Archive for April, 2018

Lootah delivers 100-unit Dubai housing property

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UAE-based Lootah Real Estate Development, one of the most modern real estate developers in the region, has announced the on-time completion and handover of its residential property located in International City Phase 3. The real-estate developer held a ribbon cutting ceremony at the “Lootah Residence II” to celebrate another milestone and formally commemorated[…]

Lootah delivers 100-unit Dubai housing property

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UAE-based Lootah Real Estate Development, one of the most modern real estate developers in the region, has announced the on-time completion and handover of its residential property located in International City Phase 3. The real-estate developer held a ribbon cutting ceremony at the “Lootah Residence II” to celebrate another milestone and formally commemorated the new[…]

Off-plan sales drive strong Q1 returns for Emaar

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Developer records 62% gain in net profit at its Dubai operations on revenues of Dh3.27b Dubai: Emaar’s Dubai operations didn’t seem to feel any impact from the general slowdown in the property market, and instead recorded a 62 per cent year-on-year gain in net profit to Dh819 million for the first quarter of 2018. Revenues[…]

Richard Branson unveils new Dubai hyperloop venture

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Sir Richard Branson is teaming up with Dubai port operator DP world to enter the hyperloop business and move cargo at a top speed of 760mph.  The cargo system, which is being designed alongside a possible passenger service by Virgin Hyperloop One, will be called the DP World Cargospeed.  Sultan Ahmed bin Sulayem, the port[…]

Dubai Properties adds new phase at Villanova community

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Dubai: Dubai Properties has launched a new phase of its Villanova community in Dubailand. The third phase of Amaranta is to begin in the fourth quarter of this year, with completion scheduled for the fourth quarter of 2020. Villanova is located at the intersection of the Dubai — Al Ain Road with Emirates Road. Amaranta[…]

‘We negotiated our rent down in Abu Dhabi’

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When it comes to getting your landlord to reduce your rent these days, it appears all you have to do is ask. With more supply, property deals widely advertised and residents in compounds and apartment buildings able to communicate via social media what they are paying, those in the industry say the UAE has shifted[…]

Abu Dhabi property prices post mixed trends

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The real estate market in the UAE capital Abu Dhabi have witnessed mixed trends in February with the rental prices witnessing a steep decline in most areas while the sales prices at most prime properties remaining steady, said a report by UAE property portal Bayut. The report gauges user interest in popular areas across the[…]

EIPA celebrates first batch of IP diploma graduates

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Emirates Intellectual Property Association has joined hands with Dubai Courts to celebrate the first graduates of Intellectual Property (IP) diploma course.   The Diploma of the Intellectual Property Expert was held under the supervision of a group of academics and experts accredited by the World Intellectual Property Organization (WIPO).    The program, a first-of-its-kind in[…]