Friday 24 October 2014
 
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property

Management deals 'key to Qatar's property growth'

Development management agreements (DMA) are vital for protecting success in the real estate market in Qatar, said an industry expert. According to recent data from property developers, real estate year-on-year sales in Qatar jumpe

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New law to boost Bahrain property investments

Bahrain is set to attract significant investments into its property market, thanks to the new real estate development law that comes into effect in February, said an expert. Introduced this July, it seeks to protect the interests

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Deyaar Q3 net profit nearly doubles

Dubai's Deyaar Development reported a 94 per cent rise in third-quarter net profit on Wednesday as sales at a newly-launched residential project boosted earnings. Deyaar, one of the companies worst hit by the emirate's pro

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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 which is

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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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