A home of their own for Indian expats
Thanks to the fall in value of the rupee, many non-resident Indians find themselves well positioned to buy a property back home. But with elections coming up amid continuing uncertainty, timing is crucial.
In pictures: Dubai ‘ghost tower’ gets breath of life
Shams 1, a tower of 317 apartments completed by master developer Dubai Properties Group back in 2006, but has lain mostly empty throughout Dubai property's boom and bust years, is finally coming to the market.
In pictures: Dubai Police’s new super boat
As well as its fleet of supercars, Dubai Police now has a new super boat.
Siege of Syrian arms depot exposes chemical weapons fears
Detailed accounts describe military commanders from the US, Europe and Arab states scrambling to make sure the weapons did not fall into the hands of Al Qaeda-affiliated rebels after information emerged the bunker could contain sarin gas.
In pictures: 2014 Geneva Motor Show displays the stylish and conceptual
The 84th edition of the show opens its doors with a vast array of stunning cars, and creative design and engineering.
Milena Martinou is finding a way to get in her fitness kicks
Milena Martinou has a degree in finance and she does not have an aggressive streak. Remember that as she co-headlines Fight Night on Friday night at Du Forum on Yas Island.
March 4, 2014
Aldar said that it had revised its predictions for the amount of cost saving synergies it would be able to make from Dh90 million - Dh100 million to Dh145m - Dh150m a year.
January 21, 2014
Reem’s reputation as a pleasant and affordable location has attracted growing legions of tenants. But price rises seem inevitable with the removal of the rent cap, and for many that will determine whether they stay or go.
November 27, 2013
Aldar Properties has raised US$750 million through its first sukuk issue since its merger with Sorouh Real Estate in June as the developer seeks to reduce its borrowing costs.
October 23, 2013
Moody’s has marked Abu Dhabi's Aldar up three full notches, the second time this week a rating agency has raised its estimate of the company’s creditworthiness.
June 23, 2013
Abu Dhabi developers Aldar Properties and Sorouh Real Estate will trade as a merged entity from June 30 with a capital of Dh7.86 billion, the Abu Dhabi exchange said in a statement on Sunday.
April 3, 2013
A $6.4bn buyout of Egypt's Orascom Telecom by Altimo is the region's biggest announced M&A deal so far this year, while the merger of Aldar Properties and Sorouh Real Estate has been the largest in the UAE.
March 10, 2013
AldarSorouh Properties, the company to be created through the merger of Abu Dhabi's two largest developers, was rated buy at Arqaam Capital.
March 4, 2013
Abu Dhabi shares yesterday dropped to their lowest in almost a week as investors speculated a rally this year prompted by higher 2012 results was overdone and after oil prices fell in New York.
February 28, 2013
Abu Dhabi's benchmark index rallied to the highest level in more than three years as investors snap up banking stocks.
February 19, 2013
Shares in Sorouh Real Estate rises to their highest level in more than two years as expectations build about progress in a potential merger with Aldar Properties.
January 31, 2013
Adec says moving back or selecting Al Rayyana as a housing location is an option to any of its staff but none will be forced back there if they don’t want to be there.
January 31, 2013
In its last ever full year results before a merger with Aldar, Sorouh said that consolidated net profits showed a 32 per cent hike on 2011 figures.
January 28, 2013
Markets Wrap: Shares in the top Dubai bank, Emirates NBD, surge to a 15-month closing high ahead of its earnings later this week, helping lift the emirate's bourse yesterday.
January 28, 2013
Shareholders of Aldar Properties and Sorouh Real Estate will vote on the proposed merger next month and the deal is expected to be completed by end-June, the companies said in a joint statement.