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The National
3 days ago
- Business
- The National
Dubai property brokers double earnings to $880m in first half of 2025
Dubai's real estate brokerages doubled their earnings to Dh3.23 billion ($879.5 million) in the first half of 2025, riding the momentum in the emirate's robust property sector. The 99.4 per cent year-on-year surge in earnings from Dh1.62 billion in the corresponding period of 2024 was driven by 42,181 transactions completed in the first half of the 2025, the Dubai Media Office said on in a statement on Sunday. More than 6,700 new brokers registered with the Dubai Land Department through the January-June period, boosting the total by nearly a third to more than 29,000, according to government statistics. 'Dubai's real estate brokerage sector recorded a remarkable performance in the first half of this year,' the DMO said. Dubai's property market, which bounced back strongly from the Covid-driven slowdown, has maintained a sharp growth trajectory since. Government measures such as residency permits for retired and remote workers and expansion of the 10-year golden visa programme have boosted foreign investment flows into the emirates property market over the past few years. The robust momentum in the UAE's economy, the Arab world's second largest, driven by the government's diversification efforts have also support the real estate market activity. This month, a new scheme was also launched to help Emiratis and UAE residents, who do not own any freehold residential property in the emirate, get on the property ladder. Under the initiative, first-time buyers will have priority access to new homes from participating developers as well as existing inventory, discounts or limited-time offers on the sales price of off-plan units, flexible payment plans and 'improved' mortgage options with better interest rates, faster approval times and reduced fees. The DLD expects 5,000 more investors to enter the market this year following the initiative. Last week, the DMO said that the volume and value of real estate transactions in Dubai rose sharply in the first half of the year, amid the entry of more than 59,000 new investors into the market, according to DLD data. In a recent report, property consultancy Knight Frank showed that more than 51,000 homes were sold in Dubai in the second quarter of 2025, which was a year-on-year increase of 22.8 per cent, marking a quarterly record amid strong demand from buyers. Total home sales surpassed 94,000, putting the market firmly 'on track to exceed' 169,000 transactions recorded in 2024, it added. On Thursday, Abu Dhabi's Masdar City and the DLD teamed up to , in a bid to boost real estate investment across the UAE.
Time of India
16-07-2025
- Health
- Time of India
Ratlam DRM taken ill during Ujjain railway stn inspection
Ujjain: Ratlam divisional railway manager Ashwin Kumar fell ill during an inspection of Ujjain railway station on Wednesday and was rushed to the ICU of a private hospital in Indore. Kumar was accompanying Western Railway general manager Vivek Kumar Gupta during his tour to inspect the preparations for Simhastha 2028 when he experienced dizziness, nausea, and anxiety, said Ratlam division chief Medical superintendent Dr Ashok Malviya. DMO Dr Rajesh Kumar examined the DRM at Avantika Rest House and found that he had low blood pressure. He was given primary treatment. When his condition did not improve, he was admitted to Avanti Hospital in Ujjain. Kumar was later referred to Bombay Hospital in Indore, where he was admitted to the ICU, Dr Malviya said. "Kumar's condition is stable he is out of danger. He is still in the ICU and unable to speak," the DMO said.
Time of India
16-07-2025
- Health
- Time of India
Son of Nipah victim tests positive in Pkd
Palakkad: The son of the man, who died due to Nipah infection at Changaleeri in Palakkad, also turned positive, in the initial tests at Manjeri medical college, on Wednesday. The 32-year-old son was in close contact with his father during his hospitalisation. One patient from Thachannattukara is undergoing treatment at Kozhikode medical college, while a resident of Kumaramputhur passed away. Additionally, a sample from a patient with suspicious symptoms was sent for testing. Presently, seven people are in isolation at Palakkad govt medical college. A total of 385 people are on the contact list in the district. Of them, 178 are from Thachanattukara and 207 from Kumaramputhur. As part of Nipah prevention efforts, health workers conducted house visits and completed a fever survey in 1,568 homes on Wednesday. District mental health department provided counselling services to 51 people over the phone and the control cell received 42 calls related to Nipah virus spread. Meanwhile, the district medical officer (DMO) has directed that only after seeking expert advice by calling the Nipah control room should one proceed to Palakkad govt medical college for Nipah testing. To implement strict measures in containment zones, an online inter-departmental coordination meeting was held under the leadership of Ottapalam sub-collector Mithun Premraj. A team from National Institute of Virology collected samples from 150 bats and sent them to Pune for testing. The district animal observation team and Mannarkkad RRT collected samples from 9 cattle, 7 goats and a dog within 1km of the Nipah outbreak centre in Kumaramputhur, as reported by animal husbandry department. Since containment zone was declared, ration distribution was directly provided to a total of 872 families. Residents in the containment zone wards of Kumaramputhur, Karakurussi, Karimpuzha panchayats and Mannarkkad municipality must wear masks and avoid unnecessary gatherings, health department said. Police informed that strict monitoring and inspections are ongoing to prevent unnecessary entry and exit to and from these wards. Those who had any contact with the Nipah-confirmed deceased person in Kumaramputhur or those who recall being at the specified location at the time, should immediately inform the Nipah control room number. Residents in containment zones requiring non-critical hospital services can consult a doctor online via e-Sanjeevani. General office services are available from 9am to 5pm.
Time of India
12-07-2025
- Time of India
Illegal sand mining: 80 trucks seized
Patna: The mines and geology department has seized 80 trucks for illegally transporting sand and also imposed a fine of Rs 1.93 crore on them for violating the rules related to sand mining and their transportation, a communique released by the department on Saturday said. The seizure of 80 trucks overloaded with sand was made on Friday during the statewide inspection and raids conducted by the contingents of the department in the areas under the jurisdiction of their districts. The contingents were led by district mines officer (DMO) and mines inspector. The raids conducted as part of special drive (S-drive) were against illegal transportation of wet sand. During the raid it was found that the trucks seized did not have 'chalan (receipt)', and the sand being carried was not covered with tarpaulin sheets. Nor did the trucks have the valedictory 'laal Patti (red marks)' on them. Accordingly, the trucks concerned were seized for the violation of rules and fine worth Rs 1.93 crore was imposed, which was being recovered from them, the communique said.
Time of India
04-07-2025
- Health
- Time of India
Ministers tried to downplay incident, say oppn leaders
Kottayam: Congress intensified its protest against govt over the building collapse at Kottayam medical college hospital wherein a 52-year-old woman was killed. The irresponsible behaviour of ministers led to D Bindu's death, said opposition leader V D Satheesan at Thalayolaparambu on Friday. Satheesan said the ministers' remarks that the building was closed and no one was inside hindered the rescue operation. "Normally, if a hospital building collapses, govt should provide adequate compensation. But in this case, since the rescue operation was hampered by the ministers, govt has more responsibility," he said. He demanded that govt provide compensation of not less than Rs 25 lakh to the family of Bindu, who was killed in the building collapse, and to undertake her daughter's treatment and offer a job to a family member. Satheeshan said health minister Veena George was incapable of continuing in the position as medical colleges and other hospitals in govt sector were facing shortages of medicines and other materials for treatments. KPCC president Sunny Joseph, who visited the MCH and Bindu's house on Friday, termed her death as a "murder" alleging attempts by ministers George and V N Vasavan to downplay the incident. He said the ministers' eagerness to justify themselves following the incident resulted in the loss of life. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like '이것' 부족하면 운동 소용없다.. 갱년기 살찐 진짜 이유 워킹맘 로즈 더 알아보기 Undo He added that Congress would strengthen its protest to save the health sector. "The first phase was protests in front of medical colleges. The second phase of protests will be held in front of taluk district hospitals on July 8," Joseph said. Meanwhile, Puthuppally MLA Oommen on Friday announced a financial aid of Rs 5 lakh to Bindu's family from Oommen Chandy Foundation. Oommen had reached the spot soon after the incident on Thursday. IUML national general secretary P K Kunhalikutty said George should take moral responsibility for Bindu's death, accusing the minister of having handled the situation irresponsibly. In Malappuram, Kunhalikutty said, "It is not the minister's job to simply echo what officials say. Her response was extremely irresponsible. That is why UDF has demanded her resignation on moral grounds." Muslim Youth League activists took out a march from Vadakke Bus Stand area to the DMO office in Thrissur. Police erected barricades but the protesters tried to push the barricades and proceed to the DMO office, led to tense moments. Police then used water cannons to disperse the protesters.
