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More jobs in market as Dubai Real Estate sector expands

By on November 25, 2017 in Business in Dubai, Living in Dubai

What has Dubai Real Estate got in store for a Job-Seeker? Dubai, often known as the ‘heart of Gulf’ is one of the most prominent emirates in the UAE. With booming economy and plentiful job opportunities Dubai has set a trend of public inclusive growth in its work spheres. The strength of Dubai’s economy lies […]

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S&K Estate Agents LLC

S&K Estate Agents LLC Leading Dubai Real Estate Agency Files Bankruptcy

By on July 28, 2015 in Business in Dubai, Living in Dubai

S&K Estate Agents LLC , One of Dubai’s biggest real estate agencies has released a statement regarding its recent bankruptcy. S&K Estate Agents LLC (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors, with all 80-plus employees having lost their jobs. The company filed bankruptcy at […]

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dubai landlords

Dubai Landlords can increase rents up to 20%, new Real Estate Law declares

By on December 23, 2013 in Cost of Living, Living in Dubai

Expats in Dubai, brace up for new wave of inflation and over hiked rents. According to a new real estate law, the landlords in Dubai can increase the rents up to 20%. The latest real estate sector reforms override the 5 percent rental cap and set out new maximum rent increases for tenancy contracts renewals.Under […]

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Dubai Real Estate

Dubai among worst hit property markets in the world

By on September 7, 2011 in Business in Dubai, Living in Dubai

Dubai real estate was the 9 worst performing market in the world last year, according to a new report by Knight Frank. However, the results of a survey of the 50 biggest property markets in the world also show the rate of decline in Dubai has began to slow. Reported in Arabian Business, Dubai prices […]

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House prices in Dubai approaching bottom

House prices in Dubai approaching bottom

By on March 11, 2011 in Business in Dubai, Living in Dubai

Real estate prices in Dubai’s battered property market are bottoming out more than two years after the financial crisis sparked a slump that devastated values, an analyst has said. Fifteen months on from the Dubai World debt crisis, which saw the state-owned conglomerate seek to alter terms on $24.9bn of debt, investor appetite is picking […]

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Dubai Realty Visa for real estate investors

Six Month Realty Visa For Property Owners in Dubai

By on May 6, 2009 in Living in Dubai

Well, the game of rule popping goes on for investors who bought “free hold” properties in UAE, thinking they have got residency permit of 25 years. When builders, developers and real estate agents were conning investors government was looking the other way. It suddenly woke up from slumber and started (and modifying) one law after […]

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Villa prices in Dubai fall by 45% amid real estate slump

By on January 6, 2009 in Living in Dubai

Villa prices at Jumeirah Park and Jumeirah Islands, Nakheel’s exclusive residential developments in Dubai, have plunged up to 45 percent in the last four months. Brokers across the UAE said speculators were desperately scrambling to off-load property before prices fell further. Imran Aslam, agent at Dubai-based property broker AAA said completed three to four bedroom […]

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Property and Real Estate Companies Cutting Jobs in Dubai

By on December 1, 2008 in Business in Dubai

Dubai has felt the heat of global recession and at least property and real estate sectors are already in downsizing mode. Nakheel, Dubai’s real estate master developer, made 500 people (or 15 per cent of its global workforce) redundant while scaling back projects. This is the second biggest confirmed job cut in the UAE so […]

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