• China suffers sharp decline in construction output, but a recovery is underway, says GlobalData

    Dubai, UAE Construction output growth in China is expected to grow by just 1.9 percent in 2020 due to the severe impact of COVID-19, according to a latest report by GlobalData, a leading data and analytics company. The disruption in the first quarter of 2020, when the outbreak was at its peak and the lockdown […]

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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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  • 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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