• Yardi Platform Aligns Rents with RERA Rental Index

    Yardi Systems, a global property and asset management solutions provider, has recently aligned its Residential Property Management solutions – RENTCafé CRM and RENTCafé –  as per the ruleset of Dubai Land Department’s Rent Calculator that will help tenants and landlords to adjust rents when the facilities come up for renewal. “We have recently developed a Rent Calculator solution within our residential marketing and […]

    Read More
  • Damac Properties net profit plunges 90.5% to Dh81.63 million in the first half of 2019

    Damac Properties net profit plunged 90.53 percent to Fh81.63 million in the first half of 2019, down from Dh862 million recorded in the first half of 2018, its half yearly reports show. The developer reported a total revenue of Dh1.9 billion, with booked sales reported at Dh1.8 billion during the first half of 2019. Gross […]

    Read More
  • 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 […]

    Read More
  • Emaar Malls reports 3% growth in net profits to $308 million in half-year 2019

    Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a 3 percent increase in net during the first six months (January to June) of 2019 to Dh1.13 billion (US$308 million), compared to the net profit of Dh1.1 billion (US$300 million) during the same period in 2018. Its half-year revenue grew 6 […]

    Read More
  • Emaar launches fifth phase of Expo Golf Villas with prices starting from Dh1.07 million

    Following the sell-out response to the previous launch of four phase of Expo Golf Villas in Emaar South, global real estate developer Emaar has announced the launch of the fifth phase of the highly sought-after residences, only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport. The […]

    Read More