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Dubai's Emaar Properties reported a 44 percent rise in first-quarter profit on Saturday; made a profit of 606 million dirhams ($165 million), compared to 421 million dirhams during the same period last year
April 29, 2012 9:01
Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.
April 29, 2012 9:00
Shares slump 4 pct; Company reports progress on land bank issues; Says cash position is healthy
April 18, 2012 9:08
Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.
March 12, 2012 1:40
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
Waha Capital, an Abu Dhabi-listed investment firm, said its fourth-quarter net profit fell 46 percent, with the company citing a one-time gain in its year-ago results for the drop.
February 1, 2012 12:54
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
Abu Dhabi’s infrastructural changes and developments are just super, but Eva Fernandes can’t help but wonder if Abu Dhabi’s focus might be a tad off in some regards.
January 24, 2012 4:14
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
Egyptian group Orascom Development and local real estate firm Madinet Nasr Housing scrapped an agreement to cooperate in developing the Tigan real estate project, Orascom said on Monday.
January 16, 2012 12:24
40 new towers in TECOM; how many may need to be redesigned to better suit the market?
January 8, 2012 3:28Qatar's Barwa Bank, a unit of Barwa Real Estate, has completed a 1.7 billion riyals ($466.8 million) rights issue aimed at funding the bank's expansion, it said in a statement on Sunday.
January 8, 2012 10:40
Kipp can’t help wonder why a developer like Nakheel, with the breath and scale of developments across the region hasn’t mastered the rather simple concept of service fees for freehold properties?
December 21, 2011 3:51People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47 0Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09 0Great work to everyone who worked on the project :)
May 20, 2012 11:21Thanks for changing it. Thumbs up :)
May 13, 2012 8:25With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?
March 6, 2012 2:18 1"If you can't live with volatility, stay in bed," says 66-year old economist Marc Faber, who cautions people to secure wealth by buying precious metals and investment equities.
March 6, 2012 1:42 1As the world’s most expensive glasses will be launched this Sunday, Kipp takes a look at some of the most expensive and exclusive eyewear.
May 10, 2012 4:21 0Mother’s day is around the corner and if shopping for gifts just isn’t your thing, take a look at Kipp’s top six gift ideas for Mother’s Day…
May 9, 2012 4:37 0
So how exactly is the Municipality executing this campaign? A series of lectures, workshops, film screenings, awareness drive and, wait for it, taxi drivers.
May 21, 2012 3:53
Benevolent master developer to cater for those ‘less-well-heeded,’ with affordable studios at the Palm Views East and West.
May 21, 2012 3:44
People like to say the UAE is a country rife with contradictions-but the point couldn’t be better illustrated by two articles in the local press this week.
May 21, 2012 3:47
Times are a-changing; the safe UAE Kipp grew up in, is changing too. Be cautious of fraudsters and always be careful with your credit card...
May 20, 2012 4:09
