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Nakheel net profit touches Dh4b in first nine months

Nakheel developers

Master-developer maintains a sustained pace with 1,200 homes handed over Dubai: Nakheel recorded a 2.5 per cent year-on-year increase in net profits to Dh4 billion for the first nine months of 2017. During the period, the master-developer has maintained the pace of residential handovers, at nearly 1,200 units. Also, it has been expending its community…

Premium, affordable locations in Dubai post steepest declines in rent

Dubai downtown

Newly compiled figures show which communities in Dubai are registering the biggest rental declines Dubai: Some premium and affordable residential neighbourhoods in Dubai are losing the most rental values – on a percentage basis – according to the latest data compiled by a real estate consultancy firm. Rents in Dubai Marina, where one-bedroom flats can…

Why buying real estate in a down market is a good bet

Dubai building

The best thing about real estate is its cyclical nature and its ups and downs. Imagine if real estate was a stagnant commodity, there would be no price gains and no profits. If you look at the price trends of any real estate market for the past few years or for that matter past several…

Dubai developer Azizi to complete Montrell project early next year

Azizi Montrell is the developer’s ninth project in Al Furjan Dubai-based Azizi Developments has confirmed that its ninth project in Al Furjan, Azizi Montrell, is slated for completion early next year. Azizi Montrell, a nine-storey high-end serviced apartment building includes 222 units, of which 168 are studio apartments and 54 are one bedroom apartments. It…