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Dubai’s Emaar Properties Says Profits To Quadruple By 2018

Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.

Emaar Q1 Net Profit Rises 55%

The Dubai property developer’s profit increase fell slightly below analyst expectations.

Saudi Arabia’s Home Finance Company In Final Stages -Sponsor

Finance ministry and ICD venture Bidaya will submit an application for a licence as soon as regulations under the kingdom’s mortgage laws are finalised.

UK Seeks Gulf Investors For Dhs600bn Of Projects

Calls for investors in projects consisting of 27 million square metres of new prime floor space and 220,000 homes.

Bloom Begins Abu Dhabi Marina Construction

The waterfront development includes 225 residential apartments and a 200 room five star hotel.

Aldar Launches New Abu Dhabi Developments Worth $1.4bn

The developer has launched three new projects in Abu Dhabi worth $1.4 billion, it said in a bourse statement.

Deyaar Launches Hotel Tower In Dubai’s Business Bay

The launch continues Deyaar’s move into the hospitality sector.

Dubai Real Estate Investment Up 57% In Q1 2014

Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.

Nakheel Awards Dhs47m Contracts For Deira Islands Project

The developer has appointed AE7 for design, supervision, architectural and engineering services.

Expert Warns Dubai To Regulate Off-Plan Property Market

Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.

Saudi’s Dar Al Arkan Q1 Net Profit Rises 4.3%

The property developer said the net profit hike was mainly due to increased sales of developed properties at higher gross margins.

Dubai Rental Growth To Continue In 2014

Residential rental growth is expected to continue until there is adequate supply in the market.

Emaar Launches 480 New Townhomes In Reem Community

The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.

Dubai Real Estate Deal Values Up 38% In Q1 2014

The emirate recorded sales activities worth Dhs31.5 billion and mortgage transactions worth Dhs28 billion in Q1 2014, the land department says.

Damac Launches New Tower – Vantage, In Jumeirah Village

The project will include 388 serviced living units, with prices starting at Dhs625,100.

Dubai’s Residential Rent Pricing Unsustainable – Expert

Apartment and villa rents in the emirate grew by five and three per cent respectively in Q1 2014, a new report says.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Alabbar-Chaired Firm Launches $1.2bn Project In Langkawi, Malaysia

Perdana Quay, launched by Tradewinds Corporation, is an integrated leisure, retail, residential and commercial development.

Nakheel’s Q1 Profit Up 28% To Dhs629m

The Dubai developer said it handed over 400 units during the first quarter of the year.

Abu Dhabi Residential Rents Up 20% In Q1 2014

The UAE capital recently removed its five per cent rent cap, which is already impacting rates, says CBRE report.

Dubai House Rents Up 23% In Q1 2014

Sports City recorded the largest rise in rents as rates grew by 41 per cent, a report says.

Dubai’s Emirates REIT Expands IPO Due To Strong Demand

Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.

Aldar Considers Eventual IPO Of Property Management Unit

The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.

Nakheel Awards Community Services Contracts Worth Dhs87m

The agreements cover 13 communities including Palm Jumeirah, The Gardens, Discovery Gardens, Al Furjan, and International City.

Dubai’s Deyaar Approves 25% Foreign Ownership

The company said the shareholders approved the allocation at a meeting on Thursday.

Abu Dhabi Rent Growth Slows In Q1 2014

Abu Dhabi’s prime properties recorded modest rental growth while rates in most lower end areas remained unchanged.

Dubai’s DAMAC Launches Sukuk At Tight End Of Guidance

The size of the issue was expanded to $650 million from the originally planned $500 million.

Arabtec Appoints New CEO For Egypt Subsidiary

Sami Asad, formerly the CEO of Arabtec’s Construction Group, will now lead the newly created subsidiary, Arabtec Egypt.

Dubai’s DAMAC Tightens Guidance On Sukuk Issue

The sukuk is expected to launch and price on Wednesday.

Dubai’s Damac Sets Price Thoughts For USD Sukuk

The proceeds will be used for Damac’s general corporate purposes.

Middle East Investors Pour Money Into London’s Property Market

European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.