Dubai Tourism releases new guidelines for holiday homes sector

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Loading Share Content… Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced an administrative order clarifying the law of Decree No. 41, introduced in 2013 to govern holiday home activity in Dubai. The order outlines regulations for operators, homeowners and authorised tenants, who wish to obtain a holiday home license, and has been[…]

Property stocks hurt Dubai Financial Market

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Thank you for your reading and interest in the news Property stocks hurt Dubai Financial Market and now with details Aden – Yasmin Abdel Azim – Traders at the Abu Dhabi Securities Exchange (ADX). Image Credit: Al Khaleej Today Archives Dubai: The main benchmark in Dubai ticked lower on Wednesday, hurt by declines from property[…]

Al-Shaibani appointed chairman of Nakheel | News

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Mohammed Ibrahim Al-Shaibani has taken over as chairman of Nakheel following the resignation of Ali Rashid Lootah. Lootah, who took on the position in 2010, has resigned following an invitation from Sheikh Ahmed bin Saeed Al Maktoum to assume a new position with the Dubai World board, a statement said. Nakheel is a Dubai-based property[…]

Abu Dhabi’s freehold, island communities in demand

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Year 2019 has been a dynamic one for Abu Dhabi’s real estate sector, with significant developments from the government to create more viable conditions for investors, buyers, sellers and tenants, says a report.    The UAE’s leading property website, Bayut, has released a comprehensive report on the evolution of property prices for apartments and villas[…]

Dubai’s DFM ekes out gains as Abu Dhabi’s ADX slips

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Inside view of the Dubai Financial Market (DFM). Image Credit: Pankaj Sharma/Gulf News Archives Dubai: The main benchmark on the Dubai bourse ended marginally higher on Tuesday, as gains recorded by banking stocks were almost nulled by declines in the real estate sector. The top index on the Dubai Financial Market (DFM) edged up 0.1[…]

Dubai shows double-digit growth in residential sales

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Although real estate is at record levels of affordability, there are sustainable reasons for first-time buyers and investors to continue buying at similar levels. Image Credit: Reuters There has been a double-digit growth in residential and office sales, with actual end-of-year supply being lower than originally projected, according to local real estate consulting firm ValuStrat[…]