Friday 22 June 2018
Land sales

Dubai's real estate transactions top $77.5bn in 2017

Dubai's real estate market registered solid growth in 2017 with the total transactions surging to more than Dh285 billion ($77.5 billion) through 69,000 real estate transactions, said the annual transactions report released by the Dubai Land


Sri Lanka bans land sales to foreigners

  Sri Lanka has decided to ban land sales to foreigners after finding that some offshore investors did not use land and property purchases to benefit the nation's economy, the government spokesman said on Thursday.


Egyptian to drop Palm Hills, Kingdom cases

An Egyptian citizen who tried to overturn state land sales to Palm Hills and Saudi's Kingdom Holding has withdrawn the claims, saying there was little point continuing while the government is doing little to fight graft. Engineer Hamdy


NBAD posts 45.5pc jump in Q1 profit

National Bank of Abu Dhabi (NBAD), the Gulf emirate's biggest lender, said first-quarter profit rose 45.5 per cent after it boosted lending and included a one-off gain from the sale of land. Net income in the three months to March 31 rose

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