• Real estate transactions in Abu Dhabi jumps 22% to Dh19 billion in Q1 2020

    Dubai, UAE: Real estate transactions increased 22 percent in Abu Dhabi reaching Dh19.2 billion during first quarter of 2020 compared to Dh15.8 billion in the same period of 2019, according to the Department of Municipalities and Transport (DMT), that regulates the property sector in Abu Dhabi emirate. Transactions for first quarter 2020 included approximately 7,600 land and real estate deals, up […]

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  • Dubai Land Department completes 1,508 transactions worth Dh3.4 billion in 5 weeks

    Dubai, UAE: Dubai Land Department said, it has completed 1,508 transactions worth Dh3.4 billion in 5 weeks through escrow accounts. “During the past five weeks, business in the escrow account continued electronically and 126 real estate developers benefited from RERA’s services, helping these companies continue construction on off-plan sales projects, with 1,508 disbursement procedures that having […]

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  • Danube Properties launches Dh400 million Olivz, the first project announcement in Dubai in 2020

    Staff Report Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has launched Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding Dh400 million. The project will be developed in Al […]

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  • Damac Properties reports Dh36.8 million losses in 2019

    Dubai, UAE Damac Properties, the largest private real estate developer in Dubai recorded a Dh36.87 (US$10 million) net loss in 2019, compared to Dh1.15 billion (US$313 million) net profit recorded in 2018. The losses incurred despite the delivery of around 4,700 units, it said. Total revenue for the year 2019 stood at Dh4.4 billion. Shareholders’ […]

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  • Abu Dhabi-based ESIC invests Dh1 billion to acquire two mixed-use properties

    Abu Dhabi, UAE Emirates Strategic Investments Company (ESIC), an Abu Dhabi-based investment company, said it has acquired two iconic, income-generating, mixed-use properties in the United Arab Emirates (UAE), one of a series of investments to be funded by last year’s successful issuance of the company’s US$600 million (Dh2.2 billion) sukuk. The Dh1 billion (US$ 272 million) […]

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