real estate

October 15, 2019

Provis, one of the UAE’s leading estate management companies, said it has been signed up to provide its full suite of specialised real-estate services at more than 30 iconic projects across Abu Dhabi, following a highly competitive bid process.

As per the deal, Provis will be offering its property management and leasing services to 12 residential projects under Abu Dhabi’s master developer Aldar Properties including Al Zeina, Al Muneera, Al Bandar, Sun & Sky Towers, Al Oyoun Village, Gate & Arc Towers, and Eastern Mangroves.

The company will also support Aldar through a management and leasing services contract for different commercial units such as Aldar headquarters, Al Mamoura,"...

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October 15, 2019

As many as six skyscrapers from the Gulf region - including two from Dubai and one from Abu Dhabi - have been rated as the most influential tall buildings of the last 50 years, according to the Council on Tall Buildings and Urban Habitat (CTBUH).

The world's tallest building, the Burj Khalifa, and the seven-star Burj Al Arab hotel from Dubai, as well as Al Bahar Tower in Abu Dhabi made it on the list. While, in the region, the Bahrain World Trade Center, Doha Tower, and National Commercial Bank in Jeddah also made it on the list of 50 Most Influential skyscrapers.

The"...

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October 15, 2019

Global cloud software provider, Zoho announced its partnership with Leminar Air Conditioning Company, the largest HVAC distribution company in the region and a member of the Al Shirawi Engineering Services Group of Companies for helping them in their digital transformation of services.

Zoho One is the operating system for business that is designed to run an entire organisation-from sales and marketing, finance and HR, operations and business intelligence, and more-all on a unified technology platform. Zoho One, comprising 45+ applications, breaks down departmental silos and helps drive smarter decision-making. It can be customised with powerful"...

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October 14, 2019

The downward corrections witnessed in Abu Dhabi’s real estate industry during the second quarter appear to have slowed in Q3, suggesting the market could be close to bottoming out, said a report by leading international real estate services firm Chestertons.

Sales prices and rental rates have marginally declined during Q3 with the average apartment sales price declining one per cent with villas showing no movement, stated the expert in its 'Observer: Abu Dhabi Market Report Q3 2019' report.

The same was true of the rental market where average rental rates for apartments fell by one per cent while villas remained static from the previous quarter, it added.

Nick Witty,"...

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October 14, 2019

DUBAI, 13th October, 2019 (WAM) -- Dubai Airport Freezone Authority, DAFZA, has further established itself as a global facilitator for business growth and prosperity and a vital engine for Dubai's economy following the announcement of its half year results for 2019.

DAFZA's contribution to Dubai's foreign trade reached 12 percent in the first half of the year, confirming the success of its plans to enhance its role in Dubai and to establish its presence amongst the free zones as one of the most developed, advanced and distinguished at the national and regional levels.

The"...

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October 14, 2019

Multimedia, Inc. (www.multimediausa.com) starts today the operations of BIZCENTER USA LLC, its affiliate for shared workspaces and virtual offices. Located on a fully owned 4,400 sq. ft. area in one of the most strategic regions of Orlando, Florida, BIZCENTER USA is offering brand-new state of the art executive suites in a facility with upscale conference rooms, reception, luxury lounge, and kitchen. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191013005018/en/ Founded in Orlando in 1991, Multimedia is a leading marketing and communications company, highly recognized worldwide for its professional integrity, serving advertising agencies, direct clients and media outlets across all continents. According to Fernando Mariano, president of both companies, the creation of BIZCENTER USA fulfills the needs for a stylish shared workspace and virtual office facility in Southwest Orlando. “Multimedia has strong ties with the Orlando community and we are always looking to respond to the needs of the local residents as well as to the needs of our clients throughout the U.S. and the world. The start of BIZCENTER USA in Orlando......

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October 13, 2019

Deyaar Development and Millennium Hotels & Resorts has announced that the Millennium Executive Apartments Mont Rose is now completed and expected to be operational this month.

Part of the three-tower Mont Rose development, located in Dubai Science Park in Al Barsha South, the Millennium Executive Apartments Mont Rose features 126 one bed and 72 studio apartments across 20 floors Along with a grab-and-go dining service.

Saeed Al Qatami, chief executive officer of Deyaar, said: “Millennium Mont Rose is another contribution we are proud to make to Dubai’s"...

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October 13, 2019

Dubai Festival City Mall is to receive a major upgrade.

UAE developer Al-Futtaim Real Estate, which is part of the Dubai-based Al-Futtaim Group, has revealed plans that include design enhancements of Festival Bay; parking expansion with improved navigation, lighting, and VIP valet services; the removal of obstructive structures to improve sightlines into the mall interiors; addition of glass railings; and shop-front enhancements inside the mall.

It comes following the completion of a $408m (AED1.5bn) expansion programme that began in December 2016.

Timothy"...

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October 13, 2019

Industry experts believe that increasing affordability and high rental returns have been wooing more local and foreign investors to the UAE property market for quite some time.

“Dubai and Abu Dhabi offer rental yields more than double of what is offered by established countries across the world,” Kalpesh Kinariwala, the Founder and Chairman of Pantheon Group, pointed out.

According to a report by Moody's Investors Service, the UAE residential demand is expected to be supported by attractive average rental yields ranging between 6 and 7 per cent in the"...

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October 12, 2019

India-based lenders are looking for a new real estate developer to complete the skyscraper Marina 101 project in Dubai, as its original developer Sheffield Holdings Limited left the project uncompleted after running out of money.

“Project is almost complete… over 95 per cent work is done. Currently, we are working with different stakeholders to reach a solution at the earliest,” Ananda Kumar, general manager at Bank of Baroda for the Middle East, told The National.

Bank of Baroda is of the three Indian lenders of this project. Other banks include"...

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