Sunday 20 May 2018
 
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UAE developer

Aldar boosts foreign ownership limit to 49pc

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said the company has increased  the foreign ownership limit (FOL) from 40 per cent to 49 per cent effective from today (April 15). The FOL hike was implemented by

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UAE developer Arada launches debut Sharjah project

UAE’s newest developer Arada has today launched Nasma Residences, its inaugural project in Sharjah focused on aspirational yet accessible living in an urban setting. Arada is a partnership enterprise jointly founded by KBW I

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UAE developer to launch coastal real estate project

Manazel Real Estate, a leading UAE developer, has announced plans to launch a major real estate project at Ghantoot, a coastal area situated between the emirates of Dubai and Abu Dhabi. A sharia-complaint real estate company liste

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UAE developer launches $44m villa project in Bosnia

UAE-based Green Valley International Real Estate has announced the launch of Salam City, a key residential project coming up on a 134,000-sq-m area at Sarajevo in Bosnia. Strategically located on the hilltop of Donja Vogošć

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UAE developer welcomes premium retail brands

UAE-based Al Forsan Real Estate said one of its flagship projects in capital Abu Dhabi, Al Forsan Village, is set to house several premium brands including Spinneys, Cheeky Monkeys, Grand Optics, Holland and Barrett, Al Manara, NBAD, Tilia Flowe

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UAE developer seeks European investors for key project

Al Marjan Island (AMI) company, a leading waterfront development company in the UAE, took part in the Global Real Estate Institute (GRI) forum held in London, UK. It is the developer of Al Marjan Island, a man-made island located

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Manazel net profit surges 29pc on restructuring

Manazel Real Estate, a leading UAE developer, has registered a 29 per cent growth in its net profit for 2015 which rose to Dh195 million ($53 million) from the previous year's profit of Dh152 million ($41.3 million), mainly driven by the ben

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UAE developer plans $80bn giant city in Cairo

Eagle Hills, an Abu Dhabi-based developer of international projects, plans to build a new city near Cairo, Egypt, with a large number of homes for low- and middle-income buyers, according to a report. The project will be privately

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UAE developers see market boost from new rules

A decision to extend visa tenures for real estate investors will 'significantly' boost investor confidence in the UAE's struggling property sector, the head of the country's largest developer said. The UAE government said o

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Aldar swings to Q1 profit on asset sales

Aldar Properties, the struggling developer rescued by a $5.2 billion bailout by Abu Dhabi last quarter, returned to profit, after it booked sales of assets, including the Ferrari World theme park. The builder of the Yas Marina Formula One

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