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Tag: property

Posted on 15/05/2018

UPDATE 1-Stake sale helps lift UAE’s Aldar Properties first-quarter profit

ABU DHABI, May 15 (Reuters) – Abu Dhabi’s largest developer Aldar Properties reported a 5 percent rise in first-quarter profit on Tuesday, beating analysts’ forecasts but mostly due to revenue from a stake sale. The property market in United Arab …
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Posted on 15/05/2018

Dubai’s Damac reports 45% Q1 profit dip amid weak property market

Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, posted a 45 per cent drop in first-quarter profit from a year earlier although profit rose marginally from the previous quarter. The results came as …
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Posted on 14/05/2018

Dubai keeps the doors open for global brands

Dubai matters. The city pulled in the second highest number of international brands (59) after Hong Kong (86) in 2017 and ahead of Taipei (52) and London (49), according to the latest rankings from CBRE, the property consultancy. In 2016, Dubai had …
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Posted on 13/05/2018

Dubai Waterfront Projects Attract Strong Buyer Interest

In the recent past, this has manifested itself in the form of Dubai Properties’ 1/JBR, Meraas’ Bluewaters Island and Nikki Beach, Sobha Group’s District One and Hartland in MBR City, and the most recent Tilal Al Ghaf announced by the Majid Al Futtaim …
( read original story …)


Posted on 13/05/2018

Abu Dhabi’s Eshraq Properties swings to Q1 profit

Eshraq Properties (Eshraq), an Abu Dhabi-based real estate company, has achieved a net profit of Dh7.75 million ($2.2 million) for the first quarter compared to a net loss of Dh950,000 ($258600) for the same period last year. The real estate company listed …
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Posted on 13/05/2018

Dubai Real Estate Institute Concludes Successful Visit to Jordan

Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has concluded its successful business trip to Jordan. During the visit, which was led by CEO of DREI Mahmoud El Burai, the delegation met senior officials from a number …
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Posted on 10/05/2018

Dubai Properties Says ‘1/JBR’ on Track for Completion in 2019

Dubai Properties’ flagship project 1/JBR, taking shape on one of the final plots of land in the sought-after Jumeirah Beach Residence (JBR) district, is on track for a timely handover in Q4 2019. Bearing the distinction of being the only residential …
( read original story …)


Posted on 10/05/2018

Egypt Property Show nets $110m sales

The Egypt Property Show ended on a successful note in Dubai, registering a sharp jump in property sales which soared to $110 million, more than 100 per cent over last year’s returns. The event, inaugurated by Egypt Ambassador to the UAE, Wael Gad and …
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Posted on 10/05/2018

IMF says UAE’s VAT introduction has gone well, impact short-lived

Tamirisa said property market weakness was having a significant economic impact and authorities needed to monitor this carefully. Average rents sank 10.2 per cent in Abu Dhabi in 2017 and 5.2 per cent in Dubai, according to the central bank. Read …
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Posted on 10/05/2018

Dubai’s new development game is attention to detail and sustainability

RELATED ARTICLES: Is downsizing the answer to Dubai’s affordable housing needs? | Has Dubai’s property market finally stabilised? | KSA-UAE agreement to develop Saudi real estate ‘hotspots’ In 2018, we have so far witnessed ready transactions rising by …
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Posted on 10/05/2018

Women comprised 30% of Dubai realty transactions in Q1

Approximately 2,431 female investors participated in 2,780 transactions and invested AED4.4 billion in the Dubai property market in the first three months of 2018, the Khaleej Times reported. It suggests that real estate investment in the United Arab …
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Posted on 10/05/2018

JSS school wins Dubai Customs award

Dubai: JSS Private School in Dubai recently won first prize … Change reinvented’, was a campaign aimed at measuring the coming generation’s awareness of Intellectual Property Rights and educating the public about the risks of counterfeiting on …
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Posted on 09/05/2018

Abu Dhabi property market to continue decline through 2018

RELATED ARTICLES: Abu Dhabi Ports strikes $1bn deal to develop Khalifa Port terminal | In Pictures: Yas Arena, Abu Dhabi | Aldar acquires $1bn worth of Abu Dhabi real estate assets from TDIC Sales prices and rents for both apartments and villas are still …
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Posted on 09/05/2018

Dubai Properties Says ‘1/JBR’ on Track for Completion in 2019

Dubai Properties’ flagship project 1/JBR, taking shape on one of the final plots of land in the sought-after Jumeirah Beach Residence (JBR) district, is on track for a timely handover in Q4 2019. Bearing the distinction of being the only residential …
( read original story …)


Posted on 09/05/2018

Dubai Properties’ flagship project to be completed in 2019

Dubai Properties’ flagship project 1/JBR, which is taking shape on one of the final plots of land in Jumeirah Beach Residence (JBR) district, is on track for a timely handover in the fourth quarter of 2019. The premium development is located on Al Mamsha …
( read original story …)


Posted on 09/05/2018

Dubai waterfront projects sustain buyer interest

In the recent past, this has manifested itself in the form of Dubai Properties’ 1/JBR, Meraas’ Bluewaters Island and Nikki Beach, Sobha Group’s District One and Hartland in MBR City, and the most recent Tilal Al Ghaf announced by the Majid Al Futtaim Group.
( read original story …)


Posted on 09/05/2018

Women Accounted for 30 Percent of Dubai Realty Transactions in Q1 2018

In Q1 2018, 2,431 female investors participated in 2,780 transactions and invested Dh4.4 billion in the Dubai property market, according to statistics from the Dubai Land Department. They cumulatively invested Dh27 billion in the property market in 2017 …
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