• Heart of Europe expands operations of Coral Institute – the Middle East’s first such initiative to promote marine life

    Dubai, UAE: Developer Kleindienst Group enhances sustainability and marine life programme with the Coral Institute 2020 plan that includes carpet sharks, the seahorse’s nursery and a rehabilitation initiative Kleindienst Group, developer of the master-planned Heart of Europe destination island, today announces the Coral Institute’s 2020 plan and the achievement of its key milestones. It is […]

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  • Kleindienst shifts operations to The Heart of Europe as the islands remain free from Coronavirus threat

    Dubai, UAE: More than 1,200 professionals, management team members and workers putting all-out efforts to complete Phase I of the US$5 billion Heart of Europe project, as the island remains free from Coronavirus Kleindienst Group, developer of The Heart of Europe – the US$5 billion (Dh18.3 billion) master-planned leisure tourism island destination – has shifted […]

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  • Danube Properties launches Dh400 million Olivz, the first project announcement in Dubai in 2020

    Staff Report Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has launched Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding Dh400 million. The project will be developed in Al […]

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  • 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 community that will deliver 4,000 residential units in its capital city Addis Ababa. “La Gare, one of Ethiopia’s largest mixed-use developments, took a major step forward last week with the launch of its first residential […]

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  • Emaar Properties records 20% increase in Q3 net profit

    Dubai, UAE Emaar Properties PJSC, recorded a 20 percent increase in net profit to Dh1.33 billion(US$362 million) in third quarter (July to September) of 2019, compared to the net profit of Dh1.11 billion (US$302 million) recorded during the same period in 2018. Revenue of Emaar also grew 14 per cent to Dh6.07 billion (US$1.65 billion) […]

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  • Farhad Azizi 2.0: Towards Sustainability

    Gulf Property Exclusive Dubai While the going gets tough, the tough get going. As the real estate market faces another challenging phase with looming oversupply that is putting additional pressure on prices and rents, most real estate companies are undergoing belt-tightening exercises to make their operations lean in order to manage business activities on tight […]

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  • Dubai real estate contribution to GDP nearly doubles to 13.6% in 2018

    The total value of real estate transactions fell 27.8 percent in 2018 to Dh223 billion, declining from Dh285 billion in 2017, according to statistics revealed by Dubai Land Department (DLD). More than 31,000 investors and property buyers sold and purchased land and properties worth Dh223 billion through 41,000 transactions in 2018, DLD said. “The real […]

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  • Deyaar profits plunge 43.7% to Dh36.7 million in H1 2019

    Dubai, UAE Deyaar Development, one of Dubai’s leading property developers and real estate service providers, reported a 43.7 percent drop in net profits for the first half of 2019, to Dh36.7 million, down from Dh65.2 million recorded in the second half of 2018. The company reported revenues of Dh337.6 million in H1 2019, an increase […]

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