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Revenue gains take Damac to Dh3.7b in H1-18


Damac Properties recorded an improvement in revenues in the first six months, at Dh3.7 billion against the Dh3.5 billion in the first half of 2017. But there was a sharp decline in net profit to Dh862 million from first-half last…

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From budget to luxury, Dubai firms up hospitality mix

Gold Rate From budget to luxury, Dubai firms up hospitality mix

While there is no shortage of world-class hospitality facilities in Dubai, this year will see the addition of more elegant and luxurious hotels. Among the most notable new launches: the Emerald Palace Kempinski and the W Dubai on the Palm…

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In Dubai, ‘Dh3.5b is a reasonable target’

Sobha heartland

A new twin-tower apartment project could well be deemed a testing of the water for Sobha Group, the company that has built its brand around high-end, aspirational housing developments. The company’s biggest project, District One in Mohammad Bin Rashid (MBR)…

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Dubai second home supply set to surge

Luxury floating home

Dubai’s luxury second home market is gaining traction as the Kleindienst Group prepares to hand over properties this year. The developer of the Heart of Europe, a cluster of six islands on The World, will hand over 40 Floating Seahorse…

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