• 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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  • Deyaar profits plunge 43.7% to Dh36.7 million in H1 2019

    Dubai, UAE Deyaar Development, one of Dubai’s leading property developers and real estate service providers, reported a 43.7 percent drop in net profits for the first half of 2019, to Dh36.7 million, down from Dh65.2 million recorded in the second half of 2018. The company reported revenues of Dh337.6 million in H1 2019, an increase […]

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  • Emaar Malls reports 3% growth in net profits to $308 million in half-year 2019

    Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a 3 percent increase in net during the first six months (January to June) of 2019 to Dh1.13 billion (US$308 million), compared to the net profit of Dh1.1 billion (US$300 million) during the same period in 2018. Its half-year revenue grew 6 […]

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  • Emaar launches fifth phase of Expo Golf Villas with prices starting from Dh1.07 million

    Following the sell-out response to the previous launch of four phase of Expo Golf Villas in Emaar South, global real estate developer Emaar has announced the launch of the fifth phase of the highly sought-after residences, only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport. The […]

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  • Property prices and rents continue to decline amid new supplies of residential stock

    Average apartment prices declined 15.1 percent and villa/townhouse prices declined by 14.7 percent in Q2 2019 from a year ago, according to a report by Cavendish Maxwell. During the same period, rental declines for apartments in Dubai averaged 12.5 percent and villas/townhouses similarly registered a fall of 12.6 percent. Off-plan transfers continued to dominate in […]

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