Dubai Properties sweetens villa deals with…

Dubai Properties is leading the charge for recovery in the villa sales market in Dubai. The developer was the first to announce villa sales this year in La Quinta, phase two of its master community Villanova off the Dubai-Al Ain highway. In a bid to ... ( read original story ...)

Abu Dhabi's Aldar Properties forecasts lower 2017 sales

ABU DHABI Feb 14 Aldar Properties, the state-linked builder of Abu Dhabi's Formula One circuit, expects sales of 3 billion dirhams ($816.8 million) in 2017, down from 3.5 billion dirhams in 2016, Chief Financial Officer Greg Fewer said on Tuesday. ( read original story ...)

Tenants have it their way in Abu Dhabi’s rental leases

Those looking out for a high-end apartment or villa to rent in Abu Dhabi should be able to get their way, with rates declining by 7 and 10 per cent respectively on these property types during 2016. From a landlord’s perspective, the current situation ... ( read original story ...)

Aldar Properties 2016 net profit surges to $762m

Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707 million ... ( read original story ...)

Abu Dhabi rents continue to drop under market pressures

according to the Abu Dhabi Residential Market Update Year in Review 2016 report from leading international property agency Chestertons Mena. “Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market. ( read original story ...)

Aldar Properties : proposes 11% dividends for 2016

Abu Dhabi - Mubasher: Aldar Properties said its board recommended 11% cash dividends, equivalent to 11 fils per share, for the fiscal year 2016, according to a statement. Total recommended dividend payout stood at AED 865 million for FY16. The company's ... ( read original story ...)