Friday 26 December 2014
 
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Dubai property

Dubai property price rises slowdown in H2

Increases in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut of new units are released, leading real estate consultants CBRE said.  Increases in Dubai property prices

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Saudis are top GCC investors in Dubai property

Saudi Arabians were the leading GCC investors in property in Dubai, UAE, in the first half of 2014 with investments worth Dh3.4 billion ($925.5 million), according to a report from global property consultancy Frank Knight. They were fol

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Dubai property market can absorb 25,000 units

The Dubai property market on an average can absorb 25,000 units a year in future to maintain current vacancy rates, said a report citing a financial expert. The drop in construction activity in the past few years has given Dubai&#

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Expo win to spearhead Dubai property growth

A combination of factors including Dubai’s successful win to host Expo 2020 and the recent real estate legislations will trigger higher growth for the real estate industry in Dubai during 2014, said an expert. “Dubai&r

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UAE stocks rally, Abu Dhabi tops 4,000 mark

Abu Dhabi's bourse crossed the 4,000 mark for the first time in five years on Monday, playing catch-up to gains on neighbouring Dubai's market, which extended a rally driven by the recovery in the real estate sector. Abu D

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Dubai property sector ‘on recovery path’

The Dubai property sector is showing strong signs of recovery following the 2008/2009 crash that hit Dubai investors during the international financial crisis, said a report. “The real estate market in Dubai is finally showing sig

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Nakheel's $1bn sukuk 'sits on seabed'

Much of the land backing a $1.03 billion sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, Reuters quoted bank sources as saying, leaving trade creditors holding the paper with scant recourse to tangible assets in the event o

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Qatar learns lessons of Dubai property peril

Qatar will have to endure at least another 12 months of falling property prices before a recovery in 2011, when the benefits of a prudent approach towards real estate development begin to pay off, say analysts. According to industry expert

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Abu Dhabi banks ‘have big Dubai exposure’

Years of chasing business in Dubai's property boom means that Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30 per cent of their loan books, senior bankers in Abu Dhabi said on Friday. As a result, b

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Dubai property 'at risk of more price falls'

Dubai's suffering property sector is at risk of further price declines due to the seasonal summer and Ramadan slowdown, expatriates leaving the emirate, and oversupply, Moody's Investors Service said on Tuesday. "Oversupply in the market i

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