… attract penalties from both the Dubai Municipality and the economic department {Dubai Economy} if they are caught violating this rule, a senior official told Gulf News on Wednesday. In notices posted at salons and women’s beauty centres, the …
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Aldar Properties Announces 5% Increase in Gross Profit for H1 2017
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5% increase in gross profit to AED 1.29 billion …
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UPDATE 1-UAE’s Aldar Properties Q2 net profit falls 5.6 pct on lower revenues
ABU DHABI, Aug 3 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a 5.6 percent drop in second-quarter profit on Thursday amid a double-digit drop in revenue. The results come against a backdrop of a …
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BRIEF-Abu Dhabi’s Aldar Properties Q2 profit falls
* H1 NET PROFIT 1.26 BILLION DIRHAMS VERSUS 1.31 BILLION DIRHAMS YEAR AGO * 1.8 BILLION DIRHAMS DEVELOPMENT SALES VALUE IN FIRST SIX MONTHS WITH 600 MILLION DIRHAMS CONTRIBUTION FROM SUCCESSFUL LAUNCH OF BRIDGES Source:(bit.ly/2wnrRyL) Further …
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Aldar Properties gross profit up 5pc in H1
Abu Dhabi-based Aldar Properties, a leading property development company, has posted a gross profit of Dh1.29 billion ($351 million) for the first half (H1) of 2017, as against Dh1.23 billion in H1 2016, marking a rise of five per cent. The company …
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Aldar Focuses on Mid-Market Properties as Quarterly Profit Drops
Aldar Properties PJSC plans to develop more mid-market residential homes in Abu Dhabi and focus on boosting recurring income, its chief financial officer said after second-quarter revenue tumbled. The builder of the Ferrari theme park posted a 5.7 percent …
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How an investor can ride the Dubai property cycle
Investment. Property. Real estate. Timing. Vocabulary that is eminent in Dubai, and given the expanse of widespread analysis about the real estate market at the moment, there is need to deliberate on the significant phases that Dubai’s realty market is …
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Abu Dhabi traffic accident deaths down 19pc in H1
the official Emirates news agency, citing the General Command of the Abu Dhabi Police. Colonel Ahmed Al Shehhi, deputy director of the Traffic and Patrols Department at the Abu Dhabi Police, said that the improvement in the levels of traffic safety in the …
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Dubai homes have room to grow
This translates into more choice for tenants and, consequently, lower rents. Property consultants Cavendish Maxwell estimate 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses …
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Cavendish Maxwell opens office in Oman
Cavendish Maxwell, the UAE-based property consultancy, is strengthening its Middle East presence with the opening of a new office in Muscat, Oman. It marks another key milestone for the firm following the successful relocation of its Abu Dhabi office in …
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Senior Controls and Risk Specialist – Menasa And Partners – Dubai Jobs
Our client is a reputable property developer who is involved in developing prestigious property projects, both commercial and residential within the UAE. They are looking for a Senior Controls and Risk Specialist to join them who will take a leading role …
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Next Up: Abu Dhabi – China’s Maritime Silk Road Breaks Into The Middle East
China just signed a $300 million deal with Abu Dhabi to build a manufacturing operation in its emerging Khalifa Free Trade Zone — an endeavor which nicely compliments the nearby sea terminal that China’s COSCO took over at the end of last year.
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Abu Dhabi plastics sector creates $55bn investment opportunities
the Emirates official news agency. “Among its multifaceted strategic objectives, Abu Dhabi Economic Vision 2030 lays a special focus on non-oil sectors as part of the economic diversification programme which is premised to ensure a sustainable development …
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Dubai Formation: Business Set Up In UAE
Dubai is the best Emirate for a business set up in UAE. The East and West blend quite happily, side by side in Dubai’s social arena. Dubai has branded itself as the most happening place for tourists with its dozens of signature restaurants and trendy hotels.
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Raju Omlet: a case study in Harvard Business Review
Dubai: In a first for the UAE, a local restaurant chain has earned the distinction of being featured as a case study in the prestigious Harvard Business Review (HBR). With three outlets across Dubai (Karama and Al Quoz) and Sharjah (Safeer Mall), and two …
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Dubai Aquarium big screen breaks Guinness records
Dubai: The world’s largest organic light-emitting diode (OLED) screen fastened above the front facade of Dubai Aquarium and Underwater Zoo at The Dubai Mall has been recognised by Guinness World Records, said Emaar Entertainment on Wednesday. In a city …
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Buying in blue chip triggers late recovery in Dubai index
Emaar Properties witnessed buying in the last hour of trade, triggering a recovery in the Dubai index. The Abu Dhabi index jumped 1 per cent on buying in banking stocks. The Dubai Financial Market General Index closed 0.32 per cent higher at 3,660.94 …
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