Tamweel net profit drops 29%
Posts Dh72 million profit in 2012 due to higher provisions Tamweel , the UAE Islamic home finance provider, net profit…
Property & Real Estate
2488 articles found
Abu Dhabi’s Aldar to Buy Sorouh in $1.5 Billion Deal
Aldar Properties PJSC agreed to buy Sorouh Real Estate PJSC in a 5.5 billion-dirham ($1.5 billion) deal that would create…
Dubai Group settles lawsuit over debt deal
Dubai Group, a struggling unit of the ruler of Dubai's personal investment firm, has settled with banks who brought legal…
UAE banks seek talks over expat mortgage cap
Banking CEOs in the UAE are said to be keen to meet with central bank officials to discuss the regulator's…
Expat mortgage cap sends shockwaves across UAE banking sector
The UAE Central Bank’s decision to cap mortgage lending for expatriates at 50 per cent of the property’s value is…
GCC Locals Buy More Property Within Region
GCC nationals and national bodies are buying more real estate within the region, according to recent statistics released by the…
DIFC Authority introduces new Non Profit Incorporated Organisations Law
DIFC Authority introduces new Non Profit Incorporated Organisations Law and amendments to the Employment Law, Data Protection Law and Real…
Mobile millionaires place family and quality of life above business interests – RBC Research
A global, nomadic approach to personal and professional life is a key factor to the success of millionaires around the…
Qataris snap up Champs Elysées asset
Qatar Investment Authority is understood to be the buyer of the historic Lido asset at 116 bis Champs Elysées in…
Gatehouse Bank acquires 2nd US ‘portfolio’
Gatehouse Bank has completed the acquisition of a diverse industrial portfolio of 19 operationally critical properties across the United States…
MidEast investors eye Dubai property
Dubai’s property sector is the most popular asset class for Middle Eastern investors buoyed by its improved economic outlook, stable…
Falcon Private Bank takes stake in Austrian Signa Prime
Zurich-based Falcon Private Bank, controlled by Abu Dhabi’s sovereign wealth fund ADIA, has taken a stake in high-street retail investor…