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United Arab Emirates stocks higher at close of trade
(Investing.com - 31/10/2017)

United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Finance & Investment, Transport and Telecoms sectors led shares higher. At the close in Dubai, the DFM General added 0.17%, while the ADX General index added 0.51%. The

UAE Property Developer DAMAC Ranks First on Forbes Global 2000
(Press Release - 31/10/2017)

DAMAC's topping of Forbes list puts UAE on world stage for its leadership in business entrepreneurship and global competitiveness. DAMAC Properties, a leading luxury real estate developer in the region, has clinched the number one spot on the Forbes

Emaar Unit Is Said to Plan IPO at Premium of as Much as 20%
(Bloomberg - 31/10/2017)

Emaar Properties PJSC is expected to offer shares in its United Arab Emirates development business at a 10 to 20 percent premium to the unit’s net asset value, according to three people familiar with the plans. The lead managers on the initial public

Ezdan records QR1.41bn net profit
(The Peninsula - 31/10/2017)

Ezdan Holding Group has announced its financial results for the period ended 30 September 2017. The period’s net profit amounted to QR1.41bn compared to QR1.29bn for the same period last year, an increase of 9.3 percent. The Group’s earnings per share

Union Properties accelerates diversification strategy
(Gulfnews - 31/10/2017)

Union Properties announced the formation of a new investment arm, UPP Capital Investment, as the real estate group continues to roll out its diversification strategy. The new entity will specialise in direct and indirect real estate investments, and will

Emaar development IPO will make money for investors!
(Khaleej Times - 29/10/2017)

Emaar Properties will sell 20 per cent of its UAE development portfolio in an initial public offering in November. This is the first IPO in the UAE capital markets in the last three years and follows bellwether offerings such as Emaar Malls and Emaar

Taleem REIT announces dividend distribution method
(Tadawul - 27/10/2017)

With reference to Taleem REIT Fund announcement on 15th October 2017 regarding the distribution of dividend to the unitholders for the period started from 30th May 2017 (Fund's operational date) to 30th September 2017, Taleem REIT Fund is pleased to

Barwa Real Estate registers 9-month profit of QR1.22bn
(Gulf Times - 25/10/2017)

Barwa Real Estate Company has reported a net profit of QR1.22bn and earnings-per-share of QR3.14 in the first nine months of this year. The net profitability is, however, down owing to the decrease in the profits of some of the non-recurring items like

Emaar chairman expects special dividend pay out from real estate listi
(Gulfnews - 25/10/2017)

Emaar Properties Chairman Mohammad Al Abbar said on Tuesday he expects to issue a special dividend in January from the proceeds of the partial listing of the Dubai property developer’s real estate unit. Emaar announced this week it would list up to 20

Deyaar properties to feature Huawei technology
(Gulf News - 22/10/2017)

Deyaar Development, a UAE-based property development company, has inked a deal with Huawei to supply residents of its properties with technology and smart home products, the company said on Sunday. The five-year Memorandum of Understanding signed between

Size of Emaar Development IPO disappoints market
(Reuters - 22/10/2017)

Emaar Properties EMAR.DU expects to sell a 20 percent stake in its real estate development business next month in an initial public offering, it said on Sunday, with the smaller than anticipated sale sending its shares down by more than 2 percent.

Emaar to float just 20 per cent of real estate development subsidiary
(The National - 22/10/2017)

Emaar Properties, the UAE's largest listed real estate company, said on Sunday it plans to float 20 per cent of its real estate development subsidiary in November, lower than initial estimates of up to 30 per cent. The listing will be only the second IPO

Four Seasons and Jabal Omar Company to Open New Hotel in Makkah
(Press Release - 19/10/2017)

Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and Jabal Omar Development Company (JODC), a leading developer in the Middle East, announce plans for a new Four Seasons hotel in the Holy City of Makkah (also known as

Damac advert spend surges but profits fall
(Arab News - 19/10/2017)

A splurge on marketing spending failed to deliver a bottom line boost to Damac Properties — the developer behind behind the only Trump-branded golf course in the Middle East. The Dubai-based developer is well known for its marketing gimmicks such as

DAMAC reports net profit of AED 2.3 bil for the first 9-month of 2017
(Press Release - 18/10/2017)

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading property developer in the Middle East, today announced its first-nine months 2017 financial results, reporting total revenue of AED 5.8 billion and net profit of AED 2.3

Deyaar reports 96% increase in revenue to AED 512 mil as of Q3 2017
(Press Release - 18/10/2017)

Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, today announced its financial results for the third quarter of 2017. The company reported revenues of AED 512 million for the first nine

Deyaar reports 96% increase in revenue at Dhs512m
(The Gulf Today - 18/10/2017)

Deyaar Development, one of Dubai’s leading property developers and real estate service providers, today announced its financial results for the third quarter of 2017. The company reported revenues of Dhs512 million for the first nine months of the year

Emaar Properties postpones GM to October 21
(Gulf News - 16/10/2017)

Emaar Properties said on Monday it has postponed its general assembly meeting to October 21. The quorum was not met at the meeting held on October 15, the company said in a statement posted on the Dubai Financial Market’s website. Emaar Properties is

RiyadREIT signed sale and purchase agreemnt with Higher Education Fund
(Tadawul - 15/10/2017)

Riyad REIT announces that on 12/10/2017 the fund signed a sale and purchase agreement with the Higher Education Fund to acquire the building of Saudi Electronic University located in Ar Rabi district at the intersection of Abi Bakr As Siddiq Road and

Emaar Entertainment to set up mega leisure centre in Bahrain
(Trade Arabia - 11/10/2017)

Eagle Hills Diyar, developer of urban waterfront project Marassi Al Bahrain, has signed up Dubai's Emaar Entertainment to bring a bumper family entertainment centre to its Marassi Galleria shopping and lifestyle destination in Bahrain. The 13,200-sq-m

Aldar to deliver homes to customers this December
(Gulfnews - 11/10/2017)

Aldar Properties on Tuesday said it is preparing to hand over the Andalusian-style apartment development Ansam to customers during December. External work is complete with landscaping due to commence this month while internal final fit outs are nearing

Emaar lines up new projects in Gurugram, expects market revival soon
(IANS - 09/10/2017)

Signalling a likely turnaround in India's real estate market, Emaar India, the Indian arm of Dubai's Emaar Properties, on Monday said it is working on a slew of new projects in the NCR as it expects to complete all its ongoing projects by the end of

Damac's hotel apartment projects 'in big demand'
(Trade Arabia - 09/10/2017)

Damac Properties, a leading luxury real estate developer in the region, announced that its hotel apartment projects in New Dubai and Dubai South are more than 80 per cent sold out. Demand continues to rise for Damac's hotel apartment projects as Expo

Emaar Properties contributes $40mln to Sandooq Al Watan
(WAM - 08/10/2017)

Emaar Properties today announced an additional contribution of AED62 million to Sandooq Al Watan, the philanthropic fund set up by Emirati entrepreneurs and the private sector to boost social entrepreneurship and nurture UAE youth talents. One of the

At The Top, Burj Khailfa gets a digital facelift
(Khaleej Times - 06/10/2017)

The regions's most visited star-attraction At The Top, Burj Khailfa, has gotten bigger and better with its new digital makeover. In addition to expanding its reception area four times its original size, At The Top, Burj Khalifa reception in the lower