September, 2017

• 11 September

  Abu Dhabi ranked among world’s top financial destinations

  ABU DHABI / WAM Abu Dhabi is ranked among the top 25 cities in the world in terms of economic competiveness as a financial centre, moving up three rankings from the previous position on Global Financial Centres Index (GFCI). The development was announced during the launch of the GFCI 22 on Abu Dhabi Global Market premises on Monday. “As the ...

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• 11 September

  UAE, China geared to nurture trade ties

  HONG KONG / WAM The UAE GDP growth rate has outpaced its global equivalent over the past five years, according to a top executive at the UAE Ministry of Economy, who attributed the jumbo leaps secured by the country’s domestic economy to a robust energy sector and an agile economic diversification programme embraced by the wise leadership of the country. ...

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• 11 September

  UAE building projects value reaches AED836bn in Sept

  

  DUBAI / WAM Total value of 7,878 active building projects in the UAE reached $227.9 billion (AED836 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these building projects, high-rise buildings account for $100.5 billion while mid-rise and ...

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• 11 September

  Union Properties announces AED8bn plan for MotorCity

  Dubai / Emirates Business Union Properties (UPP) has announced a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED 8 billion. UPP has also signed an agreement with China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction companies to build the new mega development. The announcements were made on ...

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• 11 September

  Hamdan inaugurates Cityscape Global

  

  Dubai / WAM / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Monday morning, inaugurated the three-day Cityscape Global exhibition, which is being hosted by the Dubai World Trade Centre (DWTC). HH Sheikh Hamdan bin Mohammed toured the exhibition halls and learnt about the most ...

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• 11 September

  DLD launches app to track realty projects

  Dubai / WAM Dubai Land Department (DLD), a government body that handles all legalisation processes related to sales and purchases of land in Dubai, has developed an interactive multi-platform application that helps investors and developers track the progress of all real estate development projects in the emirate. ‘Mashrooi’, developed in exclusive partnership with Emaar Properties Group, combines innovative technology with ...

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• 11 September

  Bloom Properties updates on range of its key Abu Dhabi, Dubai projects

  

  Dubai / Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, is marking an impactful participation at the 16th edition of Cityscape Global 2017, providing investors, home buyers and visitors at the definitive exhibition with construction updates on its diverse range of developments in Abu Dhabi and Dubai. The construction of Bloom ...

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• 11 September

  Arada sells 300 residential units in Aljada project

  Dubai / WAM UAE-based developer Arada which developed Aljada, a major real estate project in Sharjah, has sold some 300 residential units, including villas and apartments, at Cityscape Global Dubai 2017. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, told Emirates News Agency (WAM), that the sale was achieved within the first few hours of its launch at the ...

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• 11 September

  Phase one of Azizi Riviera sold out

  

  Dubai / Emirates Business Azizi Developments, one of the fastest growing developers in the UAE announced that phase one of the AED12bn waterfront project Azizi Riviera is sold out on the first day of Cityscape Global 2017. The developer has also sold 50% of inventory of phase two of the same project on the first day at Cityscape. The project, ...

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• 11 September

  Deyaar reveals AED1bn South Bay development

  Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, announced a new addition to its portfolio during Cityscape Global 2017 — a premium residential, serviced apartment and hotel property called South Bay, valued at AED1 billion over a built-up area of more than 1.3 million square feet. Located in Business ...

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