Damac to approve dividends at AGM on April 16
(Gulfnews - 30/03/2017)
Damac Properties said on Wednesday it plans to hold its annual general meeting on April 16, when shareholders will approve dividends for last year among other items on the agenda. The board had approved a distribution of cash dividend to shareholders
Al Mazaya posts $33.6m profit
(Gulfnews - 29/03/2017)
Al Mazaya said it posted a net profit of 10.25 million Kuwaiti dinars ($33.6 million; Dh123.4 million) - a 10.2 per cent rise from last year. Following the positive financial results achieved for 2016, the company's board of directors recommended the
Emaar Malls' $800 million bid for Souq.com to challenge Amazon
(Reuters - 27/03/2017)
Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com [IPO-SOUQ.DU], setting up a potential bidding war with Amazon.com. Emaar Malls' bid has so far not been accepted by
Emaar Malls bids for Souq.com to challenge Amazon
(Trade Arabia - 26/03/2017)
Emaar Malls, the shopping-centre arm of leading property developer Emaar, has made a bid for Dubai online retailer Souq.com, seeking to challenge an existing offer from online retail giant Amazon, according to a report. The unit of Emaar Properties
Jabal Omar to sell key Makkah real estate assets for $1.6bn
(Trade Arabia - 23/03/2017)
Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, said it has reached an agreement with Alinma Investment Company for the sale of its key assets in Makkah including three major hotels and a shopping
Shurooq, Emaar, Eagle launch Dhs2.47b projects
(The Gulf Today - 22/03/2017)
Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth Dhs2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to
DAMAC facilitates home financing worth AED600m
(Saudi Gazette - 22/03/2017)
DAMAC Properties, a leading luxury real estate developer in the region, has announced that its in-house mortgage department has so far facilitated home financing worth AED600 million for hundreds of units across the UAE. DAMAC Properties is the only
Aldar to further develop Yas, Reem
(Saudi Gazette - 21/03/2017)
Aldar Properties PJSC, Abu Dhabi>s leading listed property development, investment and management company, announced Monday further details of its current investment program. This program will expand Aldar's asset management portfolio, driving growth of
Deyaar chief looks to drive Dubai developer's recurring income
(The National - 16/03/2017)
Deyaar's plan to generate more recurring revenue has come a step closer as the Dubai developer's nearly 1,000 hotel rooms and serviced apartments will be ready for occupancy by October next year. The company only has a handful of retail units within its
Seef approves $16.9m cash dividends for 2016
(Trade Arabia - 15/03/2017)
Seef Properties, a leading real-estate development company in Bahrain, has approved the distribution of a cash dividend of 14 per cent equivalent to BD6.44 million ($16.9 million) at BD 0.014 per share to the shareholders for 2016. The announcement was
Deyaar working on four projects worth Dhs2.7b
(The Gulf Today - 14/03/2017)
Deyaar Development is currently working on developing 4 projects in the residential and hospitality sector for a total cost of up to Dhs2.7 billion, said Saeed Al Qatami, CEO, adding that two of these projects, Mont Rose and Atria, are expected to be
Deyaar working on four projects worth Dhs2.7b
(The Gulf Today - 14/03/2017)
Deyaar Development is currently working on developing 4 projects in the residential and hospitality sector for a total cost of up to Dhs2.7 billion, said Saeed Al Qatami, CEO, adding that two of these projects, Mont Rose and Atria, are expected to be
Emaar Properties might still see more downside
(Gulfnews - 08/03/2017)
Emaar Properties may remain under pressure for a few more sessions, which might weigh on the Dubai index. Fund managers said that traders feel that the stock may hit the short-term upside, and prefer to continue booking profits making use of the dividend
Ezdan Holding posts 9% jump in 2016 net profit to QR1.81bn
(Gulf Times - 02/03/2017)
Ezdan Holding Group has reported a 9% jump in net profit to QR1.81bn, translating into earnings-per-share of QR0.68 at the end of 2016. The board has recommended 5% cash dividend to be approved by shareholders at the annual general assembly meeting
Damac awards Business Bay tower contract
(Trade Arabia - 02/03/2017)
Damac Properties, a leading luxury real estate developer in the region, has awarded a contract worth Dh200 million ($54.4 million) for implementing the main works at its residential project Merano Tower in Business Bay, Dubai. A 29-storey residential
Emaar reveals a 72-storey hotel for the Downtown
(Gulfnews - 02/03/2017)
Emaar's hospitality division has announced plans for an architecturally distinctive property in Downtown Dubai, an address that already has its fair share of attractions. The latest launch is a 72-storey curvilinear tower that will be a lifestyle resort
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