RELATED ARTICLES: Phase 1 of Schon Properties’ $871m Dubai development sold out | Aecom wins contract for Jordan’s King Hussein Medical City expansion | Saudi group bags funding for solar project in Jordan Dubai-based property developer, Schon …
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REPORT: Where apartment value has dropped the most in Dubai
The Q3 Dubai Real Estate Report found that Dubai Marina witnessed the greatest decline, falling by 19 percent. Downtown Dubai followed with 18 percent while Sports City and Bur Dubai followed with 16 percent. The report compared the year-on-year rate of …
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Rise in off-plan property sales in Dubai delaying market recovery
The rise in residential off-plan property sales in Dubai may now delay the recovery of the overall market, according to a new report by ValuStrat. The majority of residential transactions in the third quarter of the year came from the sales of off-plan …
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Zameen.com Holds Pakistan Property Show in Dubai
Zameen.com, Pakistan’s leading real-estate portal, took Pakistani real-estate market to Dubai by conducing its first ever Expo in Dubai. H.E. Sultan Butti Bin Mejren, Director General of Dubai Land Department inaugurated Zameen.com’s Pakistan Property …
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Abu Dhabi office rents continue fall, but outlook may be better next year
DUBAI: Average office rents in Abu Dhabi continue to fall but recent macroeconomic data could translate into a more optimistic outlook for the sector next year, property consultancy Frank Knight said. In the year to third quarter, average grade A rents …
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Indians ready to capitalise on Dubai’s lucrative real-estate industry
Mumbai (Maharashtra)[India], Oct. 18 (ANI-NewsVoir): When it comes to buying property in Dubai, Indian investors are quite willing to shell out big sums, as per a recent survey. The study conducted by Dubai Property Show, reveals the purchase pattern of …
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Sentiment fuelled buoyancy fades in Dubai with property market correction forecast
Dubai’s residential property market has slowed with a correction likely ahead as rents fell in the second quarter of 2017, sales were down to a six year low and vacancies are rising. Phidar Advisory’s Dubai Real Estate Investment Demand Index (REIDI …
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Off-plan property deals in Dubai rise, sales of completed units drop in Q3
The volumes and values of off-plan property transactions in Dubai rose in the third quarter of the year, a report by Chestertons MENA has found. While the number of transaction increased by 86 per cent from the previous quarter, the value of the deals was …
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Dubai developer Damac Properties reports 20% fall in third-quarter profit
DUBAI: Dubai developer Damac Properties on Wednesday reported a 20.24 percent fall in third-quarter profit, its third consecutive earnings decline, caused by a steep rise in cost of sales. Profit for the three-month stretch to September was at Dh719.34 …
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Dubai home below Dh1 million? I will buy
(MENAFN – Khaleej Times) All the action in the Dubai property sector is transpiring in the under-Dh1 million price market. Not only does this signify an effort by developers to tap the mid-income market segment but also the willingness of banks to finance …
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MIDEAST STOCKS-Profits at Dubai real estate firms drop
DUBAI, Oct 18 (Reuters) – Shares in Dubai real estate developers may be in focus on Wednesday after two firms reported lower third-quarter earnings, reflecting continued pressure on the Dubai property market. Dubai’s DAMAC Properties posted a 20 percent …
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Dubai’s Damac Properties Q3 profit falls 20%
Dubai’s Damac Properties, the owner and operator of the only Trump-branded golf club in the Middle East, reported a third consecutive profit decline on Wednesday as costs of sales rose. The developer’s profit fell 20 per cent in the July-September …
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Dubai’s Damac records $626m nine-month net profit
RELATED ARTICLES: Damac Properties sells out Phase 1 of Just Cavalli villas | Construction of Damac’s Dubai South hotel 90% complete | Damac Properties nears $1bn mark with 2017 contract awards Dubai’s Damac Properties announced net profit worth $626m …
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Dubai Property Show to be held from November 3-5, 2017, in Mumbai
Dubai Land Department, will hold the third edition of the Dubai Property Show in Mumbai, from November 3-5, 2017 at Bandra-Kurla Complex and will feature a diverse range of properties, from residential and commercial, to land Following an encouraging …
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Aldar Properties : ADX sees high liquidity at Monday’s close
The real estate sector rose 2.15%, pushed up by Aldar Properties and Eshraq, with 2.88% and 1.28%, respectively. Finance House’s stock hiked 12.5% at close, after initial losses in early trading. Abu Dhabi Commercial Bank also rose 1.23%, pushing up the …
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Dubai property prices drop slightly in Q3, more supply expected
Dubai’s residential sales market saw a minor dip in prices in the third quarter of the year, with sale values down by around 1 per cent, according to the latest report from real estate consultancy CBRE. However, transactions have seen a rise. As per data …
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EIPA seeks intellectual property rights protection
Emirates Intellectual Property Association said it has joined forces with Dubai Government Excellence Program to promote innovation and intellectual property rights protection in the UAE. The duo has recommended creation of intellectual property …
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