Dubai Land Department data showed that investors from India … pumping more than Dh10.89 billion last year in to the emirate’s property sector, followed by Dh8.1 billion by Emiratis, Dh4.92 billion …
( read original story …)
Real estate sector contributed 7.2% to Dubai’s GDP in 2019 says report
The real estate sector contributed 7.2 per cent of Dubai’s GDP in 2019 according to Dubai Land Department’s (DLD) annual report titled ‘Real Estate Sector Performance 2020′. Image Credit: Ahmed Ramzan …
( read original story …)
Property mogul & reality TV star Mohamed Hadid talks cookbooks & kibbeh in lockdown
The global pandemic has triggered a boom in reading, according to the president of the International Publishers Association. #InspireMiddleEast …
( read original story …)
UAE’s Largest Developer on the Prowl for Assets to Boost Income
Aldar Properties PJSC is looking into buying assets that would boost its management units as the largest listed developer in the United Arab Emirates aims to take advantage of strains in the market.
( read original story …)
Billionaire ruler of Dubai wins two-year planning battle to build six-bedroom lodge at his Scottish Highlands estate just yards from family’s home
The Scottish government looks set to approve an appeal from Sheikh Mohammed bin Rashid al-Maktoum to build a six-bedroom lodge on his 63,000 acre Highland estate.
( read original story …)
Aldar Properties profit rises 8% as development business outperforms
Aldar Properties
( read original story …)
Dubai’s DAMAC loses $148.3 million in third quarter
Dubai developer DAMAC Properties
( read original story …)
From Dubai to Malta: Balochistan lawmakers’ own assets and properties worth billions
This was stated in the documents on assets and liabilities of public office holders issued by the Election Commission of Pakistan (ECP). Jam Kamal also owns properties worth Rs720 million and Rs840 …
( read original story …)
Dubai’s Emaar Properties posts 58% slump in net profit for Q1-Q3 2020
Dubai developer Emaar Properties recorded Dhs2.43bn in net profit for the first nine months of 2020, slumping 58 per cent from Dhs5.81bn recorded during an year-earlier period. Meanwhile, the …
( read original story …)
Damac Properties slips into massive Dh931m loss in first nine months of 2020
Dubai: Damac Properties has slipped into a Dh931 million loss for the first nine months, as Dubai’s property market feels the full impact of the COVID-19 on demand. Last year, it had a profit of Dh132 …
( read original story …)
Dubai’s DAMAC loses $148.3 mln in third quarter
Dubai developer DAMAC Properties on Thursday reported a 544.6 million dirham ($148.3 million) third-quarter loss, warning a recovery from the coronavirus crisis was possibly still some time away.
( read original story …)
Dubai’s Emaar reports nine-month profit almost cut in half
Dubai’s largest listed developer Emaar Properties reported on Wednesday a near halving in profit for the first nine months of the year, while its chairman said he was “cautiously optimistic” about the …
( read original story …)
Real estate trends: Dubai’s home sales fall; decline in property prices slows down
The decline in Dubai’s residential values showed signs of decelerating in October, but sales of home units have somewhat slowed down, a new report has revealed. The average capital values for the …
( read original story …)
144 floors of 4 towers in Abu Dhabi to be demolished in 10 seconds. Here’s why
Abu Dhabi: The Department of Municipalities and Transport (DMT) has launched phase two of a comprehensive renovation plan to redevelop designated areas of the iconic Mina Zayed area, and transform it …
( read original story …)
Dubai: Dh500 fine for misusing balcony
Residents in Dubai have been warned against the misuse of balconies as they can be fined Dh500 for not complying with the rules. Property developer Nakheel has sent out a notice to its community …
( read original story …)
With assets in UAE, Azam Swati and Taj Afridi are richest among Pakistan’s senators
PTI Senator and Federal Minister for Narcotics Control Muhammad Azam Khan Swati and an independent senator from the erstwhile Fata Taj Muhammad Afridi are the richest legislators with Rs1.21 billion …
( read original story …)
UAE stays senators’ favourite spot for investment
ISLAMABAD: The United Arab Emirates (UAE) continues to be the favourite foreign destination of lawmakers for investment in business and properties, as most of around a dozen senators owning foreign …
( read original story …)