The real estate consultancy attributed the …
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Abu Dhabi Real Estate Market Remains Subdued, Says Asteco
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to the Q3 Abu Dhabi Real Estate report by leading real estate consultancy Asteco. Average apartment …
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Abu Dhabi real estate hit by weak job market
Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to leading real estate consultancy Asteco. The average apartment rental rates dropped by three per cent …
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Dubai property deals cross Dh204 billion in nine months
Overall property transactions in Dubai totalled Dh204 billion in the first nine months of 2017, according to the Dubai Land Department (DLD) data released on Monday. This was done through 52,170 transactions. This compares to Dh259 billion worth of …
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Abu Dhabi establishes $3m incentive scheme for events organisers
Abu Dhabi’s Department of Culture and Tourism has launched an … The new grant is open to all entities in the retail and events industry, venues and intellectual property owners. The initial phase is now open and will run until December 31.
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Dubai property demand rising on back of Expo 2020 – Land Department
Demand for real estate in Dubai is growing even as the emirate prepares to host Expo 2020, the Dubai Land Department (DLD) has said in its latest report. In the first nine months of this year, a total of 52,170 transactions were recorded with a total value …
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Schon Properties Enters Jordan Market With New Office
Schon Properties, an award-winning Dubai based property developer, opens a regional sales and marketing office in Amman, Jordan located at Emaar Towers, to expand its investor base from the Levant market. Jordanian investors have contributed significantly …
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NYU Abu Dhabi to Host Crucial Scientific Data From Space Observatories
New York University Abu Dhabi (NYUAD) is hosting crucial scientific data collected by space observatories. The National Data Center (NDC) at NYUAD will be the first location in the UAE that will acquire, archive, and process selected scientific data sets …
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Abu Dhabi’s launch of short-selling set to attract big investors
The stocks include FAB, the country’s biggest lender, the telecom operator Etisalat, the lender Abu Dhabi Commercial Bank and the developer Aldar Properties. The launch of short-selling “is further evidence of the strong commitment towards structurally …
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