Real Estate

DUBAI / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a net profit of AED1.506 billion ($410 million) during first nine months (January to September) 2017, a growth of 6 percent over the net profit of AED1.422 billion ($387 million) during the same period in 2016. Total revenue for first nine months was ...

DUBAI / WAM Dubai Land Department (DLD) announced the winners of the Tycoon Real Estate Awards at a ceremony that was held earlier this month at the Taj Mahal Hotel during the Dubai Property Show Mumbai 2017.The ceremony was attended exclusively by leading developers who are driving the success of the UAE’s real estate sector. Her Excellency Majida Ali Rashid, ...

Dubai / Emirates Business Following the announcement of its strategic partnership with Dubai Land Department (DLD) earlier this year, Azizi Developments – the fast-growing real estate developer operating in the UAE – is participating in the Dubai Property Show in Mumbai, India from November 3-5. Azizi Developments and DLD are working together jointly in a series of road shows to ...

Dubai / Emirates Business MAG Property Development (MAG PD), the real estate development arm of the MAG Group, is participating in the Dubai Property Show Mumbai 2017, which runs until November 5. Talal Moafaq Al Gaddah, CEO of MAG PD, commented: “Dubai Property Show provides us with a valuable opportunity to reach out to Indian investors, who lead foreign real ...

DUBAI / WAM Dubai Land Department (DLD) announced that over AED 1.3 billion worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of September this year, with a total number of 6,200 active brokers working in Dubai’s real estate market. Real estate brokers achieved these commissions after securing land, ...

DUBAI / WAM Real estate master developer Nakheel is heading to India with a diverse range of investment opportunities and incentives as it attends the Dubai Property Show (DPS), in Mumbai for the third consecutive year. Nakheel is offering completed, ready- to-move-into apartments, townhouses and villas. Special incentives, including extended payment plans, are also available for DPS visitors who purchase ...

DUBAI / Emirates Business Dubai Land Department (DLD) has revealed that the value of real estate investments made in the first nine months of this year exceeded AED 84 billion. Over this period, a grand total of 30,941 investors made 40,543 transactions. According to the report, over 7,841 Gulf nationals made 11,000 transactions worth nearly AED 29.5 billion. The Dubai ...

RIYADH / Reuters Emaar Properties expects to pay a special dividend to shareholders by December or January from proceeds of a partial listing of its real estate business, the property developer’s chairman said on Tuesday. Dubai’s largest listed property developer had said on Sunday it expects to list 20% of Emaar Development. It has received shareholder approval to list up ...

DUBAI / Emirates Business wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, has taken a leading position in Dubai’s freehold market following the announcement of its flagship freehold project, wasl1. The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s ...

Bloomberg The company that helped build entire neighbourhoods in Dubai plans to sell part of its business in the UAE in an initial public offering. Emaar Properties PJSC, which spearheaded a building boom in the emirate over the past 15 years and built the world’s tallest skyscraper in Dubai, will sell 20 percent of its real-estate development business, according to ...