H&S Real Estate Dubai, a property firm that is part of Haqsons Group, had made transactions till March until the announcement of lockdown. “Sales-wise, the first quarter of 2020 was almost as good as 2019 first-quarter, wherein we have sold close to 500 million UAE dirhams ($136 million) worth of off-plan properties,” Emad Haq, vice[…]

The Financial Action Task Force (FATF) and the Middle East and North Africa Financial Action Task Force (MENAFATF) assessed The UAEs anti-money laundering and counter terrorist financing (AML/CFT) system. The report is a comprehensive review of the effectiveness of the UAE’s measures and their compliance with the FATF Recommendations. This includes an assessment of its[…]

Hussain Sajwani of Damac Properties repeats his stance that Dubai property market needs to see fewer launches. Image Credit: Gulf News Archive Dubai:  While the coronavirus is wreaking havoc around the world, it could give Dubai’s long-slumping property market a much-needed break from new projects, Damac Properties’ chief has said. “If there is a silver[…]

Share Tweet Google Plus Share Email Despite the COVID-19 pandemic the UAE stock market is showing signs of stability. The UAE stocks secured combined gains of circa AED32.5 billion over the three sessions conducted since the beginning of Ramadan after upbeat sentiments earned traders today in the country’s two main bourses around AED5.7 bn in[…]

The spillover effect from 2019 has resulted in a higher completion rate of property projects in Dubai this year, with over 20,000 units having been completed in the first four months of 2020 despite a slowdown in new project launches. In addition, work on construction projects is also continuing at a steady pace as the[…]

Etihad Airways has announced more passenger flights and destinations flying from the UAE capital. An updated schedule of flights has been announced, including increased frequency to previously announced destinations, and the addition of flights to Dublin and New York. The flights allow foreign nationals the opportunity to travel outside of the UAE as well as[…]

Share Tweet Google Plus Share Email As reported by the Emirates News Agency (WAM), The Sharjah Directorate of Public Works said it has completed 76 projects at a total value of AED195 million during the first quarter of 2020 as part of the developmental plans adopted by the Emirate of Sharjah to ensure social welfare[…]

Since the UAE reduced National Sterilisation Programme hours and movement restrictions were eased ahead of Ramadan in Dubai, one of Dubai’s real estate listings and mortgage aggregators has seen new trends and positive signs in the market over the past few weeks. A new study from the UAE’s Property Finder and Mortgage Finder shows an[…]

DUBAI, (UrduPoint / Pakistan Point News / WAM – 27th Apr, 2020) Dubai Municipality has organised a series of remote awareness workshops in conjunction with the World Intellectual Property Day, which is celebrated in April. The workshops were aimed at discussing the role that intellectual property rights and patents play in promoting innovation and creativity[…]

Emerging Markets Property Group (EMPG), the parent company of Dubai’s property portal Bayut, secured $150m (Dh550m) in new investment in a deal that values the company at $1 billion. The investment round was led by Netherlands-based OLX Group, which will combine its Middle East, North Africa and South Asia businesses with Dubai-headquartered EMPG, the companies[…]