Monday 27 February 2017
 
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real estate

Dubai’s affordable housing hits N. Emirates real estate

The increase in affordable housing in Dubai is having a negative effect on rents in the Northern Emirates, according to the latest report from real estate consultancy Asteco. The average rent levels declined marginally during Q4 2016 in

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UAE real estate sector to face another tough year

With the fallout from low oil prices and continued currency woes, it is no surprise that 2016 was a tough year for the UAE's real estate market, according to leading ratings agency S&P. Dubai's residential prices dropp

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Dubai real estate deals hit $11.4bn in 45 days

Dubai’s real estate market has kicked off the new year on a positive note with the value of its real estate transactions hitting Dh42 billion  ($11.4 billion) in the first 45 days, said a report by Dubai Land Department (DLD).

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New legislations to boost Saudi real estate market

The Saudi real estate industry is poised to witness solid growth and development in the coming years, thanks to the new legislations on mortgage reforms, the new building code system for the kingdom and the white land tax plan, said an expert.

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Bahrain sees real estate deals boost

Average daily real estate dealings in Bahrain reached BD5 million ($13.1 million) and sometimes BD7 million in January, reported the Gulf Daily News, our sister publication. To read further, please visit

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Kuwait developer wins big at World Golf Awards

United Real Estate Company, a leading real estate development company in Kuwait, said one of its developments - Assoufid Golf Course - has won the award for ‘Africa’s Best Golf Course 2016’ and ‘Morocco’s Best Golf

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Cityscape Abu Dhabi 2017 in record space sell-out

Record investment deals on the show floor of Cityscape Abu Dhabi in 2016 have resulted in more than 90 per cent of the show floor space being already sold for this year’s event, according to the organisers. With sales permit

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Saudi real estate prices down for 8 straight quarters

After witnessing a marginal growth in 2014, the Saudi Arabia's real estate prices have fallen to new lows for the past eight consecutive quarters due to weakness in the residential sector, mainly plots and apartments, said a report.

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Dubai Properties delivers over 3,000 housing units in 2016

Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012.  

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Emirates Real Estate Fund secures $190m finance

Emirates Real Estate Fund (EREF) has agreed a $190.6-million (Dh700 million) Shari’a compliant finance facility with Emirates NBD, on “attractive” commercial terms. The new facility will help contribute to restru

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