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02 March 02:24 AM

Sector News

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22 April 2025 07:45 PM Emaar contributes $1bn to promote Dubai’s global infrastructure
Dubai – Mubasher: Emaar Properties invested over $1 billion in enhancing Dubai’s global identity, affirming the company’s commitment to reinforcing the city’s international position with landmark social infrastructure. Emaar announced ongoing …
Companies Investments
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17 April 2025 01:53 PM Deyaar’s general assembly greenlights dividends for 2024
Dubai – Mubasher: The annual general assembly of Deyaar Development approved a 5% dividend distribution for 2024, according to a press release. The dividend aligns with Deyaar’s plans to transform the UAE's real estate landscape through pioneering …
General Assembly
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11 March 2025 05:45 PM Tecom Group’s AGM approves AED 400m cash dividend for H2-24
Dubai – Mubasher: The annual general assembly meeting (AGM) of Tecom Group approved the board’s recommendation to distribute a cash dividend of AED 400 million or 8 fils per share for the second half (H2) of 2024. This brings the full-year cash …
General Assembly
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17 February 2025 02:28 PM Union Properties sees growth in 2024 operating profit; new projects unveiled
Dubai – Mubasher: Union Properties witnessed lower net profits at AED 275.63 million in 2024, compared to AED 837.61 million in 2023, according to the financial statements. Basic and diluted earnings per share (EPS) dropped to AED 0.06 last year …
Financial Results
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16 February 2025 09:25 PM Emaar Properties generates AED 70bn property sales in 2024
Dubai – Mubasher: Emaar Properties delivered property sales nearing AED 70 billion ($19 billion) in 2024, marking an annual hike of 72% from AED 40.30 billion ($11 billion). The group’s revenue backlog from property sales exceeded AED 110 billion …
Financial Results
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16 February 2025 06:46 PM Emaar Development records highest sales in 2024; dividends unveiled
Dubai – Mubasher: Emaar Development recorded 75% year-on-year (YoY) higher property sales at AED 65.40 billion  ($17.80 billion) in 2024, compared to AED 37.40 billion ($10.20 billion). The company launched 62 projects during 2024, with revenue …
Real estate
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13 February 2025 00:27 AM Union Properties reduces legacy debt, targets another AED 150m cut by Q1-25
Dubai – Mubasher: Union Properties has achieved a significant milestone in its recovery plan by reducing its legacy debt of AED 1.47 billion as of 2022 to AED 575 million as of the end of December 2024. The company also plans for an additional …
Companies Investments
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11 February 2025 04:51 PM Deyaar’s profits jump in 2024; revenues exceed AED 1.5bn
Dubai – Mubasher: Deyaar Development recorded an annual rise in net profit after tax to AED 473.91 million during 2024, compared to AED 440.71 million, according to the preliminary unaudited financial results. Total revenue increased by 20.61% …
Real estate
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6 February 2025 04:00 AM Tecom Group’s profits exceed AED 1.2bn in 2024; dividends for H2-24 proposed
Dubai – Mubasher: Tecom Group witnessed 14% year-on-year (YoY) higher net profits at AED 1.22 billion in 2024, compared to AED 1.07 billion, according to the financial results.Revenues soared by 11% to AED 2.40 billion at the end of December 2024 fro
Sector Reports
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28 January 2025 01:54 PM Union Properties sells AED 1.3bn plot sales
Dubai – Mubasher: Union Properties has sold more than AED 1.30 billion worth of plots since the announcement of its five-year turnaround strategy in April 2023, according to a press release. This significant milestone anchors the company’s growth …
Real estate
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23 December 2024 00:33 PM Union Properties breaks ground on AED 2bn Takaya project
Dubai – Mubasher: Union Properties broke ground for its AED 2 billion project in Dubai’s Motor City community, according to a press release. The Takaya project marks a crucial turning point in the evolution of the company’s ambitious portfolio. …
Real estate
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15 December 2024 07:04 PM Emaar Properties doubles cash dividends to AED 8.8bn for 2024
Dubai – Mubasher: Emaar Properties plans to distribute 100% of its share capital as dividends for 2024 amounting to AED 8.80 billion ($2.40 billion), according to a press release. The announced amount marks a 100% increase in dividend paid for …
Real estate
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28 November 2024 01:55 PM Deyaar launches Park Five project at AED 1.5bn
