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RAK Ceramics reports 10.2% increase in annual profits
Gross margin from its core business rose to 29.3%. RAK Ceramics has reported a 10.2% increase in its annual profits, which rose to...
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Dubai’s Nakheel ‘seeks $1.4bn loan to fund projects’
Developer declined to comment on reported talks with banks. The Dubai-based developer Nakheel is looking to borrow AED 5 billion ($1.4bn) from...
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Abu Dhabi’s Aldar ‘monitoring property supply’
Developer watching how many units it releases after ‘slowdown’ in market. Aldar Properties is monitoring its supply of units to the market after...
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Project profile: ICD Brookfield Place at DIFC, Dubai
First major project approved in the financial district since 2008. The Dubai International Financial Centre (DIFC) district is home to some of...
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DSI posts $4m Q4 profit despite regional slowdown
Dubai-listed contractor posts overall 2015 loss of $255m. Drake and Scull (DSI), the Dubai-based contractor, has announced a substantial jump in its...
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Abu Dhabi prime office rents stable: Knight Frank
Offices between 100sqm and 500sqm in demand. Abu Dhabi prime and Grade A office rental rates remained steady in the second half...
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Dubai Parks spending hits $1.6bn at end of ‘15
Theme park construction progressing, with 70% of infrastructure now complete. Dubai Parks and Resorts is on track to open in October, with...
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Damac: Short supply to boost Dubai market
Developer says fewer than 10,000 units will be delivered this year. A shortage in supply of new homes is set to boost...
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Kuwait’s Al Kout waterfront project to open by Q4 2017
The $234m Al Kout Mall is part of the 300,000sqm project. Kuwaiti developer Tamdeen Group has announced that its Al Kout waterfront...
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Abu Dhabi property market ‘slowdown’ in 2016 – Asteco
Prices expected to remain steady despite less activity, consultancy says. Abu Dhabi property activity is set for a “noticeable slowdown” in 2016,...
