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Rights and dues of Arabtec staff to be protected

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As Arabtec is preparing for liquidation after the coronavirus pandemic deepened its financial woes, necessary legal arrangements and procedures have been recently taken to guarantee the rights and dues of its staff Image Credit: Virendra Saklani/Gulf News Dubai: As the Dubai-listed contractor Arabtec is preparing for liquidation after the coronavirus pandemic deepened its financial woes,[…]

Real estate sector contributed 7.2% to Dubai’s GDP in 2019 says report

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The real estate sector contributed 7.2 per cent of Dubai’s GDP in 2019 according to Dubai Land Department’s (DLD) annual report titled ‘Real Estate Sector Performance 2020′. Image Credit: Ahmed Ramzan/Gulf News Dubai: The real estate sector contributed 7.2 per cent of Dubai’s GDP in 2019 according to Dubai Land Department’s (DLD) annual report titled[…]

Brookfield is said to push ahead with India REIT IPO by year end, Real Estate News, ET RealEstate

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BY: Baiju KaleshBrookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as 38 billion rupees ($513 million), according to people familiar with the matter. The Canadian asset manager has received good response from investors including sovereign wealth funds[…]

Singaporeans snap up properties during worst ever recession, Real Estate News, ET RealEstate

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SINGAPORE: Singaporean Jason Chen recently bought a S$1.7 million ($1.26 million) three-bedroom apartment in a swanky condominium, upgrading his home in the middle of the COVID-19 pandemic which has triggered the country’s worst ever recession. “I know the price will rise”, said the 32-year-old, who has spent nearly a decade working in real estate. Undeterred[…]

Aldar Properties’ profit rises 8% to $113.27 million in Q3 2020, Real Estate News, ET RealEstate

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DUBAI: Aldar Properties, Abu Dhabi‘s biggest property firm, posted an 8% rise in third-quarter net profit, helped by strong sales of completed residential units and income from its third-party development management business. Aldar recorded a net profit of 416 million dirhams ($113.27 million) in the quarter ended Sept. 30, up from 387 million dirhams a[…]

Dubai ruler wins two-year battle to build six-bedroom lodge at his Scottish Highlands estate

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The billionaire ruler of Dubai has won his two-year planning battle to build a six-bedroom lodge at his sprawling estate in the Scottish Highlands – despite it being just yards from another family’s home.  The billionaire sheikh looked to have lost his fight to build the lodge after Highland Council refused a planning application to[…]

Azizi to unveil extensive project portfolio at Cityscape

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Azizi Developments, a leading private developer in the UAE, will be showcasing its extensive portfolio of premium off-plan, completed and soon-to-be-completed residential and commercial developments across Dubai at the upcoming Cityscape 2020 expo.   This year’s edition of Cityscape Global, an internationally renowned, much-awaited property expo, will take place from November 16 to 17 at[…]