Dubai's Damac Properties on Wednesday said its second-quarter profit more than tripled as its subsidiary's revenue rose.
The privately run developer, which listed on Dubai's bourse in January, reported a net profit of
Seef Properties has reported a 27 per cent rise in net profit at BD4.35 million ($11.5 million) for the first six months when compared with BD3.43 million ($9 million) recorded during the same period last year.
A statement by the
Leading Qatari real estate company Msheireb Properties’ chief executive officer was named the ‘Best CEO’ at the Qatar Today Business Excellence Awards held recently in Doha.
Abdulla Hassan Al Mehshadi accepted th
A total of 160 leading developers from all states in India will aim to cater to the growing demand of the non-resident Indians (NRIs) for properties at a major real estate exhibition opening in Dubai, UAE, tomorrow (May 15).
Nationwide Middle East Properties, a leading real estate brokerage company in Abu Dhabi, UAE, said it has sold out 60 per cent of the projects launched during the Cityscape Abu Dhabi.
The UAE capital’s largest property show,
Damac Properties, a leading luxury project developer in Dubai, UAE, said its first-quarter net profit fell 38 per cent despite surging revenue because a year earlier its bottom line benefited from a big one-off gain from an associate.
Middle Eastern buyers have invested a total of $14.1 billion outside their home region in 2014, making the Middle East the third largest source of cross-regional capital globally, said a report.
Europe remains the preferred market
Saudi government is set to expropriate more than 749 properties around the country at a cost of SR466.4 million ($124 million) for future infrastructure projects, said a report.
The Ministry of Municipal and Rural Affairs has alre
Damac Properties, a leading luxury real estate developer in Dubai, UAE, has kicked off its biggest week of pre-summer promotional offers on luxury living experiences since 2010.
The company has announced a programme of easy paymen
Majid Al Futtaim (MAF), the leading retail and leisure pioneer across the Middle East and North Africa (Mena), has appointed Bertrand Julien-Laferriere as the new chief executive officer of its property unit.
The appointment will