Monthly Archives: October 2014

If I Were A Rich Man

HH Sheikh Mohammed bin Rashid Al Maktoum announced a seven-year plan to make the UAE one of the leading innovative countries in the world. His National Innovation Strategy will focus on seven main areas – education, health, renewable energy, space, … Continue reading

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Rolling In The Deep

This week, Emaar’s directors approved a special cash dividend of US$ 2.46 billion, following a US$ 2.2 billion pay-out earlier in the year As at 16 October, the developer’s market capitalisation was US$ 19.3 billion, down some US$ 3.0 billion … Continue reading

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A Bad Moon Rising

Nakheel reported a 46.9% surge in profits to US$ 708 million for the first nine months of 2014. This improvement was aided by a handover of 950 properties and a strong performance from its retail sector.  Although it has paid … Continue reading

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You Can’t Get Me I’m Part Of The Union

Two events have reaffirmed the buoyancy and confidence in Dubai’s resurgence: last week’s Cityscape unveiling of 27 projects, totalling US$ 10.9 billion, and Emaar Malls Group’s recent successful IPO. With the institutional side of the sale being 30 times oversubscribed … Continue reading

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