Emaar, Damac and Arabtec shares hit hard as Dubai market falls 6%

Shares in some of the UAE's biggest real estate and construction firms saw massive declines on Sunday morning, helping push down the...

Property

Damac shares soar 15% on Dubai market as Q2 profits triple

Shares in Damac Properties soared by 15% on Wednesday after its financial results indicated the developer’s second-quarter profits had tripled.The Dubai-listed firm...

Construction

Emirates REIT in $56.7m deal to build school at Akoya in Dubai

Emirates REIT, a real-estate investment trust, says it plans to spend $56.7 million (AED208.3m) in building a school at the Akoya by Damac development...

Property

Dubai’s Damac launches Aykon tower in London; units start at $1m

Damac Properties on Monday launched Aykon Nine Elms in London, its first development outside the Middle East, where it plans to initially...

Property

Damac Properties launches Paramount Residences in Dubai

The Dubai-listed property developer Damac has launched a 64-storey tower in collaboration with Paramount Hotels & Resorts, which is set to house...

Property

Damac Properties to open women-only sales office in Dubai

Property developer Damac plans to open a women-only sales office in Dubai, as a response to what it says is an increasing...

Construction

Dubai’s Damac Properties awards $760m contracts so far in 2015

Dubai’s Damac Properties says the value of contracts it has awarded so far this year has exceeded $760m, despite a slowdown in...

Property

Dubai’s Damac launches $477k ‘hotel villas’ at Akoya Oxygen

Dubai’s Damac Properties has launched a ‘hotel villa’ concept within its Akoya Oxygen community in Dubailand. The Nova Hotel Villas are available...

Property

‘Strong demand’ for cheap Dubai homes as property prices drop

There is ‘strong demand’ for affordable homes in Dubai as prices in the overall property market decline, an Asteco report has found.The real-estate services...