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UAE markets open higher as trading resumes post-Eid

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While Asia-focused investors feared another mass protest unravelling in Hong Kong, global markets largely shrugged it off and focused instead on the gradual reopening of economies post-lockdowns. As more economies proceeded to gradually reopen after pandemic-induced slowdowns, a minor rally was seen in most markets worldwide, but analysts saw a pullback in risk-on sentiment as[…]

Business confidence will improve: Dubai Chamber

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DUBAI: A staggering 70% of businesses in Dubai expect to close their doors within the next six months as the coronavirus pandemic and global lockdowns ravage demand, a survey by the Dubai Chamber of Commerce reveals. The Chamber surveyed 1,228 CEOs across a range of sectors between April 16 and April 22, during the emirate’s[…]

UAE taxi driver performs road stunts in viral video, arrested – News

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The arrest came three hours after a viral video circulated showing the driver acting recklessly on Emirates Road. Sharjah Police have arrested a taxi driver who ignored traffic regulations and performed stunts on a highway within three hours of a video of his antics going viral. The driver was endangering people’s lives by ignoring traffic regulations[…]

UAE real estate to see surge in buyers, says Reportage Properties – News

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The Abu Dhabi-based developer said it recorded sales worth Dh260 million from January to April 2020. Reportage Properties on Friday said outlook for the UAE real estate industry is bright and it will continue to attract buyers despite challenging environment due to coronavirus outbreak. The Abu Dhabi-based developers, which is executing eight projects[…]

A world of tokens awaits Dubai real estate

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Thank you for your reading and interest in the news A world of tokens awaits Dubai real estate and now with details Aden – Yasmin Abdel Azim – Dubai turned vision into reality and created a successful real estate market. Tokenisation can be the next innovation needed to revive its real estate sector. Image Credit:[…]

Reportage Properties nets $71m in UAE sales within 4 months

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UAE-based Reportage Properties has announced total sales of Dh260 million ($71 million) during the first four months despite Covid -19 challenges. The company is presently developing eight projects in Abu Dhabi and Dubai, which on completion, will provide about 3,150 housing units. Reportage Properties, a leading real estate developer in the UAE, has announced total[…]

Interest in the business of property will not disappear

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If the possibility of a flood of new homes recedes, that in itself will offer some welcome relief for Dubai’s property market. Once that happens, investor interest will slot back into place. Image Credit: Gulf News Archive Like all other businesses, COVID-19 has slowed things down – momentarily – for the UAE’s real estate sector.[…]