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New laws, strong fundamentals big boost to UAE real estate market
ABU DHABI, February 15, 2021 The completion of ongoing infrastructure projects in the UAE along with various supportive measures launched by the government in 2020 to revive the economy will have a positive impact on the real estate market going forward, according to leading real estate advisors Savills. Abu Dhabi witnessed a positive momentum at the beginning of 2020 following the important government measures including the opening of the market to foreign investors allowing them to buy property and land within designated zones, stated Savills in its latest research report analysing the state of the UAE real estate market.
Jon S Baird s film Stan & Ollie won a Bafta for the Peterhead director.
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It was a film which featured two of history’s most beloved comedy stars and re-created some of their famous routines with genuine love and warmth.
Although a few eyebrows were raised at the news that Peterhead-born Jon S Baird was directing the movie project about Stan Laurel and Oliver Hardy – his previous work Filth, an adaptation of Irvine Welsh’s controversial novel, chronicled the lead character’s descent into drink, drugs and debasement – nobody should have worried that the Scot might bring similar notoriety to old Hollywood.
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Stimulus packages and foreign investment provided a boost amid the Covid-19 pandemic By V.L. Hendrickson |
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More signs point to a rebound in the United Arab Emirates real estate market, following a major disruption to home sales during the Covid-19 pandemic and the economic shutdowns it caused, according to a report Monday from Savills on the cities of Abu Dhabi, Dubai and Sharjah.
“The introduction of stimulus packages by the Central Bank was a shot-in-the-arm to the property market once lockdown restrictions were eased,” Steven Morgan, CEO at Savills Middle East, said in the report. “We witnessed a gradual increase in demand, especially across the residential sector in [the second half of] 2020.”
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