Saturday 19 April 2014
 
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Dubai property transactions up 38pc

The number of real estate transactions in Dubai surged 38 per cent to Dh61 billion ($16.6 billion) in the first quarter compared to Dh44 billion registered in the same period last year, said a report. A total of 15,694 real estate

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Limitless seeks more time to repay $1.2bn debt

Dubai government-owned property firm Limitless is asking creditors for more time to repay a $1.2 billion debt facility, its chairman said on Tuesday. Limitless, a former property arm of Dubai World, restructured the Islamic debt f

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Qatar property transaction up 35.2pc

Qatar's property transaction value jumped 35.2 per cent to QR11.9 billion ($3.1 billion) in the first quarter, compared to QR8.8 billion during the same period last year, said a report.   The country’s

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UAE residential property prices edge up in Feb

The property prices in Dubai and Abu Dhabi residential markets witnessed solid growth in February increasing 3.7 per cent and 2.33 per cent month-on-month (m-o-m) respectively, said a report. The residential property prices in Dub

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Dubai celebrates property market recovery

Dubai is currently celebrating the recovery of its real estate sector as the price increase lures more and more investors to funnel their investments in the emirate's realty market, said a report. Be it properties for sale or rent,

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Dubai tops in property rental yield

The gross rental yield in Dubai stands at 6.63 per cent per annum, according to a new report. The index of Dubai’s residential real estate rose by 13.46 per cent in 2013, against a decline of 1.8 per cent in 2011, stated the

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Cayan Group sets up real estate unit

Cayan Group, one of the Middle East’s leading real estate developers, said it has set up a new real estate sales and property management unit for Saudi Arabia and the UAE. The launch of 'Cayan Homes' is part of the c

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Dubai Investments to lift foreign ownership cap

Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35 percent of its total capital, the company said on Sunday. Foreign investors now hold 13.7

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Developers 'must pay property fees'

Dubai developers have been warned by real estate regulators against claiming property fees from tenants, said a report.   The emirate’s Real Estate Regulatory Authority (Rera) pointed out that property fees

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GFH in key London property placement

GFH Capital, a fully owned subsidiary of Bahrain based Gulf Finance House, has announced the successful placement of its newly-acquired prime central London residential property with GCC investors. The placement was oversubscribed

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