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Investcorp acquires key properties in USBahrain Bourse-listed Investcorp, a leading provider and manager of alternative investment products, has acquired five office properties in the US, with a combined value of approximately $200 million, a report said. The acquisitio More… |
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Dubai Investments Q3 profit soars to $22mUAE conglomerate Dubai Investments said its third-quarter net profit more than doubled to Dh81.4 million ($22.16 million) as it booked gains in the value of its investment properties. The company, in which sovereign fund Investmen More… |
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Aabar unit sheds expat staff: sourcesA unit of Abu Dhabi's Aabar Investments, which has stakes in Daimler and Unicredit, has begun shedding expatriate staff as its steps up a policy of hiring UAE nationals, or emiratisation, three sources said on Thursday. Across the Gulf, Ar More… |
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ME investors eyeing London propertiesThe Central London residential market is becoming increasingly attractive to Middle East investors, according to the latest Central London Residential Market report published by real estate investment expert Jones Lang LaSalle. In 2011, th More… |
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Sorouh's 2011 net profit jumpsAbu Dhabi developer Sorouh Properties posted sharply higher full-year profit on Wednesday, partly on lower impairments and a gain on sale of assets. Sorouh said it had 2011 net profit of 334.7 million dirhams ($91.12 million), compared to More… |
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Emaar signs new $1 billion financing facilityEmaar Properties has signed a new Islamic and conventional financing facility amounting to Dh3.6 billion ($1 billion). The facility was signed with Dubai Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank as mandated lea More… |
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New corporation to manage Dubai propertiesDubai has set up a corporation to own and manage all property registered in the name of the government, the state news agency Wam said on Sunday. The new Dubai Real Estate Corporation will operate on a commercial basis and have financial a More… |
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Aldar sees return to profit this yearIndebted property developer Aldar Properties expects to return to profit in 2011, a spokesman for the company said on Tuesday confirming guidance given to investors by its chief financial officer. 'Aldar confirms the More… |
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Dubai Holding CEO takes helm at property unitDubai Holding's chief executive took the helm of its property unit in a move likely aimed at assuring investor confidence after the division's chairman was ordered by a Dubai watchdog to face questioning over suspected wrongdoings. More… |
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Commercial property prices 'set to fall'Commercial property prices globally will continue to fall this year and will not bounce back before next year, according to a top real estate investment report. The DTZ Money into Property report 2009 was launched at the Ritz-Carlton Bahra More… |
