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Category: PROPERTY

Posted on 15/11/2018

Dubai’s Emaar Properties reports 29% fall in Q3 2018 profit

The developer of the Burj Khalifa, the world’s tallest building, did not say why profit fell, though Dubai’s property market has been suffering from a prolonged downturn.REUTERS | November 15, 2018, 0…
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Posted on 15/11/2018

From Real Estate to Aviation, It’s Been a Tough Week for Dubai

It’s a week Dubai companies would like to forget. The biggest of them, in real estate and aviation — industries underpinning the economy of the Middle East business hub — posted lower profits. The b…
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Posted on 15/11/2018

UPDATE 1-Aldar Properties profit drops 30 pct, hit by higher costs

ABU DHABI, Nov 15 (Reuters) – Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 30 percent fall in third-quarter profit due to higher costs and the lack of governme…
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Posted on 15/11/2018

A weekend getaway at Abu Dhabi’s Bab Al Qasr hotel

Guests in rooms facing the front of the five-star property also enjoy spectacular views over the Abu Dhabi Presidential Palace and the nearby coastline. After being checked-in by the attentive …
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Posted on 15/11/2018

Abu Dhabi’s Aldar reports 30% fall in Q3 profit

Abu Dhabi developer Aldar Properties reported a 30 per cent dip in third quarter profit on Thursday as a slump in the emirate’s real estate marked continued. Aldar’s profit attributable to its …
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Posted on 14/11/2018

Dubai chases more UK property investors with third London show

Dubai Land Department (DLD) will launch the third edition of the Dubai Property Show in London on Friday as the emirate looks to lure more British real estate investors. The show, which runs from Nove…
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Posted on 13/11/2018

Damac chief confident of Dubai property market recovery by 2021

DUBAI: One of the UAE’s leading property developers believes that the property market will pick up again by 2021. Hussain Sajwani, the billionaire founder and chairman of Dubai-based Damac Properties, …
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Posted on 13/11/2018

NOW OPEN: THE ABU DHABI EDITION IS THE FIRST BOUTIQUE HOTEL IN THE CAPITAL

There is a new world to discover at The Abu Dhabi Edition Hotel in Abu Dhabi We felt very privileged this week to have a sneak peek at a gorgeous new property in Abu Dhabi, the first of its kind bouti…
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Posted on 13/11/2018

Abu Dhabi’s Aldar awards main contract for $2.7bn Alghadeer

… agreement for $2.7bn Alghadeer development | Aldar inks deals for two plots in $2.7bn Alghadeer masterplan Abu Dhabi-listed Aldar Properties has awarded a main construction contract for its “susta…
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Posted on 13/11/2018

Aldar awards construction contract for mega Abu Dhabi project

Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the fi…
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Posted on 12/11/2018

DLD organises Dubai Property Show – London

Dubai, United Arab Emirates: Dubai Land Department (DLD) is proud to organise the third edition of the Dubai Property Show to London from 16 – 18 November 2018. The three-day show will bring leading r…
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Posted on 12/11/2018

Dubai launches New York office as it chases more US property investors

The office will work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors. Dubai Land Department (DLD) has inaugurated …
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Posted on 11/11/2018

Dubai Land Department opens real estate office in New York

DUBAI, 11th November, 2018 (WAM)—The Dubai Land Department, DLD, has opened a real estate promotion office in New York, in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of Maji…
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Posted on 11/11/2018

DLD, ADGM in deal to promote Dubai real estate

The Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM). The MoU was signed by Sultan Butti bin Mejren, directo…
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Posted on 11/11/2018

Dubai Land Department inaugurates real estate promotion trustee office in New York

Dubai, United Arab Emirates:Dubai Land Department (DLD) inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of HE Maji…
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Posted on 10/11/2018

A cityscape in flux: The outlook for the UAE property market

These included Dubai’s Union Properties, which announced the Dhs2.5bn ($680.6m) Avenue District – a 2 million square feet project within its Motor City master development that includes One …
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Posted on 09/11/2018

Sales, prices and rents fall in Abu Dhabi in third quarter of 2018, latest data shows

Property sales in Abu Dhabi fell in the third quarter of 2018 as demand fell while residential prices and rents also declined, according to the latest index report. The data from the Asteco market rev…
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