Mubadala's deputy group CEO to lead Arabtec as chairman
Arabtec, the UAE's largest-listed contractor, has appointed Mubadala Investment Company's deputy group chief executive Waleed Al Muhairi to lead the firm as chairman, as the construction firm continues to stabilise its business amid...
Azizi Developments sees Dubai property sector recovering in...
Dubai developer Azizi expects the emirate’s property market to bounce back early next year, as it looks to raise $300 million (Dh1.1 billion) from a sukuk issue to finance its expansion.
Chief executive Farhad Azizi said there was an increase...
Dubai rents fall fastest in global prime cities index but...
Dubai witnessed the steepest fall in rents in a global index of prime properties, but the emirate still offers investors one of the most attractive rental yields in the world, according to a study by Savills.
The new Savills Prime Index: World...
Emaar Properties reports 1% rise in profits as income...
Emaar Properties, Dubai's largest listed developer by market capitalisation, reported a 1 per cent increase in its full-year 2019 profit as income rose and expenses dropped.
Net profit for the period ending December 31 climbed to Dh6.2 billion,...
Emaar says it is evaluating financing options including...
Dubai’s Emaar Properties is evaluating various financing options including asset sales, as the developer looks to simplify its business and achieve higher value.
Emaar, the biggest UAE developer by market capitalisation, "is...
Dubai property: Government initiatives to boost demand in...
Major steps by the government and an increased number of pro-growth initiatives over the past year are expected to boost sentiment and drive demand in the UAE’s real estate market in 2020, according to the latest report from consultancy...
Dubai continues to grow as a logistics hub ahead of Expo...
Dubai continues to be the Middle East’s logistics hub, with the industry clocking steady growth ahead of Expo 2020, according to the latest report from Deloitte.
The report titled, Middle East Real Estate Predictions, examines the performance...
No developer can impose rules on holiday homes in Dubai
Dubai: No developer or owners association (OA) in Dubai can bar licensed holiday home operators from their buildings or communities.
This has been made explicitly clear by a new directive issued by Dubai Tourism and Commerce Marketing (DTCM) in its...
