Category: PROPERTY

In the last few years, multinational companies engaged in property development from the Middle East, especially the United Arab Emirates and India have heightened their search for investors from Kenya. Deyaar Development in particular has sighted Kenyan …
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Dubai’s real estate market has kicked off the new year on a positive note with the value of its real estate transactions hitting Dh42 billion ($11.4 billion) in the first 45 days, said a report by Dubai Land Department (DLD). With the transactions value …
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Dubai Properties is not waiting around for the property market to “wake up” — the developer is out to do that on its own. It was the first to come up with off-plan villa launches this year, at its expanding community in Dubailand. And more are on the …
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I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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Dubai Properties is leading the charge for recovery in the villa sales market in Dubai. The developer was the first to announce villa sales this year in La Quinta, phase two of its master community Villanova off the Dubai-Al Ain highway. In a bid to …
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DAMAC Properties Dubai Co., a leading property developer in the Middle East, today announced the financial results for the full year 2016. During 2016, DAMAC recorded revenues of AED 7.16 billion, with gross profit margins at 56%. Net profit for the …
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ABU DHABI Feb 14 Aldar Properties expects lower sales in 2017, its chief financial officer said on Tuesday after the builder of Abu Dhabi’s Formula One circuit reported flat fourth-quarter profit. Net attributable profit fell to 727.9 million dirhams ($ …
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ABU DHABI Feb 14 Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, expects sales of 3 billion dirhams ($816.8 million) in 2017, down from 3.5 billion dirhams in 2016, Chief Financial Officer Greg Fewer said on Tuesday.
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Those looking out for a high-end apartment or villa to rent in Abu Dhabi should be able to get their way, with rates declining by 7 and 10 per cent respectively on these property types during 2016. From a landlord’s perspective, the current situation …
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Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707 million …
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according to the Abu Dhabi Residential Market Update Year in Review 2016 report from leading international property agency Chestertons Mena. “Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market.
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Abu Dhabi – Mubasher: Aldar Properties said its board recommended 11% cash dividends, equivalent to 11 fils per share, for the fiscal year 2016, according to a statement. Total recommended dividend payout stood at AED 865 million for FY16. The company’s …
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We continue to see demand for our destination development strategy to create high quality, well-situated properties in vibrant communities in Abu Dhabi. As a result, our development sales value increased 17 percent to AED3.5 billion in 2016. Regarding our …
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Abu Dhabi Airports has awarded a five-year car parking contract … shopping malls, universities, hospitals and property developers.
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Dubai-based real estate firm Deyaar has pitched camp in the country hoping to lure super rich Kenyans to buy into its Sh22.5 billion ($218 million) property development in Dubai. Deyaar, one of United Arab Emirate’s (UAE’s) largest property development …
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• Property contracts management with tenants by negotiating leases; collecting security deposit. • Accomplishes financial objectives by collecting rents; paying bills; forecasting requirements; preparing an annual budget; scheduling expenditures …
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I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
( read original story …)

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