Real estate market
Dubai: Nakheel recorded net profit of Dh4.38 billion in 2018, a period in which it has focused heavily on existing projects, both nearing completion and those with a longer timeframe. A year ago, the net profit was Dh5.67 billion. “Nakheel is targeting a substantial increase in annual recurring revenue in the next five years as…
Prices have fallen 25 per cent to 33 per cent in nominal terms since 2014, an S&P report said. Dubai residential property prices will fall another 5-10 per cent this year due to a continued gap between supply and demand, before steadying in 2020, S&P Global Ratings said on Tuesday. The Dubai government’s finances rely…
The Sharia-compliant real estate investment trust is diversifying the composition of its $456m portfolio ENBD Reit, the Sharia-compliant real estate investment trust managed by Emirates NBD Asset Management, has earmarked $65 million for acquisitions this year as it seeks to diversify its $456m property portfolio amid soft market conditions, an executive said. The Nasdaq Dubai-listed…
Dubai firm continues to maintain strong balance sheet with total assets at Dh60.4B Leading retail and leisure conglomerate Majid Al Futtaim reported on Wednesday an 8 per cent growth in revenue to Dh34.6 billion and a 9 per cent increase in earnings to Dh 4.6 billion for 2018. In a statement, the Dubai-based company said…
Owning a home is a keystone of wealth… both financial affluence and emotional security.