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The company plans to finance and construct a mixed-use property at Ras Al Hadd in Oman's Sur district, including a five-star hotel and spa, residential villas, apartments, souks, a marina and villa plots, Diar said in a statement on Monday, without citing the projects' value.
July 10, 2012 11:01
The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.
March 20, 2012 10:59
Dubai contractor Drake & Scull, which has shifted its focus to other regional markets after a slowdown in the United Arab Emirates' property sector, has won a 845 million dirham ($230 million) contract in Algeria, it said on Tuesday.
March 13, 2012 2:08
With Abu Dhabi trying a new property bailout tack with the potential Aldar-Sorouh merger, will consolidation be enough to fix the capital’s ailing property market?
March 12, 2012 3:10
Egypt's second-biggest listed property developer, Palm Hills, reported on Monday it made a net loss of 331.3 million Egyptian pounds ($55 million) last year, compared with a profit of 526 million pounds in 2010, as sales revenue plunged 67.6 percent.
March 12, 2012 2:03
Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, plans to invest directly in Indian real estate in an effort to diversify from its current strategy of ploughing money into the country through realty or private equity funds, sources familiar with the matter said.
March 10, 2012 4:53
Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.
March 8, 2012 3:37
Qatar's Barwa Real Estate Group said on Monday its 2011 full-year net profit fell by 8.9 percent to 1.29 billion riyals ($354.35 million), compared with 1.41 billion riyals the previous year.
March 5, 2012 1:29
One Shoreline Apartments owners sent a letter to Kipp questioning the Nakheel's method of distributing pool access passes.
February 7, 2012 4:49
Yields on Abu Dhabi property developer Aldar's 2014 bond rose over 30 basis points on Tuesday, a day after Reuters reported the emirate held talks to offload the government's stake in the struggling firm.
January 31, 2012 3:08
Mubadala helped with bailout of struggling developer in 2011; Sources says talks held to shift Aldar to another entity; Aldar received nearly $10 billion in financial aid last year
January 31, 2012 2:56
Developer to repay 1.1 bln dirhams using asset transfer; Extends remaining 2.7 bln dirhams debt to 2017
January 18, 2012 2:02
Talaat Moustafa already had death sentence commuted; Shares of property group rise after court decision
January 17, 2012 3:04
Qatar's Ezdan Real Estate Company has begun selling property worth 1.53 billion riyals ($420 million) to Tadawol Holding Group, according to a statement posted on the Qatar Exchange on Monday.
January 17, 2012 2:59Bouygues Construction, part of French conglomerate Bouygues, is to set up a joint-venture in Qatar, which is to host the 2022 soccer World Cup.
January 17, 2012 2:44
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
