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RAK Properties swings to third quarter loss as revenue plunges

Dubai property

RAK Properties swung to a Dh22.8 million net loss in the third quarter of this year as the company booked provisions and revenues plunged. The Ras Al Khaimah-based developer had posted a net profit of Dh13m in the same period last year, the company said on Sunday in a statement to the Abu Dhabi Securities…

Look: Dubai reaches for next-generation tall, super-tall towers

Dubai: Are Dubai’s developers taking their focus away from heights? Not exactly, when The Tower is being put together at the Creek and on completion overtake the Burj Khalifa by so many metres. (The exact measure of how tall it would be has not been formally revealed to date. The Burj, if you don’t know…

Tips when investing in rental property

Dubai tenancy investment tips

Buying a rental property can be a lucrative proposition as it offers a steady income almost instantly. However, this could turn into a nightmare without proper due diligence. The first thing one needs to do is to check the validity of the title deed and ensure the seller is the real owner of the property….

Look: New ‘Riviera of the Middle East’ opening soon in Dubai

The French Riviera of the Middle East

UAE residents will soon get to enjoy a new waterfront destination that’s inspired by the picturesque coastal communities in the French Riviera and it is set to open before the end of the year. Joining the growing list of seaside venues in Dubai, such as La Mer, The Beach and Marina Cubes, the Creek Marina…