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Meraas to become part of conglomerate Dubai Holding

The combined conglomerate will operate across real estate, tourism, hospitality, leisure and entertainment and investments

EMPG and OLX Group merge MENA and South Asia operations to form $1bn Dubai-based tech company

With this merger, OLX has become EMPG’s largest single shareholder with 39 per cent of shares

Covid-19 impact on the UAE property sector: When will consumer confidence return?

In a post Covid-19 world, the property sector needs to adapt and re-align to meet customer demands and mitigate the long-term effects of the pandemic

Union Properties’ subsidiary begins legal proceedings to claim Dhs1.5bn

The claim is related to a project completed around a decade ago

Saudi suspends two mortgage-support programmes amid crisis

An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31

UAE’s ENBD REIT announces rent relief measures to aid tenants

ENBD REIT would require tenants to provide requisite documents for it to extend adequate rental relief

Abu Dhabi’s Mubadala announces rent deferment for ADGM tenants

This initiative is part of Mubadala’s ‘We Are Dedicated’ campaign, and aims to support commercial tenants

UAE’s Danube Group donates Dhs1m worth of food kits amid virus concerns

Distribution will take place from their warehouse facilities in Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah

Dubai developer Nakheel cuts salaries by up to 50%, CEO steps down

The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000

Dubai World Trade Centre

Dubai’s real estate transactions valued Dhs3.62bn in April 2020

Off-plan transactions constituted 72 per cent of the total deals

Abu Dhabi City United Arab Emirates

Abu Dhabi’s ADQ acquires 100% ownership of National Petroleum Construction Company

ADQ assumed complete ownership of NPCC after acquiring 30 per cent shares previously held by Consolidated Contractors International Company

Discovery Gardens

Dubai Discovery Gardens’ tenants to receive rent deferrals, waivers

Restaurants whose services are restricted to delivery-only are offered a two-month rent-free period for April and May

UAE’s Property Finder goes live with real-time viewings

Live Viewings combines Property Finder’s own technology platforms with YouTube Live to introduce live streaming to the UAE real estate market

UAE’s rental app aims to take landlords entirely online

A new digital dashboard from Urban aims to provide UAE landlords with full oversight into their properties

Dubai Silicon Oasis offers rent waivers, deferred payments to residents, startups and retailers

Existing residential tenants at Dubai Silicon Oasis can now make monthly payments towards their rent

Real estate in Saudi will temporarily slow before growth in the long-term – Savills

Government stimulus packages and previous experience with coronavirus will allow for quick and effective measures to combat slump, says real estate consultancy

‘We made plans if occupancy hit zero. That hasn’t happened’ – Dubai property broker

Four experts in the UAE property sector weigh in on the opportunities that short-team leases are providing in Dubai

Dubai Land Department issues new relief measures for tenants, landlords

RERA and its partners will provide necessary life supplies free of charge to those in need in many projects and freehold areas across the emirate

Dubai records 9.9% rise in Q1 property transactions; top 5 areas revealed

Mortgage registrations have been “consistently higher” this year, finds Property Finder report

Ajman Crown Prince postpones all business fines; announces new economic incentives

The new economic stimulus package provides relief to businesses operating across foreign trade, customs, tourism and real estate sectors

Dubai’s Emaar stalls work on key projects – report

The developer has reportedly suspended projects at Dubai Creek Harbour

Dubai’s Emaar chairman takes 100% salary cut, assures employees ‘this too shall pass’

A new salary structure will be implemented April 1 onwards, until further notice

Dubai developer Nakheel announces Dhs230m relief package, offers rent waivers

It will provide free rental periods for retail and hospitality partners which operate within its malls

Ras Al Khaimah developer announces incentives amid Covid-19 pandemic

The relief package includes initiatives for its mall tenants, freehold owners, residents and customers

Dubai’s Limitless to hire advisers as third restructuring looms

The developer is struggling to repay its debt more than a decade after it rescheduled payments

S&P sees Dubai property prices dropping to levels seen in 2010

The Covid-19 outbreak is adding to the strain on Dubai’s real estate market, says report

How Dubai’s Danube is maintaining balanced growth

Danube Group is focusing on growing its existing businesses, says managing director Anis Sajan

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum

Dubai suspends all residential and commercial property evictions

Imprisonment judgements on all rental-related cases have also been suspended

UAE’s Emaar adopts remote working policy for employees

The company’s customer channels will be operating 24/7

Danube launches affordable project in Dubai with prices starting from Dhs290,000

The project, located in Al Warsan, features 741 residential units and is slated for completion in March 2021