Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.
The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.
Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.
The sale transaction worth $550 million concluded on July 31.
With hotels battling the double dampener of Ramadan and summer, firms are boosting their coffers through iftar and suhour offerings.
Visitor numbers from Saudi Arabia rose by 31.6 per cent during the first half of the year, said DTCM.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
The port operator’s volumes dropped in Asia, Europe and the Middle East.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
Tickets for a roundtrip between the emirates are priced at Dhs150.
The Dubai developer made a net profit of Dhs1.23 billion, up marginally from Dhs1.22 billion in H1 2012.
Passenger traffic was aided by Emirates airline’s tie-up with Australia’s Qantas.
Apartments in areas like Al Nahda and Al Majaz recorded a rental hike, while villa price hikes varied depending on location.
The emirate’s will to succeed will always cancel out the naysayers, writes leadership expert Tommy Weir.
Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.
The profit increase came despite a 20.9 per cent jump in impairments.
The Dubai developer says it has slashed service charges across many of its properties in Dubai.
The Dubai developer says it has started receiving fresh interest from investors for the stalled development.
Land Cruiser leads the sales in the SUV category while Prado and Rav4 also has recorded considerable growth in H1 2013.
As Dubai inspires growing investor confidence, its debt problems remain a cause for concern.
Marte Deborah Dalelv, 24, had been awaiting an appeal hearing of her 16-month sentence.
The lender made a net profit of Dhs972 million in the three months to June 30.
The performance of the logistics firm was boosted by growth in core Gulf and African markets.
Adnan Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli as the new chief executive.
Ali has held the role of acting CEO since August 2012 following the departure of previous CEO Jeff Singer.
The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.
The firm made a net profit of Dhs69.5 million in the three months to June 30, compared with Dhs10.2 million in the same period of 2012.
Industry, finance, transportation, real estate and construction are some of the other key sectors driving economic growth in the emirate.