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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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Abu Dhabi Inks FinTech Development Pact with Mastercard
Abu Dhabi’s international financial center has entered a collaboration with payments giant Mastercard to develop and accelerate FinTech solutions in the region. The Abu Dhabi Global Market (ADGM), an international financial center established by a UAE …
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Dubai Police To Add Hoverbikes To Its Fleet
For the petrolhead, it has to be the exotic car fleet with the Dubai police that has kept the city in the news time and again. Now, going a step further, or higher should I say, Dubai Police has announced that it will be adding Hoverbikes to its fleet …
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Sharjah Police announces traffic fine discount
Sharjah: Sharjah Police on Wednesday announced that it is reducing traffic fines by 50 per cent. All black points will also be cancelled, the police announced. The discounts and cancellations will take effect from October 19 until December 31. In July, the …
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Literary personalities to attend Sharjah Book Fair
Sharjah: A number of international literary personalities will be participating in the 36th edition of the Sharjah International Book Fair (SIBF 2017), which will take place from November 1-11 at Expo Centre Sharjah. Organised by Sharjah Book Authority …
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Louvre Abu Dhabi Signs Partnership With Etihad Airways
Louvre Abu Dhabi today signed the first exclusive platinum partnership with Etihad Airways, at the museum’s dome. As a Platinum partner, Etihad will work closely with Louvre Abu Dhabi on areas of brand partnership, marketing, social media, public and …
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24 inbound flights delayed in Abu Dhabi in thick fog
Dubai: Another foggy day greeted UAE residents on Wednesday, with weathermen reporting of Abu Dhabi airport being affected by the pre-dawn mist. Thick fog caused 12 delayed inbound flight delays in Abu Dhabi during the 3am to 6am period and another 12 …
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Utico unveils innovative $100m rooftop solar programme
In a statement, Utico said the innovative scheme will help revolutionise the home rooftop solar power generation market which has been picking up in Dubai following the launch of the landmark Shams Dubai solar programme of Dubai Electricity and Water …
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Massive traffic jams hit Dubai roads
Dubai: Motorists faced major delays on Wednesday as one accident near Dubai Design District affected several popular routes used by morning commuters. At around 8am, Dubai Police reported an accident along Ras Al Khor Road, opposite Dubai Design District …
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