Archive for November, 2018

Dubai’s house price growth down in October

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The annual house price growth in Dubai has softened by 5.6 per cent in October, with the rates declining 1.2 per cent month-on-month – a slight fall of 0.3 per cent compared to the monthly change in October of the previous year, according to a report. House prices in Dubai are expected to continue declining[…]

Imran’s sister pays penalty on her undeclared Dubai property | Top Story | thenews.com.pk

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Imran’s sister pays penalty on her undeclared Dubai property ISLAMABAD: In an effort to avoid imminent legal action for owning undeclared overseas’ assets, Prime Minister Imran Khan’s sister, Aleema Khanum, has deposited half of her Dubai property’s total cost with tax authorities. Mrs Khanum paid 25 percent of total estimated amount of her luxurious flat,[…]

Dubai’s Emaar Properties reports 29% fall in Q3 2018 profit, Real Estate News, ET RealEstate

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BY: Alexander CornwellDUBAI: Dubai’s largest listed developer Emaar Properties reported a 29 percent fall in third quarter profit on Wednesday, below analysts’ forecasts. The developer of the Burj Khalifa, the world’s tallest building, did not say why profit fell, though Dubai’s property market has been suffering from a prolonged downturn. Emaar made a net profit[…]

Dubai launches New York office as it chases more US property investors

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Dubai Land Department (DLD) has inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd. Sultan Butti bin Mejren, director general of DLD, said the new office will contribute to promoting investment opportunities in Dubai’s real estate market. The office will provide customer relations, enquiry, and specialised services that[…]