News / Middle East

Aldar Sees AED 601 mn Profits in Q3

Abu Dhabi-based property developer Aldar Properties posts net profit of AED 601 mn in the third quarter of 2017

Dubai’s Emaar Properties Q3 Profit Up 32%

Dubai's Emaar Properties, which plans to list part of its development unit, has reported a 32% rise in third-quarter net profit, helped by a surge in sales of residential properties

Wasl to Release 3rd Park Gate Residences Tower for Sale Soon

UAE's real estate management and development company, Wasl Asset Management Group, is to launch soon the third tower of Park Gate Residences for sale in Dubai

KSA Launches 21 New Infrastructure Projects

Saudi Arabia's King Salman bin Abdulaziz has launched new infrastructure development projects worth SAR 7 bn in the Madinah region.

Kuwait to Build USD 112.5 bn ‘Gold City’

The Ministry of Commerce and Industry has asked Kuwait Municipality to allocate a plot to build a special ‘gold and jewelry city’ over a total area of 100,000 square meter

DAMAC Initiates Further Construction Work at AKOYA Oxygen

UAE’s real estate developer DAMAC Properties has started further construction works in October worth AED 350 mn at its residential community development, AKOYA Oxygen

TIME Hotels Launches New Saudi Resort Early November

UAE-headquartered hospitality company, TIME Hotels, is to launch a new resort in Saudi Arabia’s Jeddah during World Travel Market (WTM) in London

DAMAC Properties Says Vera Residences “More than 85% Sold”

UAE's developer DAMAC Properties says its Vera Residences in Dubai’s Business Bay received "unprecedented" interest

Bulgari Resort Dubai Opens Early December

UAE-based holding company Meraas says it will open a key development on December 7

Omniyat to Open Luxury Hotel in Dubai in 2020

UAE’s developer Omniyat plans to open its luxury hotel in Downtown Dubai during the third quarter of 2020, concurring with Expo 2020 Dubai

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