UAE's first residential Reit launched

The UAE’s first residential real estate investment trust (Reit) has been established to tap improving yields after two years of price declines. The company behind Emirates Reit has teamed up with Al Hamra Real Estate Development and National Bonds to create the investment trust that will comprise about 500 homes in Dubai and Ras Al

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Construction work to start at Dubai Properties' 1/JBR tower

Dubai Properties has appointed Dubai Contracting Company (DCC) as the main contractor for its 1/JBR project, a 46-storey tower that has a development value exceeding Dh1 billion. The developer and the contractor held a signing ceremony at the site on Sunday to mark the start of the main construction on the tower, which will contain

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Al Maryah Central mall developer seeks tower funds

The developer behind the planned US$1 billion Al Maryah Central mall in Abu Dhabi is searching for investors to help finance the construction of two towers next to the shopping and entertainment complex. Gulf Related, a joint venture between Gulf Capital and the US developer Related Companies, has said that it is on the lookout

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India's property sector gains in Jaitley budget

MUMBAI // India’s property sector is set to be one of the key beneficiaries of the federal budget, according to analysts. “This has been one of the path-breaking budgets with far-reaching changes especially for the real estate sector,” said Shishir Baijal, the chairman and managing director of Knight Frank India. “This has come at a

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