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Gulf Sotheby’s brokers Dh100m villa sale at Emirates Hills

Gulf Sotheby’s International Realty, alongside its strategic partner, Bellevue, recently closed the highest property transaction ever recorded at Dh100 million for an Emirates Hills villa. The villa spans across 42,000 square feet and houses eight en-suite bedrooms along with entertainment areas and is regarded as one of the most well-built and intricately designed luxury homes in Dubai.

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UAE’s Per Capita Energy Consumption Among Highest in the World: IMF

Per capita energy consumption in the UAE is amongst the highest in the world, according to the International Monetary Fund (IMF).

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UAE Economy expected to bounce back: IMF

The UAE’s economic activity is expected to strengthen gradually in the coming years, the International Monetary Fund (IMF) said in a latest report

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Khidmah plans to go international with footprint in Europe

Khidmah, an Abu Dhabi-based fully integrated property management service provider, plans to enter the East European market in future, a senior official said

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Swiss-Belhotel plans to deliver 3,500 rooms in the Middle East

Swiss-Belhotel International (SBI), a global hotel management company with over three decades of strong track record, will deliver 3,500 rooms currently under development in key markets such as Jordan, Egypt and Bahrain, a company statement said.

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Gulf hospitality project value exceeds US$148.4 billion in Q1 2017

The total value of 1,153 hospitality projects exceeded Dh544.62 billion US$148.4 billion in the first quarter of 2017, according to BNC Network, – the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region.

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Indian real estate sector at crossroads

India’s real estate market is at a critically ‘interesting’ turn at the moment, treading the fine line between a slump and a revival. While at the moment its fortunes seem bleak and sluggish, experts predict that it will soar and grow at a phenomenal rate in no time

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Interest rates, credit constraints and rent declines belie recent stability

Interest rates, credit constraints and rent declines belie recent stability in Dubai’s estate market, a latest report by Phidar Advisory, said on Monday. The report shows nominal to moderate declines in quarterly price and rents, and a softening of projects.

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Al Zahia launches Al Lilac, its newest neighbourhood

Sharjah Holding PJSC, a strategic partnership between the government of Sharjah and Majid Al Futtaim Properties, announced that Al Zahia, Sharjah’s award-winning, master planned community has launched the Al Lilac neighbourhood.

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Interest rates, credit constraints & rent declines belie recent stability,

Phidar Advisory released its Dubai residential research note for March, on Monday. The report shows nominal to moderate declines in quarterly price and rents, and a softening of projects.

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