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Updates

 

Coronavirus: Dubai banks roll out measures to support customers

Banks in Dubai will offer their customers and clients loan repayment holidays and reduced charges to help soften the impact of the coronavirus outbreak on their finances and relieve economic pressure.

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UAE's gross banking assets hit record $810bn high in February

The Central Bank of the UAE has revealed the country's gross banking assets have risen to AED3.095 trillion ($810 billion), the highest ever figure recorded.

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UAE Cabinet approves additional $4.3bln stimulus package

The UAE Cabinet has approved an AED16 billion economic stimulus package as part of the Federal Government's additional measures to support the national economy.

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Dubai real estate industry can expect 'buying boom' post coronavirus

Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

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COVID-19: Emirates NBD supporting the UAE economy

Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

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UAE Central Bank rolls out Dh100bn stimulus package

The Central Bank of the UAE rolled out a comprehensive Dh100 billion economic stimulus package on Saturday to offset the impact of the coronavirus pandemic.

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UAE stimulus will help protect economy

The UAE has always acted quickly and decisively to protect its economy and the financial system from global and regional risks. Last week.

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Emirates NBD takes precautionary measures against coronavirus

Emirates NBD has announced a host of measures it has taken internally to safeguard its staff and customers against coronavirus (COVID-19) outbreak.

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Central Bank committed to boosting UAE realty sector

The UAE has always been a progressive economy, with the right set of ingredients for growth across sectors.

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Property Finder sees huge uptick in Q1 property transactions

Property Finder, the region's leading property portal

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UAE's position as global financial centre to strengthen: Report

The UAE's position among global financial centres will strengthen in the next five years, according to a survey of 240 senior financial executives.

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More IPOs likely in GCC this year, but will not surpass value

Led by Saudi Arabia and the UAE, initial public offering (IPO) activity in the Gulf is expected to pick up in 2020.

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Emirates NBD expects a 'modest year' for investor returns

Emirates NBD, Dubai’s biggest lender by assets, said investors should expect "positive, but modest" returns this year after a "spectacular 2019".

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Capital markets in UAE set for listings boost

The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is expected to widen its net of investors.

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Dubai's real estate sector demonstrates its resilience

Dubai's real estate sector has demonstrated its strength and resilience over the last few years and is set to enter a new phase of development with the approach of Expo 2020 Dubai

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UAE's economy to expand by 2.2% in 2020, says ICAEW

The UAE's economy is expected to expand by 2.2 percent in 2020 amid a general recovery in the Middle East

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Dubai expects supply of 50,000 new property units in 2020

Dubai is expected to see a fresh supply of 50,000 residential units and 2.5 million square foot of office space in 2020

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UAE stocks gain AED2.6 bn

Traders continue to buy and sell amidst bullish sentiments at the UAE's two main bourses that led to gains of AED2.6 billion by the end of today's session

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Dubai sees 'first signs of growing confidence' in property market

Dubai's real estate market could be seeing the first signs of growing market confidence, according to new research.

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Dubai limiting supply from govt-backed developers

The Higher Committee for Real Estate Planning established in November last year to bring balance between supply and demand is monitoring the local market and limiting the supply from government-backed developers, said a senior official on Monday.

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Dubai issues first 'partial' title deeds

Dubai has issued its first 'partial' title deeds to investors in a serviced hotel apartment project.

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UAE banks defer removing upper age limit for mortgages, reveals Mortgage Finder

In October 2019, the UAE Central Bank made two major changes to mortgages in the UAE

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Entrepreneur plans new app to revolutionise Dubai property rental sector

A leading Emirati entrepreneur plans to launch a new app to revolutionise Dubai’s rental sector

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Property Monitor's "dynamic" index to track Dubai property trends

UAE real estate data and insights platform Property Monitor, which is a product of consultancy and chartered surveying firm Cavendish Maxwell and is accredited by the Royal Institution of Chartered Surveyors (RICS),

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Sheikh Ahmed appointed to temporarily manage Dubai Holding, Meraas

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

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Dh635m realty deal is largest this year

A recent property transaction at Dubai Creek Harbour valued at Dh635 million is one of the largest real estate deals recorded in the emirate in recent years.

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Emaar Q3 profit up 20% as company looks to Dh25bn project

Emaar Properties said third quarter net profit surged 20 per cent as the UAE's largest listed developer plans a new Dh25bn project on the Dubai-Al Ain road.

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Ithra Dubai's One Za'abel project and update on 'The Link'

Property development giant Ithra Dubai – which is fully owned by Investment Corporation of Dubai.

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We are pleased to announce that the car park resurfacing at Dubai Healthcare City 49 has been completed for Basement 1.

We continually endeavor to improve the quality of life for all tenants occupying and leasing our properties.

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We are pleased to announce that occupancy in Burj Daman continues to grow steadily.

Increasing from 74% to 77%, as new tenants FTI Consulting and Delta Partners commenced tenancy in their respective spaces during the summer months.

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Anthony Taylor, Head of Real Estate at ENBD REIT, spoke today at the Education Investor Global MENA event.

Anthony was a speaker at the Investor's roundtable "Building a blueprint for success".

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Today we announced the completion of our share buy-back programme.

Part of our strategy to realise value for shareholders, reduce disproportionate movements in the share price and provide additional liquidity.

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We are delighted to announce that ENBD REIT has been nominated by the Middle East Investor Relations.

The nomination reflects our focus on transparency when communicating with our shareholders and the wider investment community.

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Last week Anthony Taylor, Head of Real Estate, spoke to Construction Week in their Weekly Viewpoint Podcast.

Anthony discussed the REIT's focus on the alternatives sector for diversifying the portfolio and protecting income during a period of soft market conditions.

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ENBD REIT targets alternative investment opportunities to counter soft market conditions.

The UAE has been evolving through a challenging macroeconomic environment in recent years.

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The GCC will become more attractive for Real Estate investment.

Real Estate in the Gulf has had a volatile run for the past 24 months.

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UAE economy set for sustainable recovery in 2019, 2020.

The UAE economy is expected to stage a modest recovery in 2019 and keep up the momentum through 2020.

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Will the UAE reach its net-zero carbon buildings goal by 2030?

During the third Arab Ministerial Forum on Housing and Urban Development.

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Empower begins construction on $53.6m Dubai Production City plant.

Emirates Central Cooling Systems Corporation (Empower) announced that it has started construction work on its $53.6m (AED197m) Dubai Production City plant.

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UAE's Azizi awards construction contract for new Dubai project

Azizi Developments has awarded a major contract, valued at several hundred million dirhams, to the UAE-based Prestige Construction.

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Damac seals $77.6m deal for plots in Dubai's Al Sufouh and Business Bay

Damac Properties has bought two plots of land in Al Sufouh and Business Bay, Dubai for AED285 million ($77.6 million).

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Dubai Land Department organises Cairo - Dubai Real Estate Conference

Dubai Land Department (DLD) organised the first edition of the Cairo-Dubai Real Estate Conference in Cairo under the theme 'Planning and Designing Smart Urban City Strategies.'

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Rents in Northern Emirates soften as tenants relocate to 'cheaper' Dubai

Property rents stabilised in Ajman and softened in Sharjah in the first nine months of the year

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