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Aldar gives update on Abu Dhabi residential projects (The National - 27/04/2016)

Aldar Properties said today that its projects in Abu Dhabi are progressing on schedule. “Al Hadeel, Ansam, Al Merief, Nareel Island residential projects are all on track to be completed according to their respective schedules with steady progress being

Emaar brings ‘mini-Dubai’ to London’s Harrods (The National - 27/04/2016)

Emaar Properties has brought a taste of Dubai to one the world’s most famous department stores as it attempts to attract foreign investors amid the property slowdown in the emirate. The Dubai developer, builder of the Burj Khalifa, is launching and

Emaar Malls posts net profit growth of 22% at Dhs529m (The Gulf Today - 27/04/2016)

Emaar Malls has reported first-quarter (January to March) 2016 net profit of Dhs529 million ($144 million), 22 per cent higher than the Q1 2015 net profit of Dhs433 million ($118 million). Rental income for the first three months of the year is Dhs 833

Emaar enters midscale segment with Rove (Khaleej Times - 26/04/2016)

Emaar Hospitality Group, on Monday at the Arabian Travel Market (ATM 2016), announced its entry into the midscale hospitality segment, with the launch of Rove Hotels. A contemporary new midscale hotel and residences brand, Rove has been developed as a

Dar Al Arkan Q1 net profit falls 60.7pc (Reuters - 23/04/2016)

Dar Al Arkan, one of Saudi Arabia's largest property developers, extended an earnings slump as it reported a 60.7 per cent fall in first-quarter net profit on Thursday due to declining sales revenue. Arkan made a net profit of SR57.85 million ($15.43

Deyaar Q1 net profit falls 7.6pc (Reuters - 21/04/2016)

Dubai's Deyaar Development reported a 7.6 percent fall in first-quarter net profit on Thursday. The company made a profit of Dh51 million ($13.89 million) in the three months to March 31, it said in a statement. Deyaar did not state its profit for the

Damac’s shareholders approve 15% cash dividends (Gulfnews - 21/04/2016)

Damac Properties said on Wednesday its shareholders approved for distribution of 15 per cent cash dividends at its annual general meeting. The shareholders also approved the financial statements and auditors report for the year ending December 2015, the

Emaar Malls’ shareholders approve 10% dividend (The Gulf Today - 21/04/2016)

Emaar Malls Group said on Wednesday its shareholders had approved a 10 per cent cash dividend, amounting to 10 fils per share, at its annual general meeting. The unit of Emaar Properties will distribute Dh1.3 billion among its shareholders, the company

Alabbar buys 4pc stake in fashion retailer YNAP (Reuters - 19/04/2016)

Dubai entrepreneur Mohammed Alabbar will take a 4 per cent stake in online fashion retailer Yoox Net-A-Porter (YNAP) in a move expected to push the Italian group's growth in the high-potential Middle Eastern market. YNAP, which was created last year from

Dubai's Emaar Made `Severe' Cuts Fearing Tough 2016: Chairman (Bloomberg - 19/04/2016)

Emaar Properties PJSC implemented “severe cost cuts” as the developer of the world’s tallest tower responded to weakening Dubai housing market last year, its chairman said. “We were really scared of 2016,” Mohamed Alabbar told reporters on the sidelines

Mazaya and Global Securities to set up investment funds (The Peninsula - 19/04/2016)

Mazaya Qatar Real Estate Development and Global Securities have signed Memorandum of Understanding (MoU) to create Shariah-compliant real estate investment funds in Turkey that will be offered to qualified investors, locally and internationally. These

Cautious Emaar cuts costs despite first quarter ‘surprise’ (The National - 19/04/2016)

Emaar Properties has embarked on a cost-cutting drive to meet more challenging market conditions. Speaking to reporters after the company’s annual general meeting in Dubai yesterday, the chairman Mohamed Alabbar said that it had “severely" cut costs, but

Emaar declares Dh1.074b dividend (Khaleej Times - 19/04/2016)

Shareholders of Emaar Properties have approved the proposed cash dividend for 2015 at its 18th annual general meeting on Monday. The meeting approved a cash dividend of 15 per cent of the share capital, equivalent to Dh1.074 billion ($292 million), for

Emaar’s AGM for 15% dividend approval on Monday (Emirates 24|7 - 18/04/2016)

The 18th annual general meeting of Emaar Properties will be held on Monday to discuss the proposal of a 15 per cent (15 fils per share) cash dividend for 2015. The AGM will be held at 5pm at the Diamond Ballroom of The Address Dubai Mall. If the meeting

RAK Properties to release Bermuda Villas' phase two (Khaleej Times - 17/04/2016)

RAK Properties, Ras Al Khaimah's biggest property developer listed on the Abu Dhabi Stock Exchange, is all set to commence the release of phase two of its Bermuda Villas being developed under its flagship Mina Al Arab waterfront community. The

Emaar Properties India JV Emaar MGF to demerge (Press Trust of India - 13/04/2016)

Dubai-based realty firm Emaar Properties and India's MGF group are likely to end a decade old joint venture with Emaar MGF Land Ltd announcing demerger of the business for future growth and expansion. Emaar Properties, developer of the world's tallest

URC posts 8.3% rise in net profit for 2015 – Company holds its AGM (Arab Times - 13/04/2016)

United Real Estate Company (URC), Kuwait’s leading development and property services company, today announced an 8.3% increase in net profit of KD 8 million for the 2015 year at its Annual General Assembly Meeting. The company’s Chairman, Tariq Abdul

Ezdan to issue Sukuk worth $2bn (The Peninsula - 12/04/2016)

Qatar’s real estate major Ezdan Holding Group will raise $2bn through Sukuk issuance. Of this total amount sukuk worth $500m will be issued in May or June this year. The Ordinary and Extraordinary General Assembly of Ezdan Holding Group yesterday

Aldar launches $1.6 billion Yas Acres project (The Gulf Today - 12/04/2016)

The Abu Dhabi developer Aldar Properties has announced the launch of Yas Acres, a Dhs6 billion ($1.6 billion) project that will add 1315 villas to the northern shore of Yas Island. The golf and waterfront development will accommodate 15,000 residents

Emaar Developer of Burj Khalifa Plans to Build a Taller Tower (Top News - 11/04/2016)

With the tallest building of the world under their belt, Emaar Properties a Dubai developer plans to build one that's even taller than Burj Khalifa. The new tower is set to be different with a view! It is planned to have rotating balconies and elevated

Emaar Properties group CEO exits role (Reuters - 10/04/2016)

Dubai's Emaar Properties , builder of the world's tallest tower, said on Sunday that Abdulla Lahej had discontinued his role as group chief executive officer. Lahej's responsibilities were being handled by Amit Jain, group chief operating officer, Emaar

Inovest sells stake in project to Ossis (Gulf Daily News - 06/04/2016)

Bahrain-based Inovest Group has sold its ownership stake in Tala Property Development through a share purchase contract with Ossis. Under the terms of the agreement, Inovest’s 60 per cent stake holding in the project has been transferred to Ossis, for a

Emaar unit wins Dubai district cooling contract (Trade Arabia - 03/04/2016)

Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has appointed Emaar District Cooling (EDC) as the sole provider of district cooling services for its ambitious Town Square project. A leading provider of

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