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03 April 08:24 PM

Real Estate

Dubai's property transactions soared by 33% in February
18 March 11:17 AM Property Finder sees hike in Dubai’s real estate transactions in Q1-20
Dubai – Mubasher: Property Finder, an online property portal that helps buyers and renters in the MENA region find a home, reported a surge in real estate transactions in Dubai during the early months of 2020, ahead of concerns regarding the …
Real estate
The Bridge offers access to major European cities, including Paris and London
16 March 10:37 AM Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
Global Economy
Aldar and Ma'an are expected to launch the bond later this year
15 March 11:45 AM Aldar, Ma'an ink deal for GCC’s first social impact bond
UAE – Mubasher: Aldar Properties has signed a strategic agreement with the Authority of Social Contribution (Ma'an) to invest AED 2 million in the GCC’s first social impact bond by Ma'an. As part of the agreement, Aldar and Ma'an will cooperate in …
Companies Investments
The number of cases of COVID-19 exceeded 118,000
12 March 11:38 AM Emaar Properties temporarily suspends bookings in 3 hotels on coronavirus fears
Dubai – Mubasher: Emaar Properties confirmed the news about the temporary suspension of bookings in three of its hotels amid rising concerns over the spread of the novel coronavirus (COVID-19).   The company’s subsidiary Emaar Hospitality Group …
Real estate
Abu Dhabi saw around 19,000 real estate transactions in 2019
4 March 01:42 PM Abu Dhabi’s real estate transactions record AED 58bn in 2019
UAE – Mubasher: The total value of real estate transactions in Abu Dhabi reached AED 58 billion in 2019, according to data by the Abu Dhabi Department of Municipalities and Transport (Abu Dhabi DMT). Abu Dhabi saw around 19,000 real estate …
Sector Reports
The project is expected before the end of next June
26 February 03:43 PM UAE’s Arada plans new investment in Saudi Arabia in H1-20
Riyadh – Mubasher: Arada Real Estate Company plans to pump new investments in Riyadh by the end of the first half (H1) of the year, as it sees promising opportunities in the Saudi market. The UAE-based company is still in talks with Saudi …
Companies Investments
Nasdaq Dubai has welcomed listing of $400m Sukuk by Dar Al-Arkan
26 February 11:28 AM Nasdaq Dubai welcomes Dar Al-Arkan’s $400m Sukuk listing
Mubasher: Nasdaq Dubai has welcomed the listing of $400 million Sukuk by Saudi Arabia's Dar Al-Arkan, one of the leading real estate companies in the Middle East. Following the $400-million listing, the total value of Dar Al-Arkan’s Sukuk in …
Companies Investments
The MBF group will build six cities in Egypt
25 February 10:40 AM MBF Group mulls to inject EGP 300bn investments in Egypt
UAE – Mubasher: Emirati MBF Group Holdings and Establishments currently considers injecting EGP 300 billion investments in Egypt by building six investment cities in Suez Canal axis, according to the Emirates News Agency (WAM). The chairman of …
Companies Investments
Majid Al Futtaim’s business rapidly grew in 2019
24 February 01:00 PM Majid Al Futtaim’s revenues rise to AED35bn in 2019
UAE – Mubasher: Majid Al Futtaim, a leading lifestyle provider with shopping malls, hotels, cinema, hypermarkets, reported a 1% year-on-year (YoY) rise in revenues to AED35.2 billion in 2019. The group’s strong operational performance also led to …
Financial Results
Chestertons has opened a new office on Al Reem Island
23 February 12:51 PM Chestertons inaugurates new office in Abu Dhabi
UAE – Mubasher: Chestertons, the British and international residential property specialist, has opened a new office on Al Reem Island in Abu Dhabi to meet the increasing demand for future master-planned free-hold communities and boost the real …
Real estate
Seven Palm Development
18 February 02:26 PM Seven Tides’ sales exceed AED 100m in 2 months
UAE – Mubasher: The sales of Seven Tides, the Emirati luxury real estate and hospitality developer, surged by 70% in Dubai during December 2019 and January 2020, recording a total value of more than AED 100 million. Russian investors have …
Companies Investments
Revenue surged 90% YoY in 12M
13 February 10:11 PM RAK Properties registers AED 101m profit in 2019
Abu Dhabi – Mubasher: RAK Properties has reported a 33% year-on-year profit decline during the fiscal year 2019. The company’s net profit went down to AED 101 million last year, compared to AED 151 million in 2018, according to a bourse statement …
Real estate
Revenues surged to AED 946.85 million
13 February 07:16 PM Manazel’s profit grows 4.3% YoY in 2019
