Property developers vie for buyers as Cityscape Global to offer onsite sales for the first time

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Units in Jumeirah Golf Estates’ Al-Andalus Building C, a Mediterranean-inspired collection of affordable luxury apartments and townhouses will be offered on a 30/70 payment plan. (Courtesy Jumeirah Golf Estates)
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J ONE buyers will get a 10 percent discount off of all off-plan sales for their apartment units during Cityscape Global. (Courtesy RKM Durar Properties)
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Aldar’s Water’s Edge project on Yas Island have units that start at Dh480,000. (Courtesy Aldar)
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Units at Tiger Properties’ recently launched fully-furnished O2 tower will start at Dh380,000 and go for a monthly rate of 1.5 percent. (Courtesy Tiger Properties)
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Deyaar will have a 10/90 pricing plan available for down payments at its Midtown project and mortgage payments as low as Dh1,398 per month. (Courtesy Deyaar)
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Asteco’s Anantara properties offer 30 percent cashback guarantee for three years. (Courtesy Asteco)
Updated 07 September 2017
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Property developers vie for buyers as Cityscape Global to offer onsite sales for the first time

DUBAI: Developers would be jostling for buyers when Cityscape Global opens next week in Dubai and marks for the first time that onsite sales would be allowed the region’s largest property show.
Considered as a progressive move to boost the UAE’s property sector, prospective buyers would be able to compare investment options from projects that would be showcased by almost 300 exhibitors at Cityscape Global, and make purchase decisions right on the showroom floor.
Here are some of the Citycape Global deals that would-be buyers can consider:

Jumeirah Golf Estates
Units in Jumeirah Golf Estates’ AlAndalus Building C, a Mediterranean-inspired collection of affordable luxury apartments and townhouses will be offered on a 30/70 payment plan. The plan will be broken down into 5 percent on booking, 1 percent every month during construction, 2 percent for the last installment before handover, and finally 70 percent on handover.

RKM Durar Properties
Located in Burj Khalifa District, the uniquely shaped, two-tower residential project, J ONE will offer a 10 percent discount off of all off-plan sales for their apartment units during Cityscape Global.

Aldar
After the recent launch of their ‘Water’s Edge’ project on Yas Island, Aldar has announced that sales of the project will commence on the first day of Cityscape Global. On offer will be one-, two- and three-bedroom units that start at Dh480,000.

Tiger Properties
For Tiger’s recently launched fully-furnished tower, O2 located in Jumeirah Village Circle, units start at Dh380,000 and go for a monthly rate of 1.5 percent, offering one of the most competitive prices on the show floor.

Deyaar
For their Midtown project, Deyaar is offering units with a starting price from Dh480,000. On top of this, they have a 10/90 pricing plan available for down payments, and boast mortgage payments as low as Dh1,398 per month.

Asteco
A selection of deals will be offered by Asteco, predominantly on their Rahala, Anantara Hotel Studio and Anantara Residence units. A 10 percent cashback is guaranteed for three years on Rahala, while both Anantara properties offer 30 percent cashback guarantee for the same period of time.


OPEC oil ministers gather to discuss production increase

Updated 19 June 2018
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OPEC oil ministers gather to discuss production increase

  • Analysts expect the group to discuss an increase in production of about 1 million barrels a day
  • The officials were arriving in Vienna ahead of the official meeting Friday

VIENNA: The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices.
The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that since late 2016 has cooperated with the cartel to limit production.
Analysts expect the group to discuss an increase in production of about 1 million barrels a day, ending the output cut agreed on in 2016.
The cut has since then pushed up the price of crude oil by about 50 percent. The US benchmark in May hit its highest level in three and half years, at $72.35 a barrel.
Upon arriving, the energy minister of the United Arab Emirates, Suhail Al Mazrouei, said: “It’s going to be hopefully a good meeting. We look forward to having this gathering with OPEC and non-OPEC.”
The 14 countries in the Organization of the Petroleum Exporting Countries make more money with higher prices, but are mindful of the fact that more expensive crude can encourage a shift to renewable resources and hurt demand.
“Consumers as well as businesses will be hoping that this week’s OPEC meeting succeeds in keeping a lid on prices, and in so doing calling a halt to a period which has seen a steady rise in fuel costs,” said Michael Hewson, chief market analyst at CMC Markets UK
The rise in the cost of oil has been a key factor in driving up consumer price inflation in major economies like the US and Europe in recent months.
Already US President Donald Trump has called on OPEC to cut production, tweeting in April and again this month that “OPEC is at it again” by allowing oil prices to rise.
Within OPEC, an increase in output will not affect all countries equally. While Saudi Arabia, the cartel’s biggest producer, is seen to be open to a rise in production, other countries cannot afford to do so. Those include Iran and Venezuela, whose industries are stymied either by international sanctions or domestic turmoil. Iran is a fierce regional rival to Saudi Arabia, meaning the OPEC deal could also influence the geopolitics in the Middle East.