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Aldar 2019 net profit surges 7pc to Dh1.98b
February 15th 2020Aldar Properties, Abu Dhabi’s biggest listed developer, posted on Wednesday a seven per cent year-on-year jump in 2019 net profit to Dh1.984 billion, driven by growth across both its development and asset management businesses. The company’s Board of Directors recommended a cash dividend of Dh0.145 per share, representing a four per cent growth on 2018’s […]
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Fit-out industry expects booming business in 2020
February 13th 2020The UAE’s fit-out industry is having a busy time with increasing options for affordable housing, which is inspiring residents to be homeowners. Coupled with that the Expo 2020 Dubai preparations are giving local and international businesses an impetus to invest in their UAE operations. The sector players are very optimistic that business is in for […]
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UAE leaders launch Al Wasl Plaza – the ‘beating heart’ of Expo 2020 Dubai
February 10th 2020Sheikh Mohammed bin Rashid and Sheikh Mohamed bin Zayed attended the opening of Al Wasl Plaza – the ‘beating heart’ of Expo 2020 Dubai. They led a delegation of dignitaries at the celebratory event on Wednesday as the countdown to the spectacular world’s fair continues to gather pace. Sheikh Mohammed, Vice President and Ruler of […]
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Affordable housing accounts for 41% residential sales in Dubai in 2019
February 9th 2020The emirate registered 15,516 deals of residential properties valued below Dhs1m in 2019 Dubai registered 15,516 deals of residential properties valued below Dhs1m in 2019, according to a report from Property Finder. The low-end transactions made up 41 per cent of the overall 37,788 residential deals in 2019 in the emirate. Areas that recorded the […]
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Prime London’s inherent appeal for UAE’s buyers
February 8th 2020Over the last few years, we have witnessed a strong interest in prime central London properties from UAE buyers benefiting from attractive exchange rates and softening prices. This has increased significantly following the recent majority win for Boris Johnson in the UK general elections that brought greater certainty on the UK’s departure from the European […]
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UAE businesses optimistic about resilient economy
February 8th 2020Next two weeks will bring in more clarity as to where the situation is heading globally The global economy is certainly bearing the headwinds with China’s coronavirus outbreak, India is facing a slowdown, Brexit is here – just to name a few. Investors around the world are in for a surprise as they would have […]
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