Wednesday 23 August 2017
 
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real estate

600 attend workshop on VAT for real estate sector

The Abu Dhabi Chamber of Commerce and Industry, in co-operation with the Federal Tax Authority, last week organised a workshop in Abu Dhabi on applying the value-added tax (VAT) system in the UAE. The workshop, titled "VAT fo

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JLL appoints new country head for Saudi Arabia

JLL, a leading real estate investment and advisory firm, has appointed Ibrahim Albuloushi  as its new national director and country head for Saudi Arabia. Albuloushi is an international executive with 20 years’ experien

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Damac H1 net profit hits $435m; booked sales top $1bn

Damac Properties Dubai Company, a leading property developer in the Middle East, has announced a total revenue of Dh3.5 billion ($953 million) and a net profit of Dh1.6 billion ($435.61 million) for the first half of this year. As

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Warba Bank acquires apartment complex in US

Kuwait-based Warba Bank has expanded its international real estate investment programme with the acquisition of a multi-family apartment complex in the US for $17.34 million. The investment in Ultris at Banyan Grove, Virginia Beac

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Warba Bank acquires apartment complex in US

Kuwait-based Warba Bank has expanded its international real estate investment programme with the acquisition of a multi-family apartment complex in the US for $17.34 million. The investment in Ultris at Banyan Grove, Virginia Beac

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Kuwait property market picks up in H1

Kuwait’s real estate market activity improved significantly despite some volatility during the first half of the year (1H17) compared to the second half of 2016, though it remained down 10 per cent compared to a year before, a report said.

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Dubai real estate transactions top $106bn in 18 months

Dubai Land Department (DLD) has announced that the total value of  real estate transactions in the emirate exceeded Dh390 billion ($106.18 billion) covering 95,000 deals in the 18 months from January 2016 to July, 2017. Sulta

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Kuwait's Al Tamdeen Real Estate posts $23m H1 profit

Al Tamdeen Real Estate Company posted a net profit of KD7 million ($23.2 million) for the first half of 2017, a 1.3 per cent decline as compared to earnings in the same period of 2016. The company said in a statement, posted on Bo

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Makkah real estate sentiment gets a lift in H1

The overall sentiment in the Makkah real estate market was boosted during the first half (H1) of 2017 as the government lifted the quota on Hajj pilgrims despite ongoing major infrastructural work on the Holy Mosque, a report said.

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Amlak to hand over Dubai villas in Q4

Amlak Finance, a leading specialised real estate financier in the Middle East region, has announced the completion of the first phase of its new residential development project in the Mirdiff area of Dubai, UAE. The Dh135-million

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