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Aldar reports 8% growth in Q3 revenues to Dh1.5 billion

Aldar Properties, Abu Dhabi’s largest freehold property developer, reported an 8 percent year-on-year increase in revenue to Dh1.5 billion in the third quarter of 2018 and steady year-on-year gross profit of Dh581 million reflecting the strength of its core business.

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Nakheel reports 3.5% decline in 9-months net profits to Dh3.86 billion

Nakheel, developer of the world’s first palm-shaped islands, reported a 3.5 percent decline in its net profits of Dh3.86 billion for the first nine months of 2018, down from Dh4 billion recorded in in the corresponding period last year.

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Arada unveils Smart City plans for Aljada

Arada has announced plans to create one of the UAE’s smartest cities at Aljada, the progressive urban megaproject located in the heart of Sharjah. Among the innovations to be introduced at the 24 million square foot development are a Sustainability Lane for electric vehicles, smart parking, smart solar-powered lighting and ‘circular’ offices. The aim of these initiatives will be to provide residents, workers and visitors to the destination with technology that adds value, improves quality of life, saves money and also supports the environment.

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Dubai gets its Way in Texas

A street named ‘Dubai Way’ – has been inaugurated in an agricultural town called Frisco in Texas, USA. Dubai Way in Frisco, Texas, which is part of Investment Group Overseas’ (IGO’s) development The Gate, was inaugurated by Sultan Butti bin Mejren, Director General of Dubai Land Department (DLD); Saeed Mubarak Al Muhairi, Consul General of the UAE in Houston; Jeff Cheney, Mayor of Frisco; Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD; and Dr Anas Kozbari, Managing Partner and CEO of IGO.

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Union Properties returns to black with US$39.7 million net profit for first 9 months of 2018

Union Properties, a leading Dubai-based property developer, has recorded a net profit of US$39.7 million (Dh145.6 million) in the first nine months of 2018, compared to a net loss of US$626.7 million (Dh2.3 billion) for the same period in 2017.

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Emaar Development records 19% growth in net profit to US$680 million in the first nine months of 2018

Emaar Development PJSC, the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC, recorded a 19 per cent growth in growth in net profit to Dh2.49 billion (US$680 million) during the first nine months (January to September) of 2018, compared to the net profit of Dh2.1 billion (US$573 million) during the same period in 2017.

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Dubai opens real estate trustee office in New York

US investors will now be able to register their properties, records, obtain title deeds and ejari documents in New York, following the inauguration of the first real estate promotion trustee office in the United States by Dubai Land Department (DLD).

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Triple property sales with Triplerr app!

Selling properties is both art and science. It requires planning, precision – targeted and scientific approach while at the same time it needs the creative aspects on how to win hearts and minds of the potential customers with the unique selling points of the properties.

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Bluewaters, home to the world's largest wheel Ain Dubai, opens to public

Bluewaters, home to the world's largest observation wheel Ain Dubai, opens to public.

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Gemini Property Developers restructures board as company plans expansion into India and Saudi Arabia

Gemini Property Developers, a Dubai based boutique real estate developer, has announced the restructuring of its Board of Directors in the wake of planned expansion. Sailesh Jatania, former Chief Executive has been promoted to the position of Board Advisor, given his extensive experience of the UAE and the region’s real estate market. He has been moved from execution to strategic role.

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