Category: PROPERTY

The property market in Dubai is on the up due to an increase in projects throughout the sector. The Dubai Land Department has revealed that the volume of investment in local real estate during the first half of 2016 reached $7.6 billion. As well as …
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Under the terms of the agreement, Aldar Academies, a unit of Abu Dhabi-based developer Aldar Properties, will operate Adnoc’s schools in Sas Al Nakhl, Ruwais, Madinat Zayed and Ghayathi, beginning in September. The financial value of the agreement was …
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The Dubai property market is one of the most reliable in the world. According to the Dubai Land Department, the volume of investment in local real estate during the first half of 2016 reached $7.6bn. The great attractions for investors are economic …
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Ever since interest rates were slashed to near zero in the wake of the financial crisis, the world has gone property mad. Residential house prices from Abu Dhabi to Zurich have spiralled as hot money travelled the world looking for a home. For those who …
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DUBAI May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group’s chief finance officer said. Supply of such properties in …
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Dubai Healthcare City (DHCC) said it has signed a partnership agreement with Swiss Property, a boutique real estate developer, to increase wellness residential capacity in the free zone’s Phase Two expansion at Al Jaddaf in Dubai, UAE. As per the …
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DUBAI Dubai’s Emaar Properties EMAR.DU, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations. The developer, in which Dubai’s government owns a minority stake …
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RSG International has signed a management agreement with Rotana, one of the leading hotel management companies in the region with the hotels across the Middle East, for a new four-star hotel in Dubai. The property will be located at a prime location on …
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Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by …
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It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
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It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
( read original story …)

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Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a small drop in first quarter profit on Tuesday but beat analysts forecast. Aldar made a net profit attributable to shareholders of Dhs637m ($174m) in the three …
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ABU DHABI May 9 Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a small drop in first quarter profit on Tuesday but beat analysts forecast. Aldar made a net profit attributable to shareholders of 637.0 million …
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Dubai: Aldar Properties pulled out higher revenues (up 28 per cent to Dh1.58 billion) and gross profit (a gain of 39 per cent to Dh753 million) for the first three months of 2017, in a performance markedly different from the slowdown in Abu Dhabi’s …
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Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a 39 per cent increase in its gross profit for the first quarter ended March 31, 2017, which surged to Dh753 million ($205 million) from Dh542 million ($148 million …
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Real-estate master developer Dubai Properties (DP) has announced that SEIDCO General Contractor is to work on the Bellevue Towers residential development. The contract is worth more than AED200 million ($55 million), according to a statement by the developer.
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Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island …
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