Archive for March, 2019

Dubai economic growth at its slowest since 2009 crisis

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Dubai’s economy grew 1.94% in 2018, hitting its slowest pace since a contraction in 2009 when the economy was hobbled by a debt crisis.  Dubai, which has a diversified economy that focuses on tourism and international business services, has been hurt by a rough patch amid a downturn in its real estate market.  “A weakening[…]

Middle East construction news: The 20 most influential Arab leaders in Middle East construction – Business

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Arab countries are the home of some of the world’s most popular construction business achievements, and the managing directors, chairmen, and chief executive officers (CEOs) that have led these record-breaking projects and companies must be recognised for the powerful impact that their work has had on the architecture and engineering communities not only in the[…]

Freeholds ‘hot property’ at Dubai real estate expo

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With leading developers announcing a series of attractive offers including special discounted prices, low down payments, lowest interest rates and free property insurance, the freehold properties have become the ‘in-demand’ thing at the ongoing Dubai Property Festival (DPF). Several major deals were closed by the key participating players during the first two days of the[…]

Seven Emiratis, five Indian expats in Forbes’ list of 2,153 billionaires | Pakistan | thenews.com.pk

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Seven Emiratis, five Indian expats in Forbes’ list of 2,153 billionaires DUBAI: Seven Emiratis have been named in the Forbes’ billionaires list for 2019, same as last year, but the value of their assets declined year-on-year due to slowdown in global economy and property prices in the UAE. According to UAE media, a total of[…]

High Demand for Freehold at Dubai Property Festival

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Several major deals were closed by the key participating players in the first two days of Dubai Property Festival (DPF), including Danube, Azizi Developments, Tiger Properties, Ajmal Makan – Sharjah Waterfront City, and GJ Real Estate in Ajman. One of the key highlights of the show this year is Dubai Police’s participation. A spokesperson from[…]

Manrre REIT’s message to Dubai property doubters, “we’re buying”

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March 27, 2019 (Investorideas.com Newswire) “Be greedy when others are fearful and fearful when others are greedy.” Wise words from legendary investor Warren Buffet, giving inspiration to Dalma Capital CEO Zachary Cefaratti in a contrarian strategy to back a Dubai commercial property fund and “buy the dip”. “Dalma Capital’s pedigree in hedge fund management leads[…]