Thursday 7 May 2015
 
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real estate

Signs of end to flipping in Dubai property market

A sharp rise in requests for inspections of finished properties over the first quarter signals the end of flipping of properties for quick profit in Dubai, UAE, and gives a strong sign of the real estate market’s slowdown, said an expert.

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Australia tightens clamp on foreign property buyers

Foreign investors, who illegally buy houses in Australia and agents that enable them, face hefty fines and prison terms of up to three years under new penalties announced yesterday aimed at cooling soaring property prices. The new

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Australia tightens clamp on foreign property buyers

Foreign investors, who illegally buy houses in Australia and agents that enable them, face hefty fines and prison terms of up to three years under new penalties announced yesterday aimed at cooling soaring property prices. The new

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Alragan fund nets $85m profit in Saudi deal

Kuwait-based Alragan International Real Estate Company said its investment fund has completed the second deal concerning the sale of its remaining share in a partner company in Saudi Arabia, worth SR521.32 million ($139 million).

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Retail boom, housing to drive ME real estate market

The rising demand for destination retail and affordable housing is likely to drive the growth of real estate market in Middle East region which is likely to hit $113 billion by 2019, said a report. The future growth of the regiona

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Retail boom, housing to drive ME real estate market

The rising demand for destination retail and affordable housing is likely to drive the growth of real estate market in Middle East region which is likely to hit $113 billion by 2019, said a report. The future growth of the regiona

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Real estate professionals see 9.6pc jump in salary

The average base salary of regional real estate professionals is Dh44,559 ($12,130) per month in 2015 as compared to the Dh40,641 ($11,062) per month figure posted in 2014, marking an increase of 9.6 per cent, a report said. Macdo

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Emaar re-elects Alabbar as board chairman

Dubai-based real estate developer Emaar Properties has re-elected Mohamed Alabbar as the board chairman, as the company gears up for its next level of growth with ambitious joint venture projects worth Dh200 billion ($55 billion) in Dubai.

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Fashion TV targets the Gulf for branded properties

Fashion TV, a French-based fashion and lifestyle broadcaster, is eyeing the GCC to launch its brand of hotels and residences. Targeting investors and real estate developers interested in branding their projects, Fashion TV present

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Sedco projects vie for top Cityscape awards

Sedco Development, a property developer based in Jeddah, Saudi Arabia, said two of its projects have been shortlisted for the Cityscape Jeddah Real Estate Awards. The first is ‘Galleria’, a project inspired from Italia

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