Dubai’s Damac raises $100m in sukuk issue

Damac says its property development arm has raised $100 million via a sukuk, or Islamic bond, which will partly be used to...

Construction

First Dubai South hotel apartments ready soon, says Damac

A Damac Properties development in Dubai South is set to complete within six months, marking the first luxury serviced hotel apartments to be...

Construction

UAE’s Arabtec denies $40bn Egypt housing contract scaled back

Arabtec has denied a media report saying that the company would only develop the first phase of a massive housing project in...

Construction

Dubai markets: Emaar and Damac shares fall further

Some of the UAE’s biggest real-estate companies saw continued share-price declines on Monday, with the overall Dubai Financial Market (DFM) index down by 1.44%.The...

Construction

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...

Construction

Dubai’s Arabtec denies withdrawing from $40bn Egypt housing project

The Dubai-listed builder Arabtec has denied reports it is withdrawing from a $40 billion scheme to build a million homes in Egypt.The...

Construction

Shares in Dubai’s Arabtec down 5% after Q2 loss

Shares in the Arabtec fell by over 5% on Sunday after the Dubai-listed builder reported a second-quarter loss on the back of...

Construction

Dubai’s Drake & Scull reports lower profits, H1 revenues edge up

The Dubai-listed contractor Drake & Scull International (DSI) has reported total revenues of $650.7 million (AED2.39bn) and a net profit of $9.25...

Construction

Dubai Parks and Resorts’ expenditure tops $1bn

Total expenditure by Dubai Parks and Resorts exceeded $1.03 billion as at the end of June, according to the latest filings by...

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...