RAK Properties reported a 15 per cent jump in second-quarter net profit after its revenue more than doubled on the back of higher property sales. Net profit for the three months through to June 30 …
( read original story …)
Rediscover Abu Dhabi: 5 of the best hotels for a staycation
The Rediscover Abu Dhabi initiative aims to give residents a chance to reacquaint themselves with the emirate as it slowly reopens, through special deals across dining, entertainm …
( read original story …)
Dubai Land Department launches ‘Green List’ project on ‘Dubai REST’
The project is a new addition to a range of comprehensive services provided by “Dubai REST”, a smart real estate application by the DLD. To benefit from the new service and the existing ones provided …
( read original story …)
Spain’s runaway former king Juan Carlos lands in Abu Dhabi to stay in seven-star bolthole amid corruption scandal
SPAIN’S runaway former king has been pictured getting off a private jet before heading to a £10,000 presidential suite in one of the world’s most luxurious hotels. It’s reported 82-year-old …
( read original story …)
IPL in UAE: Teams prefer beachfront hotels as quarantine of players start
The Standard Operating Procedure (SOP) for all the stakeholders of IPL, issued to the franchises a few days back, calls for water tight restrictions on the players and with this in mind – four of the …
( read original story …)
Dubai offers new service linking property owners with brokers
Green List project is aimed at facilitating contact and reducing complaints about unwanted communication The Dubai Land Department introduced a new service that links real estate owners with brokers …
( read original story …)
Dubai cuts downs on ‘cold calls’ in property sales
Towers in Business Bay, along the Dubai Canal. Dubai Land Department has launched its ‘Green List’ initiative aimed at cutting out all unwanted communications between property owners and brokers.
( read original story …)
Adnoc Considers Stake Sale in $5 Billion of Properties
Abu Dhabi National Oil Co. is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign …
( read original story …)
Dubai’s homeowner rights can be strengthened further
Latest JOP Law closes many gaps, but some updates would come in real handy for buyers Dubai’s recently passed JOP (jointly owned property) Law repealed an earlier one from 2007 and featured some …
( read original story …)
UAE stocks gain $2.23bn on upbeat DFM, ADX markets
UAE financial markets on Thursday posted combined gains of AED8.2 billion ($2.23 billion) in market cap driven by upbeat sentiments following the H1’s positive financial results announced by some of …
( read original story …)
Abu Dhabi building licences rise 20% in first half of 2020 despite Covid-19 pandemic
The number of new building licences in Abu Dhabi surged 20 per cent in the first half of this year, as developers in the emirate continue to press on with their projects despite the coronavirus …
( read original story …)
A new McGettigan’s branch to open at Dusit Thani Abu Dhabi
The new branch of the popular Irish chain will replace D’Capital Steak House, and join other popular restaurants within the property like Namak by Kunal … general manager of Dusit Thani Abu Dhabi. A …
( read original story …)
Beirut blast: Lebanese expats in the UAE are a devastated lot
Residents mourn the loss of loved ones, property and businesses back home Dubai: Lebanese expatriates in the UAE are devastated after a blast rocked Beirut on Tuesday, leaving a trail of …
( read original story …)
Well-maintained properties in Dubai’s older neighbourhoods hold price value
Homes in areas, such as Karama, Bur Dubai, Oud Metha are spacious, while the communities offer a vibrant lifestyle and convenient commuting options. Niral Sunil Jhaveri, head of property …
( read original story …)
Dubai Asset Management teams up with Urban to digitise leasing
Leading real estate player partnering with Urban demonstrates a growing appetite for taking the rental journey online, while giving platform users access to high-quality homes across the Emirate’s …
( read original story …)
Investment ripe in UAE hospitality market despite global pandemic
Daniel Harrison, associate partner, specialist commercial property valuation, said … an opportunity for high returns will be created.” Although Dubai opened its doors to international tourists on …
( read original story …)
Raffles Dubai ranked among top 10 hotels worldwide
Raffles Dubai continues to be the leader in Dubai for six years in a row as the number one hotel on TripAdvisoramongst712 properties in the city Raffles Dubai has been awarded two exceptional global …
( read original story …)