Dubai Land Department (DLD) has launched an interactive application for investors and developers. The Mashrooi app allows users to search for any project under development and track construction progress, and real estate developers can use it to showcase …
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Viceroy Hotel Group Files Lawsuit Arising out of the Ouster from Its Dubai Property
Viceroy Hotel Group, headquartered in Los Angeles, yesterday filed legal claims in California, Case No. BC674956, arising out of the unlawful ouster of Viceroy from its newly opened Dubai property. The claims seek redress from Dubai-based businessman Kabir …
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Buying in DSI shares induce rally in property stocks on DFM
The stock is also holding over the 50 Day moving average which is a positive sign,” said Shiv Prakash, senior analyst with National Bank of Abu Dhabi Securities in a note. Other property majors also witnessed buying on the back of surging DSI shares.
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Land sales, new projects brighten prospects of Dubai property
An increase in new developments and land sales has helped Dubai’s property market post a strong rise in transactions and turnover in the first half of 2017, suggesting last year’s slide may have bottomed out as developments accelerate ahead of Expo 2020.
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Former property professional in Dubai develops taste for fine art
For someone who started out working in property development, Hisham Samawi has certainly … the brothers are focused on growing in the region, with Abu Dhabi the “logical next step”, then elsewhere in the GCC and perhaps Beirut. They are not …
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Emaar’s property unit valued at $6.5bn ahead of Dubai IPO
The real estate development business of Emaar Properties, which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at Dhs24bn ($6.5bn), two people familiar with the deal said. The valuation is based on the assets Emaar …
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$24bn crude swap: Ex-PPMC boss to forfeit nine Dubai properties
The Economic and Financial Crimes Commission has begun fresh moves to seize nine Dubai properties worth about N1.6bn, traced to a former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh. Already, the EFCC has obtained an …
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Are you liable for income tax while living in the UAE?
For all expats in the UAE property is usually taxed in its physical location, rather than where the owner is resident, Ms McClafferty says: “This means even non-residents can be exposed to property taxes, although the scope and definition will vary …
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Dubai Properties’ Bellevue Towers Marks Key Construction Milestone
Dubai Properties, a leading Dubai-based real estate master developer of renowned destinations across the emirate, today announced the completion of the raft casting at its Bellevue Towers residential project. Valued at more than AED200 million, the two …
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Dubai Properties’ Bellevue Towers marks major construction milestone
RELATED ARTICLES: Dubai Properties to hand over Marasi residential tower in 2020 | Dubai Properties releases additional Arabella townhouse units | Dubai Properties begins work on Marasi Business Bay marina Dubai Properties has announced the completion of …
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NBK unit closes $95m Dubai school property deal
NBK Capital Partners, the private equity arm of National Bank of Kuwait, said it has completed the acquisition of the Dubai campus of a K-12 international curriculum school in a sale-leaseback transaction. This comes in line with the firm’s strategy to …
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Emaar to Manage Dubai Frame
Real estate giant Emaar has signed a memorandum of understanding (MoU) with Dubai Municipality to market and promote the latest landmark, Dubai Frame, which is set to open next month. As per the agreement, the company will provide guidance on the operation …
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Shabab Al Ahli Dubai ink deal with Nakheel
Dubai: Shabab Al Ahli Dubai Club has announced a new sponsorship agreement with Dubai-based property developer Nakheel. Khalifa Saeed Sulaiman, the chairman of the higher committee for the merger of Shabab Al Ahli Dubai and Ali Rashid Lootah, chairman of …
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Dubai’s Nakheel Takes Dh6.5 Billion Worth of Real Estate to Germany for Expo Real 2017
Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than AED6.5 billion (EUR1.5 billion) as it exhibits at Expo Real for the first time. The only UAE developer exhibiting at …
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Emaar Properties lifts Dubai index, but outlook bearish
Dubai: Mild buying in Emaar Properties helped the Dubai index close in the positive zone, but the overall outlook remains bearish as long as the gauge trades below the key resistance level. The Dubai Financial Market General index closed 0.45 per cent …
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RCR Arquitectes completes “serene and restrained” Dubai apartment building with sea views
Catalan studio RCR Arquitectes designed the Muraba Residences for a site on the Eastern Crescent of Dubai’s Palm Jumeirah – an artificial archipelago created in the Persian Gulf that was created to accommodate seafront properties, hotels and resorts.
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CBRE: UAE property market becoming “more risk-averse”
RELATED ARTICLES: CBRE Middle East expands advisory, transaction team | CBRE wins property management contract for Bahrain’s GBCorp Tower | CBRE: Residential rents decline further in Q4 2016 Residents in the UAE are beginning to exercise a more risk …
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