Net profit jumped to 544 million dirhams ($148.12 million) in the quarter that ended March 31, from 302 million dirhams in the same period a year earl..
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Top Dubai property developer Emaar says net profit rises 8 pict in first quarter
Dubai’s largest property firm Emaar Properties reported an 8 percent rise in first-quarter net profit on Monday.Emaar made 657 million dirhams ($179 …
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Franklin Templeton’s Shamma on Recovery in Dubai’s Property Market
Salah Shamma, Franklin Templeton, Head of MENA Equities discusses Dubai’s real estate outlook. He says the current backdrop will continue to support the momentum in the sector as investors continue to …
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Dubai shares gain amid property recovery optimism
Stocks in Dubai were among the biggest gainers across the Middle East amid optimism that Emaar Properties earnings may point to a wider recovery in the emirate. The Dubai Financial Market General …
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Abu Dhabi outperforms as most Gulf markets gain
DUBAI: The Abu Dhabi stock market ended higher on Sunday, outperforming other Gulf markets, while the Dubai index …
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Abu Dhabi’s Story Hospitality launches new 4-star lifestyle brand
Story Hospitality, an integrated and innovative hospitality management platform based in Abu Dhabi, has announced the launch of its contemporary four-star lifestyle brand, CUE Hotels. The hotels under …
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The feel-good factor back to UAE’s residential property sales
During the first three months, the ValuStrat Price Index for residential properties in Dubai was up 0.8% on a quarterly basis, the first time the index had a positive reading since 2014, according to …
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In Abu Dhabi, it’s International Holding Co.’s stock that’s on a hot streak
Abu Dhabi stocks advanced in early trades on Thursday en route to a fourth rise this week, with high-flying International Holding Co. again contributing immensely after posting record first-quarter …
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Aldar picks first start-ups to develop the UAE’s PropTech ambitions
Abu Dhabi developer picks German, Finnish and British firms to participate in Aldar Scale Up accelerator programme …
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Now, you can buy property in Dubai with debit, credit cards
Emaar Development and global digital payment firm Visa have tied up to allow customers in the UAE to buy properties in Emaar projects through their debit and credit cards. Ahmad Al Matrooshi of Emaar …
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Dubai Customs’ IP Protection Efforts Get The UAE Off U.s. Anti-counterfeiting Watch List
The contributions of Dubai Customs toward protection and enforcement of intellectual property (IP) rights have significantly paved the way for a new UAE …
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Wasl Properties Releases ‘Masaken Wasl’ In Al Qusais Onto The Market
Dubai, announced the release of ‘masaken wasl,’ a new project in Al Qusais, onto the Dubai leasing market. The development offers 777 modern and spacious apartments to meet the various needs of …
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Wasl properties launches ‘masaken wasl’ in Al Qusais
Wasl properties has announced the release of ‘masaken wasl,’ a new project in Al Qusais, onto the Dubai leasing market. The …
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Exclusive: Kempinski exits management of Emerald Palace hotel in Dubai’s Palm Jumeirah
Hotel operator Kempinski is no longer managing the ultra-luxurious Emerald Palace Kempinski Dubai in Palm Jumeirah. In a statement to Gulf Business, Kempinski confirmed that the decision, which took …
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Wasl properties launches new 777-unit residential project in Dubai
UAE-based wasl properties has announced the release of its new residential development, ‘masaken wasl,’ in Al Qusais, strategically located between Dubai and Sharjah. The development offers 777 modern …
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Aldar Selects Three Global Proptech Startups For First Edition Of Scale Up Programme
Aldar Properties (‘Aldar’) has selected three PropTech startups as part of the inaugural Aldar Scale Up accelerator programme, which aims to provide a g …
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JP Morgan, FAB poised to win roles on IPO of UAE’s Adnoc drilling unit
IPO could value Adnoc’s drilling business up to about $10 billion Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential …
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