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Deyaar sees profitable 2012, upbeat on DubaiProperty developer Deyaar is predicting a profitable 2012, pinned on a recovery in the real estate market and increased revenues from sales, the company's chief executive said on Tuesday. Deyaar, badly hit by Dubai's prope More… |
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Nakheel H1 profit hits $143 millionNakheel, the Dubai-owned developer whose extravagant projects spurred the emirate's debt crisis, reported a first-half net profit of Dh526 million ($143.2 million) on Monday, as it handed over projects stalled in the aftermath of the prop More… |
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Damac at London’s global property awardsUAE-based luxury developer Damac Properties will represent Arabia next month in London at the world’s most prestigious real estate competition, the International Property Awards. The UAE-based developer will represent the Arabian region in More… |
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Damac to launch new hospitality firmLuxury developer Damac Properties is set to unveil its new serviced apartment offering, ‘Damac Suites and Spa’ at the 'Cityscape Global' expo which opens in Dubai on Tuesday. A premier real estate exhibition, Cityscape Global More… |
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Damac to launch new hospitality firmLuxury developer Damac Properties is set to unveil its new serviced apartment offering, ‘Damac Suites and Spa’ at the 'Cityscape Global' expo which opens in Dubai on Tuesday. A premier real estate exhibition, Cityscape Global More… |
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Emaar 'planning to sell key Dubai hotels'Dubai developer Emaar Properties is looking to sell two hotels in its Downtown Burj Dubai development, according to a report on Wednesday. Arabian Business, citing unnamed sources, said on its website that the developer of the world's More… |
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Nakheel wrote off $21.4bn in property crashDubai developer Nakheel, which completed a complex debt restructuring last month, wrote off up to Dh78.6 billion ($21.4 billion) of its real estate assets due to a property crisis in the emirate, according to a bond prospectus. Nakheel, wh More… |
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Union Properties Q1 net profit jumps 64pcUnion Properties said on Monday its first quarter profit jumped 64 per cent, as revenues of the Dubai-based developer increased with handover of some of its properties. The third largest developer in Dubai made a net profit of Dh82 million More… |
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Deyaar shelves 25pc of projects as crisis bitesDubai developer Deyaar said on Wednesday it would put at least a quarter of projects on hold and offer customers more flexible payment options as the financial crisis hits Gulf trade hub's property sector. 'The company will hold ba More… |
