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Ezdan Holding Group posts QR463m net profit
(The Peninsula - 30/10/2018)

Ezdan Holding Group has announced its interim financial results for the period ended September 2018. The Group declared a net profit of QR463m for the period, down from QR1.41bn for the corresponding period last year.<br/><br/> The Group’s earnings per

Barwa Real Estate posts net profit of QR1.08bn
(Gulf Times - 29/10/2018)

Barwa Real Estate Group has posted a net profit of QR1.08bn at the end of third quarter that ended in September this year. The company’s earnings per share (EPS) stood at QR2.78 at the end of Q3. In the same period last year, Barwa had registered a net

RAK Properties sees revenue, profit dip in 2018
(Gulf News - 29/10/2018)

RAK Properties has recorded a decline in revenues and net profits for the first nine months, totalling Dh79.17 million and Dh6.12 million. This compares to revenues of Dh269.87 million and Dh74.73 million for the same period last year.<br/><br/> Total

Saudi Arabia’s Jabal Omar Development Company returns to profit
(Arab News - 24/10/2018)

The Saudi developer behind the transformation of the center of Makkah — Jabal Omar Development Company — has returned to profit in the third quarter after a string of losses over the last year.<br/><br/> The change in fortune will be welcomed by the

Deyaar posts Dhs100.8m profit in first 9 months
(The Gulf Today - 18/10/2018)

Deyaar Development (Deyaar), announced its net profit for the first nine months of the year, as detailed in the company’s financial statement for January-September 2018. The company registered net profit for the nine-month period ending September 2018 of

Emaar unit to distribute $283m special cash dividends
(Trade Arabia - 18/10/2018)

Emaar Development, the UAE build-to-sell property development business of top developer Emaar, said it has approved the distribution of special cash dividends worth Dh1.04 billion ($283.15 million) representing 26 per cent of the share capital (26 fils

Emaar Development offers up Dh1bn shareholder dividend
(The National - 17/10/2018)

Emaar Development proposed a special cash dividend to shareholders representing 26 per cent of paid-up share capital, and plans to hold a vote on the proposal in a general meeting on Wednesday.<br/><br/> The board of Dubai-listed real estate development

Drake & Scull shares jump after shareholders approve continuing operations
(The National - 08/10/2018)

Drake & Scull International's shares jumped after the Dubai contractor said a majority of shareholders voted for continuing the company's operations during a general assembly last week.<br/><br/> The board informed shareholders about the company's future

ADX lists Aldar Investments’ $500 million sukuk
(The Gulf Today - 08/10/2018)

Abu Dhabi Securities Exchange, ADX, together with Aldar Properties, today rang the market opening bell to celebrate the listing of Aldar Investments’ new sukuk, marking the first corporate sukuk ever to be listed on the exchange.<br/><br/> The sukuk -

For Eshraq, immediate focus is building its land bank
(Gulf News - 07/10/2018)

Abu Dhabi-based Eshraq Properties has shelved merger and acquisition plans in favour of developing its own projects. This, after it failed to reach a deal to merge with Reem Investments.<br/><br/> Ajit Joshi, a member on Eshraq’s board of directors and

DAMAC Properties predicts weak quarters for Dubai real estate before rebound
(Arab News - 03/10/2018)

Dubai’s real estate market faces another few quarters of “soft market conditions” before starting to rebound from late 2019, DAMAC Properties’ chief financial officer said.<br/><br/> Residential prices in Dubai have fallen more than 15 percent since 2014

SRECO, AIC agree to establish Alinma Alakaria RE Fund
(Saudi Gazette - 02/10/2018)

Al Akaria Saudi Real Estate Company (SRECO), one of the largest publicly listed real estate developers on the Saudi stock exchange (Tadawul), and Alinma Investment Company (AIC) have signed a Fund Establishment Agreement for the Alinma Alakaria RE

Drake and Scull postpones shareholders meeting to October
(The National - 01/10/2018)

Drake and Scull International, the Dubai-based contractor facing mounting losses, postponed until next month a shareholder meeting that was scheduled for September 27 and could seal the fate of the cash-strapped company.<br/><br/> “The quorum of the

Deyaar awards Dubai residential project contract
(Trade Arabia - 01/10/2018)

Deyaar Development, one of the UAE’s leading property development companies, has appointed Condor Building Contracting as the main contractor for its 18-storeyed residential project, Bella Rose, launched recently in Dubai Production City.<br/><br/> Bella

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