Sultan Al Badi, UAE’s Minister for Justice … He pointed out that an agent who misuses the power of attorney regarding the sale of a property is liable to be prosecuted by a jail term and a penalty, …
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TMKN Property completes $217m Al Jimi Avenue in Abu Dhabi
Mixed-used development offers 600 apartments, in addition to commercial and office spaces and other facilities …
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Dubai’s Ellington Properties and Al Hilal Homes launch high-end villas in The Palm Jumeirah to meet lifestyle aspirations of international investors
Ellington Properties, Dubai’s design-led property developer, has signed an agreement, valued at about US$82 million, with Al Hilal Homes, a leading real estate brokerage firm, to offer premium homes …
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UAE: Man celebrates baby’s birth with fireworks, burns 5 cars and property
Dubai Police arrested a young Arab man who celebrated the arrival of his newborn baby with crackers and fireworks — and ended up causing considerable damage to his neighbours’ property in the process.
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Dubai property price rise reflects healthy demand
Brokers report strong demand, especially in the popular locations, with a further acceleration in prices now likely as the world exits the pandemic.
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Dubai property market tops Dhs7 billion in realty deals
The real estate and properties transactions in Dubai valued at Dhs7.1 billion in total during the week. The sum of transactions was 1,746. 103 plots were sold for Dhs722.02 million, 1,116 apartments …
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Dubai real estate revival: Weekly property transactions increase to $1.9bln
Dubai’s real-estate and property transactions reached a total of $1.9 billion (AED 7.1 billion) across 1,746 transactions during the week ending April 1. In comparison, the number of transactions in …
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Property sales have picked up in Dubai and Abu Dhabi, but who are the buyers?
Property sales have increased in Dubai, Abu Dhabi and other emirates in the UAE over the past several months, a sign that the coronavirus pandemic has done little to discourage homebuyers. But a new …
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Precinct Properties to move REIT management rights in-house
Precinct Properties New Zealand is moving its management in-house with the acquisition of management rights from AMP Capital and Abu Dhabi Investment Authority (ADIA) for NZ$215m (€127m). AMP Capital …
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Deloitte becomes certifying body under UAE localisation programme
The ICV programme was originally created by ADNOC and implemented in its group of companies since the beginning of 2018 …
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Israelis eye property investment in Dubai following Abraham Accords
The new-found seam of business isn’t limited to real estate. The two nations have agreed to collaborate on agri-technology and combating Covid-19 …
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Abu Dhabi leads major Gulf markets higher on hopes of Suez Canal’s reopening
Under the JV, a new main plant is being built in Abu Dhabi with production capacity of 200 million Hayat-Vax doses a year. Dubai’s main share index gained 0.7%, with Emirates NBD Bank rising 0.9% and …
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Bayut & Dubizzle Host the First-Ever Stronger Together Awards 2020 To Recognise Top Performers in the Uae Property Market
Property agents and agencies play a crucial role in the UAE’s real estate market. They are the people who talk directly to potential buyers, sellers and tenants, so we firmly believe that it is very …
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Aldar Properties distributes $310mn in cash dividends for FY2020
Aldar Properties, the Abu Dhabi-based real estate developer, is set to distribute cash dividends worth $310 million to its shareholders for the fiscal year 2020. In its filing to the Abu Dhabi …
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This luxe Abu Dhabi hotel has half board spring break stays from Dhs599
If you’re unable to comit to a longer stay InterContinental Abu Dhabi’s Bayshore Beach Club offers day pass access to the property’s extensive outdoor chill space. You can enter this leisure lagoon …
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How popular is fractional property ownership in the UAE?
The Real Share platform allows local and international investors to invest as little as AED5,000 in a part of a property, according to LRED. Along with the launch of Real Share, The launch of Real …
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Dubai property deals near 3,800 in February as market rebound continues
Dubai’s official property sales price index recorded nearly 3,800 deals last month worth AED7.43 billion, 13 percent higher than the previous month as the market continued its rebound from the …
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