Archive for October, 2017

Dubai’s latest night spot opens December

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This will be the first phase of Soho Gardens set across 14,000 sq m in Meydan Dubai The first phase of Soho Gardens, conceived as a full-on nightlife destination, is set to open in December at Meydan. The entire 14,000 square metre location opens for business by December 2018. “We are building Soho Garden to[…]

SAP supports wasl’s blockchain innovations to transform Dubai’s real estate sector | CPI Financial | CPI Financial News

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The technology was showcased by SAP during the recent GITEX Technology Week 2017 in Dubai. The live real estate on blockchain concept has been developed in partnership between wasl and the Co-Innovation Lab at SAP. Live real estate on blockchain connects tenants, service contractors, and property building managers on the SAP Leonardo digital innovation system,[…]

Dubai’s off-plan property market is on solid ground

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(MENAFN – Khaleej Times) The Dubai off-plan property market is booming. Although developers claim they have adjusted their build portfolios to meet affordability issues of low to mid-income end-users, it has been observed that investors are, in fact, lapping up a majority of these newly launched off-plan properties. Investors who do not qualify for[…]

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Dubai’s brokers netted Dh1.3b in commissions

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These represent what they generated for the first nine months from Dh65.62b in sales Dubai Real estate brokers in Dubai netted a combined Dh1.3 billion in the first nine months as commissions up to September. There are currently 6,200 brokers registered with the Land Department. Those from property sales totalled Dh595 million and from plots[…]

Revealed: how much have Dubai property brokers earned in 2017 – News,Banking & Finance,UAE

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Real estate brokers in Dubai made commissions of more than AED1.3 billion ($350 million) during the first nine months of 2017, it was revealed on Monday. Dubai Land Department (DLD) announced the level of commissions between January and the end of September, adding that a total of 6,200 brokers are currently active in Dubai’s real[…]

Dubai investors focus on off-plan property market

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The Dubai off-plan property market is booming. Although developers claim they have adjusted their build portfolios to meet affordability issues of low to mid-income end-users, it has been observed that investors are, in fact, lapping up a majority of these newly launched off-plan properties. Investors who do not qualify for home loans are being encouraged[…]

Emaar development IPO will make money for investors!

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Emaar Properties will sell 20 per cent of its UAE development portfolio in an initial public offering in November. This is the first IPO in the UAE capital markets in the last three years and follows bellwether offerings such as Emaar Malls and Emaar Misr. Emaar’s Dubai development’s adjusted net value is Dh24.1 and I[…]