* H1 NET PROFIT 1.26 BILLION DIRHAMS VERSUS 1.31 BILLION DIRHAMS YEAR AGO * 1.8 BILLION DIRHAMS DEVELOPMENT SALES VALUE IN FIRST SIX MONTHS WITH 600 MILLION DIRHAMS CONTRIBUTION FROM SUCCESSFUL LAUNCH OF BRIDGES Source:(bit.ly/2wnrRyL) Further …
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Aldar Properties gross profit up 5pc in H1
Abu Dhabi-based Aldar Properties, a leading property development company, has posted a gross profit of Dh1.29 billion ($351 million) for the first half (H1) of 2017, as against Dh1.23 billion in H1 2016, marking a rise of five per cent. The company …
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Aldar Focuses on Mid-Market Properties as Quarterly Profit Drops
Aldar Properties PJSC plans to develop more mid-market residential homes in Abu Dhabi and focus on boosting recurring income, its chief financial officer said after second-quarter revenue tumbled. The builder of the Ferrari theme park posted a 5.7 percent …
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How an investor can ride the Dubai property cycle
Investment. Property. Real estate. Timing. Vocabulary that is eminent in Dubai, and given the expanse of widespread analysis about the real estate market at the moment, there is need to deliberate on the significant phases that Dubai’s realty market is …
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Dubai homes have room to grow
This translates into more choice for tenants and, consequently, lower rents. Property consultants Cavendish Maxwell estimate 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses …
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Cavendish Maxwell opens office in Oman
Cavendish Maxwell, the UAE-based property consultancy, is strengthening its Middle East presence with the opening of a new office in Muscat, Oman. It marks another key milestone for the firm following the successful relocation of its Abu Dhabi office in …
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Senior Controls and Risk Specialist – Menasa And Partners – Dubai Jobs
Our client is a reputable property developer who is involved in developing prestigious property projects, both commercial and residential within the UAE. They are looking for a Senior Controls and Risk Specialist to join them who will take a leading role …
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Buying in blue chip triggers late recovery in Dubai index
Emaar Properties witnessed buying in the last hour of trade, triggering a recovery in the Dubai index. The Abu Dhabi index jumped 1 per cent on buying in banking stocks. The Dubai Financial Market General Index closed 0.32 per cent higher at 3,660.94 …
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Real Estate Transactions in Dubai Rose 26% in H1 of 2017
Dubai Land Department (DLD) has released its H1 2017 Transactions Report up until 30th June, through the Real Estate Research and Studies Department, announcing that total real estate transactions for this period reached a value of AED 132 billion …
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Dubai Real Estate Transactions Value Hits $36 Billion in H1
Real estate transactions in Dubai, UAE, during the first half (H1) of the year reached a value of Dh132 billion ($36 billion), achieved through 35,571 sales, mortgages and other transactions, according to figures released by Dubai Land Department (DLD).
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Abu Dhabi gives new deadline as 1MDB misses $600 million payment
ABU DHABI/HONG KONG (Reuters) – Abu Dhabi’s sovereign wealth fund … One such asset sale — a $1.7 billion Bandar Malaysia property deal that was executed as part of the rationalization plan — collapsed in May. As part of the agreement with IPIC, 1MDB …
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Top Chinese magazine attacks fugitive tycoon over Abu Dhabi deals
Monday’s cover story claimed Guo borrowed US$1.5 billion from the Abu Dhabi backers in 2014 to inject into their … although most of the property and stocks were already pledged to his Chinese creditors. And instead of investing the money in “financia …
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Azizi, Dubai Land Department to promote property to Asia investors
Dubai-based real estate developer Azizi Developments and the Dubai Land Department (DLD) have joined forces to promote Dubai’s real estate sector to foreign investors in India, Pakistan and China. The two entities will host a series of property roadshows …
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Now You Can Transfer DEWA Account from One Property to Another
Additionally, customers can transfer their deposit and data, when moving from one property to another, within Dubai, by submitting an Ejari contract, without the need to submit any additional documents, or visit DEWA offices. The new service enables …
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Shifting houses within Dubai? No need to pay fresh Dewa deposit
Customers can transfer their deposit and data, when moving from one property to another, within Dubai, by submitting an Ejari contract, without the need to submit any additional documents, or visit Dewa offices. The new service enables customers to …
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Dubai’s DEWA allows movers to activate utilities without visiting its offices
Under the ‘move to’ service, all residential, commercial and industrial customers can transfer their current DEWA account, deposit and data from one property to another within Dubai by just submitting an Ejari contract. No other documents are required …
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At Dubai’s new market, this fish cutter is a role model
Dubai: In 2008, Abdul Raheem quit his fish cutting job at the … so much so that he had to sell his property units back home to get his business back on track. “Initially, I did well, but like all businesses you have your share of highs and lows.
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