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15 May 06:38 PM Emaar Development's profits up 34% in Q1-22
Dubai – Mubasher: Emaar Development has recorded net profits attributable to the owners worth AED 1.05 billion during the first quarter (Q1) of 2022, an annual leap of 34% from AED 780.89 million. During the January-March 2022 period, revenues …
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15 May 12:02 PM Union Properties turns to losses in Q1-22
Dubai – Mubasher: Union Properties has incurred net losses of AED 12.48 million in the first quarter (Q1) of 2022, against net profits of AED 5.55 million in Q1-21, according to the company's unaudited consolidated financials. The company's …
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15 May 10:34 AM Emaar Properties' profits surge 241% in Q1-22
Dubai – Mubasher: The unaudited interim consolidated financials of Emaar Properties reported a 241% surge in net profits attributable to the owners to AED 2.23 billion in the first quarter (Q1) of 2022, compared to AED 656.86 million in Q1-21. The …
28 April 11:28 AM Deyaar's shareholders approve capital reduction
Dubai – Mubasher: The ordinary general meeting (OGM) of Deyaar Development has approved a decrease in the issued share capital to AED 4.37 billion from AED 5.77 billion. The company will reduce its capital by partially writing off the accumulated …
27 April 10:57 AM Aldar records rise in Q1-22 unaudited profits
Abu Dhabi – Mubasher: The net profits attributable to the equity holders of Aldar Properties jumped to AED 667.91 million in the first quarter (Q1) of 2022 from AED 542.74 million in the same quarter of 2021, according to the company's unaudited …
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19 April 05:37 PM Sobha Realty eyes 50% hike in sales target for 2022
UAE – Mubasher: Sobha Realty, a real estate developer based in Dubai, has raised its sales target by 50% to $1.60 billion for 2022. The set target comes in line with the growing demand among investors in the real estate market, according to a …
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5 April 03:50 PM Aldar acquires land on Saadiyat Island for AED 3.68bn
Abu Dhabi – Mubasher: Aldar Properties has acquired a land plot spanning 6.20 million square metres on Saadiyat Island for AED 3.68 billion. The acquisition comes in line with Aldar’s plans to develop a mixed-use project on the island at an …
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27 March 11:55 AM Arkan registers surge in 2021 losses
Abu Dhabi - Mubasher: The net losses of Arkan Building Materials Company hiked to AED 744.63 million in 2021, compared to AED 66.54 million in the earlier year, according to the company's consolidated financials for the year-ended 31 December …
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27 March 09:53 AM Union Properties turns to losses in 2021
Dubai – Mubasher: Union Properties has logged net losses of AED 966.75 million in 2021, against net profits of AED 200.98 million in 2020, according to the company's consolidated financials for the year ended 31 December 2021. The real estate …
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9 February 10:36 AM Aldar posts 21% higher profits in 2021
Abu Dhabi – Mubasher: Aldar Properties has recorded net profits attributable to the owners of AED 2.32 billion in 2021, up 21% year-on-year (YoY) from AED 1.93 billion in 2020, according to the company's preliminary unaudited financial results. …
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8 February 12:08 PM Aldar Properties awards AED 8.5bn contracts in 2021
Abu Dhabi - Mubasher: Aldar Properties has awarded development project contracts valued at over AED 8.5 billion in 2021, reflecting the economic growth in Abu Dhabi following the coronavirus (COVID-19) impact in 2020. The company has granted 16 …
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24 January 05:05 PM Aldar Properties inks deal to power assets with EWEC's clean energy
Abu Dhabi - Mubasher: Aldar Properties has signed a five-year agreement with Emirates Water and Electricity Company (EWEC) to power all of its owned and managed operating assets with clean energy. This agreement, under which Aldar’s assets will be …
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18 January 04:52 PM Aldar Properties forms JV to develop AED 1.8bn fully sustainable community
Abu Dhabi - Mubasher: Aldar Properties has inked an agreement with Diamond Developers to form a joint venture to develop a fully sustainable community worth AED 1.8 billion on Abu Dhabi’s Yas Island. Covering an area of 397,000 square metres in …
