Archive for March, 2020

Dubai property investors need to dig into real data

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Dubai skyline. Some developers have really exhausted the reputation of Dubai as an international real estate and business hub – by continuing to supply the market with offplan projects that are priced an average 20 per cent higher than more or less the same properties offered on the secondary market by individual investors. Image Credit:[…]

Coronavirus: US Navy hospital ship to arrive in New York City on Monday – as it happened

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Emma Boyde 3/25/2020, 11:47:29 PM Mnuchin optimistic Senators will approve $2tn economic stimulus James Politi reports from Washington Steven Mnuchin, the US treasury secretary, said he expected the $2tn economic stimulus package to pass the Senate later on Wednesday despite last minute opposition from a group of Republican lawmakers to a provision expanding unemployment benefits.[…]

Stimulus: Nakheel sets up Dh230 million relief package

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Nakheel is extending a helping hand to its tenants across its malls and other commercial properties. File picture of recently opened Nakheel Mall on the Palm. Image Credit: Gulf News Archive Dubai: Nakheel has come out with a Dh230 million economic relief package for its clients following the COVID-19 outbreak. The package aims to “reduce the financial burdens[…]

COVID-19 relief: More UAE landlords offer three-month rent-free incentives

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Landlords with office and retail properties are thinking of the bigger picture by offering out-of-turn rent-free periods and even rent cuts. File picture of Jumeirah Lake Towers, one of the leading residential and commercial clusters in Dubai. Image Credit: Gulf News Archive Dubai: More landlords in the UAE, including those leasing offices, are starting to[…]

UAE construction can withstand COVID-19 slowdown

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With enough precautions taken, UAE construction sector can adjust to work under virus-imposed restrictions. Image Credit: Gulf News Archive Last year was a good one for the UAE engineering and construction industry. The sector witnessed healthy growth despite cost pressures, labour shortages, and trends towards fixed-bid projects. In 2020, the industry was expected to focus[…]