Archive for October, 2018

450 Pakistanis admit to owning properties in Dubai: report

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As many as 450 Pakistanis have admitted to own properties in Dubai in response to a notice sent by a Supreme Court-constituted committee, media reports said Thursday. The committee sent notices to 895 property holders, 443 people have not yet responded to the notices, the report added. The property owners’ details have been sent to[…]

Mercure Dubai Barsha names new GM

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Mercure Dubai Barsha Heights Hotel Suites & Apartments has appointed Naseer Thodi as its new general manager. With more than 20 years’ experience in various management roles within the hospitality industry, Thodi has extensive knowledge of what it takes to run a successful property in the Middle East, having been responsible for all aspects of[…]

Property props up Dubai stocks

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DUBAI: Dubai’s stock market rose sharply on Wednesday, helped by real estate shares, while Qatar gained on the back of its banks, even as the rest of the Middle East was largely quiet.In Dubai, the index climbed 1.2 percent, with Emaar Properties advancing 2.5 percent to 5 dirhams and DAMAC Properties rising 3.6 percent.Arqaam Capital[…]

Over 200 firms vie for African & Arabia Property Awards

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The crème dela crème of the African and Arabian property industry will be honoured on Thursday (October 11) during a glittering cermony being held at the Waldorf Astoria Palm Jumeirah in Dubai, UAE. These African & Arabia Property Awards focus on design, quality, service, innovation, originality and commitment to sustainability and cover 48[…]

Dubai, World Bank explore PPP in real estate sector

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Nearly 50 global consultants, specialists, and experts in the property sector discussed issues related to public-private partnerships (PPPs) in the real estate sector at a key industry event in Dubai. The two-day ‘Global Consultations on PPPs in Land Administration’ seminar was jointly organised by Dubai Land Department (DLD) and World Bank. It was aimed at[…]

Cityland Selects Yardi Software Platform to Manage Operations for the World’s First Nature-Inspired

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Cityland Real Estate Development, the developer of the world’s first nature-inspired retail shopping and entertainment center, has chosen Yardi Voyager® for its property management and accounting operations. The Cityland Mall, featuring over 350 retail stores restaurants with an expansive of 200,000 sq.ft . “Central Park’ conceived within the mall property will soon open its door[…]

Waterfront homes are more accessible than ever

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From price to availability, residents are finding more reasons to buy a waterfront property Waterfront properties around the world are usually limited and exclusive. However, Dubai has changed all that by adding hundreds of kilometres of coastline, artificial lakes and canals. “Being waterfront is predominantly about the views. Whenever we as a developer get a[…]