Top Real Estate News

  • Emaar Properties reports 2011 net operating profit of AED2.058bn


    Emaar Properties PJSC, the global property developer of integrated lifestyle communities, announced today a net operating profit of AED 2.058 billion (US$ 560 million) for the 12 months ended December 31, 2011. Press Release - 14Feb 11:21GMT
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  • ARE preliminary year-end financial statements for the year 2011


    The Palestine Exchange (PEX) received unaudited year-end preliminary financial statements from Arab Real Estate Establishment Company (ARE). Press Release - 14Feb 13:08GMT
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  • Aldar posts Dh643m profit as revenues up


    Aldar Properties declared a net profit of Dh642.5 million in 2011 against a loss of Dh12.658 billion in the same period a year ago. Khaleej Times - 14Feb 07:05GMT
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  • Building material costs in Abu Dhabi decreased last month


    The average prices of several building materials in Abu Dhabi fell in January compared with December with the largest fall recorded in the average price of steel, which declined 5.9 per cent, Statistics Centre Abu Dhabi (Scad) said. Gulf News - 14Feb 05:51GMT
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  • Nakheel to stop chiller fee subsidy


    Nakheel cannot continue to subsidise chiller charges for property owners due to rising power costs, the company's Chairman has said in exclusive comments to Emirates 24|7. Emirates 24|7 - 14Feb 04:33GMT
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  • Emaar to expand Dubai Mall by 1 mn sq ft from existing 12 mn


    Dubai's Emaar Properties said it plans to expand its flagship asset, The Dubai Mall, by over 1 million square feet, from the existing 12 million square feet development, to include more retail outlets and hotel rooms. Zawya Dow Jones News - 13Feb 10:13GMT
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  • SZHP and Sorouh sign agreement


    The Sheikh Zayed Housing Programme (SZHP) has signed cooperation agreement with "Sorouh" Utility Service Company. WAM (Emirates News Agency) - 12Feb 11:21GMT
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  • Dubai villa owners conceive 'cool' alternative to high chiller charges


    A steep hike in chiller charges proposed for Dubai's upscale Jumeirah Islands is forcing villa owners to look for alternative ways to cool their abodes. A number of Jumeirah Islands villa owners have refused to sign up the new contract citing an unreasonable hike in proposed consumption charges - two-and-a-half times of last year's charges. Emirates 24|7 - 12Feb 05:16GMT
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  • Dubai Police deny reports of Burj Khalifa fire


    Police denied reports about a fire breaking out at the Burj Khalifa on Saturday night. Police termed it a rumour, a "Blackberry story". Gulf News - 12Feb 04:25GMT
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  • Saudi women realtors to form association


    A number of Saudi businesswomen, who are investing in real estate, are planning to announce the establishment of their first association in Jeddah soon, market sources told Arab News. Arab News - 11Feb 07:40GMT
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The Select Group's residential towers
 
Dubai Eye - 13 Feb 2012
Rahail Aslam, CEO of The Select Group, discusses the residential towers that they're handling over and the market and their islands on 'The World'.
 
 
 
 
 
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Zawya Select
ZawyaSelect
UAE
Dubai property pain
While Dubai's economic environment is improving rapidly, the real estate sector is likely to go through more pain and fall by a further 15-20% before bottoming out, says Rasmala.
 

 
Libya
Hampering business
In recent weeks business delegations from across the world have found their way to Libya. China is seeking to resume operations for 26 companies in 50 projects worth $19bn in the real estate, rail, oil and telecommunications industries.
 

 
Regulatory
Dealing with mortgage default
UAE's economy has found itself exposed to unprecedented rates of mortgage default, but the country is determined to address them and has already done much in that regard, at least in the way of public discourse and a series of draft laws writes Ludmila Yamalova, Managing Partner of HPL Yamalova & Plewka JLT.
 
 
Companies in Real Estate
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Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Ezdan Real Estate Company Qatar 13,766
2 Emaar Properties UAE 4,875
3 Jabal Omar Development Company Saudi Arabia 3,494
4 Barwa Real Estate Company Qatar 3,109
5 Douja Promotion Groupe ADDOHA Morocco 2,646
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