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Tag: property

Posted on 16/11/2018

New mortgage rules ‘to help boost UAE property sector’

The UAE’s banking sector has played a pivotal role in fulfilling the aspirations of thousands of people to own their ‘dream home’ in the emirates, but a lot more can be done to further catalyse the gr…
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Posted on 15/11/2018

Emaar Profit Wobble Shows No One Safe From Dubai Property Slide

Emaar Properties PSJC reported the lowest quarterly profit in almost three years, showing that Dubai’s lengthening real estate slump is starting to weigh down even its most resilient builders. Emaar, …
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Posted on 15/11/2018

Dubai’s Damac doubles number of home handovers so far in 2018

Dubai-based developer Damac Properties on Wednesday announced total revenue of AED5.2 billion ($1.4 billion) and net profit of AED1.1 billion ($300 million) for the first nine months of 2018. During t…
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Posted on 15/11/2018

Emaar Development’s revenue soars on Dubai property sales

The company said it now has a total sales backlog of AED38.53 billion, which will be recognised as revenue in the next three to four years. Emaar Development, the build-to-sell property development bu…
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Posted on 15/11/2018

PM Khan’s sister penalised over undeclared Dubai property

Prime Minister Imran Khan’s sister Aleema Khan was penalised on her undeclared property in Dubai after which she paid half of the total cost to the tax authorities, a local media outlet said Thursday. …
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Posted on 15/11/2018

Aleema Khan pays penalty on her undeclared Dubai property

ISLAMABAD: In an effort to avoid imminent legal action for owning undeclared overseas’ assets, Prime Minister Imran Khan’s sister, Aleema Khan, has deposited half of her Dubai property’s total cost wi…
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Posted on 15/11/2018

Dubai’s Emaar Properties reports 29 pct fall in Q3 profit

Dubai’s largest listed developer Emaar Properties reported a 29 percent fall in third quarter profit on Wednesday, below analysts’ forecasts. The developer of the Burj Khalifa, the world’s …
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Posted on 15/11/2018

Dubai’s Emaar Properties reports 29% fall in Q3 2018 profit

The developer of the Burj Khalifa, the world’s tallest building, did not say why profit fell, though Dubai’s property market has been suffering from a prolonged downturn.REUTERS | November 15, 2018, 0…
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Posted on 15/11/2018

From Real Estate to Aviation, It’s Been a Tough Week for Dubai

It’s a week Dubai companies would like to forget. The biggest of them, in real estate and aviation — industries underpinning the economy of the Middle East business hub — posted lower profits. The b…
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Posted on 15/11/2018

UPDATE 1-Aldar Properties profit drops 30 pct, hit by higher costs

ABU DHABI, Nov 15 (Reuters) – Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 30 percent fall in third-quarter profit due to higher costs and the lack of governme…
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Posted on 15/11/2018

A weekend getaway at Abu Dhabi’s Bab Al Qasr hotel

Guests in rooms facing the front of the five-star property also enjoy spectacular views over the Abu Dhabi Presidential Palace and the nearby coastline. After being checked-in by the attentive …
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Posted on 15/11/2018

Abu Dhabi’s Aldar reports 30% fall in Q3 profit

Abu Dhabi developer Aldar Properties reported a 30 per cent dip in third quarter profit on Thursday as a slump in the emirate’s real estate marked continued. Aldar’s profit attributable to its …
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Posted on 14/11/2018

Dubai chases more UK property investors with third London show

Dubai Land Department (DLD) will launch the third edition of the Dubai Property Show in London on Friday as the emirate looks to lure more British real estate investors. The show, which runs from Nove…
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Posted on 13/11/2018

Damac chief confident of Dubai property market recovery by 2021

DUBAI: One of the UAE’s leading property developers believes that the property market will pick up again by 2021. Hussain Sajwani, the billionaire founder and chairman of Dubai-based Damac Properties, …
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Posted on 13/11/2018

NOW OPEN: THE ABU DHABI EDITION IS THE FIRST BOUTIQUE HOTEL IN THE CAPITAL

There is a new world to discover at The Abu Dhabi Edition Hotel in Abu Dhabi We felt very privileged this week to have a sneak peek at a gorgeous new property in Abu Dhabi, the first of its kind bouti…
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Posted on 13/11/2018

Abu Dhabi’s Aldar awards main contract for $2.7bn Alghadeer

… agreement for $2.7bn Alghadeer development | Aldar inks deals for two plots in $2.7bn Alghadeer masterplan Abu Dhabi-listed Aldar Properties has awarded a main construction contract for its “susta…
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Posted on 13/11/2018

Aldar awards construction contract for mega Abu Dhabi project

Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the fi…
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