Archive for November, 2018

Dubai News | News Centre

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Monday, November 12, 2018 Dubai Land Department (DLD) is proud to organize the third edition of the Dubai Property Show to London from 16 – 18 November 2018. The three-day show will bring leading real estate companies like Nakheel Properties, Falconcity of Wonders, Sobha Realty and many other developers along with Real Estate Brokers, Banks,[…]

National Bonds’ Dubai housing project 90pc sold out

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National Properties, the real estate arm of National Bonds Corporation, has announced that 90 per cent of its ‘Casa Familia,’ a key development offering innovative and affordable luxury housing solutions in Dubai, has officially been sold out, thanks to its award-winning rent-to-own in-house finance scheme. ‘Casa Familia’ is part of the well-established Motor City Green[…]

Damac chief confident of Dubai property market recovery by 2021

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DUBAI: One of the UAE’s leading property developers believes that the property market will pick up again by 2021.Hussain Sajwani, the billionaire founder and chairman of Dubai-based Damac Properties, told a World Economic Forum meeting in the UAE that it could take “a few years” before the current phase of the property cycle reversed, boosted[…]

Danube awards Dubai residential project contract

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Danube Properties, a UAE-based developer, has awarded a Dh149.5 million ($40.6 million) contract to Cast Construction, a Dubai-based contractor, for the main construction works of its residential project Jewelz located at Arjan, near Miracle Gardens. The developer’s 10th housing project, Dh300-million ($81.6 million) Jewelz offers 463 residential units, ranging from studio, one and two-bedroom apartments.[…]

UAE banking sector to maintain steady growth

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With economic growth starting to pick up again on the back of higher oil prices and production, as well as increased government spending, Al Ghurair said banks are seeing a revival in credit demand from corporates, government and government related entities (GREs), although overall retail loan growth is expected to remain anaemic. Source link

Sattar threatens to reveal Dubai property-holders’ names after MQM ouster | Pakistan

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KARACHI: A former top official of the Muttahida Qaumi Movement-Pakistan (MQM-P) on Friday night threatened to disclose the names of people who “have made and owned properties in Dubai”. Addressing a press conference here in the city’s Pir Ilahi Buksh (PIB) Colony — his residence — after his unceremonious ouster from the party, Dr Farooq[…]

UAE home owners feeling weight of rising mortgage rates

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“The Eibor (Emirates inter-bank offered rate) is already at a 10-year high of 3.49 per cent, which is what local mortgage rates are set around,” said Sameer Lakhani, Managing Director at Global Capital Partners, the real estate consultancy. “By extension, this means that mortgage rates too are at a decade’s high.” Source link

Chain Focus: Emaar Hospitality Group

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Loading Share Content… Emaar Hospitality Group is a wholly-owned subsidiary of Emaar Properties PJSC, one of the world’s most valuable real estate development companies with competencies in property, shopping malls, and retail as well as hospitality and leisure. Created in 2007, the group owns and manages a portfolio of hospitality assets and brands including Address[…]

Developer announces completion of wasl Crystal project in Dubai

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wasl properties, a subsidiary of wasl Asset Management Group, has announced the completion of wasl Crystal apartments in Al Quoz, Dubai. wasl Crystal will provide 306 residential units comprising 9 studios, 63 one-bedroom units, 54 larger one-bedroom units, 168 two-bedroom units, 3 larger two-beds and 9 three-bedroom apartments. The developer said in a statement that[…]

A Spanish Touch

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Loading Share Content… Barcelo Hotel Group opened its newest project Occidental IMPZ Dubai, Conference and Events Centre last month. The opening signifies the group’s plans to cement its brand presence in the Middle East and significantly increase its footprint across the next five years, and Mahak Mannan spoke to Ahmad Shaban Fernandez, vice president, sales[…]