The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
The troubled Saudi construction company reported a third quarter loss of $9 million.
The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.
The Cairo real estate market could be poised for recovery as investor confidence returns due to a more stable political environment after the appointment of a new government
Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.
Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.
The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.
Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong
The property firm reached a restructuring agreement with creditors on a $1.2 billion loan last week.
The property firm will now be owned by the Dubai government.
Manchanda had been acting CEO of the Dubai-based developer since June 2011.
Firms are eyeing REITs, which are transforming the speculative property market into a stable source of revenue.
The assets being sold include land in Qatar and the Barwa New Cairo project in Egypt.
The Dubai developer will build multiple housing projects in the country, possibly alongside Damac.
Property developers not complying with the laws and rules set by Dubai’s RERA should face strict penalty, says Khalid Al Malik, DPG’s group CEO.
Developers are upbeat about recovery in Dubai’s property market.
Gulf Business brings you all the news from Dubai’s main property event.
The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.
Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.
The company has no plans to launch an IPO, but may do so in the future.
Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.
The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.