• Wasl to deliver 3,866 apartments in 35 buildings in Warsan ahead of Expo 2020

    Dubai, UAE: Wasl Properties, a subsidiary of Wasl Asset Management Group, said, construction on its Warsan project is well underway for a timely delivery for Expo 2020. The Warsan project will comprise 35 buildings in a community-style layout that when completed will provide 3,866 residential units — 3,380 shared units, 360 studio units  and 126 […]

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  • Dubai Land Department releases prisoners in rental cases

    Dubai Land Department (DLD) said it will release 22 prisoners in rental cases, as part of a compassionate scheme and in line of the Year of Tolerance – celebrated across the year in 2019. However, the release of the rent offenders comes as after a young UAE businessman donated a substantial amount that covered a […]

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  • 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 […]

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  • 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 […]

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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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