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Dec 10 19, 9:53 am

UAE exceeds 17,000 recoveries

The Ministry of Health and Prevention (MoHAP) reported that 412 patients have already fully recovered from the coronavirus disease (COVID-19), bringing the total number of recoveries in the country to 17,097. The total number of recovered cases of Coronavirus...

Dubai reopens beaches, parks from May 30

Dubai residents can say hello once again to the emirate's vibrant outdoor sceneries during the day as the Dubai Municipality has announced the reopening of several beaches and parks in the emirate. Dubai Municipality, in several tweet updates coursed through the Dubai...

DoubleDragon expands portfolio

by | Lifestyle

Dec. 10, 19 | 9:53 am

MANILA: DoubleDragon Properties Corp. is seen to expand its leasable portfolio to 1.2 mllion sqm next year with 700,000 sqm coming from CityMalls and some 300,000 sqm expected to come from Metro Manila offices.

This even as the company, in a disclosure early this year, revealed that it net income went up by 193.57% to P7.42 billion last year, on the back of rising prime property values.

DoubleDragon specifically cited rising land values in 2017 which allowed it to “benefit both from the appreciation as well as gain strong foothold position with its portfolio of prime hard assets,” said a Rappler report.

“ DoubleDragon’s recurring revenues also grew to P3.03 billion in 2018 from P1.31 billion in 2017 due to higher rental revenues which ended the year with P2.50 billion,” the report further stated.

On the hotel front, DoubleDragon reported an increase in revenues by some 34% to P533.62 million, owing to higher occupancy and room rates.

DoubleDragon chief investment officer Hannah Yulo said in the disclosure that they also expect cashflow from operating income to grow further this year.

“These are the key accomplishments DoubleDragon is focused on as its trajectory continues in line with its goal of becoming a recurring-revenue focused company,” Rappler quoted DoubleDragon chief investment officer Hannah Yulo as saying.

DoubleDragon has 77 projects – completed and under development, of which 51 are malls and 10 are office buildings; there are also eight hotels, and eight warehouses.

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UAE exceeds 17,000 recoveries

UAE exceeds 17,000 recoveries

The Ministry of Health and Prevention (MoHAP) reported that 412 patients have already fully recovered from the coronavirus disease (COVID-19), bringing the total number of recoveries in the country to 17,097. The total number of recovered cases of Coronavirus...

Dubai reopens beaches, parks from May 30

Dubai reopens beaches, parks from May 30

Dubai residents can say hello once again to the emirate's vibrant outdoor sceneries during the day as the Dubai Municipality has announced the reopening of several beaches and parks in the emirate. Dubai Municipality, in several tweet updates coursed through the Dubai...

16,000+ OFWs sent home in four days

16,000+ OFWs sent home in four days

Malacañang reports that over 16,000 overseas Filipino workers who were staying at hotels and quarantine facilities in Metro Manila have been sent back home to their respective provinces. The swift action and collaboration of multiple government agencies stem from the...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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