The real estate development business of Emaar Properties, which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at Dhs24bn ($6.5bn), two people familiar with the deal said. The valuation is based on the assets Emaar ... ( read original story ...)
$24bn crude swap: Ex-PPMC boss to forfeit nine Dubai properties
The Economic and Financial Crimes Commission has begun fresh moves to seize nine Dubai properties worth about N1.6bn, traced to a former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh. Already, the EFCC has obtained an ... ( read original story ...)
Are you liable for income tax while living in the UAE?
For all expats in the UAE property is usually taxed in its physical location, rather than where the owner is resident, Ms McClafferty says: “This means even non-residents can be exposed to property taxes, although the scope and definition will vary ... ( read original story ...)
Dubai Properties’ Bellevue Towers Marks Key Construction Milestone
Dubai Properties, a leading Dubai-based real estate master developer of renowned destinations across the emirate, today announced the completion of the raft casting at its Bellevue Towers residential project. Valued at more than AED200 million, the two ... ( read original story ...)
Dubai Properties’ Bellevue Towers marks major construction milestone
RELATED ARTICLES: Dubai Properties to hand over Marasi residential tower in 2020 | Dubai Properties releases additional Arabella townhouse units | Dubai Properties begins work on Marasi Business Bay marina Dubai Properties has announced the completion of ... ( read original story ...)
NBK unit closes $95m Dubai school property deal
NBK Capital Partners, the private equity arm of National Bank of Kuwait, said it has completed the acquisition of the Dubai campus of a K-12 international curriculum school in a sale-leaseback transaction. This comes in line with the firm’s strategy to ... ( read original story ...)
Emaar to Manage Dubai Frame
Real estate giant Emaar has signed a memorandum of understanding (MoU) with Dubai Municipality to market and promote the latest landmark, Dubai Frame, which is set to open next month. As per the agreement, the company will provide guidance on the operation ... ( read original story ...)
Shabab Al Ahli Dubai ink deal with Nakheel
Dubai: Shabab Al Ahli Dubai Club has announced a new sponsorship agreement with Dubai-based property developer Nakheel. Khalifa Saeed Sulaiman, the chairman of the higher committee for the merger of Shabab Al Ahli Dubai and Ali Rashid Lootah, chairman of ... ( read original story ...)
Dubai’s Nakheel Takes Dh6.5 Billion Worth of Real Estate to Germany for Expo Real 2017
Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than AED6.5 billion (EUR1.5 billion) as it exhibits at Expo Real for the first time. The only UAE developer exhibiting at ... ( read original story ...)
Emaar Properties lifts Dubai index, but outlook bearish
Dubai: Mild buying in Emaar Properties helped the Dubai index close in the positive zone, but the overall outlook remains bearish as long as the gauge trades below the key resistance level. The Dubai Financial Market General index closed 0.45 per cent ... ( read original story ...)