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Global construction output growth will decline to 2.7% in 2019, says GlobalData

Dubai, UAE Global construction industry growth pace to decline to 2.7 percent in 2019, said a latest report by GlobalData, a leading data and analytics...

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...

UAE-based IBC Group to acquire 10,000 holiday homes worth US$5 billion in Dubai

Berkshire Hathaway HomeServices Gulf Properties mandated to execute transactions exclusively UAE-based IBC Group said, it intends to acquire 10,000 premier properties in Dubai, worth US$5...

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...

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