Saturday 21 January 2017
 
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Kuwait's expat tax move 'to hit property sector badly'

Kuwait's real estate sector, especially the investment and commercial segments, will be severely affected if the government goes ahead with its decision to impose taxes and increase fees on expatriates, said a report. The nega

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Sobha offers freehold land plots along Dubai Water Canal

Sobha Group, a leading premium real estate developer, said now offering investors and end users an opportunity to buy new land plots within Sobha Hartland Dubai, the only fully-integrated freehold community on the Dubai Water Canal and in Mohamm

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MAG PD to introduce new wellness family homes to UAE

MAG Property Development (MAG PD), the real estate development arm of MAG Group, has partnered with wellness real estate and technology firm Delos to introduce to the UAE wellness-inspired homes over the next five years. The first

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JLL names Mena asset management head

JLL, a leading real estate investment and advisory firm, has appointed Colin Dowall as its new regional director and head of property and asset management services for the Middle East and North Africa (Mena). Dowall has taken over

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Sharjah rents down for second consecutive year

The rents in residential and commercial property markets across Sharjah have fallen for a second year in a row, increasing tenancy options in the northern emirate, according to real estate consultancy Cluttons. Sharjah’s residenti

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Savills gets special Bahrain consulting role

Savills, a leading consultancy firm, has been appointed real estate advisor to the Committee for the Settlement of Stalled Real Estate Projects in Bahrain. Announcing the appointment, the Supreme Judicial Council of the Ministry o

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Investcorp acquires $250m US real estate properties

Bahrain-based alternative investment fund Investcorp said its US-based real estate arm has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas, for $250 million. A global provider and

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Dubai real estate shows signs of stabilising in 2017

With average residential values down 7.4 per cent during the past 12 months in Dubai, the rate of decline is expected to slow heading into 2017 before reaching a new base towards the end of next year, according to international real estate consu

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Sloanes to showcase key UK, Saudi properties

Qatar-based Sloanes Real Estate Brokers is set to organise its first-ever international property open day on November 15 in Doha, offering visitors key properties from various developments in the UK, Turkey and Saudi Arabia. A par

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Damac's nine-month net profit falls 23pc to $773m

Damac Properties, a leading developer of high-end properties in the Middle East region, has reported a net profit of Dh2.84 billion ($773 million) in the first nine months, down 23 per cent over the same period last year. Announci

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