Abu Dhabi’s GDP grows 5.7% year-on-year in Q1 2019

Q1 2019 GDP at constant prices grows to AED 207 billion Oil GDP during the quarter also increased at both current and constant prices Abu Dhabi’s gross domestic product (GDP) at constant prices increased 5.7% year-on-year in Q1 2019 to AED 207 billion, according to data from the Statistics Center Abu Dhabi (SCAD). The expansion […]

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Dubai Land Department launches online calculator Manzili

Manzili matches prospective buyers with suitable properties based on their savings and budgets One can search for options by developer, location, property type or project status The Dubai Land Department (DLD) has introduced Manzili, an online calculator that matches prospective buyers with suitable properties based on their savings and budgets. Interested buyers can fill out […]

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Building Insurance: What To Consider?

Sunil Parmar, Associate Partner of the Project and Building Consultancy department at Cavendish Maxwell, explains the common yet significant risks associated with Reinstatement Cost Assessments (RCAs), otherwise known as insurance valuations for properties.   Damage to property can be extremely distressing, with repair and restoration often being a long and expensive process. Purchasing building insurance […]

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Saudi Arabia’s non-oil sector growth in 2019 projected at 2.9%: IMF

Saudi Arabia’s real non-oil growth is expected to strengthen to 2.9% in 2019 helped by an increase in government spending and confidence, according to the International Monetary Fund (IMF). However, real GDP growth is expected to slow to 1.9% as real oil growth weakens to 0.7% with the implementation of the Organization of the Petroleum […]

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Dubai Land Department announces ‘Real Estate Lawyer’ initiative

Initiative aimed to increase transparency, streamline property transaction processes and reduce transaction time Strategy to provide support to property buyers and attract foreign investors   With the aim of providing further support for real estate investors and encouraging foreign investor participation, the Dubai Land Department (DLD) has announced the launch of a new initiative, ‘Real […]

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Sobha Realty launches One Park Avenue residential tower in Dubai

G+24-floor building will include 403 one-to four-bedroom apartments Handover of units is scheduled for April 2023 Project seeks to “reimagine new-age living through a sustainable lens”   Developer Sobha Realty has announced the newest addition to its Sobha Hartland development in Mohammed Bin Rashid Al Maktoum City in Dubai – the residential tower One Park […]

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