Luxury UK real estate outfit Montague Property has revealed plans to expand into the UAE as part of a £100 million ($124.4m) real estate fund to increase their portfolio across the world. The company, …
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COVID-19 impact: UAE property market slump may extend well into 2021
Zawya MENA Edition …
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Berkshire Hathaway Specialty Insurance Names Dubai-based Alessandro Cerase to Global Property Underwriting Officer Team
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its Global Property Underwriting Officer team to include …
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UAE orders seizure of Shetty’s assets; FTSE ousts NMC
As the debt-ridden NMC Health gets booted out of the blue-chip FTSE-100 index effective today, its founder BR Shetty faced a freeze of his bank accounts here as per the directive of the Central Bank …
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UAE, GCC markets gain on Sunday; market cap up by Dh165 billion
Dubai Financial Market jumped 3.5 per cent to 1,956 points. In Abu Dhabi, the index jumped 2.93 per cent to 4,181 points.
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Modon completes construction of 5 new mosques in Abu Dhabi
Abu Dhabi Department of Municipalities and Transport (DMT) has announced that it has completed work on five of the 20 mosques that are being built across the emirate in co-ordination with Modon …
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Handovers underway at Aldar’s The Bridges on Reem Island, Yas Acres on Yas Island
ABU DHABI – Aldar Properties today provided an update on projects under development across Abu Dhabi. In a press release, the company listed the handovers and progress being made on various of its …
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Aldar starts delivery of 636 homes in Reem Island towers
UAE developer Aldar Properties said it has started handover of all the 636 apartments within the first three towers at The Bridges on Reem Island in Abu Dhabi, while construction was advancing at a …
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Dubai Stocks Rise Most in Mideast as States Start to Ease Curbs
Equities in Dubai advanced as Gulf authorities started to loosen curbs to contain. The metro, public buses and taxi services were restored on Sunday as the emirate joined other cities around the world …
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UAE’s $70bn stimulus will help buyers get on property ladder, says Seven Tides CEO
The UAE’s $70 billion economic stimulus package will make it easier for first-time buyers to get on to the property ladder, according to the CEO of a UAE-headquartered residential, hospitality and …
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Video: UAE builds 5 mosques amid coronavirus pandemic in time for Ramadan
(@abudhabidmt) on Apr 24, 2020 at 6:29am PDT The development also in line with the vision of creating an ideal ground that contributes to stimulating demographic and economic growth, providing …
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Dubai property market oversupply shows signs of easing
reflects a more positive buyer sentiment in Dubai Dubai’s residential sector showed a resilient start to 2020, with a year-on-year increase in sales, according to Chestertons MENA. In its analysis of …
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Abu Dhabi Ports offers new relief measures to industrial and economic zone businesses
The package of measures for existing customers includes a three-month deferral on rents for the second quarter, a freeze on late payment penalties and an exemption from the property-registration …
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Yas mall launches ‘We shop for you’ service and unveils new zomato partnership
Saoud Khoory, Executive Director of Retail, Aldar Properties says: “As the leading real estate company in Abu Dhabi, we are focused on delivering long-term sustainable value creation. As such, we will …
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COVID-19: What to expect when malls in UAE reopen with restrictions
Authorities in Dubai and Abu Dhabi have issued guidelines on what … in recreational activities where they exist’ * All rental properties for tourist and leisure facilities; and * Desert …
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UAE property slump to linger well into 2021: S&P
The widespread lockdowns and bans on cross-border travels due to coronavirus have kept investors away from the property market. In March alone, off-plan residential sales transactions volume in Dubai …
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Property Finder launches Live Viewings on portal
Property Finder, a leading property portal in the Mena region and Turkey, has launched Live Viewings on its website as part of its “House Hunt from Home” initiative created for the current market …
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