(MENAFN) Abu Dhabi-based Aldar Properties said it has signed a USD1.09 billion credit facility deal with a local lender in a bid to help the struggling developer manage its liquidity needs, Reuters … (read more here…)
Deal will allow firm to manage 3 years of working capital and liquidity requirements (read more here…)
Abu Dhabi, April 17 (IANS/WAM) An island resort in the United Arab Emirates (UAE) has come up with a residential complex where people will be able to rent an apartment for three years, and at the end of the lease period choose an option to own it. (read more here…)
DUBAI – Emaar Hospitality Group, the hospitality & leisure subsidiary of Emaar Properties, has announced plans to strengthen its footprint across global growth markets in 2012, flagging off with the signing of a management contract by its flagship hotel brand, The Address Hotels + Resorts, to operate The Address Marassi Golf Resort & Spa...
DUBAI – Emaar Properties, developer of the world’s tallest tower, expanded its board of directors to 11 members from eight and replaced four. (read more here…)
(04-16) 09:19 PDT DUBAI, United Arab Emirates (AP) — Qatar signed a deal Monday to buy the operator of four luxury resorts and other properties on the island of Sardinia as the wealthy Gulf emirate looks to bolster… (read more here…)
(MENAFN) Dubai-based developer Nakheel reported a 33 percent increase in profits to USD348 million in 2011, Arabian Business reported. The Gulf emirate-owned company also reported USD1.09 billion … (read more here…)
Dubai developer claimed it was owed money for construction on gifted land (read more here…)
Jones Lang LaSalle study says residential property prices have bottomed out, while sales have started to stabilise (read more here…)
