Saturday 2 July 2016
 
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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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UAE property expert Cavendish Maxwell names new CEO

Leading UAE-based property consultancy Cavendish Maxwell has appointed Nigel Armstrong, an industry veteran and also the former head of the Bannatyne Group in the UK, as its new chief executive officer. Armstrong, who takes over t

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Dubai team studies HK metro project development

A delegation from the Dubai's Roads and Transport Authority (RTA) recently visited Hong Kong to review the significance of property development around metro stations, and their impact on increasing the metro ridership. The vis

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Dubai residential property rental price down 4.2pc

The residential property prices in the rental market of Dubai, UAE, fell 4.2 per cent year-on-year (y-o-y) in April mainly due to a sharp decline in rental prices of both villa and apartments in the emirate, said a report. The res

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Saudi residential market slowdown continues

The residential real estate market in Saudi Arabia continued its slowdown in 2016, with transaction volumes and sale prices declining at a slower rate compared to 2015, said a new report. The reduction in government spending, due

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ME investors eyeing Birmingham, Manchester property

A number of Middle East investors are now focusing on prime properties in Birmingham and Manchester, which promises 6-7 per cent yields and strong capital appreciation outperforming London by over 3 per cent per annum, said an industry expert.

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Abu Dhabi may act to address property glut

Abu Dhabi's property market is oversupplied and the government may take steps to address the imbalance, a senior official said on Sunday. Prices in the UAE capital's residential sector were flat last year, after rising abo

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Cluttons names Dubai business head

Leading international real estate consultancy Cluttons has announced a senior appointment within its UAE business, with Murray Strang being named as the new head of Cluttons Dubai. With Cluttons’ business continuing to grow

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Mumtalakat in US real estate partnership deal

Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the kingdom, has joined hands with Regent Properties, a real estate development and investment firm based in Los Angeles, US, to acquire a major stake in its existing portfolio of

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Qatar First Bank inks JLL partnership deal

Qatar First Bank (QFB), a leading Shari’ah compliant lender, has partnered with leading global developer JLL to offer shareholders and clients the ability to source real estate opportunities based on their specific requirements and budget.

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