Abu Dhabi – Mubasher: Manazel Real Estate has posted a 4.3% year-on-year profit hike during the fiscal year 2019. The company’s net profit went up to AED 240.6 million last year, compared to AED 230.7 million in 2018, according to a bourse …
Financial Results
Revenues registered AED 535.502 million
13 February 04:32 PM Union Properties incurs AED 219m net loss in 2019
Dubai – Mubasher: Union Properties logged a net loss of AED 218.806 million in 2019, against a net profit of AED 62.329 million in 2018, according to the company’s preliminary financial results. The company’s revenues registered AED 535.502 …
Financial Results
Revenues amounted to AED 902.436 million
13 February 03:41 PM Arkan’s net profit dips to AED 46m in 2019
Abu Dhabi – Mubasher: The net profits of Arkan Building Materials Company dropped to AED 45.682 million in 2019 from AED 53.460 million in 2018, as shown by the company’s preliminary unaudited financials for the year ended on 31 December 2019. The …
Financial Results
Deyaar plans to move forward with the development of Midtown project
12 February 05:29 PM Deyaar reports AED 71.5m net profits in 2019
Dubai – Mubasher: Deyaar Development, one of Dubai’s leading property developers, witnessed net profits of AED 71.537 million in 2019 compared to net profits of AED 140.147 million in 2018, according to the company’s consolidated financial …
Board of Directors
Aldar generated AED 7.148 million revenues in 2019
12 February 05:17 PM Aldar logs higher net profits at AED 1.98bn in 2019
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Aldar Properties grew by 7% year-on-year (YoY) to AED 1.984 billion during fiscal year 2019 when compared to 2018, according to the company’s press release on Wednesday. The …
Cash Dividends
Emaar's earnings per share (EPS) reached AED 0.87 in 2019
12 February 05:06 PM Emaar Properties sees 1% higher profits in 2019
Dubai – Mubasher: Emaar Properties’ net profits grew by 1% to AED 6.200 billion ($1.688 billion) in fiscal year 2019 from AED 6.139 billion ($1.671 billion) in 2018, according to the company’s preliminary unaudited financial results for 2019. The …
Real estate
Mohamed bin Zayed City spans 2.2 square kilometres
11 February 05:59 PM AED 1.9bn Mohamed bin Zayed City in Fujairah completed
UAE – Mubasher: The Follow-Up Committee of the Initiatives of the UAE President has completed the construction of Mohamed bin Zayed City housing project in Fujairah at a value of AED 1.9 billion. Spanning an area of around 2.2 square kilometres, …
Real estate
Sales of Namshi reached AED 1.028 billion in 2019
9 February 03:43 PM Emaar Malls sees AED 2.286bn net profits in 2019
Dubai – Mubasher: The net profits of Emaar Malls, owned by Emaar Properties, increased to AED 2.286 billion ($622 million) in 2019 from AED 2.230 billion ($607 million) in 2018, according to Emaar Malls’ preliminary financial results for 2019. The …
Real estate
GFH Capital’s partner Arbor holds a 9% stake in the portfolio
8 February 05:36 PM GFH Capital acquires $250m hospitality portfolio in US
Dubai – Mubasher: GFH Capital, a subsidiary of GFH Financial Group announced the acquisition of $250 million hospitality portfolio in the US in partnership with Arbor Lodging Partners consisting of twelve premium-branded select-service hotels …
Real estate
The project comprises eight labour camps
29 January 04:38 PM Amlak Finance completes AED 158m project in Dubai
Dubai – Mubasher: Amlak Finance on Wednesday announced the completion of the development of its labour camp project in Al Ttay, Dubai, according to a company statement. The project comprises eight labour camps over a built-up area of 567,924 …
Real estate
ENBD REIT called for an EGM on 12 February
29 January 11:08 AM ENBD REIT’s posts $246m NAV in Q3-19
UAE – Mubasher: ENBD REIT registered a net asset value (NAV) of $246 million or $0.98 per share during the third quarter of 2019, compared to $254 million cum-dividend in the second quarter of 2019. The UAE-based Shari'a compliant real estate …
Management Decisions
Union Properties is in the final stages of signing Autodrome deal
26 January 04:36 PM Union Properties to ink AED 200m deal to expand Autodrome
Dubai – Mubasher: Union Properties is in the final stages of signing a memorandum of understanding (MoU) with China National Chemical Engineering Group Corporation (CNCEC) to expand Dubai Autodrome at a value of around AED 200 million. The …
Companies Investments
A real estate planning committee was set up in Dubai in 2019
21 January 02:18 PM Dubai property market likely to recover in 2020 - Seven Tides
UAE – Mubasher: The real estate market in Dubai is expected to thrive in 2020, driven by Expo 2020, new government initiatives, and flexible repayment plans, according to Seven Tides, a leading company in developing a residential, hospitality and …
Macroeconomics