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Dubai Metro, which will be officially inaugurated on September 9, is expected to play a decisive role in property choice of many prospective homebuyers. Currently, an average premium of five per cent is commanded by properties closer to Metro stations. The Metro line is a huge attraction to certain communities like Jumeirah Lakes Tower and [...]
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DUBAI : Just one year ago, property prices in Dubai were surging to record peaks undeterred by a real estate slump in major markets, but they have since gone into free fall and have yet to find the bottom. Market watchers in the former Gulf boomtown differ slightly on the magnitude of the decline so [...]
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The property market in Dubai is stressed but it is not getting any worse and improvement already being seen in some economies around the world backs up the arguments that it will start to recover in 2010. Real estate market recovery is very much dependant on the global economic recovery and world economic events, a [...]
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Dubai has suddenly become a hot destination for affordable properties. Over 60,000 people have already moved into International City, while about 20,000 residents are living in Discovery Gardens, Nakheel revealed as reported by Emirates Business 24/7. According to the master developer, International City is made up of 387 residential properties, while Discovery Gardens has 245 [...]
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Abu Dhabi Airports Company (ADAC) is the only airport in the Arab region to be named in the Airports Council International’s (ACI) Airport Service Quality Survey. This accolade is testament to ADAC’s commitment to create a customer-focused, world-class airport facility. The survey records passengers’ perception of more than 30 service aspects in the airport. It [...]
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Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector, has announced that progress report on the construction of the Dh3 billion Ajman Uptown project has reflected aggressive development. In the midst of the full-swing construction on the flagship project, the developer is optimistic that it will be able to deliver [...]
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Aristocrat Star Investments, a multi-diversified business group, has announced it had awarded a Dh600 million contract for its signature real estate project in Dubai – The Royal Estates to Power Line Gulf Construction (PLGC), a multi-discipline construction company in the UAE. The Royal Estates comprises of 3,600,000 sq. ft of premium commercial, residential, retail propositions [...]
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Amlak-Tamweel issue in final stage
by admin on March 21, 2009
in Dubai Real Estate News
Dubai: A possible merger of the UAE’s largest Islamic mortgage providers, Amlak Finance and Tamweel, is in the final stages of being resolved, while the liquidation option has been taken off the table, Sultan Bin Saeed Al Mansouri, Minister of Economy, told reporters on Thursday. Merger talks began in November between the two financing entities [...]
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