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Tag: property

Posted on 09/08/2018

MIDEAST STOCKS-Property pulls back UAE; Saudi stocks fall on oil volatility

DUBAI, Aug 9 (Reuters) – Weakness in property shares weighed on the Abu Dhabi and Dubai markets on Thursday in fallout from an earnings miss by Aldar Properties, while oil price volatility hurt Saudi …
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Posted on 08/08/2018

Millennials Interested in UAE Property Need to Check This

Millennials in Dubai (aged between 25 to 37 years on average) are slowly stepping on to the property bandwagon, owing to attractive payment schemes and reduced housing prices. Up until a few years ago …
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Posted on 07/08/2018

Revealed: where property rents, prices have fallen most in the UAE since 2016

Asking prices for property rent and sale are generally down across Abu Dhabi, Dubai, and the Northern Emirates, with the exception of Sharjah, where apartments for sale have remained in positive terri…
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Posted on 07/08/2018

Aldar Properties Q2 profit drops 28%, misses estimates

Aldar Properties, Abu Dhabi’s largest property developer, on Tuesday missed estimates with a 28 per cent fall in second-quarter profit which it blamed on a revaluation of properties related to its ret…
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Posted on 07/08/2018

Abu Dhabi to build community market, service station

Abu Dhabi City Municipality has signed agreements with property developers to construct a community market in Mohammed bin Zayed City and a service station for residential districts at Al Shawamekth c…
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Posted on 07/08/2018

Aldar Properties’ revenue surges to $816m in H1

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, has delivered a resilient underlying performance across its businesses for the first half of 2018 compared to the same period last …
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Posted on 07/08/2018

Dubai Builder Sees Property Slump Lasting for Years

A United Arab Emirates developer who says he’s waiting for a market rebound before starting a $4 billion project expects the country’s property slump to run for another three years, despite the govern…
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Posted on 06/08/2018

Abu Dhabi Municipality Signs Two Agreements for Community Markets at Mohammed Bin Zayed City, Service Station at Al Shawamekh

HE Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality, has signed two agreements with property developers. The first relates to constructing a community market in Mohammed bin Zayed …
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Posted on 06/08/2018

New facilities to improve Abu Dhabi suburbs

“Within Abu Dhabi city, residents live in apartments that are managed by property management companies and landlords, and who therefore provide the requisite services to tenants. In the suburbs, resid…
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Posted on 05/08/2018

Dubai Properties Appoints Art Marine to Manage Culture Village Marina

Dubai Properties has appointed ART Marine, the region’s largest and best-known 360-degree leisure marine enterprise, as the exclusive operator of its marina at Culture Village. The 60-berth marina, lo…
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Posted on 04/08/2018

Prime Dubai property prices slip less than 1% in past year

Prime property prices in Dubai have held steady over the past year with a drop of less than 1 percent, according to Knight Frank. Knight Frank’s Prime Global Cities Index for Q2 ranked Dubai 35th out …
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Posted on 03/08/2018

Abu Dhabi’s $1.2bn Reem Mall makes key digital appointment

Harvard-alumni Milat Sayra Berirmen has been appointed as digital experience manager for Reem Mall, Abu Dhabi’s upcoming $1.2 billion retail, dining, leisure and entertainment destination. The move un…
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Posted on 02/08/2018

Real Estate Market to Grow Significantly in Abu Dhabi

Employment levels in Abu Dhabi continue to be affected, specifically in government agencies and financial service entities, placing downward pressure on rental rates, said the top property expert in t…
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Posted on 02/08/2018

Gallery: New Abu Dhabi mosque celebrates gender equality

within the Al Raha beach development in the UAE emirate of Abu Dhabi, the Al Dana Mosque has been designed by Dubai-based X-Architects to become a landmark mosque for the surrounding community. 1 of 6 …
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Posted on 02/08/2018

Dubai Land Department seizes land, real estate of Schon Properties

Dubai Land Department (DLD) has issued a decision to seize the land and real estate and escrow funds registered to developer Schon Properties to safeguard the rights of investors. The decision was mad…
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Posted on 02/08/2018

Dubai Land Department seizes land, real estate of developer

Dubai Land Department (DLD) has issued a decision to seize the land and real estate registered to a developer to safeguard the rights of investors. The decision was made to allow the Public Prosecutor …
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Posted on 01/08/2018

Homefront: ‘How enforceable is a non-exclusive Form A when selling a property in Dubai?’

How enforceable is a non-exclusive Form A? I am overseas and have listed my property for sale with a well-known agent, but they do not seem to be doing anything other than having it listed on various …
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