But Covid-19 has changed the real estate industry with a sudden, merciless force; one that can only be compared to a dormant volcano’s unforeseen eruption. It’s brought with it an economic uncertainty …
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Combating coronavirus: 20,000 staff of Abu Dhabi malls tested for Covid-19
All staff members must secure a certificate of negative results before they resume work and prior to the stores’ reopening.
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Ellington Properties introduces 3-year rental guarantee of 8% annually for new owners during Ramadan
Introduced to demonstrate confidence that the market fundamentals are strong and will bounce back after the current Covid-19 situation …
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Property portal Bayut’s parent company secures $150m investment
Emerging Markets Property Group (EMPG), the parent company of Dubai’s property portal Bayut, secured $150m (Dh550m) in new investment in a deal that values the company at $1 billion. The investment …
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Mideast Stocks: Banks aid Saudi index as FAB weighs on Abu Dhabi
Saudi Arabian stocks edged up on Tuesday, bolstered by banking, while weak earnings by top lender First Abu Dhabi Bank (FAB) weighed on Abu Dhabi. Saudi Arabia’s benchmark index added 0.2% amid choppy …
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Luxury UK real estate outfit looking at UAE as part of $124.4m expansion
Luxury UK real estate outfit Montague Property has revealed plans to expand into the UAE as part of a £100 million ($124.4m) real estate fund to increase their portfolio across the world. The company, …
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COVID-19 impact: UAE property market slump may extend well into 2021
Zawya MENA Edition …
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Berkshire Hathaway Specialty Insurance Names Dubai-based Alessandro Cerase to Global Property Underwriting Officer Team
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its Global Property Underwriting Officer team to include …
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UAE orders seizure of Shetty’s assets; FTSE ousts NMC
As the debt-ridden NMC Health gets booted out of the blue-chip FTSE-100 index effective today, its founder BR Shetty faced a freeze of his bank accounts here as per the directive of the Central Bank …
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UAE, GCC markets gain on Sunday; market cap up by Dh165 billion
Dubai Financial Market jumped 3.5 per cent to 1,956 points. In Abu Dhabi, the index jumped 2.93 per cent to 4,181 points.
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Modon completes construction of 5 new mosques in Abu Dhabi
Abu Dhabi Department of Municipalities and Transport (DMT) has announced that it has completed work on five of the 20 mosques that are being built across the emirate in co-ordination with Modon …
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Handovers underway at Aldar’s The Bridges on Reem Island, Yas Acres on Yas Island
ABU DHABI – Aldar Properties today provided an update on projects under development across Abu Dhabi. In a press release, the company listed the handovers and progress being made on various of its …
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Aldar starts delivery of 636 homes in Reem Island towers
UAE developer Aldar Properties said it has started handover of all the 636 apartments within the first three towers at The Bridges on Reem Island in Abu Dhabi, while construction was advancing at a …
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Dubai Stocks Rise Most in Mideast as States Start to Ease Curbs
Equities in Dubai advanced as Gulf authorities started to loosen curbs to contain. The metro, public buses and taxi services were restored on Sunday as the emirate joined other cities around the world …
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UAE’s $70bn stimulus will help buyers get on property ladder, says Seven Tides CEO
The UAE’s $70 billion economic stimulus package will make it easier for first-time buyers to get on to the property ladder, according to the CEO of a UAE-headquartered residential, hospitality and …
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Video: UAE builds 5 mosques amid coronavirus pandemic in time for Ramadan
(@abudhabidmt) on Apr 24, 2020 at 6:29am PDT The development also in line with the vision of creating an ideal ground that contributes to stimulating demographic and economic growth, providing …
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Dubai property market oversupply shows signs of easing
reflects a more positive buyer sentiment in Dubai Dubai’s residential sector showed a resilient start to 2020, with a year-on-year increase in sales, according to Chestertons MENA. In its analysis of …
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