Nearly 10 years have passed since the World Financial Crisis, which commenced with a collapse in the sub-prime mortgage market in the USA. It later developed into a full blown international banking crisis causing equities, commodities and real estate …
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Abu Dhabi Financial Group to maintain growth strategy
The Abu Dhabi Financial Group (ADFG), an alternative investment company with US$5 billion in assets, will maintain its growth strategy this year after a busy 2016 that included investments in banking and property. The company doubled its revenue last year …
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Abu Dhabi tenants in limbo over Tawtheeq system
ABU DHABI // Property agents say they have hundreds of tenants left waiting without power because of a fault in the Tawtheeq housing registration system. More than three weeks after the latest computer system was introduced, residents are still spending up …
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Dubai Frame Approaches Completion Amid Allegations of Stolen Intellectual Property
The Dubai Frame is scheduled to open later this year. Image via Instagram user bachir_photo_phactory Dubai’s newest mega-attraction, a 150-meter-high, 93-meter-wide picture frame structure dubbed the “Dubai Frame” is approaching completion after a …
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Surprise Return of Abu Dhabi Rent Cap
The cap was first applied in 2006, but was abolished in late 2013, a move that helped spark steep rent rises as a broader rebound in the UAE property sector took hold in Abu Dhabi. Values are again in decline after Abu Dhabi’s government reined in …
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UAE- Invest wisely in off-plan property to reap good returns
(MENAFN – Khaleej Times) Dubai is the most populous city in the UAE. Once a major transport hub for passengers and cargo, the city is now powered by tourism, real estate and financial services. Though the city started its early development based on oil …
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Dubai real estate agent’s Dh5,000 renewal fee is far higher than normal
I am about to renew my tenancy for a two-bedroom villa in Mirdif. I received the renewal notice from the real estate agency stating that I need to pay Dh95,000 for the annual rent and Dh5,000 for the agency fee. Are they allowed to charge such a high …
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Dubai's real estate market is mature and…
Damac properties has almost been a bellwether in the Dubai property market. Even during the market’s lean phase, Damac was consistent with its product launches, much to the surprise of market stakeholders. That strategy continues even today. “We are …
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Dubai's real estate market is mature and streamlined
Damac properties has almost been a bellwether in the Dubai property market. Even during the market’s lean phase, Damac was consistent with its product launches, much to the surprise of market stakeholders. That strategy continues even today. “We are …
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New online property will developed for non-Muslims
Dubai: A new property will has been developed online specifically for non-Muslim property owners in Dubai and Ras Al Khaimah. They can now draw up their will and register it in Dubai for a quick and hassle-free succession. Despite the continuous year-on …
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Aldar Properties : Bauer tackles Abu Dhabi job
The German foundation specialist is busy with ground improvement works on a prestigious villa community that Aldar Properties is developing. Upon completion, the project will house a high-end residential villa community with retail buildings, schools, a …
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Glitch in Tawtheeq system causes upheaval for Abu Dhabi residents
ABU DHABI // A glitch in the municipality’s property registration system has stopped hundreds of people from moving into new homes. Long queues have formed all day at the Tawtheeq offices for more than a week, with many people having to return the next …
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Abu Dhabi rents expected to decline in 2017
the property division of Abu Dhabi Islamic Bank, told The National. “I think possibly the effect of the reintroduction of the rent cap could be that rents start to stabilise,” added Andrea Menown, head of investment sales at broker LLJ. Either way …
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Fun Abu Dhani attraction coming in 2018
World Abu Dhabi will bring together Super Heroes and Super-Villains from the DC Universe, including Batman, Superman and Wonder Woman, as well as iconic animated properties such as Bugs Bunny, Scooby-Doo and Tom and Jerry, creating a family-friendly …
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Rents and prices set to fall further in Abu Dhabi in 2017
Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas …
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Rak Properties signs deal to launch InterContinental hotel
Ras Al Khaimah: Rak Properties, one of the biggest property developers listed on the Abu Dhabi Stock Exchange, has signed a Dh11.5 million contract with Al Nuaimi Group, to embark on the implementation phase of its upcoming InterContinental Mina Al Arab …
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Abu Dhabi sees big demand for affordable lodging
The UAE capital’s largest and most influential property investment show, Cityscape Abu Dhabi will run from April 18 to 20 at the Abu Dhabi National Exhibition Centre. It has returned with new features and highlights across 18,000 sq m of exhibition space …
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