RAK Properties declares 5% cash dividend for 2015

RAK Properties, Ras Al Khaimah-based property developer, has approved distribution of 5 per cent as cash dividend during its recently-held annual general meeting (AGM). The meeting reviewed and approved the company’s activities and its financial position as reported by the…

Dubai’s property down cycle finally over?

Dubai: After months of decline, Dubai’s property market is finally showing signs of recovery, with recent house prices indicating a possible bottoming-out. According to consultancy firm ValuStrat, the prices for villas and flats in 26 locations it regularly monitors did…