Saturday 30 August 2014
 
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rela estate

Sharjah projects awards to hit $3bn

The total value of project awards for Sharjah this year could reach $3 billion, which is 25 per cent higher than 2013 and would represent Sharjah’s best ever year, said Meed Projects. Over the two years to the end of 2013 a

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Palm Hills slumps to Q3 net loss

Egyptian real estate group Palm Hills, the country's second-biggest listed developer, dropped to a third-quarter net loss on Thursday, hit by weaker revenue. The firm, battered by land probes and cancellations after the uprising that toppl

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Sorouh plans $381m spend in H2

Sorouh Real Estate, which reported a four-fold surge in second-quarter profit on Thursday, plans to invest 1.4 billion dirhams ($381 million) in completing and delivering its existing projects until year-end. Abu Dhabi's second-largest dev

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Apartment rentals down 9pc in Abu Dhabi

Apartment rental prices declined by an average 9 per cent during the second quarter in Abu Dhabi as new stock continued to enter the UAE capital's housing market, a report said. However, rents for quality villas, which are still in sho

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Palm Hills swings to net loss in Q1

Palm Hills, Egypt's second-biggest listed developer, swung a first-quarter net loss of 36.2 million Egyptian pounds ($1.6 million), the stock exchange said on Tuesday.    Palm Hills, being hit by the political turmoil that

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Nasr City Housing to start $3.4bn project

Egyptian property developer Nasr City Housing is preparing to start work on its 3.5 million square metre, $3.4 billion-plus Tigan project, a report said. Tigan will include mixed-use housing units and is expected to be completed in seven y

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Mena unrest 'dampens property market'

Unrest in the Middle East and North Africa region will lead to delays and cancellations of many real estate projects and may dampen the outlook of regional property markets, a Standard & Poor's report said. The ratings agency said poli

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Limitless set for six-month loan delay

Dubai World's real estate development unit Limitless is set to delay repayment of a $1.2 billion loan for six months, two sources familiar with the matter said, as the emirate's debt worries drag on. The delay will allow the compan

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Amlak property portfolio worth $1.2bn

Amlak Finance said the value of its real estate investment portfolio grew to more than Dh4.5 billion ($1.2 billion). This follows the acquisition of six million square feet of land from the government of Dubai. The land, which is

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