Page 12 - Deyaar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UAE and other Gulf stocks underwent selling pressure in early trades after new waves of COVID-19 in some systemically important countries led to fresh lockdowns and stoked fresh investor fears about global economic recovery. Equity markets elsewhere are already reeling from the selloffs. Abu Dhabi Securities Market dropped 0.5 per cent to 6,124 points, giving up some of the gains from yesterday. The volatility is expected to stay on for the short-term as investors turn cautious and wait to seize each opportunity to book profits on their positions. Results awaited Banking stocks acted as the ...

Dubai: Dubai stocks scaled new heights with real estate stocks displaying yet another stellar performance after recent upbeat numbers from the sector brightened investor hopes about the developers plotting their patch back to positive growth. Dubai Financial Market advanced 1.1 per cent to trade at 2,662 points adding to its gains of 2.5 per cent in the prior session, driven by the key developers. Emaar Properties and Emaar Development traded on top of the gainers list, while Damac Properties and Deyaar Development also made crucial contributions to the index advance. The index has been trend...

Dubai: GCC stock markets demonstrated a mixed performance on Sunday with Dubai and Saudi shares moving higher, while their Qatari peers underperformed as they underwent intense selling pressure from the lenders. Saudi Arabia's benchmark index ticked up 0.6 per cent to trade at 10,049 points. The gains were spread across the sectors with material, financial and telco share contributing more than others to the upward movement. Al Rajhi Bank, Saudi Basic Industries and Saudi Telecom all added value on a day that saw 131 stocks climb against lagging 47. Dubai Financial Market surged as high as 1....

The ready and off-plan residential portfolio of Deyaar, which is majority owned by Dubai Islamic Bank, has seen a high demand and “we expect this demand to grow even more with the economic recovery in the emirate and the effort that the government [is making] towards executing the Dubai Urban Master Plan 2040”, he said. The property market in the UAE softened in the wake of a three-year oil price slump that began in 2014 and as a result of the Covid-19 pandemic, which pushed the global economy into its worst recession since the 1930s. However, economic support measures and government init...

Dubai stocks surged with real estate flying high on earnings, while Qatar Exchange jumped to its best day in a year after the Cabinet gave the go-ahead for foreigners to own the entire capital of publicly trading companies. Dubai Financial Markets soared 1 per cent to trade at 2,599 points after real estate outperformed as investors received one more cue that property companies are returning to the growth path. Deyaar Development announced a surge in quarterly profits to Dh15.1 million, up from Dh2.6 million reported for the first three months last year. Its topline jumped 51 per cent to Dh...