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Dubai Property

Kuwait real estate sales jump in June
Real estate sales in Kuwait saw a significant jump in June following a sharp drop the previous month, according to a report by National Bank of Kuwait. A total of 432 sales transactions were registered at a value of KD 177.4 million. Although unit sales and values were up by 30% and 22% respectively from the previous month, they were down 53% and 28% respectively on a year ago. June's strong performance was largely due to a buoyant month in the apartments and commercial property segment, which saw sales rise 28% by value and 63% by number of units sold, the report said.
Kuwait: Tuesday, July 22 - 2008 at 15:13

Pearl of Kuwait Real Estate profit up 72%
Pearl of Kuwait Real Estate, a Kuwaiti property investment firm, has reported that its second-quarter profit increased 72%, reported Bloomberg. Net income climbed to 8.1 million dinars ($30.5m), or 32.2 fils a share, from 4.7 million dinars, or 21 fils, a year earlier, the company said. First-half profit more than doubled to 12 million dinars.
Kuwait: Tuesday, July 22 - 2008 at 14:50 |

Tamweel profit rises 259% in H1
Dubai-based real estate finance company Tamweel has reported that its net profits in the first half of 2008 reached Dhs387.3m ($106m), up 259% compared to Dhs108.03m in the first half of 2007. Net profit for the second quarter of 2008 touched Dhs210.95m, an increase of 266% from Dhs57.56m in the second quarter of last year.
United Arab Emirates: Tuesday, July 22 - 2008 at 07:26

iDubai launched at Maritime City
Indian company Baani Group has ventured in Dubai with its 50-storey residential twin-tower at Dubai Maritime City in partnership with Gowealthy.com. iDubai will offer exclusive sky villas in one of the towers with apartments, commercial spaces and retail shopping area. The individual sky villas measuring approximately 2882 sqft will feature three bedroom suites and a maid's room.
United Arab Emirates: Monday, July 21 - 2008 at 10:18 |

Santorini unveiled in Marjan, RAK
Stallion Properties and Aspire Real Estate have launched the Santorini development in Ras Al Khaimah's Al Marjan island. The development valued at Dhs1.2bn will comprise of condominiums, town homes, premium villas, retail outlets, water bungalows and a 5 star hotel.
United Arab Emirates: Monday, July 21 - 2008 at 09:36 |

Deyaar soars 266% in H1
Deyaar's net profit for the second quarter of 2008 has reached Dhs246.9m, 22% higher than the first quarter of 2008, and 184% higher than the Dhs87m for the same quarter last year. In total, the company's first half in 2008 rose by 266%, with Dhs448.9m net profits compared to Dhs122.8m in the first half of 2007.
United Arab Emirates: Monday, July 21 - 2008 at 09:07

Flamingo Creek buyers get contract
National Bonds has said that it will hand over the sale and purchase agreements to buyers of Flamingo Creek properties. Flamingo Creek homeowners can sign and receive the agreement on 22 July at Dubai Festival City. Flamingo Creek is made up of 244 villa-style apartments and townhouses within The Lagoons, which are managed and developed by Deyaar.
United Arab Emirates: Sunday, July 20 - 2008 at 14:42

Investate gains $16m in H1
Investate Realty has announced that the company's revenue reached $22.1m, with a net profit of $16.1m for the first half of 2008. The company invested in land in the Bahrain Financial Harbour District, in Manama, to carry out a $410m mixed-use residential development and a 4.5 acre waterfront property in London during this period.
Bahrain: Sunday, July 20 - 2008 at 14:26