Wednesday 22 October 2014
 
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property

Aldar to launch new projects in three months

Abu Dhabi's Aldar Properties will launch a few new projects in the next three to four months, the real estate developer's chief financial officer said on Wednesday. Aldar, Abu Dhabi's largest property company and major

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Saudis pump $879m into Dubai real estate

Saudis have emerged the second biggest investors in Dubai's property sector among the GCC states pumping Dh3.3 billion ($879 million) into the emirate's real estate during the first half, said an expert. The UAE nationals

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Egyptian developer Sodic to invest $336m in 2015

Sodic, one of Egypt's largest listed real estate developers, plans to invest E£2.4 billion ($336 million) in 2015 and is on the look out for new projects as the sector recovers from three years of turmoil, its managing director said.

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Bahrain approves law to protect property investors

A new law designed to resolve failed multimillion-dinar investment projects and protect investors was approved by Bahrain’s Cabinet yesterday (October 19). The new bill is intended to overcome problems at stalled property de

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Bahrain approves law to protect property investors

A new law designed to resolve failed multimillion-dinar investment projects and protect investors was approved by Bahrain’s Cabinet yesterday (October 19). The new bill is intended to overcome problems at stalled property de

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Tebyan names contractor for Sparkle Towers project

Dubai-based property developer Tebyan has appointed Sun Engineering and Contracting Company as the main contractor for the construction of Sparkle Towers, an ultra-luxurious residential landmark in Dubai, UAE. Branded as ‘Sp

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Saudi Arabian property prices 'may fall 40pc next year'

Saudi Arabia could see a 30 to 40 per cent drop in property prices in 2015 following the recent government decision to impose fees on vacant lands and cancel all bogus land deeds, said a report. The government must take additional measu

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UAE property market posts robust Q3 growth

The UAE real estate market has registered robust growth in the third quarter, thanks to the rapid population growth, the government’s globalization policies and improving income levels, said a report.   The dramatic inc

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Qatar investors acquire Greek commercial properties

A group of investors in Qatar acquired a portfolio of commercial properties in Greece worth €125 million ($157 million) a few months back, said a report. The portfolio comprises a package of five or six major stores in major

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Non-freehold property only for UAE, GCC nationals

The ownership of property in non-free holding areas in Dubai is limited to only UAE and GCC nationals, said a report citing a Dubai Court of Cassation ruling. The court stressed this after rejecting an appeal of a Pakistani family

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