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Tag: property

Posted on 14/04/2020

Combating coronavirus: Hotels, schools? contribute ?rooms?for medics in UAE

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 …
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Posted on 14/04/2020

‘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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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: …
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Posted on 14/04/2020

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 …
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Posted on 14/04/2020

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 …
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