Emirates REIT profits hit by revaluations

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Equitativa, the fund manager that runs Dubai’s biggest real estate fund, has stated its intention to continue its cost-cutting drive after posting its third quarter results and reporting an 81% in net profit. The fund, Emirates REIT, generated a 4% year on year increase in property income to $54.1 million in the first nine months[…]

Sheikh Ahmed in control at Dubai Holding, Meraas

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A model of the Port De La Mer luxury residences by Meraas on display at the recent Cityscape Global in Dubai. The Meraas portfolio houses an eclectic collection of projects Image Credit: Clint Egbert/Gulf News Dubai: Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline[…]

What’s Jones Lang Lasalle Incorporated (NYSE:JLL) Upside After This Short Interest Increase?

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Investors sentiment decreased to 0.98 in 2019 Q2. Its down 0.65, from 1.63 in 2019Q1. It dived, as 37 investors sold Jones Lang LaSalle Incorporated shares while 111 reduced holdings. 44 funds opened positions while 101 raised stakes. 41.06 million shares or 0.91% more from 40.69 million shares in 2019Q1 were reported.M&T Comml Bank Corporation[…]

Millennial potential untapped by Dubai real estate

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One of the most important upcoming events that does not get highlighted often enough is that in 2020, the first wave of millennials will be turning 40. Millennials, a generation associated with instability and instantaneousness, are fast approaching an age that is thought to be synonymous with settlement. And the first step on that journey[…]

Dubai ruler appoints Emirates chairman to oversee Dubai Holding, Meraas

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DUBAI (Reuters) – Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum has appointed the chairman of Emirates airline to temporarily oversee his investment vehicle as well as property firm Meraas, the Dubai media office tweeted on Thursday. FILE PHOTO: The corporate logo of Dubai Holding is seen in Dubai, United Arab Emirates, December 28, 2018. REUTERS/[…]

October 2019 sees highest number of real estate transactions since 2008, reveals Property Finder

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Share Tweet Google Plus Share Email October was a record month for Dubai real estate sales, contradicting reports of a slowdown in the property market. There were 4,774 overall property sales recorded with the Dubai Land Department (DLD) in October 2019, the highest since 2008, according to statistics from Data Finder, the real estate insights[…]

Dubai property sales hit highest mark since 2008

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There were 4,774 property sales recorded with the Dubai Land Department in October, the most for 11 years October was a record month for Dubai real estate sales, contradicting reports of a slowdown in the property market. There were 4,774 property sales recorded with the Dubai Land Department (DLD) in October, the highest since 2008,[…]

Emaar’s Dubai home sales up 125% so far in 2019

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New data shows there were 7,214 sales registrations involving homes built by the Burj Khalifa developer in the first nine months of 2019 Properties built by Emaar Properties, both off-plan and in the secondary market, are the most traded in Dubai so far this year, according to new research. Statistics from Data Finder, a real[…]