Real Estate

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 …

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 …

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 …

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. …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …