New homes for Dunne, Distin and Chimbonda


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There was a defensive transfer merry-go-round in the Premier League yesterday as Sylvain Distin, Richard Dunne and Pascal Chimbonda all found new clubs. Following the arrival of Everton defender Joleon Lescott at Eastlands, Manchester City accepted a bid from Aston Villa for, Dunne, 29, previously the club captain. Everton moved quickly to replace Lescott by signing Portsmouth's 31-year-old French centre-back Distin on a three-year deal. Distin follows his defensive partner Sol Campbell out of the club. Campbell signed for Sven-Goran Eriksson's League Two Notts County on Wednesday.

Despite Sulaiman al Fahim's takeover of the club, Portsmouth have now seen three of their best players leave in the summer, with England forward Peter Crouch having moved to Tottenham. They did make their first signing of al Fahim's reign though yesterday, buying striker Tommy Smith from Watford for £1.8m (Dh10.8m). Tottenham defender Chimbonda was last night undergoing a medical at Blackburn ahead of a move to Sam Allardyce's side.

With left-back Stephen Warnock set for a transfer to Villa, manager Allardyce has moved to find a replacement before letting the former Liverpool player leave. Despite the 30-year-old Frenchman, who has extensive Premier League experience after spells at Wigan, Spurs and Sunderland, making his name as a right-back Allardyce believes that he offers options elsewhere. "It is the versatility I have chosen to go with," said Allardyce. "He has huge experience of Premier League football and he is eager and ready to get away from Tottenham because he has not played enough games for them and he just wants to play football."

Middlesbrough manager Gareth Southgate has confirmed that both defender Robert Huth and striker Tuncay Sanli are in talks with Stoke, with a fee of around £11m agreed for the pair. Fulham have completed the signing of South Africa international Kagisho Dikgacoi, 24, from Durban-based Golden Arrows. * With agencies

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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UAE currency: the story behind the money in your pockets
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In criminal cases, you can contact the police for additional support

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Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.