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Interest in Indian properties jump 59%, survey shows

Dubai Interest in buying Indian properties has jumped 59 per cent now, compared to June this year, a survey amongst Non-resident Indian (NRIs), shows.

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Chestertons acquires Downtown International

Chestertons MENA, a leading property agency with its regional hub in Dubai, has finalised its acquisition of Downtown International, the multinational real estate agency and broker for residential developments in major cities across the globe.

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Azizi Developments starts construction of Dh25 billion Azizi Victoria

Azizi Developments, a Dubai-based developer, has commenced construction of the Dh25 billion Azizi Victoria in the Mohammed Bin Rashid Al Maktoum City – District Seven.

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Ellington’s Wilton Terraces II launched in MBR City

Ellington, a Dubai-born boutique developer, has launched the second tower of its Wilton Terraces project in Mohammed bin Rashid City (MBR City).

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Dubai opens Mina Rashid Marina as part of a luxury cruise destination

Shaikh Mansour Bin Mohammad Bin Rashid Al Maktoum inaugurated the new Mina Rashid Marina project, which will eventually be capable of harbouring 20,000 yachts.

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Dubai South attracts Dh20bn investment

Dubai South, the Dh120 billion, 145-square kilometre master-planned mixed-use Aerotropolis that will change the region’s aviation, tourism and logistics sectors, has attracted Dh20 billion worth of investment in the city, so far, a top official said.

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Sweid & Sweid launches Dh600 million Banyan Tree Residences in Dubai

UAE-based developer Sweid and Sweid has partnered with global hospitality brand Banyan Tree to develop the first Banyan Tree Residences in the Middle East, with an estimated development value to the tune of Dh600 million.

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Dubai starts exploratory works for Dh12.5 billion sewage tunnel project

Dubai Municipality has begun exploratory work for a major new sewage treatment system as part of the broader development of a modern city infrastructure to accommodate continued population growth.

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Dubai Land Department Launches the Second Edition of the Gulf Real Estate Awards

The Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), and Awards International, have launched the second edition of the Gulf Real Estate Awards, which targets all companies operating in the real estate sector in the GCC.

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Construction of Dh21 billion Royal Pearls starts with 10% works complete

Construction of the Dh21 billion (US$5.72 billion) Royal Pearls, being developed by Oriental Pearls Real Estate Developers, is making steady progress with 10 per cent of phase One already complete, a company statement said.

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