Emaar Malls recorded full-year 2018 net profit of Dhs2.230 billion, a growth of 7 per cent over 2017.
In a clear demonstration of the United Kingdom’s attractiveness as a long-term destination for foreign direct investment, DAMAC International has secured a development financing package of $229.4 million (GBP175 million) for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty.
Exhibitors at Cityscape Abu Dhabi, the UAE capital’s leading property investment and development event, have identified the emirate’s emerging trend for affordable luxury housing to solve a prevailing disconnect between developer preferences and buyer demand.
Real estate sector in Dubai has always been a key source of remarkably contributing to the economy. Property developers and real estate agents are behind the success of the emirate’s booming property market, making all out efforts to supply units to meet the growing demand in the wake of high influx of expats.
Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 per cent to Dhs 5.979 billion (US$ 1.628 billion) compared to the Q1 2018 sales of Dhs 3.906 billion (US$ 1.063 billion).
Chinese manufacturing giant East Hope Group is working with Khalifa Industrial Zone Abu Dhabi (KIZAD) on the feasibility of setting up a development worth more than $10 billion at Abu Dhabi’s industrial hub. The agreement was signed by Samir Chaturvedi, CEO of KIZAD, and Meng Changjun,
Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Defying unfavourable global markets, domestic indices inched up on Friday as investors cheered the formation
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with Mastercard to launch its ‘World’ series debit card aimed exclusively at Small and Medium Enterprises (SMEs).
China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone