Thursday 30 July 2015
 
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Seef Properties gains rise 27pc to $11.5m

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

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Msheireb chief wins ‘Best CEO’ award

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

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160 Indian developers to lure NRIs at Dubai expo

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). The R

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Abu Dhabi broker nets big deals at Cityscape

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,

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Damac Q1 net profit plunges 38pc

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.

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ME buyers pump $14bn in overseas properties

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

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Saudi Arabia to expropriate 749 properties

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

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Damac unveils bumper week of promotions

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

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MAF Properties names new CEO

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

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Expert calls for real estate sector database in Bahrain

A real estate expert called for a database to list every kind of information on properties in Bahrain to safeguard the rights of buyers, sellers and brokers. Premium eBusiness Solutions managing director Sadaqat Sattar has propose

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