• Ithra Dubai partially opens the Dh5 billion Deira Enrichment Project

    Gulf Property Exclusive Dubai Ithra Dubai, a Dubai Government-owned master developer of the Dh5 billion Phase 1 of the Deira Enrichment Project, opened the first four buildings, part of District 3 of Phase 1 of the massive mixed-use master-planned community, for tenants to move in to the first such major development on the Deira side […]

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  • 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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  • Sobha Realty to launch US$15 billion mega township project

    Sobha Realty, a UAE-based developer, will soon launch a mixed-use master-planned community that could be four times larger than its US$4 billion (Dh14.68 billion) Sobha Hartland, a top official told Gulf Property. “We are preparing to make the announcement in the next few weeks and the new project will be at least three to four times […]

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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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