Muscat: Development of pockets of unutilised land within developed areas is a growing trend within Dubai’s heavily populated urban areas, signalling the start of a new phase of maturity in the local real-estate market, said an expert. However, this …
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Revealed: who is spending most in Dubai’s real estate market
Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are most active, outperforming all other nationalities.
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Dubai suburbs are becoming popular among tenants
More and more tenants in Dubai are increasingly moving from established communities to suburban areas. Landlords in suburban communities are offering relatively new properties at more competitive rents and terms. These neighbourhoods also deliver in terms …
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Why this luxury home developer thinks Toronto and Dubai real estate is alike
The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
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Abu Dhabi’s Bloom Properties begins work on JVC project
Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
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Bloom Properties Commences Enabling Works of Bloom Towers
Bloom Properties, a Bloom Holding business specializing in the … Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental …
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Trump’s Dubai business associates to build Versace-branded tower block in London
Luxury real estate developer DAMAC International is building a Versace-branded 50-storey skyscraper in London. DAMAC International has developed the Trump International Gulf Club Dubai and Trump-branded luxury villas. The prime central London property …
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Property firm owned by Irishman manages $100m in Dubai assets
A Dubai-based property management firm led by Irish businessman Paul Mallee has achieved a milestone of $100 million (€85 million) worth of assets under management and hopes to manage 500 properties by 2020. Maison Prive, founded by Mr Mallee and his …
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Abu Dhabi districts see property price dips of up to 16% – report
The price of property in Abu Dhabi has fallen by between 4 and 16% depending on area in the first two quarters of this year, according to a report by Core Savills. Sales prices per square foot fell by 4% in Al Raha Gardens, 9% at Al Reef Villas, and 16% at …
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Bank financing for UAE property increases 6.2% in H1 2017
DUBAI: Bank financing provided to the property and construction sector in the UAE increased by $4.4bn (AED16.5bn) during H1 2017, about 6.2% from the end of 2016. The total bank credit channelled to the sector by the end of June reached $77bn (AED281.2bn …
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Bank financing to UAE property sector tops USD76bn in H1
(MENAFN) Bank financing offered to the property and construction sectors in the #UAE reached USD76.5bn amid the first half of the year, growing by Dh16.5bn. Accordingly, funding offered to the sectors covered 19.3 percent of the whole credit channeled to …
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Dubai real estate market sets the pace for renewed growth in the GCC
Dubai – The hottest real estate market in the Gulf is holding up gains from the last half of 2016, records from the Dubai Land Department (DLD) show. Its report for the first six months of 2017 indicates that Dubai real estate transactions totalled about …
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Job losses, income cuts weaken property demand in Abu Dhabi
Contractions in household incomes and workforce redundancies in both the public and private sectors have weakened real estate demand in Abu Dhabi, a new report by consultancy Core Savills has found. The residential sales market in the UAE capital has seen …
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NYU Abu Dhabi Researchers Identify Unique UAE Green Alga With Properties That May Provide an Alternative to Palm Oil
Researchers at New York University Abu Dhabi (NYUAD) in collaboration with other groups have discovered that the unique genomic traits that allow local green algae to survive in a desert climate may have far-reaching potential for biotechnical applications.
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Traders Hotel, Qaryat Al Beri, Abu Dhabi
Anyone who enjoys spending time by the water will enjoy a stay at Traders Hotel. With the capital’s Maqta Creek on its doorstep, this 301-room property not only has its own private beach, but also offers some of the best night views in the city.
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The St. Regis Saadiyat Island Resort, Abu Dhabi Installs Four Tesla Chargers
“As a forward-thinking property, we always strive to reduce our environmental impact, and adopting the latest technology can help us achieve our goals,” said Fadel, adding that the hotel’s parent company, Abu Dhabi United Hospitality, is also …
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No slowdown in Dubai property market
Dubai’s real estate is increasingly becoming mature and investors’ trust level is at its highest in the emirate’s property market, a senior official has confirmed. Mahmoud Al Burai, CEO of Dubai Real Estate Institute, Dubai Government, ruled out any …
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