Saturday 23 August 2014
 
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property

Abu Dhabi property price rise ‘no risk to banks’

The price rise in Abu Dhabi’s residential real estate does not pose a serious risk to the emirate’s banks as the industry is not reliant on leverage but backed by stinger fundamentals, said a report. According to the l

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UAE property sector stays vibrant in summer

Property sector across the UAE remained vibrant during this summer with Dubai, in particular, witnessing impressive growth levels across different master developments, said a leading property agency. Both Dubai and Abu Dhabi will

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Talaat Moustafa H1 profits rise 12pc

Egyptian property developer Talaat Moustafa said that its net profit was up 12 per cent for the first half of this year. Its after-tax profit was 351.543 million Egyptian pounds ($49.17 million) in the six months to June 30, compared to

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Dubai Property Show to launch in London

An exclusive property expo showcasing unique targeted properties of Dubai and other parts of the UAE will be held London next year. Sumansa Exhibitions, a Dubai-based event’s organising company, announced the launch of the “

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Turkish property market sees 60pc sales rise

The Turkish property market recorded a 60 per cent increase in year-on-year sales to foreigners in Turkey during the first six months of the year, totalling to more than 8,500 property purchases, said a report. Istanbul alone recorded a

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Is property a 'fail safe' investment?

Property is often viewed as a 'fail safe' investment but are savers taking a risk by relying so heavily on one asset? Jonathan Kemp, chief actuary of Takaud, the specialist savings and pensions provider for the Mena region, discusses the

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Aldar Properties Q2 net profit jumps 168pc

Aldar Properties, Abu Dhabi's largest real estate developer, reported a jump in its second-quarter net profit on Sunday, after excluding one-time merger gains in the corresponding period last year. The builder of Abu Dhabi'

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Dubai industrial rents continue to recover in H1

Dubai industrial rents were up strongly during the first six months (H1) of 2014 compared to a year, with seven of the nine major nine districts experiencing double digit growth, a report said. Class 2 buildings in Dubai Investmen

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One-bed apartment costs $462,000 in Dubai

A one bedroom apartment in Dubai costs Dh1.7 million ($462,837) on an average, according to a new report by leading property search website propertyfinder.ae. The report said Dubai studio prices stand at AED 959,000 and a two-bedr

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Deyaar profit doubles on new project launch

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.   Deyaar made a

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