Munaqasat, which is part of the Mollak system, contributes to the comprehensive management of JOPs in Dubai, facilitating and simplifying the tendering process, and establishes a direct link between jointly owned property companies and service providers. Mohammed bin Hammad, Director of the Jointly Owned Property Department, said that…
Read More“By bringing the asking price to Dh1.3 billion levels, the chances of finding a buyer has increased significantly,” said a consultant. “A price of Dh2.79 billion would have been deemed too steep, which is probably why there were no bids placed. And even when they brought it down…
Read MoreDubai: For the near future, Rizwan Sajan has his focus on two priorities – complete the sale of the second tower making up the ‘Oceanz’ in Dubai Maritime City. And the second, start adding to his land bank, which could yet see his company, Danube Properties, plan an…
Read MoreDubai: Hong Kong is relaxing its mortgage rules for homes under construction, as the government takes further steps to support the city’s property market that’s been weighed by high borrowing costs. Eligible first-time home buyers can now pay just 10 per cent down payment for properties under construction…
Read MoreThat is why despite interest rates going up over the past two years, demand doesn’t seem to be declining. The high rental yields have also become an attractive proposition for investors. In fact, property prices in some localities have gone above previous peaks, which is indicative of the…
Read MoreDubai: Investors who missed out booking the first residential launches on Dubai’s much-anticipated Palm Jebel Ali relaunch needn’t worry. There’s lot more coming – or they can still do it from the secondary market listings that are showing up featuring Palm Jebel Ali homes. At premiums of 10-25…
Read MoreSome UAE banks have introduced marginal increases to interest rates on outstanding balances and on financial charges for credit cards, said Anita Yadav, the CEO of Global Credit Advisory. Monthly rates on balances have gone up from 2.5-3 per cent in 2022 to 3.25-3.85 per cent. “Banks may…
Read MoreThis is the Abu Dhabi master-developer’s first residential project in Ras Al Khaimah. Aldar has been on an investment/acquisition spree in Ras Al Khaimah, including buying land to expand on existing developments there. “Nikki Beach, with its global prestige and proven track record in upscale hospitality, aligns perfectly…
Read MoreAfter the first-half earnings season, there have been rich takings for shareholders on DFM, with DEWA set to distribute Dh3.1 billion, while Salik rewarded theirs with Dh548 million. The telecom operator du was another to please its investors with Dh589.27 million. “It’s been a rewarding season for investors…
Read MoreMarket sources say that Ras Al Khaimah is extending the gains from the series of investment flows from the likes of Abu Dhabi’s Aldar (which has done multiple buys in the northern emirate in recent times) and the just announced deal that saw RAK National Hotels acquire the…
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