Archive for October, 2017

Business Bay perfects its price points for investors

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The location currently offers an average yield of 5.84% and will see a further 3,000 units added Dubai Launched in 2003, Business Bay is a central business district situated on an extension of Dubai Creek. Since the master-developer Dubai Properties began selling plots in Business Bay to private developers in 2005, this community has emerged[…]

Crowdfunding model launches equity-only platform…

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MercyCrowd has become the first international platform to enable investment in buy-to-let properties. With an aim to safeguard investors from negative leverage risk in a stagnant or falling housing market, the ethical investment crowdfunder has produced an ‘equity only’ model, with investment from just £50. The platform handles all property management[…]

First Nine Months of 2017 Show Dubai Real Estate in Recovery

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Dubai’s property market continues to show signs of recovery ahead of world Expo 2020, with sales volume the highest in pricey central neighborhoods around the iconic Burj Khalifa building, according to a government release on Monday. The Dubai Land Department announced more than 52,000 real estate transactions—including mortgages and home, land and building sales— totaling[…]

Arab woman arrested for cheating property buyers in Dubai

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The woman was caught red-handed while she was trapping another victim. The Dubai Police arrested an Arab woman who was wanted for duping four property buyers by claiming to be engaged in real estate investments. The woman used different names to conceal her identity and swindle innocent investors. Major General Khalil Ibrahim Al[…]

Former ICPC board nominee, Maimuna Aliyu allegedly in multi billion Naira Dubai, Abuja properties’ scam

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..Interpol, EFCC may uncover more properties Reports indicate a recent investigation has revealed how controversial ex-banker and former nominee to the board of the Independent Corrupt Practices and Other Related Offences Commission [ICPC], board nominee, Maimuna Aliyu acquired a Dubai property worth $3.05m, over N1.2 billion at an exchange rate of N360 to $1. Reports show[…]

EXCLUSIVE: Former ICPC board nominee, Maimuna Aliyu in multi billion naira Dubai, Abuja properties scam

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*Interpol, EFCC set to uncover more properties   A recent investigation has revealed how controversial ex-banker and former nominee to the board of the Independent Corrupt Practices and Other Related Offences Commission [ICPC], board, Maimuna Aliyu allegedly acquired a Dubai property worth $3.05m, over N1.2 billion at an exchange rate of N360 to $1.   TheNewsGuru.com[…]