Property type
No. of bedrooms
Area
Show offers

Arabtec meeting later this week

22.07.2014
Arabtec shares fell as much as 9.8% during the early part of yesterday's trading; investors are now looking forward to Thursday's board meeting to see what is to be expected from the company's new managers.

Arabtec shares have continued to fluctuate, causing much concern to retail investors, The National reported. Arabtec plummeted as much as 9.8% during the early part of Sunday's trading before recovering to close down 1.7%.
“There’s no explanation for the reaction today,” said Marwan Shurrab, fund manager and head of trading at Vision Investments & Holdings in Dubai. “It’s retail going up and down and it all depends on mood and sentiment. There’s no fundamentals behind it. ”It was the second trading day of losses since the company’s major shareholder, Aabar Investments, said it was “studying different options for its stake but that any talks on a deal would remain confidential”.
However, Zawya reported that on Monday, the UAE stock markets bounced back as the Dubai Financial Market (DFM) index gained 2.5% to end trade at 4,724.95, while the Abu Dhabi Securities Exchange (ADX) general index rose 1.48% to reach 4,987.83.
In a statement on the Dubai bourse website , Arabtec said its board of directors would meet on Thursday to review and approve: the minutes of the previous board meeting, reports and recommendations, and the financial statements for the second quarter along with “any other business”.
“Arabtec will be discussing the business performance, maybe restructuring and talking about the strategy itself”, said Tareq Qaqish, the head of asset management at Al Mal Capital in Dubai.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Call management
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management