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16 December 2021 02:21 PM Saudi Dar Al Arkan joins Italy’s Pagani to unveil AED 800m project in UAE
Mubasher: Saudi Arabia’s real estate developer Dar Al Arkan has teamed up with the Italian auto manufacturer Pagani Automobili to unveil DaVinci Residential Tower on the Dubai Water Canal in Dubai. The development is valued at AED 800 million, …
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13 December 2021 10:44 AM UAE dominates Forbes Middle East's top real estate, construction companies in MENA
Mubasher: The UAE-based real estate companies have accounted for more than a third of Forbes Middle East's "Top 50 Real Estate Developers In MENA 2021" list with 17 companies. The list was based on financials, reputation, company’s age, the value …
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28 November 2021 06:34 PM Nexus endorses UAE economy through launch of Nexus Mortgage Brokers
UAE – Mubasher: The GCC-based financial advisor Nexus Group has launched a fully licensed mortgage entity, dubbed Nexus Mortgage Brokers, to enhance Nexus’s core insurance and financial advisory business. The new financial arm aims to capitalise …
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28 November 2021 10:06 AM Maple Invest acquires 15.6% of Damac's share capital
Dubai – Mubasher: Maple Invest Co has acquired 15.6% of the issued and paid-up share capital in Damac Properties during the offer period by purchasing 943.9 million shares in Damac at a price of AED 1.4 per share. Damac has received from Maple …
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25 November 2021 11:15 AM Dubai’s real estate sales transactions exceed AED13bn in October
UAE – Mubasher: Dubai has recorded 5,352 real estate sales transactions valued at AED 13.12 billion in October 2021, marking the highest October on record for eight years, the Dubai media office reported. These figures were published in the 20th …
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24 November 2021 11:23 AM ENBD REIT records $164m net asset value in H1
UAE – Mubasher: ENBD REIT, a real estate investment trust managed by Emirates NBD Asset Management Limited, has recorded $164 million net asset value (NAV) as of 30 September 2021, down from $180 million at the year ended 31 March 2021. The …
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22 November 2021 09:37 AM Union Properties records lower profits in 9M
Dubai – Mubasher: Union Properties reported a decline in net profits to AED 1.369 million during the first nine months of 2021, compared to AED 348.779 million in the year-ago period, according to the company's unaudited consolidated financials …
The company's revenues hiked by 63%
14 November 2021 04:19 PM Emaar Development's profits surge 75% in 9M
Dubai – Mubasher: The net profits attributable to the owners of Emaar Development climbed by 75% to AED 2.383 billion during the first nine months of 2021 from AED 1.358 billion in the same period of 2020, according to the company's unaudited …
The company generated revenues of AED 19.331 billion
14 November 2021 03:55 PM Emaar Properties' net profits rise 25% in 9M
Dubai – Mubasher: The unaudited interim consolidated financials of Emaar Properties recorded a 25% year-on-year (YoY) increase in net profits attributable to the owners to AED 2.577 billion in the January-September period of 2021, compared to …
The completed property sales accounted for AED 20.63 billion of the total value
10 November 2021 04:21 PM Dubai's residential transactions hit AED 34.11bn in Q3-21
UAE – Mubasher: The total value of residential transactions in Dubai rose by 10% quarter-on-quarter (QoQ) to AED 34.11 billion during the third quarter (Q3) of 2021 from AED 31.02 billion in the second quarter (Q2) of 2020. The findings have …
The revenues increased to AED 3.191 billion
8 November 2021 04:09 PM Emaar Malls reports 83% profit leap in nine months
Dubai – Mubasher: Emaar Malls achieved net profits of AED 1.070 billion during the first nine months of 2021, up by 83% year-on-year (YoY) from AED 586 million.  The revenues increased to AED 3.191 billion in the January-September period of 2021, …
The company's revenues increased to AED 591.16 million
3 November 2021 04:37 PM Arkan's net losses deepen in 9M
Abu Dhabi - Mubasher: Arkan Building Materials Company recorded net losses of AED 29.19 million during the first nine months of 2021, up from AED 3.71 million in the year-ago period. The company's revenues increased to AED 591.16 million in the …