Tuesday 26 July 2016
 
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Dubai developer

Deyaar's Q2 net profit falls 17.8pc

Dubai's Deyaar Development reported a 17.8 per cent fall in second-quarter net profit on Wednesday. The company made a profit of Dh60.3 million ($16.4 million) in the three months to June 30, it said in an earnings' statem

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Dubai developer completes City Walk work

UAE-based developer Meraas said the work at its ambitious project, City Walk, a major open-air shopping and entertainment destination in Dubai, is progressing well with the second phase already completed, said a report. The UAE Vice Pre

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Dubai developer completes City Walk work

UAE-based developer Meraas said the work at its ambitious project, City Walk, a major open-air shopping and entertainment destination in Dubai, is progressing well with the second phase already completed, said a report. The UAE Vice Pre

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Emaar Properties Q2 net profit rises 16pc

Dubai's Emaar Properties, builder of the world's tallest tower, reported a 16 per cent rise in second-quarter net profit on Sunday as other income increased and it received more money in income tax credits. The developer,

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Nakheel’s nine-month profit jumps 47pc to $707m

Dubai-based developer Nakheel has posted a net profit of Dh2.60 billion ($707.7 million) for the first nine months of the year, a figure higher than its profit for the whole of 2013. It reflects an increase of 47 per cent on the p

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Damac Q2 profit rises 18pc to $253m

Dubai luxury property developer Damac posted an 18 per cent increase in second-quarter profit and said demand for high-end property would remain strong, despite signs of a slowdown in the emirate's wider real estate sector. Da

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Nakheel targets 15pc rise in annual profit

Dubai property developer Nakheel is a targeting a 15 percent increase in annual profit in 2014 as it launches new projects and expands its leasing income, the firm's chairman said on Wednesday. Government-run Nakheel agreed a

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Deyaar sees profitable 2012, upbeat on Dubai

Property 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

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Nakheel H1 profit hits $143 million

Nakheel, 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

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Damac at London’s global property awards

UAE-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

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