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Dubai real estate contribution to GDP nearly doubles to 13.6% in 2018

The total value of real estate transactions fell 27.8 percent in 2018 to Dh223 billion, declining from Dh285 billion in...

UAE- based affordable housing pioneer, Danube Properties enters South Indian market by opening office inKochi,Kerala

Bollywood sensation Sunny Leone to greet investors at the launch event in Kochi, Kerala – marking a major expansion of...

Wasl to deliver 3,866 apartments in 35 buildings in Warsan ahead of Expo 2020

Dubai, UAE: Wasl Properties, a subsidiary of Wasl Asset Management Group, said, construction on its Warsan project is well underway...

Dubai Land Department releases prisoners in rental cases

Dubai Land Department (DLD) said it will release 22 prisoners in rental cases, as part of a compassionate scheme and...

Yardi Platform Aligns Rents with RERA Rental Index

Yardi Systems, a global property and asset management solutions provider, has recently aligned its Residential Property Management solutions – RENTCafé CRM and RENTCafé –  as...

Three Bangladeshi businessmen from same family awarded UAE Gold Visa – a first in the country

M. Oliur Rahman, Vice-Chairman of Al Haramain Group and M. Emadur Rahman, Deputy Managing Director of Al Haramain Group, receives...

UAE-based IBC Group to acquire 10,000 holiday homes worth US$5 billion in Dubai

Berkshire Hathaway HomeServices Gulf Properties mandated to execute transactions exclusively UAE-based IBC Group said, it intends to acquire 10,000 premier...

Damac Properties net profit plunges 90.5% to Dh81.63 million in the first half of 2019

Damac Properties net profit plunged 90.53 percent to Fh81.63 million in the first half of 2019, down from Dh862 million...

Deyaar profits plunge 43.7% to Dh36.7 million in H1 2019

Dubai, UAE Deyaar Development, one of Dubai’s leading property developers and real estate service providers, reported a 43.7 percent drop...

In-Depth

Yardi Platform Aligns Rents with RERA Rental Index

Yardi Systems, a global property and asset management solutions provider, has recently aligned its Residential Property Management solutions – RENTCafé CRM and RENTCafé –  as per the ruleset of Dubai Land Department’s Rent Calculator that will help tenants and landlords to adjust rents when the facilities come up for renewal. “We have recently developed a Rent Calculator solution within our residential marketing and […] Read More

Realty Bytes

Dubai real estate contribution to GDP nearly doubles to 13.6% in 2018

The total value of real estate transactions fell 27.8 percent in 2018 to Dh223 billion, declining from Dh285 billion in 2017, according to statistics revealed by Dubai Land Department (DLD). More than 31,000 investors and property buyers sold and purchased land and properties worth Dh223 billion through 41,000 transactions in 2018, DLD said. “The real […] Read More

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