Friday 28 November 2014
 
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real estate

Mabanee to spend $910m on Kuwait mall extension

Kuwaiti real estate firm Mabanee said on Wednesday it would spend KD265 million ($910 million) on building the fourth phase of its The Avenues mall development. The total project cost, including the fourth phase, stands at KD610 m

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Palma to launch $1bn Dubai real estate projects

UAE-based Palma Holding, a specialist in luxury residential and mixed-use complexes, is set to launch two new signature real estate projects worth Dh3.7 billion ($1.07 billion) in Dubai, UAE, next year. The first one is a luxury b

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Kuwait real estate sales soar to $1.27bn

The real estate sales in Kuwait registered a 16 per cent year-on-year (y/y) growth to hit KD372 million ($1.27 billion) in September after experiencing slower activity during the summer months, said a report. The growth was suppor

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GCC investors eye US property market

The GCC investors - from sovereign wealth funds to rich individuals - have pumped in $1 billion into the US real estate market in 2014, up 51 per cent over last year, said a report. The boost in spending is mainly due to the pace

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Kuwaitis biggest property owners in UAE

Kuwaitis are the biggest property owners in the UAE among the GCC nationals with a total of 6,947 properties at the end of 2012, said the organisers of a major property show. The International Property Show (IPS) 2015 will be held

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Experts to discuss transparency in Kuwait real estate

Leading players from the real estate industry across the Middle East region will be in Kuwait for a key industry summit  which aims to bring transparency to local real estate industry. The Kuwait Real Estate Summit, to be hel

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Abu Dhabi property rentals, sales stabilise in Q3

The real estate market in Abu Dhabi continues to see a stabilisation of rental and sales prices for completed properties, a report said. However, majority of released units from key developers were sold on the launch day itself, a

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Dubai property firm to launch crowdfunding service

Dubai-based Durise, a leading real estate brokerage, has announced that it will launch its crowdfunding service, which allows people to invest in real estate for as little as $5,000, in the region. Real estate crowdfunding investm

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Barwa Real Estate's nine-month profit up 44pc

Qatari property developer Barwa Real Estate has reported a 44 per cent jump in its net profit for the first nine months which soared to QR673.4 million ($184.93 million) from QR467.4 million ($128.2 million) last year. Announcing

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Dubai to host luxury real estate show

Dubai is set to host a select group of real estate developers, agents and financial institutions at The Property Show, a first-of-its-kind luxury real estate exhibition, to be held from November 23 to 27. To be held at Dubai Inter

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