Archive for June, 2017

Krystel Irani appointed Director of Operations at Raffles Dubai

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DUBAI – Ayman Gharib, General Manager of Raffles Dubai, announced the appointment of Krystel Irani as Director of Operations, Raffles Dubai. In her new role, Krystel will oversee all the daily hotel operations at the landmark property. Commenting on Krystel’s appointment, Gharib said “We are delighted for Krystel to take on the role of Director[…]

Bloom expects boost to luxury

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The Abu Dhabi developer Bloom Holding does not expect the capital’s luxury housing sector to start picking up until the end of next year. Sameh Muhtadi, the chief executive of Bloom, the private developer currently responsible for a clutch of ambitious projects in Abu Dhabi and Dubai, thinks that the impact from low oil prices[…]

Abu Dhabi rental market is picking up activity

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Property brokers in Abu Dhabi are reporting a pickup in deal activity as renters search for better housing deals. “Volumes on new leases for us have been higher this year than at any other time,” said Ben Crompton, managing partner of Crompton Partners estate agents in Abu Dhabi. “People are moving either because their budget[…]

Irani named director of operations at Raffles Dubai

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Krystel Irani has been appointed as director of operations, Raffles Dubai, an iconic property in the UAE emirate. In her new role, Irani will oversee all the daily hotel operations at the landmark property. Commenting on Irani’s appointment, Ayman Gharib, general manager of Raffles Dubai, said: “We are delighted for Krystel to take on the[…]

Dubai house prices, rents bottoming out: analyst

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Investors regaining interest as they now see Dubai as a better-value option compared to other markets Dubai tenants will continue to find bargains in the market but maybe not for long. Dubai: After a three-year slump, house rents and prices in Dubai appear to have reached their lowest points, and investors are now increasingly interested[…]

Dubai residential property prices down 4.57pc

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Residential property prices in Dubai’s rental market plunged 4.57 per cent year-on-year (y-o-y) in May due to a sharp drop in both apartment and villa prices across the emirate compared to the same period last year, said a report. The Dubai Residential Property Sales Price Index for all residential rose by 0.6 points, from 258.4[…]

Transaction volumes make gains at Dubai South

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It records second highest deal flow in Dubai after Jumeirah Village Circle during May Image Credit: Virendra Saklani/Gulf News The entire set of Dubai South-based projects will be delivered in phases running all the way up to 2025 and will have 20,000 plus residences. Dubai Value-conscious property buyers are heading for Dubai South, which recorded[…]

Beat the heat with Wyndham Dubai Marina

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This summer, Wyndham Dubai Marina is offering incredible deals for everyone, including the perfect city summer staycation and every kid’s dream escape with access to the popular Dubai Parks. Conveniently located in Dubai Marina, Wyndham offers contemporary hotel rooms and suites in a warm and comforting atmosphere with picturesque views overlooking Dubai Marina and the[…]

Dubai’s developers getting too generous on incentives

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Low upfront payments potentially expose them to greater risks, says Cluttons chief Murray Strang, Head of Cluttons Dubai, said it will be good for the property market if all theinvestors who put in initial deposits stick on for the rest of the payments. Dubai It’s all very well for Dubai’s developers to talk about the[…]