Tuesday 30 August 2016
 
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property

Gulf tourist flow delights Bosnia businesses

Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers in the country. The trend has picked up with

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Jannah to add two new properties by year-end

The UAE-Based Jannah Hotels and Resorts has announced plans to launch two new properties in Abu Dhabi and Ras Al Khaimah. They are set to open before December 2016. The new addition in Abu Dhabi is Jannah Residences City Centre, l

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Manazel H1 revenues stay steady

Manazel Real Estate, a leading UAE developer, has reported a revenue of Dh267.4 million ($72.78 million) for the first half of this year, compared to Dh262.8 million ($71.53 million) during H1 2015. Manazel demonstrated stable per

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Abu Dhabi property yields at 5pc as rentals fall

Abu Dhabi property yields continue to be attractive to investors with an average return of 5 per cent despite a 2 per cent decline in residential rental rates, said a new report by Chestertons Mena, a leading international property agency.

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URC revenues grow 11pc in H1

United Real Estate Company (URC), Kuwait’s leading real estate development and property services company, posted a revenue growth of 11 per cent to KD36 million ($119.32 million) for the first half of 2016, compared with the same period la

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Dar Al Arkan Q2 net profit falls 38pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, has reported a 38.7 per cent fall in second-quarter net profit, continuing its earnings slump as it made less money from land sales. Arkan made a net profit of S

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Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigner investors 100 per cent ownership in various sectors of the market is likely to have a positive long term impact on the kingdom’s property markets, according to leading inter

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Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigner investors 100 per cent ownership in various sectors of the market is likely to have a positive long-term impact on the kingdom’s property markets, according to leading inter

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CBRE to manage prime Bahrain retail property

CBRE, a global real estate advisory firm, has been appointed as the exclusive manager for Seef Corner in Bahrain by the property owners, the Humaidan family. Seef Corner is a 1,827-sq-m retail development situated in a prominent p

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Brexit 'a boon' for Mideast property buyers

With Brexit confirmed as the UK’s new reality, investors from the Middle East region, who are looking to buy residential property in London, will now benefit by up to 31 per cent compared to the third quarter of 2007, according to property

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