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...
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,...
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...
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...
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...
