Dubai's Emaar Malls says 2016 dividend unchanged on year
(Gulfnews - 28/02/2017)
Dubai's Emaar Malls said on Monday its board had recommended paying a cash dividend of 0.1 dirham ($0.03) per share for 2016. The dividend would be the same as the payout for 2015. Emaar Malls, part of Emaar Properties, reported a 3.9 per cent rise in
Aldar mid-market focus signals coming surge in Abu Dhabi property
(The National - 27/02/2017)
The Abu Dhabi property market is poised to experience a Dubai-like growth surge over the next three years as Aldar Properties starts to capitalise on pent-up demand for mid-income housing, a report claims. According to Reidin/Global Capital Partners,
Dubai's Emaar opens property showcase in London's Harrods store
(The National - 23/02/2017)
Dubai's biggest developer, Emaar, has opened a new showcase for its latest properties in Dubai - in Harrods, the department store in London - in a fresh push to tempt overseas buyers to offset a softer market at home. The new, specially designed
Seef Properties 2106 profit surges 12.2pc
(Trade Arabia - 22/02/2017)
Seef Properties, a leading integrated development company in Bahrain, said it has registered a net profit of BD11.04 million ($28.3 million) for 2016, up 12.2 per cent over the previous year. Announcing the financial results for the year ended on
RAK Properties 2016 profits up 9.4pc to $48m
(Trade Arabia - 20/02/2017)
Ras Al Khaimah property developer, RAK Properties, has reported net operating profits of Dh175 million ($47.6 million) during 2016, as against Dh160 million in the previous year, marking a 9.38 per cent increase. The developer stated that it achieved
Damac officially opens Trump golf course in Dubai
(Trade Arabia - 19/02/2017)
Damac Properties, a leading developer of luxury properties in the UAE, has officially opened the Trump International Golf Club Dubai at its key property Damac Hills in Dubai, UAE. To mark the launch, Damac Properties led a golf course tour, with guests
Emaar's net profit soars 28% in 2016
(Saudi Gazette - 15/02/2017)
Global developer Emaar Properties PJSC recorded a robust full-year 2016 net profit of AED5.233 billion ($1.425 billion), 28 percent higher as compared to the FY 2015 net profit of AED4.082 billion ($1.111 billion). Emaar achieved FY 2016 revenues of
RAK Properties profits from Mina Al Arab handovers
(The National - 13/02/2017)
RAK Properties, the developer backed by the Ras Al Khaimah government, posted a 9.1 per cent increase in profit last year as the company benefited from handing over properties at its Mina Al Arab development in RAK despite a slowing property market. The
DAMAC reaffirms position as luxury master developer
(Saudi Gazette - 09/02/2017)
DAMAC Properties, a leading luxury real estate developer in the region, today announced a significant number of milestones achieved at its premiere golf master planned community, 'DAMAC Hills', featuring Trump International Golf Club Dubai at its center.
Barwa Real Estate 2016 net profit jumps 353% to QR1.6bn
(Gulf Times - 08/02/2017)
rwa Real Estate Group has posted a net profit of QR1.6bn in 2016, up 353% on the previous year, the company announced yesterday. Barwa's consolidated financial results "reveal" an improvement in the operating revenues of the group by QR48mn amid an
Emaar announces sponsorship of Microsoft Imagine Cup UAE
(The Gulf Today - 07/02/2017)
Global developer Emaar Properties has announced its sponsorship of the Microsoft UAE Imagine Cup 2017 student competition, which will hold its regional heats in April this year. The partnership with Microsoft Gulf reflects Emaar's focus on nurturing the
Emaar Malls posts 13% jump in 2016 net profit
(Gulf News - 01/02/2017)
Developer Emaar Malls, the retail business majority-owned by Emaar Properties, recorded a net profit of Dh1.874 billion for 2016, it said in a statement on Tuesday, adding that it was a 13 per cent increase on previous year's net profit of Dh1.656
Foster + Partners wins Makkah luxury hotel project
(Trade Arabia - 01/02/2017)
Foster + Partners, a leading UK-based architectural firm, said it has secured a major contract from leading Saudi real estate group Jabal Omar Development to design the masterplan of a luxury hotel and serviced apartments project in the heart of Makkah
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