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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Passenger-carrying drone to fly in Dubai
Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of this futuristic city-state in July. The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic, sail-shaped Burj al-Arab …
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UPDATE 1-UAE's Aldar Properties expects lower 2017 sales after flat Q4 profit
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's Aldar Properties forecasts lower 2017 sales
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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Tenants have it their way in Abu Dhabi’s rental leases
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 2016 net profit surges to $762m
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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Abu Dhabi rents continue to drop under market pressures
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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Aldar Properties : proposes 11% dividends for 2016
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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Aldar Properties reports an 8% increase in net profit to AED2.8 billion for 2016
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 awards car parking contract for Midfield Terminal Complex
Abu Dhabi Airports has awarded a five-year car parking contract … shopping malls, universities, hospitals and property developers.
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This drone could be ferrying passengers through Dubai’s futuristic skyline as soon as July
Up, up and away: Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of this futuristic city-state in July. The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic …
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Dubai announces passenger drone plans
Media captionThe drone was first unveiled at the CES tech fair in 2016. A drone that can carry people will begin “regular operations” in Dubai from July, the head of the city’s Roads and Transportation Agency has announced at the World Government Summit.
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Abu Dhabi’s New $125 Billion Sovereign Fund Is Taking Shape
Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds — Mubadala Development Co. PJSC and International Petroleum Investment Co. The combined entity, which will be known as Mubadala Investment Co., will become the …
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Tesla Superchargers Launches In UAE Sooner Than Expected, Details Here!
In other news, The National reported that the launch will pave the way to increase sales of electric vehicles in the region. In fact, Musk announced that they are expected to finalize deals with major hotel operators in Abu Dhabi and Dubai to install Tesla …
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Dubai aims to launch hover-taxi by July
DUBAI has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July. The test of the one-man electric vehicle comes as the city state in the United …
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Top Dubai developer targets Kenya’s super rich with its Sh22bn property
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 Manager – Dubai Jobs
• 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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