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Nakheel to scale up its multibillion dirham contracts for 2017

Plans to award an additional Dh2b worth of tenders against earlier estimate of Dh10b DUBAI: Nakheel expects to award Dh12 billion worth of construction tenders this year — Dh2 billion higher than what it had projected at the start of 2017. This includes those to build the Dh5 billion Deira Boulevard, a cluster of apartment…

Sugar-coated off-plan properties emerge buyer favourite

Developers are edging out individual sellers with competitive pricing and payment plans Off-plan sales are currently taking the wind out of the sails of ready property transactions in Dubai. This is a result of competitive pricing and creative payment plans by developers to attract investors and end-users. With a large volume of units at their…

World record in Dubai for longest selfie stick

ITP Live, the social influencer division of ITP Media Group, broke an official Guinness World Record on Wednesday night for the “picture taken with the world’s longest selfie stick”. The record was broken at the official ITP Live launch party at the Viceroy Palm Jumeirah Dubai hotel. The title had previously been held by Blasteem’s…

Is Goods and Services Tax bad for home buyers, tenants?

Monthly installments on home loans taken for under-construction houses will attract GST from July The Lower House of India’s Parliament has cleared four bills in preparation of the upcoming rollout of the Goods and Services Tax (GST) regime: Integrated GST, Central GST, Union Territory GST and Compensation Bill. This sets the stage for states to…