Monday 31 August 2015
 
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real estate

Investors upbeat on Dubai real estate market

Majority of the investors (60 per cent) expect Dubai’s real estate market to grow over the next 12 months, said a survey conducted ahead of a key industry event in Dubai, UAE. The largest property showcase in the Middle East

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Dubai real estate group wins key investment

Dubai-based real estate technology enterprise, JRD Group, said it has won key investment from iMENA Group, a leading operator of online businesses in the region. With this deal, the company has become a new member of iMENA Group&#

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Dubai Properties revenue to rise this year

Dubai Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said on Sunday.

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Dubai property sales top $35bn in H1, defy forecast

The volume of real estate sales in Dubai, UAE exceeded Dh129 billion ($35.12 billion) during the first six months (H1) of this year, compared to Dh57.6 billion ($15.68 billion) during H1 2014, said an industry expert. About 20,000

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Jeddah office, residential rentals set for growth

While the real estate market in Jeddah remained in the upturn stage of its cycle during the second quarter, further rental growth may be seen over the rest of the year in office and residential sectors of the Saudi commercial hub, an industry ex

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$15bn to flow from Mideast into global real estate

An average of $15 billion per year will flow out of the Middle East into direct real estate investment globally in the near term, according to the latest research from global property advisor CBRE Group. The Middle Eastern investo

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Abu Dhabi real estate market stable in Q2

Abu Dhabi’s real estate market remained stable during the second quarter (Q2) of this year, with performance of most sectors remaining flat, and a slight increase in hospitality performance, said an industry expert. “F

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UAE property firm launches new portal

UAE-based property and real estate company Property Trader has launched its new website propertytrader.ae, aiming to provide visitors with a convenient way to find the perfect property to meet their needs. With over 25,000 listing

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Saudi's Dar Al Arkan Q2 profit down 42pc

Dar Al Arkan, one of Saudi Arabia's largest property developers, reported a 42 per cent drop in second-quarter net profit on Tuesday, missing analysts' forecasts. Arkan made a net profit of SR70.5 million ($18.8 million) i

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ME property market among world’s fastest growing

Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real est

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