UAE home loans jump 55% in the year to March
Published 13 mins ago
Mortgage lending in the UAE, which started opening its property sector to foreign investment in 2002, jumped 55 per cent in the year to March, central bank data showed yesterday.
Total home loans at the end of March were worth Dh64.95 billion ($17.69 billion) compared with Dh41.86 billion, a year earlier, the central bank... Read the story »
Dubai land deals top Dh2.15 billion in one week
Published 8 hours ago
The total value of land transactions in Dubai last week peaked at Dh2.15 billion, the Dubai Land Department said on Thursday.
A total of 87 sales transactions were registered with the department by the end of the week, the most valuable of which was a plot in Al Manara that was sold for Dh32.5 million.
A plot in Al Barsha First was acquired for Dh27.82416 million and another in Al Qusais... Read the story »
Dubai Palm Jumeirah Monorail set for live testing
Published August 7, 2008
Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, has announced that live testing of the Palm Monorail, which will transport thousands of visitors on Palm Jumeirah each day, will commence this October.
The Palm Monorail is the first monorail project to be constructed in the Middle East. Nakheel has laid 100% of the 5.45km track, while the monorail... Read the story »
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