Business Blog

Realty funds outflow from region could be USD180bn

Despite all of the off-plan launches and projects that have been happening in Dubai and elsewhere in the Gulf, Middle East investors parked a substantial USD 13 billion in overseas commercial property last year and nearly double of what it was in 2012.

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Travellers urged to take care of their own health

About 50% of the people who travel for a month or so might develop some kind of illness, cautioned a physician dealing with travel related illnesses.

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Saudi Arabia sees record e-commerce transactions

Saudi Arabia had a 43 percent increase in e-commerce for the first quarter of 2014, as compared to the same period from 2013, according to estimates from Visa.

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DIFC hikes property registration fee from 3.5% to 5%

The Dubai International Financial Centre (DIFC) Authority has hiked freehold transfer fee for properties from 3.5 per cent to 5 per cent from April 1.

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Mideast investors to spend USD180 bn in global real estate markets over next decade

Middle Eastern investors are expected to spend USD180 billion in commercial real estate markets outside of their own region over the next decade.

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Revealed: Which professions on 'watch list' for home loans in UAE

Getting a home loan in the UAE is not that easy for every professional. Particularly if one is a lawyer, diplomat, real estate agent and employee of a construction firm.

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