Monday 20 November 2017
 
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Union Properties takes $762m provisions

Union Properties (UP), one of the leading property investment developers in the UAE, has taken provisions of Dh2.8 billion ($762 million), resulting in a second quarter net loss of Dh2.3 billion ($626.19 million). Following a thor

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Oman to open new land-sea Muscat- Khasab link

Oman National Transport Company (Mwasalat) and the National Ferries Company (NFC) are launching a new land-sea route between Muscat and Khasab, starting from August 24. The new Muscat-Shinas-Khasab route provides a unique experien

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No VAT on UAE residential properties, undeveloped land

In a major move, the UAE government has decided to exempt residential property, undeveloped land besides some financial services and local transport from the five per cent value-added tax (VAT) to be introduced from January 1, said a report.

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Qatar to allocate land for development of housing projects

Qatar's public works authority Ashghal is set to allocate 10,400 land plots over the next three years for infrastructure projects, with a prime focus on residential units across the country. Ashghal said it will be working in

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UAE group in record Dubai Lagoon land deal

Schon Properties, a major UAE property developer, has announced the transfer of 2.33 million sq ft developments at Dubai Lagoon to Xanadu Real Estate Development – a landmark move in the overall development of the Dh7 billion ($1.9 billion

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Egyptian authority recovers land from 5 companies

Egypt’s New and Renewable Energy Authority (NREA) has recovered the lands given to five companies for solar energy projects in Banban and Aswan, said a report. These companies had withdrawn from implementing the project.

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Omran releases prime land for sale at Madinat Al Irfan

Oman’s leading development company Omran said it was making available significant investment opportunities at Madinat Al Irfan, the country’s biggest urban development, with the release of 10 major land plots. The comp

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Omran releases prime land for sale at Madinat Al Irfan

Oman’s leading development company Omran said it was making available significant investment opportunities at Madinat Al Irfan, the country’s biggest urban development, with the release of 10 major land plots. The comp

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Emirates plane catches fire after crash landing in Dubai

An Emirates airline flight coming from India crash-landed at Dubai International Airport on Wednesday, the Dubai government media office said on its official Twitter account, adding that there were no reported casualties yet. As many as

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Qatar's Barwa makes $175m land purchase in Saudi Arabia

Qatar's Barwa Real Estate, one of the Gulf Arab state's largest listed developers, said on Monday it had bought a vacant plot of land in Riyadh, Saudi Arabia, for SR659.28 million ($175.8 million). It did not give the name

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