Dubai While freehold transactions in Dubai are up a healthy 20 per cent in the first five months, when it comes to property values they are either in decline or, at best, growing in anaemic single-digits. On the plus side, this means prospective buyers — especially end users — can still get in at prices[…]
Archive for June, 2017
The UAE is a young, dynamic country, with a large millennial population, aspiring for nothing but the best. Born between the 1980s and 2000, this generation is an enthusiastic consumer of financial technology or fintech solutions, but are they really savvy when it comes to the adult world of property investment and financing? According to[…]
A M Best, a top insurance rating and information source, has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Dubai Insurance Company (DIC).. The outlooks of these Credit Ratings have been revised to stable from positive. The rating upgrades reflect DIC’s[…]
29 November 2016 Many long-term Dubai residents are faced with the decision to either buy or continue renting a home. A big number of expats have been in the emirate for more than 5 years and are still living in a rented apartment or villa. So when does it make sense to buy rather than[…]
29 November 2016 Major Dubai-based construction firm Arabtec Holding on Tuesday announced Hamish Tyrwhitt has been appointed its new chief executive officer, but who is the new head of one of the United Arab Emirates’ most high profile listed companies? Tyrwhitt worked for 27 years at international construction firm Leighton Holdings Ltd., holding various positions[…]
Two new retail developments announced for growing residential areas of Nad Al Sheba and Al Quoz 2
Traditional design elements combined with contemporary touches for a unique customer experience
As part of aswaaq’s dedication to nurturing SMEs, at least 20% of leasing opportunities offered to Dubai SME members Dubai, UAE, 29 November 2016:[…]
Residential landlords in Dubai are getting increasingly flexible in their terms and pricing, going by what leading real estate brokerages in the city have to say. The burgeoning supply of units in Dubai has given more choice and confidence to tenants to explore more options and cheaper rents upon lease renewal. Landlords are slowly accepting[…]
News
Sunday, June 25, 2017 17:45
By BRIAN WASUNA
Hassan Zubeidi, founder of the collapsed Dubai Bank. FILE PHOTO | NMG
Two companies and a businessman opened bank accounts at Dubai Bank then relinquished their control to the collapsed lender’s chairman Hassan Zubeidi — a move that[…]
Regional real estate markets set for further uncertainty following US election result, says Cluttons
Upturn in regional investment expected due to temporary recoiling in global property investment appetite Dubai, 29 November 2016: Following a sustained period of economic instability, fuelled by falling oil prices and a general weakening of the global economy, the recent election of Donald Trump as the 45th president of the United States of America is[…]
29 November 2016 By Yasmine Saleh The real estate market in Gulf Arab countries would be hit hard if regional governments decide to include the sector in a planned value-added tax (VAT) system due to be introduced in some countries in 2018, real estate and tax specialists said. The six countries that make up the[…]
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