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29 May 11:56 AM Aldar reinforces integrated property platform via Basatin acquisition
Abu Dhabi – Mubasher: Aldar Properties has acquired Basatin Landscaping at a value of AED 150 million to anchor its Aldar Estates platform, according to a press release. Aldar will hold a 75% shareholding in Basatin, while the remaining 25% stake …
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17 May 10:41 AM Orascom Construction unveils EGP 1.8bn equity sale agreement
Cairo – Mubasher: Orascom Construction has sold its entire stake in its construction chemicals subsidiary to Switzerland-based Sika at a value of EGP 1.80 billion, before tax, according to a bourse disclosure. This aligns with the EGX-listed …
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16 May 11:50 AM Rak Properties achieves higher profits in Q1-23; revenues skyrocket 141%
Abu Dhabi – Mubasher: Rak Properties logged net profits amounting to AED 44.59 million during the first quarter (Q1) of 2023, higher by 46% year-on-year (YoY) than AED 30.47 million. The company posted revenue valued at AED 258.58 million as of 31 …
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15 May 02:55 PM Emaar Development unveils robust growth in Q1-23 financials
Dubai – Mubasher: Emaar Development generated net profits attributable to the shareholders worth AED 1.058 billion in the first quarter (Q1) of 2023, up from AED 1.050 billion in Q1-22. The DFM-listed firm posted revenues valued at AED 2.37 …
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15 May 12:57 PM Emaar Properties achieves AED 3.2bn net profits in Q1-23
Dubai – Mubasher: Emaar Properties generated net profits attributable to the shareholders worth AED 3.20 billion in the first quarter (Q1) of 2023, higher than AED 2.23 billion in Q1-22. Revenues enlarged to AED 6.29 billion during the first three …
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11 May 11:24 AM Union Properties swings to profits in Q1-23; accumulated losses announced
Dubai – Mubasher: Union Properties turned profitable at AED 12.29 million in the first quarter (Q1) of 2023. The registered profits were against net losses valued at AED 12.48 million in Q1-22, according to the consolidated interim results. …
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10 May 01:38 PM Deyaar’s net profits exceed AED 56m in Q1-23
Dubai – Mubasher: The net profits of Deyaar Development reached AED 56.35 million in the first quarter (Q1) of 2023, compared to AED 25.06 million in Q1-22. Revenues hiked to AED 312.53 million in Q1-23 from AED 161.89 million as of 31 March 2022, …
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3 May 10:47 AM Aldar’s profits to shareholders exceed AED 725.5m in Q1-23
Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties reached AED 725.65 million in the first quarter (Q1) of 2023, an annual surge from AED 667.91 million. Basic and diluted earnings per share (EPS) stood at AED …
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24 April 03:58 PM Emaar Development to pay over AED 2bn as dividends for 2022
Dubai – Mubasher: The shareholders of Emaar Development approved the board’s recommendation to distribute total dividends of AED 2.08 billion, equivalent to $567 million, for 2022. The real estate firm will disburse 0.52 fils per share, with the …
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26 March 11:10 AM Orascom Construction posts higher consolidated profits at nearly $134.5m in 2022
Cairo – Mubasher: Orascom Construction logged consolidated net profits after tax worth $134.30 million in 2022, higher than $125.30 million in 2021, including minority interest. Revenues hiked to $4.17 billion last year from $3.54 billion during …
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13 March 12:14 PM Union Properties reports AED 2.9bn accumulated losses in 2022 profitable results
Dubai – Mubasher: Union Properties registered accumulated losses worth AED 2.90 billion as of 31 December 2022, representing 67.63% of its capital, according to a bourse disclosure. The real estate developer turned profitable at AED 29.97 million …
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8 March 02:41 PM UAE’s economy continues to recover amid global uncertainties in 2022 – Report
UAE – Mubasher: The UAE has witnessed a continued recovery from the COVID-19 pandemic at an accelerated pace in 2022, despite the uncertainty spreading the globe, according to a recent report by real estate advisor Savills. The encouraging …
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8 March 12:57 PM Q Holding, Egypt’s ORA to establish smart city in Abu Dhabi
