Abu Dhabi developer Aldar Properties has posted $1.7bn (AED6.3bn) in revenues for 2018, up 2% on 2017 figures, boosted by asset acquisition and the collection of final payments. The Abu Dhabi developm…
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Damac quarterly profit down 87% as Dubai property prices tumble
Dubai’s Damac Properties, owner and operator of the only Trump-branded golf club in the Middle East, reported a nearly 60 per cent fall in full year profit on Thursday, while its profit in the …
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Dubai property giant Emaar grows profits despite lower prices
DUBAI: Dubai-based construction giant Emaar Properties said on Thursday its net profits for the fourth quarter and the whole of last year increased despite falling real estate prices. The company, whi…
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DAMAC quarterly profit down 87 pct as Dubai property prices tumble
DUBAI, Feb 14 (Reuters) – Dubai’s DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, reported a nearly 60 percent fall in full year profit on Thursday, while …
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Aldar Properties : , Emaar alliance could channel Dh30 billion investments into Abu Dhabi, Dubai real estate
The Aldar headquartrers in Abu Dhabi. The developer said its operating margins are in the 35- 40 per cent range now. Image Credit: Gulf News Archives Dubai: Aldar Properties is in the “final stages” o…
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Abu Dhabi’s Aldar posts $708m profit as 2018 revenues grow 3%
Abu Dhabi developer Aldar Properties has posted $1.7bn (AED6.3bn) in revenues for 2018, up 2% on 2017 figures, boosted by asset acquisition and the collection of final payments. The Abu Dhabi developm…
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Property prices crash in DUBAI: Real estate values fallen by a quarter in four years as demand drops
Property prices in Dubai have fallen by around a quarter in under four years, a new report reveals. The drop in the market of around 25 per cent has been blamed on oversupply of high-end luxury develo…
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Video: Why have property prices fallen by 9.5% in the UAE?
Apartment prices on the Palm Jumeirah, one of Dubai’s most popular places to live, fell by 9.5 percent during 2018. The UAE Property Report by Savills also showed that capital values across Dubai Mari…
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Property Prices Tumble in Dubai
DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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Property Prices Tumble in Dubai, a Mecca for the Superwealthy
DUBAI—When the world’s tallest building opened here in 2010, a one-bedroom apartment with a view of the Persian Gulf sold for about $800,000. Four years later that apartment would fetch $1 million. To…
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Imkan to turn Abu Dhabi park into an open-air green space
UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to help transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional gree…
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Three reasons why Dubai property market will likely rebound after two years
Expo 2020 boost: Real estate investment management experts JLL expect the Dubai property market to hit bottom in 2021, with the city getting a lift from the World Expo 2020, which is expected to host …
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MIDEAST STOCKS-Saudi slides on weakness in blue-chips, UAE hit by property woes
Abu Dhabi shares were hit by selling in Aldar Properties which ended 1.9 percent lower and First Abu Dhabi Bank which dropped 0.9 percent. Dubai was dragged down by DAMAC Properties , which dropped 3. …
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Abu Dhabi sets up new energy company to help develop the water and power sector
The new entity will own the money, property, stakes and shares of all companies of the Abu Dhabi Department of Energy, the statement added. The company will also own all of the assets of the departmen…
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Is it time to allow foreign lenders into the UAE mortgage market?
The UAE is ripe for property investment, with thriving industries and large expat communities. But high deposit rates and restrictions on lending are holding it back. Opening the door to foreign …
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Rents are falling… Who wants to move to a new home in UAE?
Falling rents in the UAE are a good reason to move into a brand-new apartment or villa in a desirable location. However, independent studies and reactions from real estate companies, property builders …
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Dubai property glut on show in worst week for stocks since 2016
Dubai stocks are giving investors an update on the woes confronting the local real-estate industry. The DFM Real Estate & Construction Index has fallen about 7% in the past five days, the biggest week…
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