This week the High Court heard how Sheikh Khalifa was accused of reckless extravagance in a legal battle between him and the former managers of his London property empire.
( read original story …)
COVID-19 – NRIs: UAE expats going home? Here are your top options when purchasing property in India
I have a UAE job offer but can’t fly in. What should I do? COVID-19: I got a job in another emirate, can I put my family visa on hold in the UAE? If, as an Indian expat, you have decided to live in a …
( read original story …)
After COVID-19, UAE property market is expected to recover in phases – Time now to buy a home?
The COVID-19 pandemic has been causing disruption across most industries and the UAE’s real estate market is expected to face strong headwinds Given the uncert …
( read original story …)
UAE: Why holding on to your money is crucial to riding out COVID-like emergencies!
Most people who are working from home now do not spend as much money as they did earlier. They don’t go to malls or eat out at restaurants. Now, most people prefer to cook at …
( read original story …)
Khalifa Hasan Ali Saleh Al Hammadi appointed chair of Union Properties
Khalifa Hasan Ali Saleh Al Hammadi has been appointed chairman of Dubai-based developer Union Properties. Al Hammadi, who was appointed as vice chairman and chief executive officer of the Dubai Motor …
( read original story …)
Emaar Properties permits interim dividend distributions
DUBAI – Properties Emaar, PJSC, in its General Assembly meeting on Sunday, approved the amendment of Article (57) of the company’s Articles of Association that may allow the distribution of interim …
( read original story …)
Top Dubai executives earned over AED3m each in salaries and bonuses in 2019
According to latest data and filings: Dubai Investments CEO earned AED4.65m in 2019 and AED5.25m in bonuses during 2019. Du’s CEO was paid AED4.75m plus an additional AED4.76m in bonuses during the …
( read original story …)
Dubai Tourism awards Meliã Desert Palm Dubai five-star status
Boutique polo resort Melia Desert Palm Dubai is celebrating its 12th anniversary with the announcement that they have received the five-star certification from the Department of Tourism & Commerce …
( read original story …)
Saudi property financing firm Amlak says sets price range for IPO
Saudi Arabian real estate financing firm Amlak International has set the price range for its planned initial public offering (IPO) at between 15 riyals ($4.00) and 17 riyals, it said in a statement on …
( read original story …)
Illegal slaughterhouse shut down in UAE for flouting hygiene rules
Besides the residential house, two other facilities were also seized for flouting commercial activity norms and storing goods in unlicensed warehouses.
( read original story …)
Jumeirah Group launches daycation packages at four of its Dubai hotels
Hotels and resorts within Dubai have been given the green light to reopen private … Celebrating the ease in restrictions, Jumeirah Group has rolled out daycation packages at four of its properties …
( read original story …)
Revealed: Eleven of the best staycation deals in Dubai
Issa Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM) said he hopes encouraging local visitors to the properties across the emirates will help kickstart the sector, which has …
( read original story …)
Chinese interest in Australian property shrinks as diplomatic rift grows
Chinese buyer enquiries for Australian homes fell to their lowest in almost three years in May, according to independent data, suggesting multi-billion dollar housing demand could be another casualty …
( read original story …)
Residential property prices in Saudi Arabia rose 2.1% in Q1 2020
DUBAI — Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its Saudi Arabia Property Market Report for 2020 comprising key property data and …
( read original story …)
Deeds to property in Dubai seized by gardaí along with watches, drugs, designer clothing
One vehicle, valued at € 50,000, and jewellery and luxury watches with a combined value of €100,000 were confiscated by Cab, along with the deeds to a property in Dubai. Designer clothing was …
( read original story …)
Abu Dhabi: Dh200 million to be refunded to restaurants, tourism and entertainment facilities
The refund of Dh200 million constitutes 20% of rental value of commercial properties UAE bank: Abu Dhabi resident asks, ‘Where are my remaining loyalty reward points?’ Abu Dhabi: Around 8,000 tourism, …
( read original story …)
RAK Properties’ profit jumps threefold on the back of higher operating income
RAK Properties reported a more than threefold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs. Net profit for the three months ending …
( read original story …)