DUBAI May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group’s chief finance officer said. Supply of such properties in …
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DHCC, Swiss Property to develop wellness residences
Dubai Healthcare City (DHCC) said it has signed a partnership agreement with Swiss Property, a boutique real estate developer, to increase wellness residential capacity in the free zone’s Phase Two expansion at Al Jaddaf in Dubai, UAE. As per the …
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Dubai’s Emaar Properties posts 15 percent jump in first-quarter profit
DUBAI Dubai’s Emaar Properties EMAR.DU, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations. The developer, in which Dubai’s government owns a minority stake …
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RSG signs with Rotana for new Dubai property ahead of Expo 2020
RSG International has signed a management agreement with Rotana, one of the leading hotel management companies in the region with the hotels across the Middle East, for a new four-star hotel in Dubai. The property will be located at a prime location on …
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Outlook for Dubai and Abu Dhabi property markets remains soft
Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by …
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Why you should invest in Dubai’s real estate…
It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
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Why you should invest in Dubai’s real estate market
It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
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Abu Dhabi’s Aldar Properties Q1 net profit flat
Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a small drop in first quarter profit on Tuesday but beat analysts forecast. Aldar made a net profit attributable to shareholders of Dhs637m ($174m) in the three …
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Abu Dhabi’s Aldar Properties Q1 net profit flat, beats estimates
ABU DHABI May 9 Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a small drop in first quarter profit on Tuesday but beat analysts forecast. Aldar made a net profit attributable to shareholders of 637.0 million …
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Aldar scores high on Q1-17 revenue and gross profit gains
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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