Dubai: Aldar Properties pulled out higher revenues (up 28 per cent to Dh1.58 billion) and gross profit (a gain of 39 per cent to Dh753 million) for the first three months of 2017, in a performance markedly different from the slowdown in Abu Dhabi’s …
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Aldar Properties profit surges 39pc in Q1
Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a 39 per cent increase in its gross profit for the first quarter ended March 31, 2017, which surged to Dh753 million ($205 million) from Dh542 million ($148 million …
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Dubai Properties awards $55m contract for Bellevue Towers
Real-estate master developer Dubai Properties (DP) has announced that SEIDCO General Contractor is to work on the Bellevue Towers residential development. The contract is worth more than AED200 million ($55 million), according to a statement by the developer.
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Aldar awards AED 1.7 Billion development contract for Yas Acres
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island …
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Abu Dhabi housing market consolidates
The real estate market in the Capital is down and prices will decline further this year, experts said during the real estate market exhibition Cityscape in Abu Dhabi. According to property consultants Cluttons, the market is in depression. Cluttons Abu …
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New Mercedes Benz showroom to be developed on Abu Dhabi’s Yas Island
Abu Dhabi developer Aldar Properties has signed a partnership agreement with conglomerate Al Fahim Group to develop a new Mercedes-Benz and AMG showroom and express service centre in Yas Island. The new 5,900 sqm showroom will be located within Aldar’s …
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Cityscape Abu Dhabi in full swing: Is property market confidence back?
New figures coming from Abu Dhabi are promising and are indicative of renewed investor interest in the emirate’s construction and real estate sector. Cityscape Abu Dhabi, the biggest property show in the UAE capital has seen a 10 per cent year on year …
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Aldar signs up al Fahim Group for a first of its kind Mercedes-Benz and AMG showroom on Yas Island
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has signed a partnership agreement with Al Fahim Group, one of the region’s most successful leading family conglomerates, to bring the world’s first …
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5 popular destinations for UAE property investors
According to a new survey, 13 per cent of the UAE’s residents have plans to invest in property overseas in the next year. The annual YouGov survey conducted by IP Global, a property investment company named North America, UK, Germany and Australia the …
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7 Things that Make Dubai a Heaven for International Property Investors
While there are ups and downs in the global real estate market, Dubai remains right at the top and these 7 factors make it a heaven for the international property investors. One of the biggest benefits of buying a property in Dubai is that the economy of …
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Dh3.4 billion worth of transactions registered in Dubai prime residential market in Q1 2017
Amid all the buzz on affordable housing, Dubai’s luxury property seems to be holding its own. And there are ample takers for higher priced properties in Dubai as well. In the first three months of 2017, transactions of Dh1 million and more made up 64 per …
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Taj targets The Palm for third Dubai property
Taj Hotels Resorts and Palaces will be opening a Taj hotel in Dubai’s Palm Jumeirah, marking its third landfall in the city, with its existing Taj hotel in Downtown Dubai and upcoming Jumeirah Lakes Towers (JLT) Vivanta by Taj property, Taj Dubai general …
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Homing in on posh Dubai property
Amid all the buzz on affordable housing, Dubai’s luxury property seems to be holding its own. And there are ample takers for higher priced properties in Dubai as well. In the first three months of 2017, transactions of Dh1 million and more made up 64 per …
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UAE property investment opportunities showcased by Deyaar and Square Yards in Mumbai
Deyaar Development PJSC, one of UAE’s leading property development and real estate services companies, has partnered with Square Yards, India’s largest real estate transactions platform, to showcase Deyaar’s property portfolio to Indian investors.
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Damac Properties Dubai PSC : Mum and dad investors can buy rooms in new mega-hotel on Trump golf course
DUBAI, UAE – A 2,000 room hotel is to be built on the 55-million square foot estate which has as its focal point the Trump International Golf Club Dubai. The Dubai property market has been sliding for about 3 years now and developers are finding it hard to …
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Dubai Properties launches sale of ‘Arabella Townhouses 3’ as part of growing portfolio of futuristic housing solutions
Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, today announced the launch of sales of the third edition of the Arabella Townhouses (Arabella 3) – in response to high customer demand. The launch of sale of …
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Dubai Real Estate Market Conditions Remain Soft in Q1 2017
JLL released its Q1 2017 Dubai Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. While the first quarter of 2017 has seen a further softening in the hotel and retail sectors of the …
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