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Dubai’s mid-market realty gets into overdrive

Buyers benefit as developers fighting it out on prices and choice of locations Dubai: Dubai real estate’s mid-tier is where the action is starting to hot up … and it is happening on prices, locations, and in buyer support. Based on the year-to-September transaction data in Dubai, properties that can be classified as mid-market accounted…

New list of cancelled Dubai real estate projects… and refunds

Cancelled Real Estate Projects Committee currently hearing 17 projects The Dubai Courts has listed 166 real estate projects in its newly-issued project cancellation list, Emirates 24|7 can reveal. The Cancelled Real Estate Projects Committee is currently hearing 17 projects all of which were launched by Reliance Estate Development. Two projects by Khyool Investment – Abjar…

Nakheel reports 2016 nine month net profit

Nakheel today announced a net profit of Dh3.91 billion for the first nine months of 2016, an increase of 8.3 percent on the profit of Dh3.61 billion in the same period last year. The company recorded a net profit of Dh955 million for third quarter of 2016, 22 percent up on Q3 2015 profit of…

Our country sets a good example for the rest of the Arab world

I am delighted and very proud that my homeland, the UAE, has been recognised by the World Economic Forum (WEF) as the third safest country out of 141 countries included in a study based largely on the cost of crime and violence as well as terrorism, and the extent to which police services can be…