Dubai based real estate developer Deyaar posts Dh22.6m net profit in H1-2021
The company recoded Dh297.4 million in revenue during the first six months of 2021
Source: gulfnews.com
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Dubai high-rise construction makes a comeback with Business Bay skyscraper
DUBAI: Deyaar Development has revealed plans for a 1 billion dirham ($272 million) skyscraper in Dubai as high-rise construction in the emirate revives. The Business Bay tower will include an Olympic-size infinity pool and an outdoor winter cinema, the developer said in a stock exchange filing. Deyaar CEO Saeed Al-Qatami said the project would “set a new benchmark for high-end urban living in the heart of the city.” Dubai developers have been encouraged to announce new projects amid rising demand for luxury real estate in parts of the emirate and despite a continuing glut of new homes due...
Source: arabnews.com
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MIDEAST STOCKS Most major Gulf stock markets gain; Qatar index eases
Most major stock markets in the Gulf rose in early trade on Sunday supported mostly by banking stocks, while Qatar bucked the trend to trade lower.
Source: reuters.com
Deyaar board approves Dh500m settlement offer from Limitless
The proposal, which follows a 2019 court ruling, includes both cash and land
Source: thenationalnews.com
UAE's listed companies show off some triple-digit profit gains - some in four digits too
But it is another Abu Dhabi entity, International Holding, that's blazing a hot trail
Source: gulfnews.com