Archive for March, 2018

DLD signs e-Mortgage agreement with Dubai Islamic Bank

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The agreement aims to save customers both time and effort by integrating DLD and DIB services Dubai: The Dubai Land Department, DLD, has signed an e-mortgage agreement with Dubai Islamic Bank, DIB. The agreement was signed by Juma Bin Humaidan, Deputy Director-General of DLD, and Mohammad Abdullah Al Nahdi, Deputy Chief Executive Officer of DIB.[…]

Dubai: Danube delivers AED350mn Glitz Residences

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Dubai-based property developer, Danube Properties, announced the delivery of its third project, Glitz Residences 3, at Dubai Studio City. With a development value of AED350mn, the project contains 354 residential units including studio, one-, and two-bedroom apartments – all sold out following its launch in 2015, said the company in a statement. With the completion[…]

Six Benefits Of Investing Through Property Crowdfunding

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For U.A.E. residents, investing in U.K.’s property market has always been seen as a safe move, thanks to strong rental income and solid capital growth. However, investing in U.K. property is not without its challenges and there are a number of administrative, financial and geographical considerations with the traditional buy-to-let investment model.  Specifically, overseas investors[…]

Danube delivers $95m Dubai Studio City tower

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Danube Properties, a major Dubai-based property developer, has announced the delivery of its third project, Glitz Residences 3, at Dubai Studio City. With a development value of Dh350 million ($95.2 million), the project contains 354 residential units including studio, one- and two-bedroom apartments – all sold out following its launch in 2015, said the company[…]

Dubai’s developers aim big with ‘co-living’ spaces

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Emaar launches the Collective at Dubai Hills Estate with young professionals in mind Emaar unveils ‘Collective’ at Dubai Hills Estate, a modern and contemporary co-living community Dubai: A younger buyer profile is starting to figure more prominently in Dubai developers’ plans. And “co-living” spaces are what the developers are building for them where buyers and[…]

UAE Economy Moves Beyond Oil

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The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80 percent by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse economy in the Gulf Cooperation Council, GCC, region. It added that the country’s seven emirates have[…]

Danube hands over the Glitz 3

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Dubai: Danube Properties is making headway on the delivery side of its projects, having initiated the handover of the Glitz 3 in Dubai Studio City. For the full year, projects valued at a combined Dh1.5 billion from its portfolio will be completed and made ready for occupation. In all, it will deliver around 1,400 units[…]