An increase of 4.9 billion dirhams by 2014Truth Consultancy
AED 134 billion investments in listed real estate companies
Posted: Mon May 25 2015
Bassam Abdel Samie (Abu Dhabi)
Total funds invested in real estate listed companies reached Psoqa «Abu Dhabi Securities» and «DFM», at the end of last year, 134.3 billion dirhams, compared with 129.4 billion dirhams at the end of 2013, an increase of 4% and the equivalent of 4.9 billion dirhams , according to a study issued by the Truth for economic Consultancy company.
Reza said Muslim director of the company «the study showed, high-current assets to real estate sector to 79.8 billion dirhams at the end of 2014, compared to 77.5 billion dirhams at the end of 2013, an increase of 3%, attributed the increase to higher balances of real estate companies have banks during 2014, compared to fiscal year 2013 ».
The «non-current assets at the end of last year amounted to nearly 54.5 billion dirhams, compared with 51.9 billion dirhams in 2013, and rose by 2.5 billion dirhams, due to the high fixed investment properties and property during the years of comparison.»
The study, «witnessed traded companies to the real estate sector recorded Psoqa Abu Dhabi and Dubai financial liabilities increased by 3.8 billion dirhams at the end of 2014, to reach 48.6 billion dirhams, compared with 44.8 billion dirhams growth of 8%, due to higher receivables growth trade payables in 2014. »
And non-current liabilities experienced a contraction of 14% to 16.7 billion dirhams at the end of fiscal year 2014 compared to 19.5 billion dirhams in 2013, due to the shrinkage decrease under long-term loans in 2014 compared to 2013.
And it achieved equity in real estate companies at the end of 2014, up by 3.9 billion dirhams, compared with the end of 2013, when she was 65.2 billion dirhams, and rose to 69.1 billion dirhams at the end of 2014 and is an aspect ratio of 6%, due rise to higher capital and reserves in its various forms in 2014 compared to 2013.
The total revenues of the real estate companies of the current activity at the end of 2014, about 20.2 billion dirhams, down two billion dirhams ability compared to 2013.
The net profit of the real estate companies registered Stock Exchanges Abu Dhabi and Dubai by the end of 2014 some 6.7 billion dirhams, down 251.7 million dirhams ability compared with the end of 2013, when she was 7 billion dirhams.