All properties are offering rooms as in-kind contributions for medical personnel and support staff who are on standby for urgent cases. Six hotels and a school in Abu Dhabi have contributed 1,030 …
( read original story …)
‘ATMAH’ programme to increase employment opportunities in Abu Dhabi
Aldar Properties, and the Zayed Higher Organisation for People of Determination, ZHO, to support the employment of People of Determination. The five partners will use the mechanism of a Social Impact …
( read original story …)
Dubai, Abu Dhabi lead GCC stock market gains
Dubai Financial Market General Index jumped over 3.27 per cent to 1,889.5 points, helped by gains in Emaar Properties, Emirates NBD, Gulfa and Dubai Islamic Bank. Abu Dhabi stock exchange rose 4.12 …
( read original story …)
Sharjah government urges property owners to delay rents for tenants
In Abu Dhabi, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ordered the Abu Dhabi Judicial Department to halt all rental property eviction …
( read original story …)
Coronavirus: major Abu Dhabi food drive delivers vital support to hard-hit workers
Kerala Muslim Cultural Centre, Abu Dhabi The government has asked property owners to defer rent payments from tenants but workers remain apprehensive. Sameer Berkka, a shop assistant who lives with 20 …
( read original story …)
ADNH CEO urges operators to ‘act responsibly’ towards employees
Abu Dhabi National Hotels (ADNH … particularly associates at the properties; and to seriously consider creating some sort of solidarity fund dedicated to preserve the dignity of employees should …
( read original story …)
Abu Dhabi Connect to save Dh714m for people, boost digital transformation
property verification certificate, tawtheeq tenancy contract, driving licence, water and electricity bill, passport, vehicle ownership, commercial licence etc. Ali Rashid Al Ketbi, Member of Abu Dhabi …
( read original story …)
Dubai developer Union Properties says not exposed to troubled NMC
Dubai developer Union Properties (UPP) has denied rumors that it is exposed to embattled Abu Dhabi-based NMC Health, whose debt position was estimated at $6.6 billion in March. In a statement on the …
( read original story …)
UAE stocks up for second day amid market wide optimism
Dubai Financial Market (DFM) index were up 3.4 per cent at 1,891 points, after rising as much on Friday. Abu Dhabi Securities Exchange (ADX) rose 2.4 per cent to 4,213 points, after gaining over 6 per …
( read original story …)
How a Gulf Prince Charmed Jokowi and Poured Money Into Indonesia
Follow Bloomberg on LINE messenger for all the business news and analysis you need.During a visit last summer where he strolled through the tropical gardens next to Indonesia’s summer Presidential …
( read original story …)
Dubai property market sees 5,000 new homes delivered in Q1-20
MBR City has been seeing a steady flow of handovers. Sales volumes at this upscale cluster too have seen a spike in recent quarters. Image Credit: Abdel-Krim Kallouche/Gulf News Dubai: Dubai’s …
( read original story …)
Dubai residential property demonstrates resilient start to 2020
DUBAI: Dubai’s real estate market displayed several encouraging signs over Q1, including an annual rise in sales volume and a slowdown in the pace of value declines across the Emirate. “This positive …
( read original story …)
Student homes a bright spark for Dubai property market
Though Dubai’s property market is transitioning through a downturn there’s an upside in the market for student properties, where demand is forecast to continue growing while supply remains fairly …
( read original story …)
Dubai Q1 property transactions exceed expectations despite a seemingly slow March
March alone saw more than 1,209 mortgage registrations, which is the highest number of registrations since October 2019 and 24.8 per cent more than March 2019. Dubai registered a total of 10,243 real …
( read original story …)
Dubai residential property demonstrated a resilient start to 2020, says Chestertons
Dubai Sports City witnessed the largest price decline, falling from AED692 per sqft to AED670 per sqft, followed by Discovery Gardens where prices decreased from AED576 to AED558 per sqft. Read: UAE: …
( read original story …)
Dubai’s Emaar Slashes Salaries by Up to 50% Amid Pandemic
Follow us @middleeast for more news on the region. Emaar Properties PJSC, Dubai’s largest publicly-traded developer, cut executive and staff salaries across its businesses as the coronavirus …
( read original story …)
Allsopp & Alsopp Q1 Report 2020- Very strong start to Dubai’s real estate
Business has certainly not continued as usual, the last week of March and the start of April in particular, but the figures we are reporting are proof that the property market in Dubai had a very …
( read original story …)