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...
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 latest report by Knight Frank....
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 properties in the United...
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,...
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...
