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Barwa forecasts soft landing for Qatar real estate market
(The Peninsula - 28/02/2018)

Qatar’s real estate market is heading to a ‘soft landing’ before taking a turnaround in post 2020, Barwa Real Estate Group CEO Salman bin Mohammed Al Mohannadi (pictured) has said.<br/><br/> Speaking to The Peninsula here yesterday, Al Mohannadi said

Damac awards Dubai luxury tower construction deal
(Trade Arabia - 28/02/2018)

Leading luxury property developer Damac Properties has awarded a Dh600 million ($163.3 million) contract to China State Construction Engineering Corporation for the construction of one of the towers at Aykon City, premier luxury master development coming

Emaar unveils first townhouse community in Dubai South
(Trade Arabia - 27/02/2018)

Emaar Development has announced the launch of Saffron, the first townhouse community in Emaar South, the 7-sq-km lifestyle destination with tree-lined boulevards, walking and bicycle trails and a well-linked public transport network.<br/><br/> A joint

Dar Al Arkan meets bond investors for non-deal roadshow
(Gulf News - 26/02/2018)

Saudi Arabian real estate developer Dar Al Arkan met fixed income investors last week for a so-called non-deal roadshow, discussions that were not linked to any specific plan for a bond issue, sources familiar with the matter said.<br/><br/> Dar Al

Emaar pitches the Saffron town houses at Dubai South
(Gulf News - 26/02/2018)

After a waterfront setting for its first off-plan launch this year, Emaar Development is turning to Dubai’s outskirts for the second. Sales of town houses at the “Saffron” will start Monday (February 26) at Emaar South, a 7 square kilometre community

Damac to experience 'cash flow pressure' in 2018, says EFG Hermes
(The National - 23/02/2018)

Operational and financial challenges at Damac Properties, one of the UAE’s biggest listed real estate developers, are expected to continue this year after the company reported a 25 per cent drop in full-year net profit for 2017, a report from EFG Hermes

Seef Properties reports net profit of BD11.06 Million
(Biz Bahrain - 22/02/2018)

Seef Properties, the leading integrated real estate company in the Kingdom of Bahrain, announced its financial results for the year ended on 31 December 2017 with a net profit totaling BD11.06 Million. The results were announced during a meeting held on

Emaar ushers in Chinese New Year with dazzling Light Up show
(Trade Arabia - 18/02/2018)

In a historic first, leading developer Emaar Properties ushered in the Chinese New Year in Dubai with a dazzling dragon-themed ‘Light Up’ show on the iconic Burj Khalifa, joining the over 1.39 billion Chinese nationals across the world, and underpinning

Eshraq Properties swings to profit in 2017
(Gulf News - 16/02/2018)

Eshraq Properties reported a net profit of Dh32.2 million last year compared to a net loss of Dh301 million in 2016.<br/><br/> The company which is involved in the development of various projects in Abu Dhabi and Dubai said that it started the

RAK Properties posts 10% jump in net profit for 2017
(Gulf News - 16/02/2018)

RAK Properties reported on Thursday a 10 per cent increase in its net profit for 2017, reaching Dh192 million from Dh175 million in 2016. Revenues of the company for 2017 were at Dh313 million. Net operating profit of the Abu Dhabi listed firm increased

Union Properties swings to 2017 net loss
(Trade Arabia - 16/02/2018)

Union Properties, a leading real estate developer in the UAE, has reported a net loss of Dh2.3 billion ($626 million) for the 12 months ending December 31, 2017 (equivalent to Dh0.55 loss per share) compared to a net profit of Dh211 million in the

Aldar Properties offplan sales hit $952m in 2017
(Trade Arabia - 16/02/2018)

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said it has delivered a robust performance across its two business pillars in 2017.<br/><br/> Announcing the results for the full-year 2017, Aldar stated that its underlying gross

Emaar records Dhs5.704b profit in 2017
(The Gulf Today - 15/02/2018)

Emaar Properties recorded a net operating profit of Dhs5.704 billion ($ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of Dhs4.917 billion ($1.339 billion). <br/><br/> Total

