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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Emaar to manage Dubai Frame as it readies to open
Property developer Emaar has entered an agreement with Dubai Municipality to manage the upcoming Dubai Frame when it opens next month. The memorandum of understanding was agreed with Emaar following its experience managing the observation areas of the …
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Strong demand at Cityscape seals UAE’s allure as real estate leader
Dubai – The recent Cityscape Global Dubai, one of the highlights of the UAE property calendar, saw a record number of visitors and received a unanimous vote of approval for well-conceived projects from Dubai, Abu Dhabi and other emirates. About 300 …
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Abu Dhabi’s Aldar awards $203m contract for The Bridges
Abu Dhabi’s Aldar Properties has announced the awarding of a Dhs745m ($202.8m) contract to Construction Group Contracting House for its mid-market The Bridges residential development on Reem Island. The contract covers the construction of six apartment …
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Aldar Awards Dh745 Million Contract for the Bridges on Reem Island
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for an AED 745 …
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Roda Hotels hires Nael El Waary as cluster GM for four properties
El Waary joins Roda Hotels following a 6-year tenure in Abu Dhabi as the general manager of Sofitel Abu Dhabi Corniche. With over 30 years of experience, El Waary brings worldwide knowledge in operations and management. Holding senior positions while …
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Businessman tortured and killed before having his body bundled into a car boot and then buried in a desert near Dubai ‘over a financial dispute’
Hong Xi Luo’s body was found in sand dunes 400km outside Dubai after four people admitted to his brutal … police told his son, Auckland real estate agent William Luo. ‘He was a very kind man, always dressed neatly and looking good. So I cannot imagine …
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