Sunday 29 March 2015
 
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$6m Amwaj Mermaid opens doors to buyers

Amwaj Mermaid, a new BD2.3 million ($6.06 million) residential project of Bahraini developer Rashid Albufalah, has opened its doors. Amwaj Mermaid is a six-storey boutique residence boasting 18 spacious ready-to-move-in apartments

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Saudi prince's posh NY apartment put up for sale

A luxurious 10,500-sq-ft New York apartment owned by a Saudi prince which is furnished with bullet-proof panic rooms and a sushi island bar, has been put on the market for $48.5 million down from the $75 million price it was listed for in 2012,

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Golden Sands Hotel Apartments targets Indian tourists

Golden Sands Hotel Apartments (GSHA), a premier serviced apartment complex in Dubai, UAE, is looking to attract a bigger share of the Indian tourists segment, which represents close to 25 per cent of their total guests. During this year

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Northern Emirates rental rates up again in Q3

Dubai’s market dynamics are now prompting a slowing down of growth figures and could herald a softening in demand for competitively-priced residential rental units in the Northern Emirates as Dubai market conditions continue to adjust, sai

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Nakheel awards $20m Palm Jumeirah complex deal

Dubai developer Nakheel has awarded a Dh75 million ($20.3 million) contract to build a new residential complex with 130 apartments on Dubai’s Palm Jumeirah island.   The developer has awarded the deal to the UAE-based Tr

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4 injured in apartment fire in Abu Dhabi

Four people, including one firefighter, were injured in a fire that broke out in the bunk beds of an apartment in a 17-storey building in Abu Dhabi. The Abu Dhabi Police and the Civil Defense extinguished the fire, said a statemen

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Abu Dhabi home sale prices stabilise in Q2

Average apartment and villa sales price increases in Abu Dhabi stabilised at 4 per cent and 2 per cent respectively during the second quarter (Q2) of the year compared to Q2 2013 as investor confidence returned, a report said. Ave

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Damac launches first project on Akoya Drive

Damac Properties has launched the first units on Akoya Drive, including the first hotel from NAIA by Damac.   NAIA luxury hotel rooms and hotel apartments are being made available for investment by the luxury rea

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London sets record with $237m apartment sale

London's red-hot property market has struck a new record with the sale of a £140 million ($237 million) unfurnished apartment, but even the developer of the opulent building warned that some asking prices in Britain were unsustainable.

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Property glut softens growth rate in Abu Dhabi

Additional property supply in 2014 softened residential rental rates further in the first quarter (Q1) of the year, with little or no increase in some areas, while high-end properties in investment areas recorded modest increases of between 1-3

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