I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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London third-biggest residential property market for Middle Eastern wealth after Abu Dhabi and Dubai
When it comes to balancing risk and reward in real estate, cities in Europe, South East Asia and Mediterranean fit into the sweet spot. In terms of house price, local rents and prospective growth—Portugal, Cyprus, India and Pakistan have been crowned as …
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Property resale registration fees are illegal in Abu Dhabi
I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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Basics You Need to Know about Investing in Dubai Property
Many people are interested in investing in Dubai property but do not know how or where to start. And most likely, they are not aware of the available investment options. With more than $1 trillion expected to have entered the global real estate market in …
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Why you must mull buying property in Dubai this year
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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Why you must mull buying property in Dubai this…
After an exacting year of 2016, the Dubai real estate market is expected to soften in 2017. However, Dubai prevails as the number one property market in the Middle East, while being ranked 23rd on a global scale, according to consultancy CBRE. The market …
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Dubai Properties awards contract for 1/JBR project
Dubai Properties (DP) has awarded Dubai Contracting Company (DCC) the contract for its 1/JBR residential project, the developer announced at a recent press event. The agreement was signed by Abdulla Bin Lahej, group CEO, Dubai Properties and Ian Harper …
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Abu Dhabi looks for spark in residential sector
Abu Dhabi’s real estate market witnessed a continued slowdown last year, triggered by the decline in oil prices and subsequent impact on government spending, and consolidation of businesses across various sectors. Against this backdrop of macroeconomic …
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Dubai Properties Dh1b tower on track; to complete in 2019
Work is steadily progressing on Dubai Properties’ (DP) Dh1 billion 1/JBR tower, which is on track for completion in Q4 of 2019. Located at the entrance to Jumeirah Beach Residence, 1/JBR is a 46-story residential tower, with panoramic views of the Dubai …
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Bloom quadruples property sales volume in 2016
The Abu Dhabi-based company capitalised on its solid credentials in the real estate market as a trusted master developer of high-quality properties – with the completion ahead of schedule and delivery of several significant projects that registered a high …
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Cityscape Abu Dhabi returns with clear message from developers: now is the time to invest
Property developers line up to capitalise on optimistic sentiment for 2017 UAE Real Estage photo caption: Cityscape Abu Dhabi has announced that more than 90% of show floor has already sold, as it prepares for buoyant return from 18-20 April at the Abu …
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Abu Dhabi's developers finally start thinking mid-market
Dubai: There might be some respite for Abu Dhabi’s luxury-leaning residential property market after all — more developers are now “evaluating” whether to go in for mid-market offerings. Unlike at any point in the recent past, the market …
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Reminder To Always Request Your Hotel Benefit Letter As Status Customer, Outlining Your On-Property Benefits
This week I stayed at the Le Royal Meridien Abu Dhabi as well as the St.Regis Abu Dhabi at Nation Towers. Both properties didn’t explain the Platinum Benefits properly upon check-in and didn’t ask for the Platinum Amenity either. The latter alone would …
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Banks recovery trigger bounce back in UAE indices
National Bank of Abu Dhabi closed 2.05 per cent higher at Dh9.95. Aldar Properties closed 2.01 per cent higher at Dh2.54. Sharjah Islamic Bank closed 1.97 per cent higher at Dh1.55. Asmak closed 2.99 per cent higher at Dh2.41. Among the losers, Union …
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15.2 Billion Dirhams of margin trading finance in ADX in 2016
and RAK Properties with 1.1 billion Dirhams. In the banking sector, First Gulf Bank shares received 962 million Dirhams of funding, followed by National Bank of Abu Dhabi with 328 million Dirhams. Whereas in other sectors Dana Gas received 516 million …
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UAE shares rebound as measure of business activity jumps to six-month high
FGB, the Abu Dhabi-based lender, and Etisalat, the mobile phone operator, led gains in Abu Dhabi, while Dubai Islamic Bank and Emaar Properties underpinned the rise in Dubai. FGB gained 1.19 per cent, Etisalat 1.14 per cent, DIB 3.9 per cent and Emaar 0.69 …
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ADX registers Dh15.2 billion of margin trading finance
and Rak Properties with Dh1.1 billion. In the banking sector, First Gulf Bank shares received Dh962 million of funding, followed by National Bank of Abu Dhabi with Dh328 million. Whereas in other sectors Dana Gas received Dh516 million; Methaq Takaful …
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