Wednesday 3 September 2014
 
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Deyaar profit doubles on new project launch

Dubai-based property developer Deyaar said on Wednesday its second-quarter net profit more than doubled, buoyed by the launch of its hotel apartment project.   Deyaar made a

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ADPC awards $5.4m Marfa Port contract to Alba Tec

ADPC, the master developer of ports and industrial zones, has awarded a Dh20 million ($5.4 million) contract to Alba Tec, a construction company specialised in pre-engineered building, to manage the second phase development of Marfa Port in th

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ADPC awards $5.4m Marfa Port contract to Alba Tec

ADPC, the master developer of ports and industrial zones, has awarded a Dh20 million ($5.4 million) contract to Alba Tec, a construction company specialised in pre-engineered building, to manage the second phase development of Marfa Port in th

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UAE developer sees Onyx project on track

UAE-based Ishraqah for Development said it has introduced a fast track construction program for its 'The Onyx' project.   The major freehold development, which is located near the Greens and Emaar Business Park on Shei

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Qatar's UDC posts 57pc jump in profit

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, posted a net profit of QR360 million ($98.8 million) for the first quarter of this year, a 57 per cent rise compared to to the same

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Union Properties profit soars eight-fold

Union Properties, a Dubai-based real estate developer, said on Monday that its net profit jumped more than eight-fold to 1.58 billion dirhams ($430.2 million) last year from 175.8 million dirhams in 2012. The brief statement did n

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Aldar's CEO to step down

Aldar Properties, Abu Dhabi's biggest property firm, said on Tuesday that its chief executive officer Sami Asad will step down from his role on August 15. Asad has been CEO of the property developer since 2010.

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Deyaar Q2 net profit rises 47pc

Dubai property developer Deyaar on Sunday reported a 47 percent rise in second-quarter net profit as it gained from lower costs and fair-value adjustments of prices for its investment properties. Deyaar, one of the companies worst

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Nakheel's 350 villas sold out in 5 hours

Investors snapped up 350 newly-launched villas from Nakheel in just five hours on Sunday, the Dubai developer has said.   The villas are valued in excess of Dh1.4 billion ($381 million), Nakheel said.

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Deyaar appoints new chief financial officer

Dubai's Deyaar, the emirate's second-largest developer by market value, appointed Hawary Marshad as its new chief financial officer, the company said in a statement on Sunday. Marshad will replace Yawar Pasha and will repo

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