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Category: PROPERTY

Posted on 13/08/2020

Abu Dhabi’s Aldar second-quarter profit rises 2%

Abu Dhabi developer Aldar Properties reported a 2% rise in second-quarter profit on Thursday. The state-linked builder of Abu Dhabi’s Formula One circuit made …
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Posted on 13/08/2020

Strong second quarter helps Aldar Properties avoid bigger decline in first-half 2020

File picture of an Aldar community model. The Pandemic did cast an impact on first-half 2020 results, but a strong second quarter run was some compensation. Image Credit: Gulf News Archive Abu Dhabi: …
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Posted on 13/08/2020

LuLu wins rights for hypermarket at ‘Riyadh City’ in Abu Dhabi

We are proud to launch our first ever full-fledged hypermarket in. It has always been our goal to make the highest quality …
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Posted on 11/08/2020

Modon signs lease agreement with LuLu Group International

Modon Properties (Modon), mandated by the Government of Abu Dhabi to develop integrated tourism destinations and sustainable residential …
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Posted on 11/08/2020

Dubai property transactions reach February level

Property transaction levels in Dubai in June hit what was previously recorded in February, setting a foundation for recovery of the local …
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Posted on 11/08/2020

UAE stocks post $4.08bln in market cap gains

ABU DHABI – UAE financial markets on Monday posted combined gains … which sent its share up to AED1.42. Aldar Properties rose to AED1.75 and ADQ to AED35. In DFM, Emaar picked up to AED2.67, Emaar …
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Posted on 11/08/2020

Abu Dhabi Real Estate Holistic Property Management

A brief on the holistic property management solutions in the Abu Dhabi real estate sector, and the way it affects property investment.
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Posted on 10/08/2020

RAK Properties reports 15% jump in second-quarter profit on higher revenue

RAK Properties reported a 15 per cent jump in second-quarter net profit after its revenue more than doubled on the back of higher property sales. Net profit for the three months through to June 30 …
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Posted on 09/08/2020

Rediscover Abu Dhabi: 5 of the best hotels for a staycation

The Rediscover Abu Dhabi initiative aims to give residents a chance to reacquaint themselves with the emirate as it slowly reopens, through special deals across dining, entertainm …
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Posted on 09/08/2020

Dubai Land Department launches ‘Green List’ project on ‘Dubai REST’

The project is a new addition to a range of comprehensive services provided by “Dubai REST”, a smart real estate application by the DLD. To benefit from the new service and the existing ones provided …
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Posted on 08/08/2020

Spain’s runaway former king Juan Carlos lands in Abu Dhabi to stay in seven-star bolthole amid corruption scandal

SPAIN’S runaway former king has been pictured getting off a private jet before heading to a £10,000 presidential suite in one of the world’s most luxurious hotels. It’s reported 82-year-old …
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Posted on 08/08/2020

IPL in UAE: Teams prefer beachfront hotels as quarantine of players start

The Standard Operating Procedure (SOP) for all the stakeholders of IPL, issued to the franchises a few days back, calls for water tight restrictions on the players and with this in mind – four of the …
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Posted on 08/08/2020

Dubai offers new service linking property owners with brokers

Green List project is aimed at facilitating contact and reducing complaints about unwanted communication The Dubai Land Department introduced a new service that links real estate owners with brokers …
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Posted on 08/08/2020

Dubai cuts downs on ‘cold calls’ in property sales

Towers in Business Bay, along the Dubai Canal. Dubai Land Department has launched its ‘Green List’ initiative aimed at cutting out all unwanted communications between property owners and brokers.
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Posted on 08/08/2020

Adnoc Considers Stake Sale in $5 Billion of Properties

Abu Dhabi National Oil Co. is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign …
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Posted on 07/08/2020

Dubai’s homeowner rights can be strengthened further

Latest JOP Law closes many gaps, but some updates would come in real handy for buyers Dubai’s recently passed JOP (jointly owned property) Law repealed an earlier one from 2007 and featured some …
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Posted on 07/08/2020

UAE stocks gain $2.23bn on upbeat DFM, ADX markets

UAE financial markets on Thursday posted combined gains of AED8.2 billion ($2.23 billion) in market cap driven by upbeat sentiments following the H1’s positive financial results announced by some of …
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