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Dubai Canal project offers new pathways of prosperity

The completion of the Dubai Canal project over the next few months could help to transform the city by opening a waterway, currently stranded in Business Bay, for leisure use and by creating swathes of valuable new real estate. The 3.2-kilometre extension of Dubai Canal from Business Bay to the Arabian Gulf is progressing at…

UAE NRI Alert: Get 11% penalty for project delays

Builders must share project completion date, flat sizes, etc There is good news for non-resident Indians (NRIs) as members of the largest expatriate community in the UAE invest billions of Rupees in Indian real estate every year. Now, the draft rules of the Real Estate (Development and Regulation) Act, 2016 stipulate that developers in India…

Chinese investors hunt for property bargains in Dubai

As Chinese property investors heat up prices in many of the world’s biggest cities, China buyers are now searching beyond traditional hot spots for bargains and higher returns, ranging from land in Dubai to student housing in Manchester. The investors range from wealthy individuals and private equity funds buying residential units to companies and funds…

Dubai World Trade Centre expansion pays off

The Dubai World Trade Centre (DWTC) said it helped to contribute Dh12 billion to the emirate’s economy last year through events and exhibitions. The contribution of big shows hosted by the exhibitions venue equated to about 3.1 per cent of the emirate’s GDP, according to a DWTC report. “With our ongoing capacity investments, we expect…