News / Developers

Saudi Jabal Omar Sells 90 Units For SAR 1.1 bn

Saudi-based Jabal Omar Development Company (JODC) announces signing an agreement on Sunday, May 20, to sell 90 residential units at SAR 1.1 bn to Albilad Capital, the investment arm of Albilad Bank.

Arab Contractors to Sell 4% Stake in El Mostakbal

Arab Contractors, an Egyptian construction and contracting company, will sell 4% of its shareholding in El Mostakbal for Urban Development to two local banks

SODIC, MHND Meet for Possible Merger

Madinet Nasr Housing and Development (MHND) and Sixth of October Development and Investment (SODIC) have held a meeting on Thursday, May 17, in the presence of their advisors and top management to discuss options available for either merger or acquisition

First Residents to Check into Emaar South Next Year

Residents of Emaar South, a joint venture project between Emaar Properties and Dubai South, will be able to check into their homes the upcoming year

Eagle Hills Sharjah Launches Second Maryam Island Project

Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, launches Sapphire Beach Residence, the second residential building of the flagship Maryam Island project in Sharjah on Wednesday, May 16

Sharjah Holding Unveils Uptown Al Zahia Neighborhood

Sharjah Holding, a partnership between Majid Al Futtaim and Sharjah Asset Management, launches Uptown Al Zahia, the newest neighborhood in Al Zahia, on Wednesday, May 16

Nahkeel’s The Pointe to Open End of 2018

The Pointe, Nakheel’s AED 800 mn, 1.4 mn square feet waterfront dining and entertainment destination on Palm Jumeirah, is nearing completion and will open towards the end of 2018

SODIC Records Revenues of EGP 512 mn in Q1

Sixth of October for Development & Investment Company (SODIC) reported a decline in its revenues to almost EGP 512 mn during the first quarter of 2018, including minority shareholders’ rights, versus EGP 703 mn logged during the same period last year

Egypt’s Palm Hills Logs EGP 224 mn Net Profit in Q1

Palm Hills Developments (PHD) announces a net profit of EGP 224 mn during the first quarter of 2018

Nakheel Tenders PALM360 Piling, Enabling Proposals

Nakheel is floating a construction tender for its PALM360, an iconic, two-tower luxury hotel and residential landmark project on Dubai’s Palm Jumeirah

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