Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported an 80 per cent fall in fourth-quarter profit due to a one-time charge, its chief financial officer said on Thursday. Aldar made a net profit attributable to owners of …
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Abu Dhabi’s Aldar reports 34% growth in 2017 underlying profit
Aldar Properties has released details of its 2017 financial performance, announcing a 34% hike in its underlying gross profit for the year. In a statement, the Abu Dhabi-headquartered property developer revealed that its 2017 underlying profit reached $ …
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Dubai’s Emaar Properties sees Q4 profit dip amid higher costs
Emaar Properties reported a 16 per cent slide in fourth-quarter net profit on Wednesday as costs weighted on Dubai’s largest listed developer. Emaar’s weak performance follows results from fellow developer Damac Properties earlier, which showed a …
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Dubai property firm Damac Q4 profit plunges 47%
Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came as Dubai, its core property …
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Dubai property firm DAMAC Q4 profit plunges 47 pct
DUBAI, Feb 14 (Reuters) – Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came …
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Dubai property firm Damac sees Q4 profit dip 47%
Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 per cent drop in fourth-quarter profit, while full year profit dropped by 25 per cent. The results came as Dubai, its core …
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Dubai realty gets Chinese boost
UAE real estate, particularly that of Dubai, is steadily gaining interest among savvy Chinese investors. This extends to the brick-and-mortar assets, contracting industry as well as construction finance. The Chinese were the fourth most active real estate …
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Commercial property downturn in UAE extends into ninth quarter
LONDON: Demand for commercial space in the UAE fell for the ninth consecutive quarter in the last three months of 2017, with a marginal decline seen in office rentals, but a steeper deterioration affecting industrial and retail space. Even as demand falls …
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Dubai market rebound unlikely but weak dollar offers hope
Foreign buyers accounted for 20 percent of Dubai real estate transactions in the 18 months to June 2017, data from the Dubai Land Department showed. Your browser does not support the video tag.
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Weaker dollar increases affordability of UAE real estate, analysts say
“Looking at the top buyer groups, where the currency is not pegged, who invest in UAE property we can see that on a currency basis alone, compared to January 2017, Indian rupee-denominated buyers would now find purchasing property in the UAE 6 per cent …
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Four Seasons Abu Dhabi appoints new GM
Four Seasons Hotel Abu Dhabi at Al Maryah Island, the luxurious waterfront property located on Abu Dhabi’s upscale business and lifestyle destination, has welcomed Olivier Thomas as the new general manager. With over 20 years of experience in the luxury …
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Dubai Land Department and Aqari Global to promote real estate in US
The Dubai Land Department (DLD), the emirate’s property legislator, entered into a strategic cooperation and partnership agreement with Aqari Global Ltd ‘Century 21 United Arab Emirates to promote Dubai real estate in the United States. “We pay close …
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Off-plan sales dominate Abu Dhabi housing market
Off-plan sales are driving the Abu Dhabi housing market as the emirate continues to feel the effects of diminished government spending and sluggish economic growth, according to a new report from international property company Chestertons MENA. According …
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Four Seasons Hotel Abu Dhabi at Al Maryah Island Welcomes General Manager Olivier Thomas
Four Seasons Hotel Abu Dhabi at Al Maryah Island, the sophisticated waterfront property located on Abu Dhabi’s upscale business and lifestyle destination, welcomes Olivier Thomas as General Manager. With over 20 years of experience in the luxury …
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Dubai Real Estate Not As Crazy For Crypto As People Think
Dubai is famous for being the mecca of luxury real estate in the Middle East. It was the first market to sell a new development property in bitcoin. The Aston Plaza and Residences in Dubai Science Park is the development that made headlines for accepting …
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The Little-Known Secrets to Property for Rent in Abu Dhabi
While browsing for a well-adjusted little apartment, you need to select the non-negotiables and search for a house that satisfies the needs you have. The perfect spot for the store will count upon the town or city you will be attempting to sell in.
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Unbiased Report Exposes the Unanswered Questions on Property for Rent in Abu Dhabi
It is a lovely town with a lot of what to do and see. Else you wont notice in conclusion of this. A location at which it is possible to reveal and research. First Phase Construction The very 1st stage of the park is prediction to commence from the …
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