Wednesday 26 November 2014
 
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Dubai developer

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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Damac to launch new hospitality firm

Luxury 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

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Damac to launch new hospitality firm

Luxury 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

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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

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Nakheel wrote off $21.4bn in property crash

Dubai 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

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