Friday, August 23, 2019

New regulations for construction firms in Oman

A construction company’s capital should not be less than OMR25,000, and one of the shareholders should be dedicated to the management of the company, according to new regulations.
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Damac Sees Profit Sink 94%

(Bloomberg) -- Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in...
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Emaar, ELIE SAAB Announce Unique Design Collaboration

Luxury has a new destination. ELIE SAAB at Emaar Beachfront, a gated island destination in Dubai, was unveiled at Dubai Opera by Mohamed Alabbar, Chairman...
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Real Estate Developers Are Now Designing With Instagram in Mind

Designer Ryan Korban has always been devoted to Instagram. An influencer himself (with some 137,000 followers), the 34-year-old New School graduate earned his success by designing...
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Dubai property market: Avalanche of New Homes Extends Stubborn Slump

Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit bottom as developers put a...
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Real Estate Transactions Rise 7% to RO776 Million

Real estate market in the Sultanate continues to recover with sales showing a robust growth in the first quarter of 2018, compared to the...
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Damac May Invest Up to $1.3 Billion in London Properties

Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s...
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Traded value of real estate in Oman surges 43.2%

Total traded value of real estate in the Sultanate this year stood in excess of OMR 3.81 billion at the end of November 2015, reflecting a growth of 43.2 per cent, against OMR 2.66 billion recorded in the same period in 2014, according to data released by the National Centre for Statistics and Information (NCSI).
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Emaar’s Talks With Egypt Over New Capital City Project Stall

Talks between Egyptian officials and the Dubai-based Emaar Properties PJSC to develop a 1,500 acre (607 hectares) plot in the new administrative capital have...
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Lamborghini-branded Dubai development by Oriental Pearls

Oriental Pearls and Tonino Lamborghini Sign Multi-Million Dollar Deal to customise upcoming Royal Pearls Real Estate Project. Chinese developer Oriental Pearls has released the first...
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