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Saturday, July 4, 2020

    Property

    Latest updates on property, launch of new projects, implementation of new technology along with growth and development of real estate business in GCC.

    Qatar approves draft law on property ownership by foreigners

    Qatar announced approval of a draft law on regulating the ownership and use of properties by foreigners, media reports said on Thursday.The decision was...

    A primer on Dubai rental index calculations

    With key locations in Dubai recording rental declines through the year, it will be up to the city’s Rental Index to mirror the changes...

    Abu Dhabi: New Law Aims To Lower Construction Costs

    Aiming to reduce construction costs for landowners, the department of urban planning and municipalities(DPM) issued new legislation regulating the construction of private villas in...

    Oman: third most affordable place to buy a house in the...

    Oman has emerged as the third most affordable place to buy a home in the world, according to a new report released by Assured...

    Saudi: Expat exodus hits construction market hard

    The outflow of expat workers in Saudi Arabia during the first three months of 2018 has been felt most in the kingdom’s construction market,...

    Bahrain: RERA Dismisses Proposal Restricting Foreign Ownership

    A proposed law aimed at restricting foreign ownership of real estate in residential areas has been dismissed by the Real Estate Regulation Authority (RERA).RERA...

    Saudi housing crisis tests Crown Prince’s reform drive

     RIYADH, May 31 (Reuters) - Saudi Arabia's crown prince wants to build a mega-city with the latest robotics under his grand plan to reform...

    Abu Dhabi: Around 200 abandoned buildings demolished

    The Abu Dhabi City Municipality, ADM, has called on owners of abandoned buildings in Abu Dhabi and suburban areas to take corrective actions in...

    Dubai beachside property owners banned from their own beach

    Shoreline developer Nakheel remained unmoved in a legal wrangle that has resulted in a ban on hundreds of residents using the beach outside their...

    Dubai developers taking risks with stretched payment plans

    The trend among many Dubai developers to launch sales offering low upfront payments — typically 5-10 per cent of the property value — and...
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