State-owned Abu Dhabi Airports has called on almost 3 billion dirham ($816.82 million) worth of guarantees issued by local banks on behalf of contractors working on an airport expansion project …
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After a Down Year, Dubai Sees Few Luxury Building Launches in Coming Months
Dubai’s luxury residential market had a tough year in 2020, as the Covid-19 pandemic upended supply and demand. As a result, the city’s housing prices continued to fall in the past year. The total …
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Abu Dhabi’s Aldar offers to buy majority stake in Egypt’s SODIC
Abu Dhabi real estate giant Aldar Properties has offered to buy a majority stake in Egypt’s Six of October for Development and Investment Company (SODIC), a company valued at EGP 6.6 billion ($420 …
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JC Maclean wins $32.6m contract for interior fit-out of Reem Mall, Abu Dhabi
Reem Mall is being developed by Al Farwaniya Property Developments LLC … along with what’s billed as the world’s first indoor snow park, Snow Abu Dhabi. The total built-up area of the mall is said …
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Urban Master Plan to boost Dubai’s real estate market under Dubai 2040
The plan focuses on using available spaces within the limits of the current city and concentrates on development within existing urban areas …
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Aldar Offers to Buy Stake in Egypt’s Sodic; Shares Climb
The offer values the Egyptian property developer, known as Sodic, at about $420 million. Aldar is seeking a minimum 51% stake in Sodic, with an indicative purchase price of 18-19 Egyptian pounds per …
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UAE: Man ordered to pay Dh465,000 to wife for transferring cash without her consent
The Abu Dhabi Appeals Court has upheld the earlier ruling of the … The wife said she had given the powers of attorney to her husband to manage her properties and bank accounts and stocks. She said …
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JC Maclean International FZCO on the delivery of AED 120 million fit-out contract for Reem Mall, Abu Dhabi
JC Maclean International FZCO, one of the leading holistic interior fit-out companies in the UAE, takes part in delivering a contemporary world-class retail project, Reem Mall, Abu Dhabi as its …
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Mansion Global Daily: Rome Ends the Year on a High Note, Property Transactions up in Dubai, and More
According to Data Finder, Property Finder’s analytics team, real estate transactions in Dubai in February were up 15.6% month-over-month, with the value of those transactions also rising 10.6%, in …
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Billionaire ruler of Dubai’s ‘hideaway’ Scottish estate expands with two new waterfront lodges and building work beginning on a third amid fears for his missing princess daughters
Maktoum, who only visits the Inverinate retreat in Wester Ross a few weeks of the year, is extending the plot to around a quarter of a mile.
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UAE: Tenant steals 12 air conditioners from villa landlord sues for Dh100,000
An Abu Dhabi landlord filed a lawsuit demanding that a tenant pay Dh100,000 as compensation for stealing 12 split-unit air conditioners as well as aluminium staircase bannisters from a villa belonging …
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Most expensive villa in Dubai sold at Dhs111.25m
The most expensive property in Dubai, One100Palm, priced at Dhs111.25m has been sold. The contemporary villa has been designed by the owner Michael Alibhai, and sold by Leigh Borg, managing director …
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INSIDE PHOTOS: This $30 million villa in Dubai comes with a Ferrari and a Rolls Royce!
Dubai: A Swiss family living in Monaco has bought the most-expensive villa to be sold on Dubai’s Palm Jumeirah, per square foot, for over $30 million. Named ONE100 Palm, the 13, …
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United Arab Emirates attracts corporate billions to climb tax haven ranking
The United Arab Emirates, a magnet for the globe’s ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted a $200 …
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Swiss family buys the most expensive villa in Dubai worth Dhs111.25 million
The property is nestled in the Palm Jumeirah in Dubai, and has been termed as the most expensive property to be sold in Dubai in 2021.
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Video: Dubai’s most expensive villa in 2021 sold for Dh111m
A villa on the Palm Jumeirah has been sold for a staggering Dh111.25 million, making it the most expensive property sold in Dubai in 2021.The new custom modern contemporary villa – One100Palm – has …
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Emaar Malls merger with Emaar Properties a credit negative
Moody Investors Service has said the proposed merger of Emaar Properties and its subsidiary Emaar Malls by way of share swap will be credit negative for the l …
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