A fully-owned unit of the developer has initiated arbitration proceedings to get money owed for a project completed a decade ago …
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Dubai developer DAMAC reports second straight quarterly loss, takes large impairment charges
DUBAI, May 27 (Reuters) – Dubai-based DAMAC Properties DAMAC.DU reported a loss for first-quarter on Wednesday, as the developer took more than 182 million UAE dirham ($49.55 million) in impairment …
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Fraudster creates fake online account of Dubai billionaire for donations
Dubai-based billionaire and chairman of Danube Group Rizwan Sajan has lodged a complaint with Dubai Police’s cybercrime department alleging that some fraudster has created a fake online account under …
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Fraudster creates fake online account of Dubai billionaire for donation
Dubai-based billionaire and chairman of Danube Group Rizwan Sajan has lodged a complaint with Dubai Police’s cybercrime department alleging that some fraudster has created a fake online account under …
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UAE real estate to see surge in buyers, says Reportage Properties
This reflects the UAE real estate stability, and the continued demand, especially for distinguished projects that provide high quality services to investors,”said Naser Alkhamees, Reportage Group CEO.
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Reportage Properties nets $71mln in UAE sales within 4 months
UAE-based Reportage Properties has announced total sales of Dh260 million ($71 million) during the first four months despite Covid -19 challenges. The company is presently developing eight projects in …
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Coronavirus: Can’t afford to pay rent in Dubai amid Covid-19? Here’s what you can do
It is understood that you are residing in a rented apartment in Dubai and due to prevailing pandemic you lost your employment in March. Therefore, you have decided to relocate to your home country …
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How Maradona proved such a vital inspiration for Briton in Dubai jail
There is one consolation of the Covid-19 crisis for Peter Margetts, who was jailed in Dubai for nine years for bouncing a cheque when his property development company collapsed during the 2008 global …
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Reportage Properties nets $71m in UAE sales within 4 months
UAE-based Reportage Properties has announced total sales of Dh260 million ($71 million) during the first four months despite Covid -19 challenges. The company is presently developing eight projects in …
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UAE: Interest in the business of property will not disappear
Dubai’s property sector was hopeful about seeing positive growth during the Expo, which has now been postponed to October 2021. When the event does take place, the nation’s real estate industry will …
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Dubai CommerCity to open by year-end
Dubai Commercity, the first of its kind project in the region to cater to e-commerce industry, is scheduled to open by the end of 2020, said a senior official. The Dh3.2 billion project, a joint …
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Abu Dhabi property transactions up 34% in April amid Covid-19 outbreak
The total value of property transactions in Abu Dhabi rose 34 per cent to reach Dh6.3 billion in April as the emirate stepped up efforts to stimulate investment amid the coronavirus outbreak.
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Abu Dhabi’s Aldar Q1 profit down 39%, warns virus could delay project launches
Abu Dhabi developer Aldar Properties reported a 39% fall in first-quarter profit on Thursday and warned it could delay new project launches due to the coronavirus pandemic. The state-linked builder of …
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Abu Dhabi’s Aldar reports 39% fall in Q1 profit
Abu Dhabi developer Aldar Properties ALDAR.AD on Thursday reported a 39% fall in first-quarter profit, which it said was largely due to a one-off adjustment. The developer made 302 million dirhams …
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Interest in the business of property will not disappear
Dubai’s property sector was hopeful about seeing positive growth during the Expo, which has now been postponed to October 2021. When the event does take place, the nation’s real estate industry will …
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UAE- DLD starts remote property registration system
(MENAFN – Khaleej Times) Dubai Land Department (DLD) has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions …
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Dubai Land Department introduces remote property registration system
DUBAI – Dubai Land Department, DLD, has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their …
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