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Tag: property

Posted on 03/01/2021

PROJECTS: Dubai’s DAMAC announces completion of foundation works for Zada Tower

Foundation works at DAMAC Properties’ Zada Tower Project in Business Bay. More than 9,000 cubic metres of concrete and 1,600 tonnes of steel reinforcement were used complete the foundation. Dubai’s …
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Posted on 03/01/2021

Aldar Properties sells Abu Dhabi Golf Complex for Dhs180m

Aldar Properties has agreed to sell the Abu Dhabi Golf Club Complex, including the Westin Hotel and the Abu Dhabi Golf Course, to an undisclosed investor for Dhs180m. The complex, which also includes …
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Posted on 03/01/2021

Dubai’s Al Jaddaf area gets an Occidental property

Dubai’s Al Jaddaf area is one of the most up-and-coming spots in the city, with a number of new hotels opening recently. In November Rotana opened its 35th property there with Marriott introducing its …
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Posted on 02/01/2021

Aldar Properties sells Abu Dhabi Golf Complex including the Westin Hotel for $49mln

Aldar Properties has agreed to sell the Abu Dhabi Golf Club Complex, including the Westin Hotel and the Abu Dhabi Golf Course, to a financial investor for AED 180 million. The sale, which has a …
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Posted on 01/01/2021

Aldar Properties sells Abu Dhabi Golf Complex including the Westin Hotel for AED 180 million

Divestment is in line with Aldar’s asset management strategy to actively pursue profitable investment exits and redeploy capital into growth opportunities …
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Posted on 01/01/2021

Aldar Properties to sell Abu Dhabi Golf Complex for Dh180m

Abu Dhabi’s Aldar Properties made its second major divestment in recent days, agreeing to sell the Abu Dhabi Golf Club Complex, which includes a Westin Hotel and Abu Dhabi Golf Course, to an investor …
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Posted on 01/01/2021

Dubai: How to become an AirBnB host? Earn extra income on your home in 2021

Dubai: Looking to kick-start 2021 by injecting some cash into your earnings? A simple, and relatively easy way to do so is by becoming an AirBnB host. In Dubai, home owners and tenants can put up …
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Posted on 31/12/2020

UAE real estate: Off-plan property attractive in prime locations

While the pandemic has forced developers in the UAE to rethink project launches, slowing down the off-plan market considerably, real estate experts say there is a sustained demand for off-plan …
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Posted on 31/12/2020

The most-anticipated 2021 hotel openings around the world

From Las Vegas to Vietnam and beyond, new hotels are still popping up around the world – each with a different feel and vibe. Here are USA TODAY’s top picks for some of the buzziest hotels expected to …
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Posted on 31/12/2020

Mideast Stocks: Saudi shares set to finish 2020 higher, other Gulf markets subdued

Saudi Arabia’s main index which was set to extend its yearly gain to a consecutive fifth year, was down 0.3% …
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Posted on 31/12/2020

Metro Extension To Benefit Thousands of Dubai Property Investors and Residents, Says Nakheel

Tens of thousands of investors and residents in some of Nakheel’s most popular communities will benefit from the opening of four new Dubai Metro stations on 1 January 2021, says master developer …
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Posted on 30/12/2020

UAE-based Provis achieves $1.76mln energy, cost savings in 2020

Abu Dhabi: Provis Real Estate Management, a wholly-owned subsidiary of Aldar Properties, has achieved energy and cost savings amounting to over AED 6.5 million across 12 managed communities in 2020.
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Posted on 30/12/2020

UAE stocks slip after first cases of new virus variant detected

Stock markets in the United Arab Emirates (UAE) fell in early trade on Wednesday after the country reported confirmed cases of the new variant of the coronavirus.
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Posted on 28/12/2020

Dubai Economy Launches Updated Version of IP Gateway

The Commercial Compliance & Consumer Protection (CCCP) sector, in Dubai Economy has launched an updated version of its ‘IP Gateway,’ the online portal for obtaining services related to cases on …
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Posted on 28/12/2020

Damac sees UAE property market recovery in two years

The recovery of the UAE property market to pre-crisis levels could take up to two years, an executive at Dubai-listed developer Damac Properties said. The recovery of the real estate market …
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Posted on 27/12/2020

Major Gulf stocks mixed at start of last week of trade

Major Gulf stock markets were mixed early on Sunday in the last week of trading for the year. Saudi Arabia’s benchmark index has gained 4% this year, Abu Dhabi and Qatar are up 1%, while Dubai is down …
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Posted on 27/12/2020

Damac Sees UAE Property Market Recovery In Two Years, Zawya Says

The recovery of the UAE property market to pre-crisis levels could take up to two years, an executive at Dubai-listed developer Damac Properties PJSC said.
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