The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property …
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UAE: Real Estate Tycoon Reports Widening Losses as Sales Almost Halve
Damac, the Dubai developer behind some of the emirate’s glitziest property projects, reported a widening first-quarter loss as sales almost halved.
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A mixed bag? How Dubai property rental rates have changed in Q1 2021
Rents for apartments across Dubai have started to increase following months of persistent decline, as sentiment in the market continues to improve, according to a new report. Asking rates for …
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Reportage Properties sales grow 200% in 4 months
Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dh500 million since the beginning of 2021, with a growth rate of more than 200% compared to the first …
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Dubai’s Union Properties announces $1.5m Q1 profit
Developer revealed accumulated losses at almost $545m attributed to twin shocks of real estate market decline and Covid-19 pandemic …
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Dubai’s DAMAC Properties lifts sales but first-quarter loss widens
Dubai developer DAMAC Properties’ on Sunday posted a first-quarter net loss of 189.6 million dirhams ($51.6 million), widening from 106.1 million dirhams a year earlier despite a pick-up in sales.
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Dubai-based DAMAC Properties’ Hussain Sajwani warns of slow market recovery
The recovery of the UAE real estate market from the COVID-19 pandemic will take at least 12 to 24 months, according to Dubai developer DAMAC Properties’ chairman Hussain Sajwani. His firm reported a …
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Dubai’s property market splits as villa and apartment demand diverges
Apartment and villa property markets in Dubai were polarised during the first three months of 2021 as investors sought out larger properties amid the ongoing coronavirus pandemic. According to real …
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At 293 Metres, Address Beach Resort Dubai’s Infinity Pool Is World’s Highest
From Macao having the world’s tallest bungee jump to the Philippines being home to the world’s largest eagle, Asia is no doubt the place for extremes. So if you’re exploring the continent and looking …
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Top Dubai property developer Emaar says net profit rises 8 pct in first quarter
Dubai’s largest property firm Emaar Properties reported an 8 percent rise in first-quarter net profit on Monday.Emaar made 657 million dirhams ($179 …
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Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y
Dubai developer Emaar Properties said on Monday that its group property sales in Q1 2021 were $1.937bn, up 83 per cent compared to $1.058bn it reported in Q1 2020. The developer’s Q1 2021 revenue …
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Aldar Properties’ net profit surges 80% to $148.12 million in Q1 2021
Net profit jumped to 544 million dirhams ($148.12 million) in the quarter that ended March 31, from 302 million dirhams in the same period a year earl..
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Top Dubai property developer Emaar says net profit rises 8 pict in first quarter
Dubai’s largest property firm Emaar Properties reported an 8 percent rise in first-quarter net profit on Monday.Emaar made 657 million dirhams ($179 …
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Franklin Templeton’s Shamma on Recovery in Dubai’s Property Market
Salah Shamma, Franklin Templeton, Head of MENA Equities discusses Dubai’s real estate outlook. He says the current backdrop will continue to support the momentum in the sector as investors continue to …
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Dubai shares gain amid property recovery optimism
Stocks in Dubai were among the biggest gainers across the Middle East amid optimism that Emaar Properties earnings may point to a wider recovery in the emirate. The Dubai Financial Market General …
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Abu Dhabi outperforms as most Gulf markets gain
DUBAI: The Abu Dhabi stock market ended higher on Sunday, outperforming other Gulf markets, while the Dubai index …
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Abu Dhabi’s Story Hospitality launches new 4-star lifestyle brand
Story Hospitality, an integrated and innovative hospitality management platform based in Abu Dhabi, has announced the launch of its contemporary four-star lifestyle brand, CUE Hotels. The hotels under …
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