Archive for February, 2021

Dubai’s 2020 property deals at Dh72.47b as demand for ready homes rise

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A strong second-half ensured that Dubai’s property market see off 2020 with some significant gains. Image Credit: Ahmed Ramzan/Gulf News Dubai: Sharp improvement in sales in recent months boosted Dubai’s real estate transactions to total Dh72.47 billion from 35,400 deals (as compared to 41,000 plus in 2019). December itself pushed the tally by Dh7.5 billion[…]

Demand for Facility Management Services Set to Boom in U.A.E. in Future says P&S Intelligence

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NEW YORK, Feb. 2, 2021 /PRNewswire/ — The rapid expansion in the tourism sector and the surging investments being made in the construction industry are the major factors driving the advancement of the U.A.E. facility management market. Because of these factors, the market is predicted to attain a value of $34,959.4 million by 2030. Furthermore,[…]

Dubai money to keep WP’s Boks in the Cape?

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Steven Kitshoff and Frans Malherbe Ziyaad Douglas/Gallo Images An investment from Dubai could go a long way in helping Western Province retain their top Springboks. Afrikaans newspaper Rapport reported on Sunday that WP have offered lucrative contracts to all their senior players and that an investment from a company in the United Arab[…]

UAE stocks make quick rebound, as banks and property shine

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Saudi stocks are under the cosh as investors weigh up latest travel restrictions and what it means for growth. Image Credit: Agency UAE stock markets outperformed their regional peers on Monday riding high on banking and real estate, while Saudi Arabia’s benchmark index slipped as the kingdom extended virus-related restrictions. Dubai Financial Market surged 1.6 per[…]

Dubai residential property prices down 4.4pc in Q4 2020

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The average residential property prices in Dubai registered a 4.4 per cent decline over the 12-month period from Q4 2019 to Q4 2020 but grew 1.2 per cent on a quarterly basis, according to Cavendish Maxwell, a leading property consultancy and chartered surveying firm providing services in the Middle East and Africa.    Average apartment[…]

UAE and Gulf investors upbeat in early Monday trade

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Monday’s another day altogether… UAE and Gulf investors shed the Sunday blues by helping property and banking stocks win some of the losses back. Image Credit: Antonin Kelian Kallouche/Gulf News UAE and other Gulf seem to have regained some bullishness, with stocks advancing in early trade on Monday, closely tracking advances set by Asian peers and[…]