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Deyaar’s Net Profit For 2013 Up 300%

The Dubai developer increased its gross profit for the year from Dhs199 million in 2012 to Dhs307.5 million.

Saudi’s Dar Al Arkan May Repay $450m Sukuk Early

The $450 million Islamic bond is due to mature in February 2015.

Dubai Apartment Rents Rise 50% In 2013

Residential sales prices also shot up by 60 per cent last year, says a new report.

Arabtec Plans To Hire 10,000 Across The Middle East

The Dubai-based construction company is targeting young recruits for the new roles.

Pearl Dubai Sells $1.9bn Assets To Hong Kong Property Group

The sale includes high-end residences and serviced apartments and two five-star hotels within the Dubai Pearl project.

Emaar Launches Yasmin Villa Community In Dubai’s Arabian Ranches

Emaar’s latest launch brings in Arabesque-styled villas in the Arabian Ranches expansion.

Dubai Ranks 3rd Among World’s Top 20 Dynamic Cities

The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.

IMF Hikes UAE 2014 Growth Forecast, Warns Against Property Bubble

The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.

Nakheel Executive Appointed As Limitless CEO

Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.

Dubai Prime Home Price Growth Slows On State Cooling Measures

Dubai doubled the registration fee charged on real estate transactions to four per cent last year.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.

Emaar Launches Rasha Villa Project in Dubai’s Arabian Ranches

The Spanish-style community will include 140 villas.

Dubai Tram To Boost Property Prices In Marina

Dubai Marina has recorded a sharp upturn in investor appetite owing to its proximity to the tram.

Emaar Properties Appoints Abdulla Lahej As Group CEO

The Dubai developer confirms departure of Low Ping as group CEO, says she will remain advisor to chairman Alabbar.

Dubai’s Emaar Quietly Replaces CEO Low Ping

The firm appointed Abdulla Lahej as her replacement, industry sources said.

Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.

Dubai Starts Work On Huge Resort On The World Islands

The “Heart of Europe” project, a complex of luxury hotels and villas, is expected to be completed by the end of 2016.

New Upscale Project Launched In Dubai’s Motor City

The project will be developed by Dubai’s Union Properties, along with National Properties, a unit of National Bonds Corporation.

Nakheel Chairman: No Increase In Sales Prices In 2014

The Dubai developer is maintaining sales prices at the same level as last year, confirms chairman Ali Rashid Lootah.

Abu Dhabi’s Prime Property Prices Rose 30% In Q4 2013

Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.

Nakheel 2013 Profit Up 27%; Plans Dhs6-8bn New Projects In 2014

The developer attributed the profit rise to the timely completion of projects and the handing over of finished units to customers.

Dubai’s Real Estate Deals Hit Dhs236bn In 2013

The number of deals in Dubai rose 53 per cent from 2012, reaching a total of 63,652, according to the land department.

Nakheel Appoints Halcrow To Design New Palm Attraction

The new project, called The Boardwalk, will run across the whole of the existing crescent with a pier at either end.

Abu Dhabi To Give Foreigners Freehold Property Titles

The capital of the UAE has designated areas for property investment by foreigners.

Nakheel Launches New Plots For Sale At Jumeirah Village Circle

Prices start at Dhs10 million and the plots can be used for residential, hotel or commercial development.

Dubai’s Arabtec Wins $705m Abu Dhabi Contract

The project on Al Reem Island will house a five-star hotel and a residential tower, and will be built within three years.

Dubai’s Victory Heights Project Completed

Victory Heights handed over 75 per cent of its phase one villas in 2010 as Dubai recovered from a property crash.

Emaar To Redeem $237m Convertible Bond On Feb 6

Shares of Emaar climbed 103.7 per cent last year, helped by returning confidence in Dubai’s real estate sector.

Emaar Launches Lila Villas In Arabian Ranches

The Spanish-themed villas will form part of the Arabian Ranches extension plan.

Nakheel Plans $1.1bn Of Early Debt Repayments In 2014

Nakheel was taken over by the government as part of a $16 billion rescue plan completed in 2011.