iPhone | iPad
Android
Huawei
Some tickets were relisted on resale sites for as much as Dh38,581
KT APPDOWNLOAD
UAE Annual Real Estate Profits Range Between 8-14 pc
DUBAI — Annual real estate profits in the UAE range between 8 to 14 per cent, as compared to 4 per cent in other markets, said Eng. Khalid Esbaitah, Managing Director and CEO of Al Mazaya Holding. This shows that this market will continue to attract investments for many years to come, he added.
He further said: "There are three factors that form the major constituents that any successful investment relies on; firstly population growth, individual income second, and third, and most importantly, the solidity of the country's economy to achieve economical growth, liquidity flow and income diversity. UAE has all these three factors".
Esbaitah considered that the current decline in oil prices will not affect the different investment activities, including real estate investments, in the short term. This is because the investment sector has profited greatly from the leap that the oil sector has witnessed during the last while, says a Press release.
About the real estate sector, Esbaitah said: "Gulf and UAE markets, and especially that of Dubai, have a strong economy, high liquidity flow and remarkable growth rates."
He stressed the importance of decisions that RERA has taken in the form of items 8 and 13, which has regulated market activities, attracted foreign investment and increased investors' trust in the real estate sector. He also pointed out that the Government of Dubai's decision to guarantee bank deposits has attracted foreign money and recovered a lot of local capital working outside the country, to be used for projects in the UAE.
More news from
Here's a list of the places you can go; entry is free to most of them
Some of the survivors were still recovering at hospitals while others were already in their homes
The vaccines will be flown to Democratic Republic of the Congo, Nigeria, South Africa, Ivory Coast and Cameroon
‘My current position is, to be honest, beyond all my pre-tournament expectations,’ said the tournament host
The confirmed case involved a 51-year-old man, who is currently in stable condition and undergoing treatment
Regarding the possibility of elections in the violence-hit country, the foreign affaires adviser said there would be more clarity on the timeline by September
The Zurich-based body said it has now moved the assessment to October