I have resigned from my job in Dubai. My accommodation has been provided by the company with the tenancy agreement between the company and the landlord. The tenancy agreement stipulates that one month’s penalty and two month’s notice applies in the case of early termination. There is nothing in my contract with the company related[…]
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News Centre … Dubai Land Department develops action plan to regulate lease registrations in … Dubai Land Department (DLD) has announced that it will be developing an action plan … DIP and DLD also agreed to establish a registration mechanism for DIP properties through the relevant department. Source link
The four-star Dh600 million hotel, located on Sheikh Zayed Road, next to UAE Exchange Metro Station, is scheduled for opening before Dubai 2020.
RSG International, UAE-based business group, on Wednesday signed a management agreement with Rotana for its second Dubai hotel project announced this year. The agreement for the new hotel was signed[…]
Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by 2.5%, while sale prices were down 0.5%, according to the Phidar House Price Index.[…]
UAE-based MAG Property Development (MAG PD) is broadening its presence across Dubai with the launch of two high-end developments MAG 318 and MAG 230 in the prime localities of Downtown Dubai and Dubailand. MAG PD, the property development arm of MAG Group, said the 318 Tower brings high-end studios, one and two bedroom apartments to[…]
Arabtec Holding has appointed Gavin Appleby, the former Middle East managing director of OCS group, as managing director of the company’s mechanical, electrical and plumbing arm, EFECO. In a statement to the DFM on Wednesday, Arabtec chief executive Hamish Tyrwhitt said that the announcement “wrapped up” the company’s recent spate of “key management appointments”. Mr[…]
DIFC was one of the areas that avoided the downtrend after rents increased four per cent quarter on quarter With a softening market as a bargaining chip, tenants have been getting more favourable terms from landlords in the past several months and could even find more attractive deals this year. While rents in Dubai’s freehold[…]
The Abu Dhabi developer Aldar Properties compensated for a drop in government income in the first quarter of this year by boosting property and land sales. In a statement to the Abu Dhabi bourse on Tuesday, Aldar said that profit attributable to shareholders stood at Dh636 million in the first three months of this year,[…]
Net profit at Emirates Reit, the UAE’s first listed real estate investment trust, fell by 36.3 per cent in the first three months of this year compared with a year ago because of a slump in valuation gains. According to a company statement on Nasdaq Dubai, net profit for the first three months of this[…]
First quarter net profits at Abu Dhabi’s largest listed developer, Aldar Properties, remained flat compared with a year earlier as a drop in government income was offset by property and land sales. In a statement to the Abu Dhabi bourse this morning Aldar said that profit attributable to shareholders stood at Dh636 million in this[…]
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