News
Net profit is at Dh133m for first nine months against Dh1.1b a year ago Dubai: Damac Properties recorded a sharp decline (46 per cent) in nine-month revenues to Dh2.8 billion from Dh5.2 billion. Net profit was down to Dh133 million from Dh1.1 billion a year ago, a drop of almost 88 per cent. Booked sales…
Dubai: Dubai construction and hospitality giant Emaar Properties on Sunday reported a rise in interim profit results, posting higher sales despite an economic downturn that has depressed the property industry. The company, which owns the world’s tallest tower, Burj Khalifa, said it posted $362 million in net profit in the third quarter, up 20 per cent…
Total income at the end of Q3 2019 was recorded at Dhs2.12bn while total assets reached Dhs20.64bn Dubai Investments recorded net profit of Dhs459m for the period ending September 30, a statement said. The 2019 net profits observed a dip of 36 per cent, compared to Dhs724m for the same period last year.ADVERTISING Profits entailed…
UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry The United Arab Emirates’ central bank is working on new rules that will loosen the cap on bank lending to the struggling real-estate industry. UAE banks can currently lend as much as 20 per cent of customer…
Owning a home is a keystone of wealth… both financial affluence and emotional security.