BRIEF-Abu Dhabi’s Aldar Properties Q2 profit falls

* H1 NET PROFIT ‍ 1.26 BILLION DIRHAMS VERSUS 1.31 BILLION DIRHAMS YEAR AGO * 1.8 BILLION DIRHAMS DEVELOPMENT SALES VALUE IN FIRST SIX MONTHS WITH 600 MILLION DIRHAMS CONTRIBUTION FROM SUCCESSFUL LAUNCH OF BRIDGES Source:(bit.ly/2wnrRyL) Further ... ( read original story ...)

Aldar Properties gross profit up 5pc in H1

Abu Dhabi-based Aldar Properties, a leading property development company, has posted a gross profit of Dh1.29 billion ($351 million) for the first half (H1) of 2017, as against Dh1.23 billion in H1 2016, marking a rise of five per cent. The company ... ( read original story ...)

Aldar Focuses on Mid-Market Properties as Quarterly Profit Drops

Aldar Properties PJSC plans to develop more mid-market residential homes in Abu Dhabi and focus on boosting recurring income, its chief financial officer said after second-quarter revenue tumbled. The builder of the Ferrari theme park posted a 5.7 percent ... ( read original story ...)

How an investor can ride the Dubai property cycle

Investment. Property. Real estate. Timing. Vocabulary that is eminent in Dubai, and given the expanse of widespread analysis about the real estate market at the moment, there is need to deliberate on the significant phases that Dubai's realty market is ... ( read original story ...)

Dubai homes have room to grow

This translates into more choice for tenants and, consequently, lower rents. Property consultants Cavendish Maxwell estimate 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses ... ( read original story ...)

Cavendish Maxwell opens office in Oman

Cavendish Maxwell, the UAE-based property consultancy, is strengthening its Middle East presence with the opening of a new office in Muscat, Oman. It marks another key milestone for the firm following the successful relocation of its Abu Dhabi office in ... ( read original story ...)

Buying in blue chip triggers late recovery in Dubai index

Emaar Properties witnessed buying in the last hour of trade, triggering a recovery in the Dubai index. The Abu Dhabi index jumped 1 per cent on buying in banking stocks. The Dubai Financial Market General Index closed 0.32 per cent higher at 3,660.94 ... ( read original story ...)