Archive for March, 2020

So what impact will Covid-19 have on UAE property markets?

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Savills says any disruption to the UAE’s property sector caused by the new coronavirus is likely to be short-term Any disruption to the UAE’s property sector caused by the new coronavirus is likely to be short-term, according to Savills, the global real estate consultancy. The company has shared its real estate outlook following the official[…]

Demand grows for homes near Dubai Metro’s new Route 2020 line

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Dubizzle Property says rents in Discovery Gardens, Dubai Investment Park and Jumeirah Golf Estates likely to rise when metro expansion is complete Demand for properties located close to the Route 2020 Dubai Metro expansion is growing as prices continue to soften, according to new research from Dubizzle Property. The property platform said rents in Discovery[…]

Banking and property stocks propel UAE markets

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Traders at Dubai Financial Market (DFM). Image Credit: Virendra Saklani/Gulf News Archives Dubai: Abu Dhabi’s main stocks index was up 8.4 per cent on Thursday, driven by gains at some of the powerhouse banking and property stocks. First Abu Dhabi Bank’s share prices climbed 14.9 per cent and Etisalat gained 6.9 per cent. Abu Dhabi[…]

Savills releases predictions for UAE real estate market | Design

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Global real estate consultants Savills shared predictions for the industry following a ‘shot in the arm’ stimulus package by the Central Bank of the United Arab Emirates (UAE) earlier this week. The comprehensive economic scheme includes a AED 100 billion ($27 billion) economic plan aimed at containing the impact of the coronavirus outbreak. Richard Paul,[…]

$27bn stimulus package ‘to boost UAE’s real estate sector’

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UAE’s real estate sector has remained largely resilient during the first two months of 2020 and now with the introduction of the Dh100 billion ($27 billion) stimulus package, it is a shot-in-the-arm for the property market in the medium-to-long term, said Savills, a leading global real estate consultancy. The comprehensive economic scheme announced by the[…]

CONEXPO-CON/AGG explores the future of construction

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Share Tweet Google Plus Share Email Whether it is artificial intelligence, autonomous equipment, big data, small gadgets, new energy technologies, sustainable highways or the future of cities themselves, CONEXPO-CON/AGG/s Tech Experience focuses on what contractors and manufacturers need to know to keep ahead of the technology curve. “I’m amazed at what some of the minds[…]

Dubai Holding and Meraas announce $272mn economic relief package

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Share Tweet Share Share Email Package designed to partially alleviate vulnerable businesses and individuals within Dubai Holding and Meraas ecosystem Dubai Holding, the global investment holding company, and Meraas, the Dubai-based developer and operator of lifestyle destinations, has launched  an economic relief package aimed at supporting existing business partners and customers across their portfolio of[…]