Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands.
Emaar Properties, recorded a net profit of Dh863 million ($235 million) during the first quarter (Q1) of 2014, marking a 55 per cent increase over the Q1 2013 net profit of Dh556 million.
It is also 14 per cent higher than the fou
Emaar Properties, the builder of Burj Khalifa, the world's tallest building, is set to launch an extension featuring 177 villas to its Arabian Ranches, a major residential community in Dubai.
Inspired by Spanish coastal archit
A subsidiary of Dubai builder Arabtec Holding has won a 1.04 billion dirham ($282.33 million) contract to build over 1,500 townhouses for developer Emaar Properties, Arabtec said on Wednesday.
The subsidiary, Arabtec Construction, will
Dubai's Emaar Properties will redeem the outstanding amount of its $500 million convertible bond issue on February 6, the developer said in a bourse filing.
Paper worth $237.5 million was still outstanding following an earlier
Dubai-based Emaar Properties has posted a net profit of Dh675 million ($184 million) for the second quarter of 2013 as against Dh614 million net profit for the corresponding period of 2012, marking an increase of 10 per cent.
Emaar Properties, Dubai's largest property developer, reported an 8 percent drop in first-quarter net profit on Tuesday, missing analysts' forecasts, as sales and administration expenses rose sharply.
The builder of the wo
UAE-based property developer Emaar Properties has announced the launch of Mira, the first residential project in Reem, a full-fledged lifestyle community focused on leisure, which will be up for sale, starting April 13.
Dubai-based developer Emaar Properties will discuss the proposal of a 10 per cent dividend for 2012 at its upcoming annual general meeting (AGM) in Dubai.
The 15th AGM will be held on April 9 at The Address Dubai Mall hotel in Dow