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25 December 10:10 AM

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18 December 09:07 PM Tecom Group launches AED 615m innovation hub Phase 4 in Dubai
Dubai – Mubasher: Tecom Group has launched Phase 4 of Innovation Hub in Dubai Internet City at a value of AED 615 million amid rising demand for Grade-A office spaces from global multinational companies. With a gross leasable area (GLA) of 263,000 …
Companies Investments
Mirdad Project
15 December 11:37 AM Union Properties launches AED 2bn Mirdad project
Dubai - Mubasher: Union Properties has officially broken ground on its Mirdad project at AED 2 billion in Dubai Motor City, according to a press release The launch marks the company’s second landmark development in the area, supporting its growth …
Companies Investments
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5 November 08:49 PM Deyaar Development sees 24% higher profits in 9M-25
Dubai – Mubasher: Deyaar Development registered net profits after tax valued at AED 406.40 million in the first nine months (9M) of 2025, up 23.70% year-on-year (YoY) from AED 328.46 million. Total sales widened by 39.10% to AED 1.44 billion in …
Real estate
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3 November 11:25 AM Tecom Group posts 18% higher profits in 9M-25
Dubai – Mubasher: Tecom Group recorded net profits amounting to AED 1.11 billion in the first nine months (9M) of 2025, up 18% from AED 942.67 million in 9M-24. Revenues hiked by 20% year-on-year (YoY) to AED 2.11 billion as of 30 September 2025 …
Financial Results
Photo Archived
29 October 06:28 PM Union Properties registers 162% surge in 9M-25 net profits
Dubai - Mubasher: The net profits after tax of Union Properties reached AED 139.22 million in the first nine months (9M) of 2025, signaling a 162% leap from AED 53.14 million in 9M-24. Revenues from contracts with customers hiked by 32% …
Real estate
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26 October 08:45 AM Emaar launches AED 100bn Dubai Mansions at Emaar Hills
Dubai – Mubasher: Emaar announced the Dubai Mansions project at Emaar Hills, the city’s newest and most prestigious master-planned community, with a total value of AED 100 billion. The new project includes 40,000 ultra-luxury residences, featuring …
Real estate
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28 August 03:27 PM Tecom Group approves AED 1.6bn acquisition to expand Dubai Industrial City
Dubai – Mubasher: The board members of Tecom Group approved the acquisition of 33 million sq.ft of land at Dubai Industrial City for AED 1.60 billion, according to a press release. The deal with Dubai Holding Asset Management will expand the …
Mergers and Acquisitions
Union Properties
6 August 11:13 PM Union Properties’ ServeU acquires House Keeping in AED 100m deal
Dubai – Mubasher: Union Properties, through its subsidiary the facilities management (FM) solutions provider ServeU, has carried out a strategic acquisition of House Keeping and House Keeping Domestic Workers, including their subsidiary. The deal …
Real estate
Emaar Development records AED 40.6bn property sales in H1-25
6 August 09:09 PM Emaar Development records AED 40.6bn property sales in H1-25
Dubai – Mubasher: Emaar Development sustained its strong momentum in the first half (H1) of 2025, delivering impressive results in both property sales and construction progress, according to a press release. The UAE development businesses …
Financial Results
Emaar generates 34% higher net profit before tax in H1-25
6 August 08:13 PM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release. In terms of sales growth, the …
Real estate
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3 August 11:53 AM Deyaar Development generates AED 248.5m profits in H1-25; revenues hike 39%
Dubai – Mubasher: Deyaar Development logged net profits after tax worth AED 248.56 million in the first half (H1) of 2025, an annual jump from AED 188.66 million. Revenue increased by 39.20% year-on-year (YoY) to AED 925.42 million as of 30 June …
Financial Results
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3 August 08:53 AM Tecom Group records AED 737.5m profits in H1-25; dividends unveiled
Dubai – Mubasher: The net profits of Tecom Group jumped by 22% year-on-year (YoY) to AED 737.42 million in the first half (H1) of 2025 from AED 603.04 million. The UAE-based group posted an annual rise of 21% in revenue to AED 1.38 billion as of …
Cash Dividends
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31 July 06:19 AM Union Properties unveils higher revenues in H1-25, AED 700m sales deal
Dubai – Mubasher: Union Properties recorded lower net profits at AED 14.56 million in the first half (H1) of 2025, compared to AED 34.77 million a year earlier. Revenue from contracts jumped to AED 315.66 million at the end of June 2025 from AED …
Companies Investments
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15 May 07:18 AM Deyaar’s revenues jump 32% in Q1-25; profits hit AED120m
Dubai – Mubasher: Deyaar Development delivered a strong performance at the beginning of 2025, recording net profits before corporate tax valued at AED 119.80 million in the first quarter (Q1) of 2025. The generated net profits were higher by 54% …
Financial Results
Photo Archive
12 May 08:22 PM Union Properties enters 2025 with strong financial performance; revenues jump 18% in Q1-25
Dubai – Mubasher: Union Properties began 2025 with positive financial performance, generating an annual increase of 18.20% in revenue to AED 163 million as of 31 March 2025, when compared with AED 138 million. Gross profit jumped by 25.30% to AED …
Financial Results
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11 May 02:58 PM Emaar Development’s revenues leap 43% in Q1-25; property sales hit AED 16.5bn
Dubai – Mubasher: Emaar Development logged property sales of AED 16.50 billion ($4.50 billion) over 12 projects in the first quarter (Q1) of 2025, an annual increase of 28% from AED 12.90 billion ($3.50 billion). The group’s positive performance …
Real estate
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11 May 10:26 AM Emaar Properties delivers AED 5.4bn profits in Q1-25; international operations drive higher sales
Dubai – Mubasher: Emaar Properties generated revenues amounting to AED 10.10 billion ($2.80 billion) in the first quarter (Q1) of 2025, marking a 50% year-on-year (YoY) hike, according to the financial results. The property sales reached nearly …
Financial Results
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4 May 03:10 PM Tecom Group’s profits rise 23% in Q1-25
Dubai – Mubasher: Tecom Group reported net profits valued at AED 360.86 million in the first quarter (Q1) of 2025, an annual rise of 23% from AED 292.52 million.  Revenues increased by 21% year-on-year (YoY) to AED 679.73 million in the first …
Financial Results
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22 April 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 …
Real estate
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17 April 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 …
Cash Dividends
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11 March 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 …
Cash Dividends
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17 February 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 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
Photo Archive
16 February 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 …
Financial Results
Photo Archive
13 February 12:27 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