Thursday 20 September 2018
 
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real estate

Real estate 'key driver as PE outpaces world stock markets'

The real estate sector will be a key driver as private equity continues to outperform the world’s stock markets, according to a Dubai-based expert. "The private equity industry is enjoying continued growth and success a

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Real estate top contributor to UAE non-oil GDP

The real estate sector is the leading sector that supports the UAE economy, making up 6.4 per cent of the country’s non-oil GDP and whose overall value reached Dh81.2 billion ($22 billion) in 2017, compared to Dh79 billion in 2016.

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Dubai Land Department gets major boost from Ejari services

Dubai Land Department (DLD) said it has succeeded in achieving a qualitative leap in terms of improving the level of government services provided to customers, especially with regard to the facilitating of the procedures, the satisfying of the c

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RAK property deals up 33pc to $735m in H1

The total value of real estate transactions in Ras Al Khaimah, UAE, rose to Dh2.7 billion ($735 million) in the first half of 2018, an increase of 33 per cent compared to the corresponding half of 2017, a media report said. A tota

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Manazel H1 net profit surges 135pc to $36m

Manazel Real Estate, a leading UAE developer, has posted a net profit of Dh132.9 million ($36.2 million) for the first six months of the year, up 135 per cent compared to Dh56.6 million during the same period in 2017. Announcing t

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Investcorp growth continues; net income rises to $125m

Investcorp, a global provider and manager of alternative investment products, reported an aggregate net income of $125 million for the year ended June 30, 2018 (FY 2018), an increase of 4% year-on-year compared to $120 million in 2017 financia

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Dubai Land Department seals Cityscape partnership

Dubai Land Department (DLD) has signed an agreement with Informa Middle East, organiser of the region’s foremost real estate platform, Cityscape. The MoU aims to focus its efforts on promoting Dubai as an attractive regional

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Al-Raya opens new branch in Saudi Arabia

Kuwait-based Al-Raya United Company for Real Estate Development recently opened a branch in Madinah, Saudi Arabia. CEO Jassim Al Fajji said that the expansion in the kingdom comes within Al-Raya’s strategic plans as well as

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Dubai's H1 real estate brokerage commissions hit $155m

Dubai's real estate brokerage commissions surged to hit Dh571 million ($155 million) during the first half of 2018, with a total of 5,181 active brokers, representing 2,113 offices, contributing to the sustainable growth achieved by the sect

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Mulkia announces $2.7m dividends for REIT investors

Saudi-based Mulkia Investment Company has announced distribution of dividends worth SR10.2 million ($2.7 million) to the shareholders of its real estate investment trust (REIT) fund, Mulkia Gulf Real Estate REIT, for the second quarter.

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