Dubai’s private developers may need to put up 50% in bank guarantees to launch offplan projects

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Higher bank guarantee requirements ahead of launch will bring down number of new launches. This could give market some time to balance demand and supply. Image Credit: Virendra Saklani/Gulf News Dubai: Launching a freehold project in Dubai is becoming tougher for private developers as they are now required to put up 50 per cent of[…]

Sofitel Dubai the Obelisk opens in Dubai | News

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Sofitel Dubai the Obelisk has opened its doors in Dubai. Merging modern French art de vivre and ancient Egyptian heritage, it becomes the largest Accor property in the Middle East and Africa. It is located in the Dubai Wafi region. Mark Willis, chief executive Middle East & Africa at Accor, said: “This is a very[…]

Dubai Design District highlights more talent

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Emirates News Emirates News Today: Dubai Design District sheds light on more talents Source of the news – Emirates News Today with news details Dubai Design District highlights more talents: Emirates News Today, Dubai Design District is collaborating with an Emirati artist and country-based rapper to coordinate two exclusive playlists on the Apple Music platform,[…]

Page Not Found | ZAWYA MENA Edition

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Sorry, we can’t find the page you are looking for. It looks like this was the result of either: A mistyped address An out-of-date bookmark in your web browser A broken link on our site A broken link on a search engine results page A broken link on someone else’s page[…]

Page Not Found | ZAWYA MENA Edition

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Sorry, we can’t find the page you are looking for. It looks like this was the result of either: A mistyped address An out-of-date bookmark in your web browser A broken link on our site A broken link on a search engine results page A broken link on someone else’s page[…]

Khansaheb Investment buys back its shares from Interserve International

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Dubai: One of the UAE’s oldest business groups, Khansaheb Investment, has bought back its shares that were held by Interserve International Ltd.. The latter had held stakes in three businesses – Khansaheb Civil Engineering (contracting), Khansaheb Group (facilities management) and Khansaheb Hussain (oilfield contracting). With the buy-back, Khansaheb Investment is now the primary owner of all[…]