(MENAFN – Khaleej Times) On May 29, the director-general of the Dubai Land Department, Sultan Butti bin Mejren, announced the Real Estate Self Transaction (REST) platform. Part of the announcement read “the complete digital management of real estate …
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Viceroy out, Marriott in: Abu Dhabi property set to become a W Hotel
Aldar Properties PJSC has appointed Marriott International to manage its hotel on Yas Island, which is currently flagged as the Viceroy Abu Dhabi. Effective July 1, 2018, Marriott International will assume operations of the Yas Island hotel, which will go …
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Aldar picks Marriott to manage Abu Dhabi luxury hotel
Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island. The move comes as part of Aldar’s active asset management …
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Aldar Properties : acquires $1bn Abu Dhabi real estate assets
Aldar Properties says it has reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth Dh3.7 billion ($1.01 billion), in one of the largest real estate acquisitions in the country’s …
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MIDEAST STOCKS-Dubai slips on property and banking shares, Abu Dhabi also down
DUBAI, June 19 (Reuters) – Dubai’s main index fell almost 1.5 percent on Tuesday as concerns over trade tensions between the United States and China ricocheted through emerging markets. Asian stocks wilted to a four month low with a nearly 4 percent drop …
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UAE residents can get visa against property they own
Can the title deed under my wife’s name be used as a valid document to apply for her visa? My wife and I have been living in the UAE for around four years under our own respective employment visas. Her employment tenure at her current company will come to …
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New UAE 10-year visa plan creates ‘buzz’ in property market
More business owners could be tempted to buy office space in the UAE rather than rent following the UAE’s recent decision to make major changes to rules around visas and foreign ownership of companies. The new laws, which have the potential to bring about …
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Abu Dhabi to more than double expat rent tax for some tenants
The increase comes at a bad time for landlords with Abu Dhabi rents and property prices already under pressure over the last year and a half due to the depressed job market and new supply. A first quarter report by real estate firm Asteco showed apartment …
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Dubai property ‘a money-laundering haven’
The report by the Washington-based Centre for Advanced Defence Studies, relying on leaked property data from the city-state, offers evidence to support the long-whispered rumours about Dubai’s real-estate boom. It identifies some $US100 million ($A131 …
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Indians probed by govt agencies are linked to high-end real estate in Dubai
INDIAN NATIONALS investigated by various agencies in India, including CBI, for alleged financial crimes and links to opaque offshore entities figure on a global database of those connected to properties in over 20 prime real estate projects in Dubai.
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Hyatt Capital Gate Abu Dhabi Rebranding As An Andaz
I wouldn’t want to stay here if my goal was to sightsee in Abu Dhabi, but for a quick overnight it’s an unbeatable option. The hotel is also a Category 4 World of Hyatt property, so it has been a great option if wanting to redeem an anniversary free …
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Dubai to waiver late property registration fee
RELATED ARTICLES: Sheikh Hamdan approves DLD restructure | DLD to use Artificial Intelligence to verify Ejari contracts | DLD reviews rental law with retail operators Dubai’s Executive Council has told the Dubai Land Department (DLD) to scrap a fine on …
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Weak rupee sparks NRI interest in Indian property
The slide in the Indian rupee seems to be encouraging non-resident Indians living in the UAE to further invest in their homeland, with lesser dependence on finance, reveals a survey conducted by the organisers of the Indian Property Show. Based on feedback …
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Developer unveils MidEast’s largest living green wall in Dubai
Dubai Properties has unveiled the Middle East’s largest living green wall at Dubai Wharf, located in the heart of Culture Village overlooking the historic Dubai Creek. Extending 210 metres in length and rising six metres high, the impressive vertical …
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Binghatti says economic reforms will trigger ‘significant growth’ in Dubai
RELATED ARTICLES: Dubai to waive late property registration fee | Abu Dhabi’s $13.6bn cash package set to boost infrastructure | Developers laud UAE’s ‘landmark’ long-term visa Economic reforms including a waiver on late property registration fees will …
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New UAE Stimulus Likely to Easy Pressure on Real Estate Sector
Real estate prices have been on the decline for the last three years due in large part to oversupply from the off-plan market, and not enough demand to meet handovers. 33,000 units were delivered over 2016 and 2017 in Dubai, with 2018 forecast to deliver …
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NRIs in UAE keen on buying Indian property
About 42.34 per cent of non-resident Indians (NRIs) in the UAE responding to a survey conducted by the Indian Property Show organizers declined requirement for finance to buy property – up from 33.66 per cent a few months ago. The slide in the Indian …
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