Dubai – Mubasher: Deyaar Development has launched Park Five, an advanced residential community in Dubai Production City, at a value of AED 1.50 billion, according to a press release. The new scheme focuses on wellness-centric living and community …
Companies Investments
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12 November 2024 04:14 PM Emaar Development reports AED 83.7bn sales backlog in 9M-24
Dubai – Mubasher: Emaar Development posted revenues valued at AED 12.50 billion ($3.40 billion), marking a 69% year-on-year (YoY) leap, according to the financial statements. Emaar sales backlog reached AED 83.70 billion ($22.80 billion) in 9M-24, …
Financial Results
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12 November 2024 00:30 PM Emaar Properties achieves AED 12.4bn net profits in 9M-24
Dubai – Mubasher: Emaar Properties delivered consistent growth and operational efficiency across its diverse business segments during the first nine months (9M) of 2024, according to a press release. Total revenues enlarged by 30% year-on-year …
Financial Results
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7 November 2024 11:03 AM Deyaar logs AED 349m net profits in 9M-24
Dubai – Mubasher: Deyaar Development posted 47% year-on-year (YoY) higher net profits at AED 348.80 million in the first nine months (9M) of 2024, compared to AED 237.50 million. Earnings per share reached 7.51 fils as of 30 September 2024, an …
Financial Results
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3 November 2024 01:37 PM Tecom Group sees 23% higher profits in 9M-24
Dubai – Mubasher: Tecom Group logged net profits amounting to AED 942.67 million in the first nine months (9M) of 2024, higher by 23% than AED 767.54 million in 9M-23. The revenues stood at AED 1.75 billion as of 30 September 2024, up 10% …
Financial Results
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27 October 2024 11:24 AM Union Properties announces solid financial performance in 9M-24, AED 6bn projects
Dubai – Mubasher: Union Properties generated net profits valued at AED 53 million in the third quarter (Q3) of 2024, according to the financial results. The strong performance reflects the company’s effective strategic planning and efficient cost …
Companies Investments
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21 October 2024 02:58 PM Tecom Group concludes acquisition of Office Park
Dubai – Mubasher: Tecom Investments FZ LLC, a subsidiary of Tecom Group, has completed the acquisition of Office Park from Emirates REIT at a value of AED 720 million, according to a press release. Following the transaction, the UAE-based group …
Companies Investments
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10 October 2024 01:04 PM Union Properties launches new development project in Dubai
Dubai – Mubasher: Union Properties has officially launched its new Takaya project in Dubai Motor City, setting a new standard in the mid-to-high range segment, according to a press release. The Takaya project aims to enhance the offerings provided …
Real estate
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2 October 2024 10:44 AM Tecom Group unveils AED 720m acquisition deal
Dubai – Mubasher: Tecom Group has signed a binding memorandum of understanding (MoU), on 30 September 2024, to acquire a multi-let commercial asset in Dubai Internet City for AED 720 million. The agreement was signed between Tecom Investments FZ …
Companies Investments
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22 August 2024 11:08 AM Tecom Group’s acquisition deals, investments exceed AED 2bn
Dubai – Mubasher: Tecom Group completed the acquisition of new commercial and industrial assets as part of an AED 1.70 billion strategic plan that was announced in May 2024, according to a press release. This aligns with the group’s announcement …
Companies Investments
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11 August 2024 01:30 PM Emaar Properties generates AED 14.4bn revenues in H1-24
Dubai – Mubasher: Emaar Properties released its financial results for the first half (H1)of 2024, reflecting total revenues valued at AED 14.40 billion ($3.90 billion), according to the income statements.  The generated revenues were higher by 17% …
Real estate
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8 August 2024 04:52 PM Emaar Development’s property sales hit AED 29.7bn in H1-24
Dubai – Mubasher: Emaar Development registered a 56% increase in property sales to AED 29.70 billion ($8.10 billion) in the first half (H1) of 2024, compared to AED 19 billion ($5.20 billion) in H1-23. This performance was attributed to Emaar …
Real estate
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4 August 2024 02:28 PM Tecom Group unveils AED 603m profits in H1-24, dividends
Dubai – Mubasher: Tecom Group achieved net profits worth AED 603.04 million in the first half (H1) of 2024, an annual increase of 24% from AED 484.59 million. The revenues increased by 9% year-on-year (YoY) to AED 1.14 billion in H1-24 from AED …
Financial Results