Emaar Properties Posts 12% Net Profit Increase in H1 2016

• Sunday, 31st July 2016
• by Joana Saba

Dubai's Emaar Properties recorded a net profit of AED 2.475 billion ($674 million) in the first six months on 2015, compared to AED 2.205 billion in the same half of the previous year, marking a 12% increase.

Nakheel Reports 4% Increase in H1 Net Profit

• Sunday, 31st July 2016
• by Eman El Sherbiny

Top Dubai developer Nakheel announced that it recorded AED 2.95 billion ($803 million) in net profit for the first half of this year, compared to AED 2.83 billion in H1 of last year, constituting a 4% increase.

Dubai’s Expo 2020 Triggers Boom in Hospitality Sector

• Wednesday, 27th July 2016
• by Eman El Sherbiny

Dubai's hospitality sector is racing towards the finish line ahead of the Expo 2020 in Dubai, seeking to accommodate the expected influx of visitors.

Dubai Properties Marks Start of 2nd Phase of Bellevue Towers

• Wednesday, 27th July 2016
• by Eman El Sherbiny

Leading Dubai developer Dubai Properties announced the start of the second phase of the Bellevue Towers project located in Business Bay.

Aldar Gears Up for Major Expansion in Al Ain Retail Market

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Abu Dhabi-based Aldar Properties is planning on targeting Al Ain’s business environment to expand its portfolio in the retail sector, aiming to build on the emirate’s thriving business environment.

Al Jaber Building Wins AED 370 M Jawaher Saadiyat Contract

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The Tourism Development & Investment Company (TDIC) has assigned AED 370 million ($100 million) Jawaher Saadiyat construction contract to Al Jaber Building.

Damac Announces Phase 1 of Akoya Imagine Villas Is Sold Out

• Wednesday, 27th July 2016
• by Eman El Sherbiny

The first phase of Dubai’s Akoya Imagine villas is sold out, while a second phase will be launched at the end of this month.

Action Hotels to Open in Dubai Healthcare City

• Monday, 25th July 2016
• by Eman El Sherbiny

Action Hotels plans on opening a Novotel-branded hotel, to offer an economic solution to travelers staying in Dubai Healthcare City.

Deyaar Records 16% Rise in Revenues During H1 2016

• Thursday, 21st July 2016
• by Eman El Sherbiny

Dubai’s Deyaar Development has revealed that its net profit for the first half 2016 recorded AED 111 million, maintained by 16% of increased revenues.

Fujairah Offers Cheap Apartment Rental Listings

• Thursday, 21st July 2016
• by Eman El Sherbiny

In light of the UAE's high-end rental market, Fujairah was listed as the cheapest emirate, with lease values averaging at AED 11,000-22,000 annually.