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Arabtec pursuing cases against former management, says chairman

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The Arabtec Holding chairman Mohamed Al Rumaithi said that the company had instigated legal proceedings against former members of the company’s management team who have been accused of misappropriating company funds. “Everyone working in senior management and middle management who did not do their duties for the sake of Arabtec will be in court,” Mr[…]

Dubai News | News Centre

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Tuesday, April 18, 2017 •    Bin Mejren: “The awards confirm that Dubai is a center of global real estate innovation”•    The closing ceremony celebrates the highest achievements and best real estate practices in the region Dubai Land Department (DLD) has achieved exceptional success with the first edition of the Gulf Real Estate Awards 2017, fulfilling[…]

Abu Dhabi property at a glance

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Four top real estate insiders offer views on key market indicators, from economic sentiment to demand trends and the rent cap Where do I put my money? John Stevens, Managing Director of property managers Asteco, offers his view on the top areas to look at in Abu Dhabi: “Depending on type, quality and location, all[…]

Aldar maintains its aim at Abu Dhabi mid-market property

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Aldar Properties will continue its focus on the price-conscious Abu Dhabi investor with the launch at a property exhibition in the capital today of its second mid-market off-plan housing project. Abu Dhabi’s largest listed developer said yesterday that it plans to build 1,272 homes on Reem Island with prices for studio apartments starting at Dh450,000.[…]

Dubai’s Emaar Properties sees budget hotels, e-commerce sales boom – Xinhua

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DUBAI, April 17 (Xinhua) — Mohamed Alabbar, the chairman of the United Arab Emirates’ (UAE) biggest developer Emaar Properties said here on Monday at the annual general meeting that the group’s budget hotel segment “Rove” is among the fastest growing business segments and that sales through digital channels are advancing as well. Addressing Emaar’s shareholders[…]

Emaar keeps focus on growth at annual general meeting

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The Emaar Properties chairman Mohamed Alabbar has said that its board will continue to place pressure on its management to deliver profitable growth. Opening the company’s annual general meeting with a PowerPoint slide showing how it had beaten profit targets for two out of the past three years, and that the cumulative three-year figure was[…]