Friday 29 July 2016
 
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real estate

UAE's property loans improve despite price slide: IMF

The quality of real estate loans in the UAE has continued to improve despite sliding home prices, the International Monetary Fund (IMF) said, in a sign that the country is coping better with a real estate downturn than it did in the last slump s

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UAE's property loans improve despite price slide: IMF

The quality of real estate loans in the UAE has continued to improve despite sliding home prices, the International Monetary Fund (IMF) said, in a sign that the country is coping better with a real estate downturn than it did in the last slump s

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Nakheel posts $803m H1 profit

Dubai-based Nakheel, one of the world’s leading developers, today announced a net profit of Dh2.95 billion ($803 million) for the the first six months of 2016, representing a four per cent increase on the net profit of Dh2.83 billion in th

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Riyadh, Jeddah real estate slowdown continues

The real estate markets in the Saudi cities of Riyadh and Jeddah continue to maintain an overall slowdown in performance, according to a JLL report. JLL, a leading global real estate investment and advisory firm, today released it

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Abu Dhabi real estate market suffers decline

The real estate market in Abu Dhabi, UAE, saw a minor decline during the second quarter in most sectors for the first time in three years, said a report. While supply is under control, reduced demand from the contraction of the oi

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Dubai real estate market draws $15.5bn in H1

Investors, mainly Arab and foreign nationals, poured Dh57 billion ($15.51 billion) into Dubai’s real estate market in the first half of 2016, according to the Dubai Land Department's (DLD) transactions report. As many as

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Kamco buys key commercial land in Riyadh

Kamco, a leading investment company with one of the largest assets under management (AUM) in the region, said its real estate fund has acquired around 16,500 sq m of commercial land in Riyadh, Saudi Arabia. Kamco Real Estate Yield

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JLL in deal to boost Makkah real estate transparency

Leading real estate expert JLL said it has signed a memorandum of understanding (MoU) with the Makkah Chamber of Commerce and Industry in a bid to help improve transparency in the Saudi real estate market. As an independent consul

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KAEC sets up new real estate services unit

King Abdullah Economic City (KAEC), a special economic zone in Saudi Arabia, has announced the establishment of a new “Select Real Estate Services” department. The new unit is a specialist in providing resale and renta

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Saudi Arabia boosts real estate transparency ratings

Saudi Arabia has moved up the rankings to finish in the ‘Semi-Transparent’ category for the first time in the JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (Greti). The index

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