Drake & Scull International swings to Q4 profit
(Trade Arabia - 15/02/2018)

Drake & Scull International, a regional leader in engineering and construction services, is back in the black with a net profit of Dh700,000 ($190,549) for the fourth quarter in 2017 compared to a net loss of Dh359 million the previous quarter.<br/><br/>

DAMAC Properties reports net profit of AED 2.8 billion
(Press Release - 14/02/2018)

DAMAC Properties Dubai Co., announced financial results for year ended 2017, reporting total revenue of AED 7.5 billion, a 4 % increase over last year and net profit of AED 2.8 billion.<br/><br/> DAMAC also announced it has delivered 20,236 units as of

Arabtec Holding announces yearly 2017 results
(Press Release - 14/02/2018)

Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, today announced its 2017 preliminary unaudited financial results. The Group reported a net profit to parent of AED 123.1 million on revenue of AED 9.1 billion for the 12

Emaar Development 2017 net profit surges 30pc
(Trade Arabia - 14/02/2018)

Emaar Development, the UAE build-to-sell property development business unit of Dubai-based Emaar Properties has recorded a net profit of Dh2.74 billion ($747 million) for 2017, up 30 per cent over a net profit of Dh2.11 billion ($575 million) the year

Emaar Entertainment to launch virtual reality park
(Trade Arabia - 14/02/2018)

Emaar Entertainment, the leisure and entertainment subsidiary of Emaar Properties, has announced a first-of-its-kind attraction – VR Park offering a range of virtual reality and augmented reality experiences.<br/><br/> Designed to #ChallengeReality, the

Emaar Malls records 11% surge in net profit at Dhs2.080b
(The Gulf Today - 13/02/2018)

Emaar has recorded a net profit of Dhs2.080 billion ($566 million) in 2017, 11 per cent higher than the net profit of Dhs1.874 billion ($510 million) during 2016. Revenue for full-year 2017 was Dhs3.629 billion, a growth of 12 per cent over 2016 revenue

Damac awards construction contracts
(The Gulf Today - 12/02/2018)

Damac Properties has awarded, among others, a construction contract to Emirates Electrical Engineering LLC (EEE) for a third 132/11KV substation at its 55 million square foot master community, AKOYA Oxygen. The new substation will feed power to a further

Barwa Real Estate Group net profit up 6% to QR1.7bn in ’17
(Gulf Times - 11/02/2018)

Barwa Real Estate Group has posted a 6% growth in net profit to reach QR1.7bn in 2017, it was announced. The group’s real estate portfolio has grown to include 6,639 housing units, 12,706 worker rooms, and 265,000sqm of shops, showrooms, and offices. The

Emaar profits hit $1.8bn in 2017
(Trade Arabia - 10/02/2018)

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.<br/><br/> The figure is an increase on the $1.43 billion profits reported in 2016. <br/><br/>

Emaar Properties made $1.8b in 2017, worried on 2019
(Gulf News - 09/02/2018)

Emaar Properties made $1.8 billion (Dh6.61 billion) in profit and close to $5 billion in sales in 2017, the chairman of Dubai’s largest listed developer said ahead of its full year results.<br/><br/> The developer of the Burj Khalifa, the world’s tallest

Subsequent to Taleem REIT Fund signs MOU with Al Rajhi United
(Tadawul - 06/02/2018)

Subsequent to Taleem REIT Fund announcement on 10/04/1439H corresponding to 28 Dec 2017 regarding Taleem REIT Fund signing a MOU with Al Rajhi United to acquire an educational real state located in Al Nuzha district in Riyadh, Saudi Fransi Capital is

Barwa & IQ outperform GCC equities in January
(The Peninsula - 05/02/2018)

Qatar’s Barwa Real Estate and Industries Qatar (IQ) have emerged as top performers among GCC equities during the month of January 2018. Barwa outperformed GCC equities after surging 19 percent, according to Al Rayan Investment’s global market snapshot

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