Archive for June, 2017

In Dubai, property prices are yet to play catch up

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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[…]

Being a millennial homeowner in Dubai

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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 upgrades credit ratings of Dubai Insurance

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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[…]

Arabtec’s new CEO Hamish Tyrwhitt: the man tasked with turning around one of the UAE’s biggest companies

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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[…]

UAE’s aswaaq to develop inspiring community hubs in the heart of Dubai’s newest neighborhoods

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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:[…]

Good news ! Dubai landlords open to bargains

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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[…]

Ex-Dubai Bank boss now faces fresh suit

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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

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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[…]