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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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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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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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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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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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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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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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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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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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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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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Seven Tides hires contractor to complete a tower in Dubai’s JLT
Seven Tides is already working with Airolink at its Palm Jumeirah project Dubai: UAE-based property developer Seven Tides has appointed Airolink as the main building contractor, to complete the …
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In pictures: Seven Tides appoints main contractor for billion dirham Dubai development
UAE-headquartered property developer has appointed UAE-based Airolink as the main building contractor of its Seven City JLT development …
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Dubai motorist jailed for trying to run over policeman
A Dubai Court of First Instance heard a 24-year-old Emirati policeman testify that in November 2019, he was patrolling on Jumeirah Road past midnight with his colleague, when he saw a four-wheel-drive …
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Three key Dubai Metro Stations are getting upgraded
Construction at three key stations will improve passenger experience and increase safety during peak hours. Work is being undertaken on the Dubai Metro Red line at stations including UAE Exchange, …
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UAE commercial property market to take a hit as office work is changing
With coronavirus cases still being reported and many offices continuing the work from home (WFH) policy , the commercial real estate sector in the UAE could face some pressure next year, an industry …
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KT Exclusive: Israeli investors eye UAE property deals
Individuals and Israeli institutions are willing to invest in Dubai real estate once the two countries will finalise details to establish diplomatic …
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