• Gulf Property partners with International Business Excellence Awards to support real estate sector

    Dubai, UAE: As businesses undergo migration in systems, services and transformation to offer better services, it is important to recognise and reward them. Awards are one good way to recognise and reward them. Awards International, which excels in developing industry awards, has recently launched the International Business Excellence Awards to promote transparency, best practice and […]

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  • Emaar Properties’ H1 net profits fall 35.48% to Dh2 billion due to Covid-19

    Dubai, UAE Emaar Properties’ net profit for the first half of 2020 plunged 35.48 percent to Dh2 billion mainly due to Covid-19 pandemic and subdued demand, down from Dh3.1 billion recorded in the corresponding period last year. The developer of Burj Khalifa – the world’s tallest tower recorded revenues of Dh9.03 billion (US$2.46 billion), despite […]

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  • Emaar Malls profit plunges 69% to US$94 million in first half of 2020

    Dubai, UAE Coronavirus pandemic and subsequent lockdown caused a 69.48 percent fall in the net profits of Emaar Malls to Dh345 million (US$94 million), in the first half of 2020, compared to Dh1.13 billion (Dh308 million) recorded in the corresponding period last year. Shopping malls in Dubai were closed down for nearly two months from March […]

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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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  • Cities that adapt to new economic models compete best in real estate sector

    UAE Cities that adapt to new economic models, such as the innovation economy, experience economy, sharing economy and circular economy, will enjoy new sources of real estate demand and attract higher cross-border investment, according to a latest report by Jones Lang LaSalle (JLL), a global real estate advisory. The report titled ‘Demand and Disruption in […]

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  • Arada sells 5,000 units as interest in new communities in Sharjah gathers pace

    Sharjah, UAE Sharjah-based property developer Arada said, it has sold 5,000 units, a little over two and a half years since it launched its first project, creating a new milestone in real estate sector. The UAE developer reached the milestone following an exceptional sales performance in the year so far, which has been driven by […]

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  • Drake & Scull International puts travel ban against former manager, seeking seizure of properties

    Dubai, UAE The new management of the troubled construction company Drake & Scull International, said, it has secured a travel ban against an executive manager of the company and sought seizure of his properties to recover losses made by the previous management. “DSI has already filed 15 criminal complaints against the previous management, members of […]

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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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  • Star Business Centre launches attractive summer promotion to help Start-ups and SMEs in Dubai

    Star Business Centre, which operates three business centres in Dubai, has launched a summer promotion for start-ups and small businesses,including Serviced Office for Dh9,999, Smart Office for Dh14,999 and Dedicated Office for Dh19,999 per annum that includes rent of office space, utility, telecom as well as support services including maintenance, secretarial and Ejari rent registration […]

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  • AAA Associates becomes the first Gulf-based immigration advisory to open an office in the Caribbean

    Dubai-based AAA Associates immigration advisory has expanded its operation in the Caribbean region by opening an office in Dominica that will help the company serve its growing immigration clientele better and offer greater services till they obtain a their second passport.  AAA Associates is the first Middle Eastern based immigration consultancy to open an office […]

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