UAE property market has slowed due to maturity

The UAE’s property market will continue to see an average softening of prices and rental rates in 2018, though experts believe this will bring the Emirates more in line with global norms. With investors become more willing to accept lower yields, and ... ( read original story ...)

Emaar’s Dubai property sales jump 25% to Dh18 billion

(MENAFN - Khaleej Times) Dubai - Emaar Properties 2017 net profit jumped to Dh5.7 billion as against Dh5.23 billion in the previous year, an increase of nearly nine per cent. It recorded a net operating profit of Dh5.704 billion ($1.553 billion) during ... ( read original story ...)

Abu Dhabi’s Aldar Properties Q4 profit tumbles

Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported an 80 per cent fall in fourth-quarter profit due to a one-time charge, its chief financial officer said on Thursday. Aldar made a net profit attributable to owners of ... ( read original story ...)

Abu Dhabi’s Aldar reports 34% growth in 2017 underlying profit

Aldar Properties has released details of its 2017 financial performance, announcing a 34% hike in its underlying gross profit for the year. In a statement, the Abu Dhabi-headquartered property developer revealed that its 2017 underlying profit reached $ ... ( read original story ...)

Dubai’s Emaar Properties sees Q4 profit dip amid higher costs

Emaar Properties reported a 16 per cent slide in fourth-quarter net profit on Wednesday as costs weighted on Dubai’s largest listed developer. Emaar’s weak performance follows results from fellow developer Damac Properties earlier, which showed a ... ( read original story ...)

Dubai property firm Damac Q4 profit plunges 47%

Dubai's Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came as Dubai, its core property ... ( read original story ...)

Dubai property firm DAMAC Q4 profit plunges 47 pct

DUBAI, Feb 14 (Reuters) - Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came ... ( read original story ...)

Dubai property firm Damac sees Q4 profit dip 47%

Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 per cent drop in fourth-quarter profit, while full year profit dropped by 25 per cent. The results came as Dubai, its core ... ( read original story ...)

Dubai realty gets Chinese boost

UAE real estate, particularly that of Dubai, is steadily gaining interest among savvy Chinese investors. This extends to the brick-and-mortar assets, contracting industry as well as construction finance. The Chinese were the fourth most active real estate ... ( read original story ...)