Abu Dhabi – Mubasher: Q Holding and Egypt’s ORA Real Estate Development Group recently penned a partnership agreement to develop a smart and sustainable city in Abu Dhabi, according to a press release. The integrated city will be located in …
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20 February 10:35 AM Eshraq Investments’ board proposes 2 fils/shr dividend for 2022
Abu Dhabi – Mubasher: The board of Eshraq Investments recommended on 17 February 2023 a cash dividend of 2 fils per share for 2022, according to a bourse disclosure. Meanwhile, the dividends proposal is subject to the approval of the shareholders …
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15 February 02:57 PM Emaar Development registers 17% higher profits in 2022 preliminary results
Dubai – Mubasher: Emaar Development, a 79.16%-owned subsidiary by Emaar Properties, logged net profits worth AED 3.80 billion ($1.03 billion) in 2022, up 17% from AED 3.24 billion in 2021. The revenues amounted to AED 11.54 billion last year, …
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15 February 10:23 AM Emaar Properties records higher profits at AED 6.83bn in 2022
Dubai – Mubasher: Emaar Properties logged net profits worth AED 6.83 billion ($1.90 billion) in 2022, an annual leap of 80% from AED 3.80 billion, according to the preliminary financial results. The revenues plummeted to AED 24.92 billion ($6.80 …
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13 February 04:30 PM Rak Properties logs nearly AED 31m profits in 2022
Abu Dhabi – Mubasher: Rak Properties witnessed a plunge in net profit to AED 30.78 million in 2022, versus AED 201.47 million in 2021. Revenues stood at AED 408.21 million last year, lower than AED 515.62 million in January-December 2021, …
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9 February 05:11 PM Aldar generates higher profits in 2022; dividends unveiled
Abu Dhabi – Mubasher: Aldar Properties posted net profits to the shareholders worth AED 2.94 billion during 2022, higher than AD 2.21 billion in 2021. The basic and diluted earnings per share (EPS) soared to AED 0.36 last year from AED 0.29 in …
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1 February 03:00 PM Aldar unveils acquisition of Al Fahid Island for AED 2.5bn
Abu Dhabi – Mubasher: Aldar Properties has acquired Al Fahid Island at a value of AED 2.50 billion to be paid over five years, according to a press release. The transaction anchors Aldar’s development plans to provide various products that meet …
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24 January 01:35 PM Orascom Construction to distribute interim dividend of $0.18/shr
Cairo – Mubasher: The board of Orascom Construction Plc approved an interim dividend of USD 0.18 per share to the company’s shareholders for fiscal year (FY) ended on 31 December 2021, according to an official statement on Tuesday. The company …
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24 January 09:33 AM Deyaar sees 184% higher profits in 2022 initial results
Dubai – Mubasher: Deyaar Development generated net profits worth AED 144.23 million in 2022, an annual leap of 183.90% from AED 50.80 million. Revenues totalled AED 803.40 million in 2022, higher by 61.70% year-on-year (YoY) than AED 496.95 …
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23 January 03:48 PM du, e& join forces to boost Aldar’s telecom services
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and etisalat by e& inked a master developer agreement (MDA) with Aldar Properties, according to a press release. Under the partnership, du and Etisalat UAE will provide Aldar's …
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15 January 02:35 PM Nile Property Expo to launch in London, US in 2023
Cairo – Mubasher: The Nile Property Expo intends to enter new markets for the first time in 2023 such as London and New Jersey in the US.  The announcement was made by Basem Kalila, Chairman of the Board of Directors of Expo Republic, the company …
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10 January 10:19 AM Strong growth of GCC economies fuels global real estate investments - Report
Dubai - Mubasher: Regional investors' appetite for global real estate investment opportunities is expected to grow, with GCC economies likely to be relative global outperformers in 2022 and 2023, according to JLL’s latest report. The challenges …
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22 December 2022 02:40 PM Deyaar unveils AED 300m development projects in Al Furjan
Dubai – Mubasher: Deyaar Development intends to launch three new projects in Al Furjan at an estimated value of AED 300 million, according to a press release. The real estate plans will contain residential units and hotel apartments, including …