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3-day International Property Show returns for the 16th time in UAE

Dubai Property Festival will feature the 16th edition of International Property Show (IPS) in partnership with Dubai Land Department and...

Damac Properties reports Dh36.8 million losses in 2019

Dubai, UAE Damac Properties, the largest private real estate developer in Dubai recorded a Dh36.87 (US$10 million) net loss in...

71,000 new homes to drive UAE property prices further down

Dubai, UAE, Property prices in the UAE continue to soften despite showing signs of improvement in 2019, according to a...

Abu Dhabi-based ESIC invests Dh1 billion to acquire two mixed-use properties

Abu Dhabi, UAE Emirates Strategic Investments Company (ESIC), an Abu Dhabi-based investment company, said it has acquired two iconic, income-generating, mixed-use...

Dubai with $611 billion worth of projects, tops mega cities list for construction in 2019

Dubai topped the list of Construction Mega Cities, with total project values amounting to US$611.2 billion, ahead of London in...

UAE developer Eagle Hills enters Ethiopia to deliver 4,000 homes

Dubai, UAE Eagle Hills, a UAE-based master developer of mixed-use communities, has entered Ethiopia with La Gare – a mixed-use...

Rental value of commercial space leased to companies reached Dh26.2 bn

Dubai, UAE The total rental value of commercial space leased to companies reached D26.2 billion (US$7.13 billion) in 2019, according...

Emaar Properties launches Burj Crown in Downtown Dubai

Dubai, UAE Emaar Properties, developer of the world’s tallest tower Burj Khalifa, unveiled Burj Crown, a 44-storey residential tower located...

Danube Properties completes Dh300 million ‘Royal Magical’ Resortz project

Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in...

Project News

Damac Properties reports Dh36.8 million losses in 2019

Dubai, UAE Damac Properties, the largest private real estate developer in Dubai recorded a Dh36.87 (US$10 million) net loss in 2019, compared to Dh1.15 billion (US$313 million) net profit recorded in 2018. The losses incurred despite the delivery of around 4,700 units, it said. Total revenue for the year 2019 stood at Dh4.4 billion. Shareholders’ […] Read More

Realty Bytes

Damac Properties reports Dh36.8 million losses in 2019

Dubai, UAE Damac Properties, the largest private real estate developer in Dubai recorded a Dh36.87 (US$10 million) net loss in 2019, compared to Dh1.15 billion (US$313 million) net profit recorded in 2018. The losses incurred despite the delivery of around 4,700 units, it said. Total revenue for the year 2019 stood at Dh4.4 billion. Shareholders’ […] Read More

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