As with my stay in Abu Dhabi, I wanted to sample one of Starwood’s more economically-priced properties in Dubai, as the higher-end hotels have been extensively covered by others. The Le Méridien Fairway in Dubai had a very reasonable prepaid …
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Dubai property ROI still strong amid softening prices
Dubai property saw stable Returns on Investment (ROI) in 2017, but suffered lower rent and sales prices across most property types year-on-year, according to a Bayut.com report. Based on 94,000 listings hosted on Bayut.com from November 2016-November 2017 …
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Revealed: Where Dubai property rents, prices fell the most in 2017
The last 12 months have been a period of softening prices and rents across most property types in Dubai, with significant declines in some areas. In an end of year report, property site Bayut.com compiled a list of popular areas that had seen the most …
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Latest Dubai Property Trend Reveals Long-term Residents are Taking Advantage
Jumeirah Village Circle is Dubai’s most affordable villa community to buy (AED 758 per square foot), and one of the few that has experienced a price increase, indicating that demand remains healthy in the affordable villa segment, according to …
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UAE property developer secures $272 mln loan for mega-project
Arada, a newly-created United Arab Emirates-based property developer, has secured a $272 million (1 billion dirhams) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will …
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Revealed: the most affordable place to rent, buy property in Dubai
Dubai International City saw the largest drop in rents during 2017 with values down by 16 percent compared to the year-earlier period, according to real estate portal Bayut.com. The average rent for a one-bed apartment in that part of the city stands at …
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Arabtec wins Dh1 billion contract from Dubai Properties
Arabtec Holding said on Thursday it has been awarded Dh1.025 billion contract from Dubai Properties. The contract involves the construction works for a residential community that includes villas and town houses of Villanova Amaranta and La Quinta Phases …
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UAE property developer secures 1 bln dirham loan for mega-project
DUBAI, Dec 28 (Reuters) – Arada, a newly-created United Arab Emirates-based property developer, has secured a 1 billion dirhams ($272 million) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said …
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UAE property developer secures Dhs1bn loan for mega-project
Arada, a newly-created UAE-based property developer, has secured a Dhs1bn ($272m) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. The money will help pay for the Dhs24bn Aljada, a …
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Bank, property stocks buoy Abu Dhabi index
First Abu Dhabi Bank buoyed the Abu Dhabi index, which surged more than 1 per cent, while Dubai bourse witnessed selective buying. The Abu Dhabi Securities Exchange general index closed 1.15 per cent higher at 4,369.40, nearing the key resistance level of …
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Dubai property suffering oversupply amid growing competition
RELATED ARTICLES: Bloom CEO says UAE property market region’s top performer in 2017 | JLL: Potential oversupply for UAE residential market | Cluttons: Abu Dhabi residential market stagnant in 2017 With demand for property stabilising over the past year …
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Making dreams come true – best property listings in UAE
Estate still holds its first place among most favorable types of assets today, thanks to a mature market and stable economy in UAE. Many investors are looking at dynamically developing Emirates, as country’s economy has successfully coped with recent …
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It’s now or never for property buyers in Dubai
While off-plan was king in the Dubai real estate market in 2017, secondary market sales are likely to take centrestage next year, say market stakeholders. Buyers are unlikely to see too much of the sales incentives and attractive payment plans that were …
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Emirates Gas, Dubai Properties Commence UAE’s First Composite LPG Cylinders Project
Emirates Gas, a subsidiary of ENOC Group, will commence the installation, supply and distribution of composite LPG cylinders within Al Khail Gate’s residential community. The project is part of an agreement between Emirates Gas and Dubai Properties (DP …
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ROI on Dubai property still strong amidst softening rent and sales prices
Bayut.com hosted 94,000 listings from November 2016-November 2017. The prevailing trend in Dubai property is stable Returns on Investment (ROI) yet markedly lower rent and sales prices across most property types year-on-year. Average yearly rent in Dubai …
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Unlimited investment opportunities in Dubai’s real property market, says ARENCO Real Estate
Arenco Real Estate, part of A.A. Al Moosa Enterprises and ranked among the top 10 unlisted private real estate companies in the Arab World, sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and …
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Explained: Dubai’s new off-plan property purchase law
Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and …
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