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Tag: property

Posted on 12/09/2020

UAE cabinet decision: Residential homeowners must install fire detectors

The decision was taken on Saturday in a cabinet meeting Dubai: The UAE Cabinet on Saturday issued a decision compelling residential homeowners to install fire detectors and participate in the …
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Posted on 10/09/2020

Dubai realty stays strong in crisis

Dubai property sector is on recovery track and will remain the region’s best destination for real estate investments after COVID-19 pandemic, said Talal Moafaq Al Gaddah, CEO of MAG Development.
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Posted on 10/09/2020

UAE-KSA conference discusses property market challenges

Dubai Real Estate Institute (DREI), in Dubai Land Department (DLD), concluded the virtual ‘UAE-KSA Real Estate – post-COVID-19’ conference that was organised in cooperation with the Smart Decision Tra …
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Posted on 10/09/2020

Israel’s ‘undercover attache’ in Dubai

Oh, yes”, says Simon Eder, casually, “we had a donation of a sefer Torah from a sheikh who owned one of the big Dubai property companies. He wanted to have his name on the cover of the Torah, so I …
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Posted on 09/09/2020

What residents need to keep in mind when buying home insurance in the UAE

Many UAE residents still overlook the need for home insurance when buying or renting property in any emirate, but matter experts caution that not having home insurance is a bigger-than-usual risk …
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Posted on 09/09/2020

5-year renewable visa plan for UAE retirees has property market primed for action

Dubai Tourism and the General Directorate for Residency and Foreigners Affairs announced on September 2nd a 5-year visa for residents and non-residents who qualify for retirement in the Emirate. All …
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Posted on 07/09/2020

Abu Dhabi developer Manazel slips to Dh98.8m loss in first-half 2020

Manazel is the developer of the Al Reef Community in Abu Dhabi. It has an extensive property portfolio, but had to take impairment charges in the first-half of 2020. Image Credit: Gulf News Archive …
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Posted on 07/09/2020

Robust real estate: Dubai’s ready home sales surpass 2019 transactions

More investors piled into the Dubai property market in recent weeks, with sales of completed homes last August surpassing those of last year’s, the latest figures showed. Transactions involving …
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Posted on 06/09/2020

Dubai property sale transactions continue to grow as market becomes more affordable

Sale transactions in Dubai’s property market are witnessing a V-shaped recovery with ready homes taking the lead, thanks to increasingly affordable secondary market house prices, says a new report …
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Posted on 03/09/2020

Video: Apollo’s Zelter on Abu Dhabi property deal with Adnoc

President Jim Zelter discusses the private equity giant’s decision to invest $2.7 billion in Abu Dhabi’s property market along with a group of pension and insurance funds, in one of the largest real …
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Posted on 03/09/2020

Attractive Dubai prices spur virtual property transactions

Clients are buying properties from overseas virtually without even seeing the property physically or signing contracts in person.
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Posted on 02/09/2020

Apollo leads investment in Abu Dhabi National Oil Co real estate portfolio

The investment will leverage the rental income streams from various Abu Dhabi National Oil Co real estate assets under a 24-year master lease agreement.
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Posted on 02/09/2020

Apollo-Led Group Invests $2.7 Billion in UAE Oil Firm’s Property

A consortium led by Apollo Global Management Inc. agreed to invest billions of dollars in the real estate of Abu Dhabi’s oil company, in what will be one of the Middle East’s largest property deals.
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Posted on 02/09/2020

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals.
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Posted on 01/09/2020

Dubai’s property values are getting selective spikes

Instances of panic selling have subsided and that definitely eases pressure on values Smart investors who got into the Dubai property market during or around the lockdown have struck great deals for …
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Posted on 01/09/2020

Abu Dhabi creates ‘Safe Zone’ framework for events and tourists

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is celebrating the successful delivery of UFC Fight Island, establishing the Emirate of | eTurboNews | Trends | Travel News | United A …
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Posted on 01/09/2020

DON’T PUBLISH: Dubai rents: When they have fallen, how much

Property professionals say new supply of residential units may push rental values down …
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