DUBAI, Nov 13 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a nearly 20 percent decline in third-quarter profit. The results come against a backdrop of a slowing economy and property market in the oil …
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Abu Dhabi’s Aldar reports 18.45% dip in Q3 profit
Abu Dhabi developer Aldar Properties has reported an 18.45 per cent decline in third quarter profit year-on-year. The company’s net profit declined from Dhs737m ($200m) in Q3 of last year to Dhs601m ($163.6m) in Q3 of 2017. Revenue was also down 27 per …
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Abu Dhabi’s Aldar posts Q3 net profit of $163m
Aldar Properties on Monday reported a third quarter net profit of AED601 million ($163.6 million) on revenue of nearly AED1.4 billion ($380 million). The Abu Dhabi-based developer said year-on-year revenue growth was 27 percent but did not provide a …
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Aldar Properties Delivers Strong Underlying Performance In Q3 2017
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the third quarter of 2017, which show a strong underlying performance across the business.
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Aldar Properties Announces Board And Management Changes
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, is delighted to announce two important appointments. At yesterday’s Board meeting, the Directors of the Company appointed His …
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Dubai property giant Emaar profits surge on high sales
Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam. Dubai has started recovering from a three year downturn after a 2014 oil price crash slammed the Gulf …
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Sheikh Mohammed amends law on Interim Property Registration in Dubai
In his capacity as Ruler of Dubai, the UAE’s Vice President and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. (19) of 2017 partially amending Law No. (13) of 2008 on Interim Property Registration in Dubai.
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Chasing UAE property
THE panel set up to look into the alleged outflow of $8bn from Pakistan into the UAE property market has returned empty-handed, not surprisingly, citing lack of cooperation from the Emirati authorities. Despite numerous letters written to the authorities …
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Dubai property market shows signs of maturing
DUBAI — Off-plan property sales now account for more than half of total real estate transactions in Dubai for the first time since 2008, it was revealed Wednesday. While the gap between off-plan transactions and sales of ready property for the first 3Q …
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Swiss Property to hand over inaugural Dubai project in Q1 2018
RELATED ARTICLES: Dubai’s La Reserve Residences bags award at Cityscape Global | La Reserve Residences slated for Dubai Healthcare City Phase 2 | Video: JLL expects stability for Dubai real estate Dubai-headquartered real estate developer, Swiss Property …
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Dubai off-plan property sales on the rise
The off-plan property sales now account for more than half of total real estate transactions in Dubai, UAE, for the first time since 2008, according to a report by fäm Properties, one of Dubai’s largest real estate brokerages. While the gap between off …
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The dark side of off-plan property buying
Buying off-plan property in Dubai is attractive, but this shouldn’t be an off the cuff decision. Property prices are not cheap at all, and many would-be buyers are now turning to off-plan purchases on the premise or even the promise that the deal could …
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FIA to probe 100 Pakistanis who bought properties in Dubai
The FIA, during an inquiry, had found that 96 individuals, who are Pakistani nationals, were allegedly in possession of properties in Dubai-Reuters ISLAMABAD: The Federal Investigation Agency (FIA) has decided to probe 100 persons who had invested in …
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Dubai off-plan property sales edge ahead of ready transactions for first time since 2008
UAE. Off-plan property sales now account for more than half of total real estate transactions in Dubai for the first time since 2008, it was revealed today. While the gap between off-plan transactions and sales of ready property for the first 3Q of 2017 is …
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Real estate a ‘powerful’ tool of UAE-India economic ties
The third edition of the Dubai Property Show, the annual property exhibition of Dubai Land Department (DLD), opened to hundreds of investors at Mumbai’s Bandra Kurla Complex on Friday. It was inaugurated by Sultan Mohamed Hamdan bin Khadim, Charge d …
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Falconcity of Wonders Reports Fruitful Participation at Dubai Property Show India 2017
Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project being built in Dubai, concluded its participation at Dubai Property Show India 2017 in Mumbai on a high note, reporting high footfall to its exhibition …
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Rixos Hotels to Launch Its New Property in Saadiyat Island Abu Dhabi at WTM 2017 London
As a pioneer of Ottoman-inspired luxury hospitality, Rixos Hotels is all set to showcase its new travel experiences and launch its flagship property in Abu Dhabi, at the leading global event for the travel industry, WTM 2017, London from 6-8 November.
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