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Global real estate investment grows 15% to $165bn in Q1, 2018

Global real estate transaction volumes for the first quarter of 2018 came in at US$165 billion, 15 percent higher than the same period last year, with activity underpinned by favourable macro-economic trends in the world’s major economies, according to a latest report by Jones Lang LaSalle (JLL), a global real estate advisory.

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Aldar raises foreign ownership limit to 49%

Aldar Properties (“Aldar”) today announced its Foreign Ownership Limit (FOL) has been increased to 49 percent, from 40 percent, following completion of all regulatory formalities and will be implemented for trading effective today.

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UAE Free Zones handled Dh225.5 billion exports in 2017, nearly a fifth of UAE exports

Exports by companies registered with UAE's free zones amounted to Dh225.5 billion ($61.39 billion) in 2017, a growth of 6.6 percent from the previous year, according to the UAE Central Bank.

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Business conditions in Dubai improve at slowest pace since October 2016

Dubai’s non-oil private sector economy has signaled a slowdown in growth in December 2017.

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Dubai Wholesale City signs deal with China Commodity City Group

Dubai Wholesale City will collaborate with the Municipality of Yiwu City and the Government of Zhejiang Province, the largest shareholders in the Commodities City Group, in terms of investment and business development in the trade, manufacturing and logistical services sectors.

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WIG invests Dh2.6bn to develop 2,700 units

Western International Group, a diversified business conglomerate with interests in electronics, retail, branded garments, household appliances and shopping malls, is developing 16 residential property complexes involving 2,700 apartments with an investment to the tune of Dh2.6 billion, a top company official told Gulf Property.

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Binghatti Developers expands with Dh2 billion future outlays

Binghatti Developers, the real estate arm of Binghatti Holding group of companies, have confirmed their intentions to invest more than Dh2 billion over the next two years on projects

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Stanadyne opens first Middle East facility in Sharjah

Stanadyne, a fuel injection system developer based in Windsor, Connecticut, announced the opening of its first Middle East facility that will produce diesel fuel pumps for Millat Tractors Ltd., an agriculture tractor manufacturer based in Lahore, Pakistan.

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QIA buys Singapore tower for $2.45 bn

Qatar Investment Authority (QIA) has recently acquired Asia Square Tower 1 sold by a BlackRock-advised fund for US$2.45 billion.

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Red Sea Housing acquires Malaysian company

Red Sea Housing Services Co. acquired AM Modular Sdn Bhd, Malaysia, a company that designs and manufactures prefabricated modular buildings.

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