Page 20 - Emaar Development News Today

The company recorded overall property sales of Dh10.9 billion in 2020

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(MENAFN - Khaleej Times) Developer Emaar Properties reported on Sunday a nearly 58 per cent drop in net profit to Dh2.6 billion in 2020 as against a profit of Dh6.2 billion in 2019, and said it saw a world of opportunities in 2021. The developer of Burj Khalifa, the worlds tallest structure, said in a statement that its revenues plunged 20 per cent in 2020 to Dh19.71 billion from Dh24.59 billion a year earlier. Emaars overall property sales during 2020 stood at Dh10.9 billion, of which Dh6.3...

The company recorded property sales worth Dh10.9bn during the period

Developer Emaar Properties reported on Sunday a nearly 58 per cent drop in net profit to Dh2.6 billion in 2020 as against a profit of Dh6.2 billion i...

UAE stock markets outperformed their regional peers on Monday riding high on banking and real estate, while Saudi Arabias benchmark index slipped as the kingdom extended virus-related restrictions. Dubai Financial Market surged 1.6 per cent to reverse all of its losses from Sunday, and in fact ended the day 8.2 per cent up so far this year making it one of top performing markets in the world. Dubai stocks opened 2021 on a strong footing, posting gains for first three consecutive weeks, as inv...

UAE stocks gain Dh5.4 billion in market cap Wam/Abu Dhabi Filed on January 11, 2021 A total of 9,959 deals were conducted worth around Dh1 billion over 621 million shares. Driven by banking and realty blue chips, the UAE stock markets continued their upward streak Sunday, with Abu Dhabis main index touching 5,176 points, up 0.24 per cent over the Thursday session, and Dubai Financial Market following suit and rising 1.85 per cent to 2,674 points, with the listed companies gaining Dh5.4...

Dubai: Dubais first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment trust (REIT). The issue. which closed its subscription on December 8, will be listing its shares in January. With the funds in place, Al Mal Capital REIT plans to acquire a diversified portfolio of properties with long-term lease agreements. The IPO proceeds along with Islamic financing from local banks will be utilized to invest in such a portfolio spanning health...

Adnan Kazim named new Emaar Development chairman DUBAI, December 20, 2020 Emaar Development, a leading property and lifestyle developer in the region majority-owned by Dubai-based Emaar Properties, has named Adnan Kazim, the chief commercial officer at Emirates airline, as the new chairman of the company board, while Dr Aisha Bint Butti Bin Bishr, the director-general of the Smart Dubai Office, is the vice-chairman.   The appointment comes after the groups founder and chairman of the board ...

Emaar Development names new chairman; Alabbar as executive board member Waheed Abbas/Dubai Mohamed Alabbar will continue as an executive board member of Emaar Development. Adnan Kazim is the new chairman. Emaar Development, a subsidiary of Emaar Properties, has named Adnan Kazim as the new chairman, replacing Mohamed Alabbar. The company said in a statement to the Dubai Financial Market — where it is listed — that Alabbar shall continue as an executive board member and will be devoted to ex...