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U.A.E. Non-Oil Growth Slumped Last Year, Early Figures Show

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(Bloomberg) — Economic growth in the United Arab Emirates is estimated to have accelerated last year, but mostly because of oil. Excluding the hydrocarbon industry, the Middle East’s second-biggest economy expanded at the slowest pace since at least 2011, according to central bank forecasts released on Sunday. It grew 1.1% in 2020, compared with 1.3%[…]

INTERVIEW: It’s a family affair at DAMAC Properties

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In the strong family business circles of the Middle East, the question of succession is often a fraught one. DAMAC Properties, the real estate developer founded and run for nearly two decades by Hussain Sajwani, seems to have plenty of options in the matter. His four children all play a role in DAMAC, but Ali[…]

UAE’s new residents opt for safer rental option

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Thank you for your reading and interest in the news UAE’s new residents opt for safer rental option and now with details Aden – Yasmin Abdel Azim – Newcomers to the UAE prefer going the rental route rather than buy. Under pressure rents are making their choices easier. Pictured here is a junction in Bur[…]

Manchester university starts new real estate degree course

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The University of Manchester has launched a new part-time master’s degree in the Middle East for people working in the real estate industry and associated professional services, or working professionals with an interest in building a career in real estate. The MSc Real Estate programme is delivered in a part-time blended learning format, suitable for[…]

UAE offices need a bit of ‘opening’ up

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Clear sightlines across a large area – that’s what today’s ideal workspaces aspire for. Image for illustrative purposes only. Image Credit: Supplied While modern, varied amenities are desirable in an office workplace, ranging from coffee shops and tech labs to onsite gyms and childcare, we believe spaces that are flexible and versatile – with facilities[…]

UAE’s proptech community to disrupt and boost growth – News

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The GCC’s first Proptech Community was officially launched in the UAE on Tuesday. The new initiative brought together proptech entrepreneurs, mentors and investors to shed light on different Proptech related topics from angel investing to property management and energy optimisation. The event hosted three innovative tech companies, who shared their disruptive business models. The UAE’s[…]

Mudon: Where residents live as one big family – News

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The community that has over 800 villas surrounded by lush green gardens is divided into multiple subdivisions. Being a fairly new, family-oriented and gated community, Mudon offers residents a mid-level luxury living concept with well spaced out and planned townhouses and family villas. The residential complex project developed by Dubai Properties is located[…]

Seven Tides sees 70pc jump in Dubai property sales

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UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides said it has recorded a 70 per cent spike in sales over the past two months for its developments in Dubai. The residential and hotel apartments, worth over Dh100 million ($27.2 million) were sold from December 2019 to January, with Seven Palm, generating the lion’s[…]

Newcomers to UAE prefer to play safe by renting

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Newcomers to the UAE prefer going the rental route rather than buy. Under pressure rents are making their choices easier. Pictured here is a junction in Bur Dubai. Image Credit: XPRESS Archive Dubai: The steep decline in rents across Dubai is actually getting in the way of more home buyers entering the market.    […]