• The Heart of Europe takes shape as the ultimate sustainable island tourism destination in the Middle East

    A new set of treasure islands gets ready to offer the best of Europe in an experiential holiday and entertainment retreat Key Highlights The US$5 billion mega sustainable tourism project will host more than 4,000 guest rooms and suites offering a wide array of services in different settings. More than 1,200 construction workers, technicians, engineers […]

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  • Ellington Properties introduces 3-year rental guarantee of 8% annually for all new owners

    Dubai, UAE: Ellington Properties,Dubai’s leading design-led property developer, announced a rental guarantee scheme of 8 per cent per annum for three years for all new owners during the Holy Month of Ramadan. Introduced to demonstrate confidence that the market fundamentals are strong and will bounce back after the current Covid-19 situation, the rent guarantee scheme is calculated […]

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  • 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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  • Heart of Europe expands operations of Coral Institute – the Middle East’s first such initiative to promote marine life

    Dubai, UAE: Developer Kleindienst Group enhances sustainability and marine life programme with the Coral Institute 2020 plan that includes carpet sharks, the seahorse’s nursery and a rehabilitation initiative Kleindienst Group, developer of the master-planned Heart of Europe destination island, today announces the Coral Institute’s 2020 plan and the achievement of its key milestones. It is […]

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  • Kleindienst shifts operations to The Heart of Europe as the islands remain free from Coronavirus threat

    Dubai, UAE: More than 1,200 professionals, management team members and workers putting all-out efforts to complete Phase I of the US$5 billion Heart of Europe project, as the island remains free from Coronavirus Kleindienst Group, developer of The Heart of Europe – the US$5 billion (Dh18.3 billion) master-planned leisure tourism island destination – has shifted […]

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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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  • UAE developer Eagle Hills enters Ethiopia to deliver 4,000 homes

    Dubai, UAE Eagle Hills, a UAE-based master developer of mixed-use communities, has entered Ethiopia with La Gare – a mixed-use community that will deliver 4,000 residential units in its capital city Addis Ababa. “La Gare, one of Ethiopia’s largest mixed-use developments, took a major step forward last week with the launch of its first residential […]

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  • Emaar Properties records 20% increase in Q3 net profit

    Dubai, UAE Emaar Properties PJSC, recorded a 20 percent increase in net profit to Dh1.33 billion(US$362 million) in third quarter (July to September) of 2019, compared to the net profit of Dh1.11 billion (US$302 million) recorded during the same period in 2018. Revenue of Emaar also grew 14 per cent to Dh6.07 billion (US$1.65 billion) […]

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