Those looking out for a high-end apartment or villa to rent in Abu Dhabi should be able to get their way, with rates declining by 7 and 10 per cent respectively on these property types during 2016. From a landlord’s perspective, the current situation …
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Aldar Properties 2016 net profit surges to $762m
Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707 million …
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Abu Dhabi rents continue to drop under market pressures
according to the Abu Dhabi Residential Market Update Year in Review 2016 report from leading international property agency Chestertons Mena. “Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market.
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Aldar Properties : proposes 11% dividends for 2016
Abu Dhabi – Mubasher: Aldar Properties said its board recommended 11% cash dividends, equivalent to 11 fils per share, for the fiscal year 2016, according to a statement. Total recommended dividend payout stood at AED 865 million for FY16. The company’s …
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Aldar Properties reports an 8% increase in net profit to AED2.8 billion for 2016
We continue to see demand for our destination development strategy to create high quality, well-situated properties in vibrant communities in Abu Dhabi. As a result, our development sales value increased 17 percent to AED3.5 billion in 2016. Regarding our …
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Abu Dhabi Airports awards car parking contract for Midfield Terminal Complex
Abu Dhabi Airports has awarded a five-year car parking contract … shopping malls, universities, hospitals and property developers.
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Top Dubai developer targets Kenya’s super rich with its Sh22bn property
Dubai-based real estate firm Deyaar has pitched camp in the country hoping to lure super rich Kenyans to buy into its Sh22.5 billion ($218 million) property development in Dubai. Deyaar, one of United Arab Emirate’s (UAE’s) largest property development …
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Property Manager – Dubai Jobs
• Property contracts management with tenants by negotiating leases; collecting security deposit. • Accomplishes financial objectives by collecting rents; paying bills; forecasting requirements; preparing an annual budget; scheduling expenditures …
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Property resale registration fees 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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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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